Item - 2023.CT3.6

The Board of Directors of TO Live:

1. Approved the budget for Production 1, as outlined in Confidential Attachment 1 to the report (April 3, 2023) from the President and Chief Executive Officer, TO Live.

2. Approved the budget for Production 2, as outlined in Confidential Attachment 2 to the report (April 3, 2023) from the President and Chief Executive Officer, TO Live.

3. Directed that Confidential Attachment 1 and Confidential Attachment 2 to the report (April 3, 2023) from the President and Chief Executive Officer, TO Live remain confidential in their entirety because they contain financial information supplied in confidence to the Board of Directors of TO Live which if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.

The purpose of this report is to seek Board approval to proceed with two programming risk productions in 2024 and their budgets, more specifically described in Confidential Attachments 1 and 2.

At its meeting on April 17, 2023 the TO Live - Finance and Audit Committee considered item RZ3.2 and made a recommendation to the Board of Directors of TO Live.

Summary from the report April 3, 2023 from the President and Chief Executive Officer, TO Live:

The purpose of this report is to seek Board approval to proceed with two programming risk productions in 2024 and their budgets, more specifically described in Confidential Attachments 1 and 2.