Quebec entertainment group ComediHa! confirms acquisition of Just For Laughs assets

Quebec-based entertainment group ComediHa! said Tuesday it’s “entering a new era” as it confirmed it will acquire a number of assets from the financially troubled Just for Laughs comedy company.

“This asset acquisition will enable us to offer even more diverse entertainment experiences to our Quebec, Canadian and global audiences while supporting the growth and development of our artists and content around the world,” CEO Sylvain Parent-Bedard said in a news release. The announcement comes after Just for Laughs cancelled its Montreal and Toronto festivals this year and sought creditor protection, blaming the COVID-19 pandemic, inflation and the changing entertainment industry for its financial woes.

ComediHa! announced last week that it had reached an agreement to acquire the assets but that the deal had to be approved by Quebec Superior Court. That approval came Monday.

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