UPDATED: Corus walks away from pay TV for $211 million; Bell signs new multiplatform deal with HBO, will take TMN national

MONTREAL and TORONTO – Bell Media will pay Corus Entertainment $211 million in order to gain national access to the pay-TV market.The two companies made separate announcements today where Corus will wind down pay TV brands Movie Central and Encore Avenue as Bell will take The Movie Network national while also becoming the sole Canadian rights holder for HBO content, across all platforms.This leaves Allarco’s Super Channel as the only other pay-TV service in the country."Bell Media now has the national scale required to create, negotiate and deliver more premium TV programming to Canadian consumers, across more platforms and more...