Events organizer Brunico Communications blames media content production budgets being chopped for ending its TV events business in the U.S. market.
“This decision was deeply considered and stemmed from the market consolidation that continues to progress and have structural impacts on the content production business,” Russell Goldstein, president and CEO of Toronto-based Brunico, said in a statement on Tuesday.
The move followsDavid Oyelowo Receives THR's Trailblazer Award at NATPE Global in Miami, Talks Joys and Challenges of Telling Inclusive Stories Kidscreen and Realscreen will continue as kids and unscripted content publications, respectively. With the closure of the U.S. events, Claire Macdonald,Napte in Miami returned in 2024 after the assets of The National Association of Television Program Executives were acquired by Brunico, which also operates the Banff World Media Festival. The acquisition followed NAPTE for bankruptcy protection in Oct. 2022 after running into a financial wall due to the forced cancellations of the 2021 and 2022 U.S. TV markets amid the pandemic. NAPTE Global, the flagship U.S. TV market, returning in 2024 also coincided with the TV industry being upended by the 2023 dual Hollywood strikes, emerging streaming platforms and accelerating cord-cutting. That disruption unleashed another round of industry consolidation as major studios balanced expensive streaming platforms with offsetting linear TV losses. Before picking up the operating rights to the Banff World Media Festival in 2016, Brunico ran the Realscreen Summit and Kidscreen Summit conferences as it operated markets and conferences in the U.S. and elsewhere internationally.Plus Icon The Hollywood Reporter is a part of Penske Media Corporation. © 2026 The Hollywood Reporter, LLC. All Rights Reserved.
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