History
In November 2000, a joint venture between Salter Street Films (95%) and Triptych Media Inc. (5%) were awarded a broadcasting licence by the Canadian Radio-television and Telecommunications Commission (CRTC) for a channel called The Independent Film Channel Canada, intended to emulate the American IFC service, the channel was described as "a national English-language Category 1 specialty television service consisting of dramatic and non-fiction short and feature-length independent films, and programs focusing on the independent film-making process, film makers and film festivals."
On February 9, 2001, the CRTC approved a proposed corporate restructuring that would allow Salter Street Films acquire Triptych Media's 5% in the service. Three days later, on February 12, Alliance Atlantis announced that it would be purchasing Salter Street Films, acquiring the licence for the Independent Film Channel Canada in the process.
The channel was launched on August 15, 2001 as Independent Film Channel or IFC, under the sole ownership of Salter Street Films, with its name licensed from its American counterpart, IFC. In December 2001, the CRTC approved the purchase Salter Street Films by Alliance Atlantis.
On January 18, 2008, a joint venture between Canwest and Goldman Sachs Capital Partners known as CW Media, acquired control of IFC through its purchase of Alliance Atlantis' broadcasting assets, which were placed in a trust in August 2007.
On October 27, 2010, ownership changed again as Shaw Communications gained control of IFC as a result of its acquisition of Canwest and Goldman Sachs' interest in CW Media.
Read more about this topic: IFC (Canadian TV Channel)
Famous quotes containing the word history:
“We may pretend that we’re basically moral people who make mistakes, but the whole of history proves otherwise.”
—Terry Hands (b. 1941)
“Well, for us, in history where goodness is a rare pearl, he who was good almost takes precedence over he who was great.”
—Victor Hugo (1802–1885)
“The history of medicine is the history of the unusual.”
—Robert M. Fresco, and Jack Arnold. Prof. Gerald Deemer (Leo G. Carroll)