Atlantis seeks to go public

Atlantis Communications is the latest Canadian production company to announce that it will go public. Toronto-based Atlantis, one of Canada’s leading television production and distribution companies, has filed a preliminary prospectus related to offering public shares and it hopes to be listed on the Toronto Stock Exchange by mid-December.

Three of Canada’s top film and TV players — Alliance Communications, Paragon Entertainment and Cinar Films — have gone public in the past few months.

The public stake will be roughly 30% and the four Atlantis principals — president Michael MacMillan and executive VPs Seaton McLean, Ted Riley and Peter Sussman — will continue to operate and control the company after the share issue.

Atlantis sold a minority interest earlier this year to the Interpublic Group of Companies and Paul Talbot of Fremantle Corp., and both will retain their stake in Atlantis. The Interpublic Group has a 19.99% stake and Talbot has 5%.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety

Loading