News
June 16, 2020 |

C21Media

TCB founders exit company

TCB Media Rights founders Paul Heaney and Dina Subhani have left the company following its sale to Australian production and distribution group Beyond Entertainment.

Paul Heaney

TCB was recently shopped to Beyond after the collapse of Kew Media Group, which acquired TCB in 2017.

However, C21 reported TCB’s sale to Beyond happened without the founders’ consent, leading to a hearing at the Ontario Superior Court of Justice, which approved the sale.

Heaney, the former CEO of Cineflix Rights, was still in an earn-out period following the sale of TCB to Kew, the terms of which stipulated that no offers could be accepted for the company without his consent.

As a result, it was expected that while Heaney and Subhani would remain with TCB in the short term, it was unlikely they would stay with the Beyond-owned firm long term.

More follows.

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