Proceedings.

Productivity Media Inc., Productivity Media Income Fund I LP, Productivity Media Lending Corp. I and 8397830 Canada Inc.

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Proceeding
Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43
Court
Ontario Superior Court of Justice
File
CV-24-00730869-00CL
Industry
Financial services · Lending & mortgages
Filings held93
Last activity18 Sep 2026
On the record717 days
Secured debtSubscribers
OverviewSummary updated

Productivity Media Inc., together with Productivity Media Income Fund I LP, Productivity Media Lending Corp. I and 8397830 Canada Inc., has been in court-appointed receivership since November 19, 2024, when the Ontario Superior Court of Justice (Commercial List) appointed KSV Restructuring Inc. as receiver and manager under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, on the application of Two Shores Capital Corp. (court file CV-24-00730869-00CL). Two Shores, owed approximately US$2.64 million as of October 24, 2024 under a Loan Agreement dated July 25, 2024, is to the Receiver's knowledge the Debtors' only secured creditor, with PMIF as borrower and Productivity Media Inc. and Productivity Media Lending Corp. I as guarantors. A Statement of Claim alleges Santor misappropriated at least approximately $44.4 million; the Receiver notes the actual fraud may significantly exceed that figure. PMIF's audited statements for the year ended December 31, 2023 put the book value of its loan portfolio at approximately $286 million.

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Case updates92 dated entries · 1 undated
#Sale

The court granted an approval and vesting order for the sale to Wind Sun Sky Entertainment Inc. Closing terms, as extracted: Vesting effective upon delivery of a Receiver's Certificate confirming payment of Purchase Consideration and satisfaction of closing conditions.

Source: Approval and Vesting Order dated Nobember 25, 2025

#Report

The officer filed report no. Supplement to Fourth Report. The supplement reports on the adjourned November 19, 2025 approval motion. Counsel for Plaunt and 1401713 Alberta objected, and the Receiver has since provided him with agreements, reports, bank records and a cash transaction schedule. The Receiver proposes protective language in the draft Approval and Vesting Order preserving the Plaunt constructive trust claim as it relates to the net sale proceeds of the 839 Owned Shares.

Source: Supplement to the Fourth Report of the Receiver dated November 24, 2025

#Report

The officer filed report no. Fourth Report. The Receiver is seeking court approval to sell 839 Canada's 40% equity interest in Wind Sun Sky Entertainment for nominal cash plus a 12.5% participation in future net revenue on WSS's film and television properties, because 839 Canada's ownership is impairing WSS's ability to raise capital.

Source: Fourth Report of the Receiver dated November 6, 2025

Undated filings1 — no date appears on the document · show
—
Filing

Statement of Defence Counterclaim and Crossclaim of MNP LLP dated March, 2026 — Application filed

PDF · Subscribers

Parties

Debtor

Productivity Media Inc., Productivity Media Income Fund I LP, Productivity Media Lending Corp. I and 8397830 Canada Inc.

Receiver

KSV

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice BlackOntario Superior Court of Justice8 orders, Dec 2024 – Mar 2025198 cases on record
Justice KimmelOntario Superior Court of Justice6 orders, Jan 2025 – Jan 2026198 cases on record
Justice DietrichOntario Superior Court of Justice5 orders, Apr 2025 – Jul 2025132 cases on record
Justice SteeleOntario Superior Court of Justice3 orders, Nov 2025 – Mar 2026245 cases on record
Justice CavanaghOntario Superior Court of Justice3 orders, Dec 2024 – Nov 2025318 cases on record
Justice PennyOntario Superior Court of Justice2 orders, Mar 2025196 cases on record
1 more judge on the docket

Counsel of record

PartyCounselFirst seenSource
ReceiverKSVPaliare Roland Rosenberg Rothstein LLP · Bennett Jones LLP · DLA Piper (Canada) LLP14 Apr 2025Order · 13 Mar 2026
ReceiverKSV Restructuring IncOsler, Hoskin & Harcourt LLP
Previously DLA Piper (Canada) LLP (last seen 14 Apr 2025)
14 Apr 2025Service list · 9 Apr 2026
ApplicantPaliare Roland Rosenberg Rothstein LLP · Fasken Martineau DuMoulin LLP19 Nov 2024Order · 18 Sep 2026
DebtorProductivity Media Inc., Productivity Media Income Fund I LP, Productivity Media Lending Corp. I and 8397830 Canada Inc.Bennett Jones LLP17 Jun 2025Application · 17 Jun 2025
CreditorAccess Family Office CorpNorton Rose Fulbright Canada LLP9 Apr 2026Service list · 9 Apr 2026
CreditorCambridge Mercantile CorpGardiner Roberts LLP9 Apr 2026Service list · 9 Apr 2026
CreditorConsortium of Union Sponsored Trust UnitholdersKoskie Minsky LLP9 Apr 2026Service list · 9 Apr 2026
CreditorEllement FundsKoskie Minsky LLP19 Feb 2025Application · 19 Feb 2025
CreditorLitigationDLA Piper (Canada) LLP9 Apr 2026Service list · 9 Apr 2026
CreditorMarevaFogler, Rubinoff LLP14 Feb 2025Order · 14 Feb 2025
CreditorNon- Andrew Chang-SangTorys LLP12 Jan 2026Application · 12 Jan 2026
CreditorTwo Shores Capital CorpFasken Martineau DuMoulin LLP19 Feb 2025Factum · 19 Feb 2025
CreditorUnited Food and Commercial Workers National Defence FundWright Henry LLP3 Jul 2025Affidavit · 3 Jul 2025
CreditorWestfield Partners LtdLoopstra Nixon LLP9 Apr 2026Service list · 9 Apr 2026
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredTwo Shores Capital Corp.Loan Agreement dated July 25, 2024 — To the Receiver's knowledge, Two Shores is the Debtors' only secured creditor; amount stated as approximate, with interest, fees and expenses continuing to accrue. — debtor: Productivity Media Income Fund I LP (borrower); Productivity Media Inc. and Productivity Media Lending Corp. I (guarantors) · as of 24 Oct 2024$2.64M USDFirst Report of the Receiver dated December 5, 2024

This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.

Sale processAs stated in the filings

2 transactions · 1 proposed · 1 approved — The motion to approve the Transactions was adjourned to November 25, 2025 due to objections raisedSupplement to the Fourth Report of the Receiver dated November 24, 2025 · 24 Nov 2025

PurchaserPriceStatusSource
Purchaser under Share Purchase Agreement for 839 WSS Shares; not named in this documentthe Receiver's and 839 Canada's right, title and interest in and to the 839 WSS Shares · share sale · agreement 31 Mar 2022not statedProposedSupplement to the Fourth Report of the Receiver…
Wind Sun Sky Entertainment Inc.all of the Receiver's and the 839 Canada's right, title and interest in and to the 839 Owned Shares · share sale · agreement 29 Aug 2025not statedApproved25 Nov 2025Approval and Vesting Order dated Nobember 25,…
AdvisorsErnst & Young Inc. (financial advisor)Supplement to the Fourth Report of the Receiver dated November 24, 2025
Closing termsVesting effective upon delivery of a Receiver's Certificate confirming payment of Purchase Consideration and satisfaction of closing conditionsApproval and Vesting Order dated Nobember 25, 2025
RecoveriesAs stated in the filings

Unsecured creditors: no distribution.Under the planBook of Authorities of Two Shores Capital Corp. · 19 Feb 2025

ClassCreditorClaimsRecoveryBasisSource
Unsecuredrelated creditorsrelated party—no distributionUnder the planBook of Authorities of Two Shores Capital Corp. · 19 Feb 2025

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

Estate financialsReported figures — never derived

Cumulative receipts

$75K

As at 6 Nov 2025Fourth Report of the Receiver dated November 6, 2025

Documents
93 filings
DateDocumentFile
Name Substitution Order re Chang-Sang Action dated September 18, 2026
  • Counsel Paliare Roland Rosenberg Rothstein LLP
PDF · Subscribers
Name Substitution Order re Hills Action dated September 18, 2026
  • Counsel Paliare Roland Rosenberg Rothstein LLP
PDF · Subscribers
Name Substitution Order re MNP Action dated September 18, 2026
  • Counsel Paliare Roland Rosenberg Rothstein LLP
PDF · Subscribers
Case Conference Brief of the Plaintiff, KSV dated May 19, 2026PDF · Subscribers
Service List as at April 9, 2026
  • Counsel Gardiner Roberts LLP
PDF · Subscribers
Court Order dated March 13, 2026
  • Counsel Paliare Roland Rosenberg Rothstein LLP
  • Presiding officer Justice J. Steele
PDF · Subscribers
Endorsement of Justice Steele dated March 13, 2026
  • Presiding officer Justice Steele
PDF · Subscribers
Statement of Defence Crossclaim and Counterclaim of the Defendant Apex Fund Services (Canada) Ltd. dated March 12, 2026PDF · Subscribers
Factum of the Plaintiff dated February 20, 2026PDF · Subscribers
Fresh as Amended Statement of Claim dated January 30, 2026PDF · Subscribers
Endorsement of Justice Jessica Kimmel dated January 15, 2026
  • Presiding officer Justice Jessica Kimmel
PDF · Subscribers
Case Conference Brief of Andrew Chang-Sang dated January 12, 2026
  • Counsel Torys LLP
PDF · Subscribers
Case Conference Memorandum of Apex Canada dated January 12, 2026PDF · Subscribers
Case Conference Memorandum of MNP LLP dated January 9, 2026
PDF · Subscribers
Approval and Vesting Order dated Nobember 25, 2025
  • Closing terms Vesting effective upon delivery of a Receiver's Certificate confirming payment of Purchase Consideration and satisfaction of closing conditions
  • Order date 25 November 2025
  • Presiding officer Justice Cavanagh
  • Purchaser Wind Sun Sky Entertainment Inc. · all of the Receiver's and the 839 Canada's right, title and interest in and to the 839 Owned Shares · share sale · approved
  • + 1 more extracted fact
PDF · Subscribers
Endorsement of Justice Cavanagh dated November 25, 2025
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Aide Memoire of KM Represented Funds dated November 24, 2025PDF · Subscribers
Supplement to the Fourth Report of the Receiver dated November 24, 2025
  • Operational summary The supplement reports on the adjourned November 19, 2025 approval motion. Counsel for Plaunt and 1401713 Alberta objected, and the Receiver has since provided him with agreements, reports, bank records and a cash transaction schedule. The Receiver proposes protective language in the draft Approval and Vesting Order preserving the Plaunt constructive trust claim as it relates to the net sale proceeds of the 839 Owned Shares.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 8 more extracted facts
PDF · Subscribers
Endorsement of Justice Steele dated November 20, 2025
  • Presiding officer Justice Steele
PDF · Subscribers
Aide Memoire of the Receiver dated November 17, 2025
PDF · Subscribers
Motion Record of the Receiver dated November 10, 2025PDF · Subscribers
Fourth Report of the Receiver dated November 6, 2025
  • Operational summary The Receiver is seeking court approval to sell 839 Canada's 40% equity interest in Wind Sun Sky Entertainment for nominal cash plus a 12.5% participation in future net revenue on WSS's film and television properties, because 839 Canada's ownership is impairing WSS's ability to raise capital.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Endorsement of Justice J. Dietrich dated July 15, 2025
  • Presiding officer Justice J. Dietrich
PDF · Subscribers
Order of Justice Dietrich re Settlement Approval July 15, 2025
  • Presiding officer Justice J. Dietrich
PDF · Subscribers
Order of Justice Dietrich re Settlement Mareva Discharge and Amending Claim July 15, 2025
  • Presiding officer Justice J. Dietrich
PDF · Subscribers
Affidavit of Tejinderpal Sanghera sworn July 14, 2025PDF · Subscribers
Factum of Alan Plaunt dated July 14, 2025PDF · Subscribers
Endorsement of Justice Kimmel dated July 9, 2025
  • Presiding officer Justice Kimmel
PDF · Subscribers
Case Conference Brief of the Receiver dated July 8, 2025
PDF · Subscribers
Affidavit of S. Hession re Additional Correspondence sworn July 3, 2025PDF · Subscribers
Factum of the Receiver Plaintiff- Settlement Approval Hearing dated July 3, 2025PDF · Subscribers
Service Letter re factum and affidavit dated July 3, 2025
  • Counsel Wright Henry LLP
PDF · Subscribers
Submissions of the Mareva Defendants dated July 3, 2025PDF · Subscribers
Motion Record of the Receiver dated June 20, 2025PDF · Subscribers
Plaintiff's Motion Record dated June 20, 2025PDF · Subscribers
Endorsement of Justice Kimmel dated June 19, 2025
  • Presiding officer Justice Kimmel
PDF · Subscribers
Notice of Motion re Settlement Approval dated June 17, 2025
  • Counsel Bennett Jones LLP
PDF · Subscribers
Notice of Motion re Settlement and Mareva Discharge dated June 17, 2025PDF · Subscribers
Third Report of the Receiver dated June 17, 2025PDF · Subscribers
Statement of Claim filed against MNP LLP dated May 23, 2025PDF · Subscribers
Amended and Restated Receivership Order dated April 16, 2025
  • Applicant Two Shores Capital Corp.
  • Appointee KSV Restructuring Inc.
  • Appointee role receiver and manager
  • Counsel FASKEN MARTINEAU DuMOULIN LLP
  • + 4 more extracted facts
PDF · Subscribers
Court Order re Adding Debtor dated April 16, 2025
  • Counsel DLA PIPER (Canada) LLP
  • Presiding officer Justice J. Dietrich
PDF · Subscribers
Endorsement of Justice Dietrich dated April 16, 2025
  • Presiding officer Justice Dietrich
PDF · Subscribers
Affidavit of Sophie Hession sworn April 14, 2025PDF · Subscribers
Book of Authorities of the Applicants dated April 14, 2025PDF · Subscribers
Factum of the Receiver dated April 14, 2025
  • Counsel DLA Piper (Canada) LLP
PDF · Subscribers
Motion Record of the Receiver dated April 4, 2025PDF · Subscribers
Second Report of the Receiver dated April 4, 2025PDF · Subscribers
Court Order re Mareva Continuation dated March 24, 2025PDF · Subscribers
Endorsement of Justice Black dated March 24, 2025
  • Presiding officer Justice Black
PDF · Subscribers
Endorsement of Justice Penny dated March 6, 2025
  • Presiding officer Justice Penny
PDF · Subscribers
Order of the Fund Trustees dated March 6, 2025
  • Counsel Koskie Minsky LLP
  • Presiding officer Justice Penny
PDF · Subscribers
Book of Authorities of the Ellement Funds dated March 5, 2025PDF · Subscribers
Ellement Factum re Motion Returnable on March 7, 2025
  • Counsel Koskie Minsky LLP
PDF · Subscribers
Ellement Funds Motion Returnable March 6, 2025PDF · Subscribers
Court Order dated February 20, 2025
  • Presiding officer Justice Kimmel
PDF · Subscribers
Endorsement of Justice Kimmel dated February 20, 2025
  • Presiding officer Justice Kimmel
PDF · Subscribers
Aide Memoire of the Pension Plan Trustees dated February 19, 2025
  • Counsel Koskie Minsky LLP
PDF · Subscribers
Book of Authorities of Two Shores Capital Corp. dated February 19, 2025
  • Counsel Moulin LLP
  • Recovery outcome Entries: per plan · Table missing:
PDF · Subscribers
Factum of Two Shores Capital Colp. dated February 19, 2025
  • Counsel FASKEN MARTINEAU DuMOULIN LLP
PDF · Subscribers
Court Order Mareva Continuation-Unfreezing Funds dated February 14, 2025
  • Counsel Fogler, Rubinoff LLP
  • Presiding officer Justice W.D. Black
PDF · Subscribers
Endorsement of Justice Black dated February 14, 2025
  • Presiding officer Justice Black
PDF · Subscribers
Motion Record of the Applicant dated February 14, 2025PDF · Subscribers
Statement of Claim of the Receiver dated February 7, 2025PDF · Subscribers
Court Order re Mavera Continuation dated January 28th, 2025PDF · Subscribers
Endorsement of Justice W.D. Black dated January 28, 2025
  • Presiding officer Justice W.D. Black
PDF · Subscribers
Consent Order January 2, 2025PDF · Subscribers
Endorsement of Justice Kimmel dated January 2, 2025
  • Presiding officer Justice Kimmel
PDF · Subscribers
Endorsement of Justice Cavanagh dated December 19, 2024
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Mareva Continuation and Funds Release Order dated December 19, 2024PDF · Subscribers
Continuation Order dated December 18, 2024PDF · Subscribers
Court Order re Mareva Continuation dated December 12, 2024
  • Presiding officer Justice W.D. Black
PDF · Subscribers
Endorsement of Justice Black dated December 12, 2024
  • Presiding officer Justice Black
PDF · Subscribers
Ex Parte Order dated December 6, 2024PDF · Subscribers
First Report of the Receiver dated December 5, 2024
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Endorsement of Justice Black dated December 2, 2024
  • Presiding officer Justice Black
PDF · Subscribers
Mareva Order dated December 2, 2024
  • Presiding officer Justice W.D. Black
PDF · Subscribers
Factum of the Moving Party dated November 25, 2024PDF · Subscribers
Motion Record of the Plaintiff dated November 22, 2024 - Vol 1 of 9PDF · Subscribers
Motion Record of the Plaintiff dated November 22, 2024 - Vol 2 of 9PDF · Subscribers
Motion Record of the Plaintiff dated November 22, 2024 - Vol 3 of 9PDF · Subscribers
Motion Record of the Plaintiff dated November 22, 2024 - Vol 4 of 9PDF · Subscribers
Motion Record of the Plaintiff dated November 22, 2024 - Vol 5 of 9PDF · Subscribers
Motion Record of the Plaintiff dated November 22, 2024 - Vol 6 of 9PDF · Subscribers
Motion Record of the Plaintiff dated November 22, 2024 - Vol 7 of 9PDF · Subscribers
Motion Record of the Plaintiff dated November 22, 2024 - Vol 8 of 9PDF · Subscribers
Motion Record of the Plaintiff dated November 22, 2024 - Vol 9 of 9PDF · Subscribers
Endorsement of Justice Conway dated November 19, 2024
  • Presiding officer Justice Conway
PDF · Subscribers
Receivership Appointment Order dated November 19, 2024
  • Applicant Two Shores Capital Corp.
  • Appointee KSV Restructuring Inc.
  • Appointee role receiver and manager
  • Counsel FASKEN MARTINEAU DuMOULIN LLP
  • + 5 more extracted facts
PDF · Subscribers
Aide Memoire of the Applicant, Two Shores Capital Corp. dated November 15, 2024PDF · Subscribers
Application Record of the Applicant, Two Shores Capital Corp. dated November 7, 2024PDF · Subscribers
Pre-filing Report of the Proposed Receiver dated November 5, 2024PDF · Subscribers
Statement of Defence Counterclaim and Crossclaim of MNP LLP dated March, 2026PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Productivity Media Inc., Productivity Media Income Fund I LP, Productivity Media Lending Corp. I and 8397830 Canada Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/productivity-media-inc-productivity-media-income-fund-i-lp-productivity-media-le

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Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/productivity-media-inc-productivity-media-income-fund-i-lp-productivity-media-le

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.