December 30, 2014 — OTTAWA, ON — Competition Bureau
The Competition Bureau has issued a No Action Letter (NAL) with respect to TVA Group’s proposed acquisition of Vision Globale. Vision Globale operates in the film and television industry with soundstage and equipment leasing and post-production services.
The Bureau concluded that this transaction is unlikely to result in a substantial lessening or prevention of competition due to, among other things, the presence of effective remaining competitors in the marketplace for film and television production and post-production services. The Bureau has concluded that the quality and quantity of the television programs offered to viewers is unlikely to be affected by the transaction.
A NAL confirms that the Bureau has reviewed the proposed transaction and concluded that it will not, at this time, challenge the proposed transaction before the Competition Tribunal under the merger provisions of the Competition Act.
- The assets to be acquired include Mel’s Cité du cinéma in Montréal and Studios Melrose in Saint-Hubert, which facilities are used for both local and foreign film and television production, including American blockbusters.
- TVA Group, a subsidiary of Quebecor Media, is an integrated communications company engaged in the creation, production and distribution of audiovisual products, and in magazine publishing.
- As part of our normal approach in examining a merger, the Bureau consults with a wide range of industry participants, such as suppliers, competitors, industry associations, customers and industry experts.
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