A Parent Media Company (APMC), the owners of streaming services Victory Plus and Kidoodle.TV, is being placed in receivership after one of its largest creditors told a Canadian court this week that the company faces the likelihood of insolvency.
TriWest Capital Partners, which invested in APMC four years ago, asked a Canadian court on Thursday to appoint AlixPartners Restructuring as the company’s receiver. The filing follows a rapid deterioration at Victory Plus, APMC’s free sports streaming service.
Victory Plus launched in September 2024 with rights to stream games from the Dallas Stars and Anaheim Ducks of the National Hockey League. The service expanded in 2025 with Texas Rangers baseball and more than 50 National…