With headquarters in Toronto and an office in Los Angeles, Tricon was a North American independent production and distribution company which created, developed, produced and distributed films and television shows. Tricon owned a library of television shows comprised of its own productions and third-party production rights it acquired. Tricon’s library included over 160 television program titles comprised of factual, digital, scripted, children’s and other content. Tricon negotiated distribution agreements with over 150 broadcasters in markets worldwide, including NBC, AMC, Showtime, Cooking Channel, Disney Channel, Teletoon, Discovery Channel, Food Network, History, CBC, MTV, YTV, HGTV, Slice, Netflix, Hulu and iTunes.
Tricon commenced restructuring proceedings under the Companies’ Creditors Arrangement Act (“CCAA”) and pursued a strategy to maximize value through a Court-supervised sale process. KSV was appointed CCAA Monitor. In such role, we carried out a sale process for Tricon’s business and assets.
The sale process resulted in a Court approved transaction with a strategic party. We also assisted Tricon to pursue realizations on its other assets, including working with Canada Revenue Agency and Canadian Audio Visual Certification Office to collect Tricon’s film production tax credits.