A period “too short” to assess the profitability of the Centre Videotron, according to PKP

File Photo, Didier Debusschère

Sandra Godin

Thursday, 24 August, 2017 16:09

UPDATE
Thursday, 24 August, 2017 16:25

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The Centre Videotron is not active for long enough for him to make the trial of its profitability, judge Pierre Karl Péladeau. Barely two years after its inauguration, it considers that it is too easy to judge after such a short time, and that an NHL team “is part of the overall time that is necessary.”

Last march, the mayor Régis Labeaume, who had shown signs of impatience in the face of the manager of the Centre Videotron.

“I know of no business that will be profitable in six months,” said Thursday the president and chief executive officer of Quebecor, on the sidelines of the press conference of the benefit show, “Sing louder than the fire”, for the reconstruction of the theatre Petite-Vallée.

Asked about the urgency of the profitability of the amphitheatre, he said that it is “too easy to judge it on a short period of time”.

“We will eventually do the trial of this investment, at the end of the lease. In the meantime, one thing is certain, we are working on it diligently,” he added.

“This is a large investment, obviously, to the City of Quebec, it is an important investment for Quebecor, he said. It is necessary to pay attention. There are significant sums that have been paid to the City, including the identification rights and rents.”

Shows cancelled

Pierre Karl Péladeau has also said that he was going to “do the needful” for that cancellations of concerts such as The Weeknd and the Red Hot Chili Peppers “no longer occur”.

“There’s nobody who wants to lose money. I think we had a very good performance when even on the topic of shows in a short period of time. We will continue to make efforts. We continue to want to have even more events.”

He in the same breath affirmed that the coming of a team from the national hockey League was always one of his priorities.