UPDATED: Super Channel parent granted creditor protection, owing $115.7 million

EDMONTON – The Court of Queen's Bench of Alberta today granted Allarco Entertainment 2008 Inc. and Allarco Entertainment Limited Partnership (which does business as Super Channel) protection from its creditors under the Companies' Creditors Arrangement Act (CCAA).The initial period is for 30 days, to expire on June 25, 2016, subject to extensions, if granted by the Court. According to court documents, the company owes $115.7 million to various creditors, including the likes of Twentieth Century Fox, Starz and Warner Bros. for content airing on the pay TV service.The company, which operates as the Super Channel TV brand in Canada, said...