Successful Launch of New Lifestyle Brands
Corus launched new lifestyle brands 'Flavor Network' and 'Home Network', supported by a two-month free preview across major distributors and strong advertiser interest. Ratings remained consistent, and all carriage for the networks was maintained.
Strong Fall Season Performance
Global TV network ranked number one in core prime time in Canada with six of the top 10 and 11 of the top 20 shows, including 'Survivor' and 'Saturday Night Live'.
Growth in Streaming and News Audience
Total hours streamed increased by 24% year-over-year, with STACKTV, Pluto TV, and Global TV App contributing to the growth. News audiences grew 8% on linear TV and 31% on GlobalNews.ca.
Cost Reduction Initiatives
Significant headcount reduction led to a 14% decrease in employee costs. Overall expense reductions were $6 million in the quarter.
Record Streaming Subscribers
As of the end of Q1, Corus had a record high number of paying streaming subscribers.