12:07:39 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 912,289,567
Close 2023-09-15 C$ 55.15
Market Cap C$ 50,312,769,620
Recent Sedar Documents

Globe's Carlson says dumb actors have tiff with RBC

2023-09-18 06:57 ET - In the News

See In the News (C-RY) Royal Bank of Canada

The Globe and Mail reports in its Saturday edition that the push by a group of actors and film makers to oust RBC as a sponsor of the Toronto International Film Festival because of its business with the oil and gas industry is an epic Hollywood tale of cutting off your nose to spite your face. The Globe's Gus Carlson writes that it is not the first time actors have swerved out of their lane, believing they have credibility to weigh in on issues well beyond their comprehension. Losing another big sponsor of an influential platform such as TIFF could be disastrous. The harsh reality is TIFF can hardly bear to have another foundational piece removed from its wobbly Jenga tower. Last month, Bell said it would end its nearly three-decade relationship with the organization as lead sponsor this year, taking with it a $5-million annual injection of funds -- 28 per cent of TIFF's earned revenue. While Bell said it was making the move to focus on investments in core businesses in a challenging market for its media business, there is likely a bigger truth behind the decision: It is hard to justify spending millions on an event showcasing rich entertainers when the company is laying off 1,300 working folks with families to support.

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