Welcome to our dedicated page for Thunderbird Entmt Group news (Ticker: THBRF), a resource for investors and traders seeking the latest updates and insights on Thunderbird Entmt Group stock.
Thunderbird Entertainment Group Inc. (OTCQX: THBRF; TSXV: TBRD) is frequently featured in news coverage as a global award-winning, full-service multiplatform production, distribution and rights management company. Headquartered in Vancouver with teams in Los Angeles and, in some disclosures, Ottawa, Thunderbird creates scripted, unscripted and animated programming for major digital platforms and broadcasters in Canada and internationally.
News about Thunderbird often highlights developments across its divisions: Thunderbird Kids and Family (Atomic Cartoons), Thunderbird Unscripted (Great Pacific Media) and Thunderbird Scripted. Coverage includes announcements of new series in development or production, such as Atomic Cartoons’ work on Surf’s Up: The Series based on Sony Pictures Animation’s film Surf’s Up, as well as updates on Thunderbird-owned intellectual property like Mermicorno: Starfall and Super Team Canada.
Investors and followers can expect regular updates on distribution and licensing deals through Thunderbird Distribution and Thunderbird Brands. Recent examples include a collaboration with Disney Branded Television to bring the preschool series BeddyByes to Disney Jr. and Disney+, and new consumer product licensing partnerships for Mermicorno: Starfall in categories such as publishing and personal care.
Company news also covers financial and corporate milestones, including fiscal year-end and quarterly results, production slates, credit facilities with Royal Bank of Canada, and share repurchase activity under a Normal Course Issuer Bid. In addition, recent releases discuss a proposed plan of arrangement under which Blue Ant Media Corporation would acquire all Thunderbird common shares, alongside commentary from both the company and a shareholder, Sieve Capital, which has publicly opposed the transaction.
This news page aggregates these types of announcements so readers can follow Thunderbird’s production activity, partnerships, financial reporting and corporate transactions in one place.
Thunderbird Entertainment Group will present at the Planet MicroCap Showcase: VIRTUAL 2022 on December 7, 2022, at 12 p.m. EST/9 a.m. PST. CEO Jennifer Twiner McCarron will host the session and answer questions afterward. Attendees can access the live presentation via the provided webcast link. Interested investors can book one-on-one meetings and register for the event. Thunderbird, headquartered in Vancouver, specializes in creating award-winning programming across various platforms.
Thunderbird Entertainment Group has granted 121,000 Restricted Share Units (RSUs) to its employees as part of its equity incentive compensation plan. The RSUs will vest in three equal installments, rewarding employees for their contributions and encouraging future performance. The settlement of each RSU will be in cash upon vesting. This initiative aligns with the company's goal of fostering employee engagement and success. Thunderbird is well-known for producing award-winning programming across platforms.
Thunderbird Entertainment Group (OTCQX: THBRF) has responded to false statements made by Voss Capital, which initiated a proxy fight to replace the entire board. The company has deferred its annual meeting to assess Voss's nominees thoroughly. Thunderbird reported a 34% revenue growth for fiscal 2022 and an 83% increase since 2020, with no debt and an EBITDA rise of 30%. Despite Voss’s claims, Thunderbird believes its strategy is delivering long-term value and that Voss lacks a concrete plan to unlock shareholder value.
Thunderbird Entertainment Group Inc. (OTCQX: THBRF) reported a revenue increase of 25% to $43.7 million for Q1 2023 compared to last year. Free cash flow grew 29% to $4.4 million. Adjusted EBITDA decreased 35% to $4.1 million, attributed to project delivery mix and scheduling. The company has 28 programs in production, a slight increase from 27 last year. Notable projects include productions for Netflix and PBS. A shareholder has also announced intentions to nominate new directors, leading to a postponement of the Annual General Meeting.
Thunderbird Entertainment Group (TSXV: TBRD, OTCQX: THBRF) has responded to Voss Capital's misleading claim regarding the support of Frank Giustra, a board member and major shareholder. Thunderbird confirms Giustra’s intention to stand for re-election at the upcoming Annual General Meeting and to vote his 12.8% shareholding in favor of the Company's director nominees. Giustra refuted Voss's assertion, stating he does not support Voss's claims. Thunderbird urges Voss to retract its untrue statements publicly.
Thunderbird Entertainment Group (TSXV: TBRD, OTCQX: THBRF) announced the postponement of its Annual General Meeting (AGM) originally set for December 6, 2022. The new AGM date is expected to be no later than March 6, 2023, as the company seeks to review a shareholder's announcement made on November 4, 2022, regarding a nomination of new directors by Voss Capital LLC. Shareholders are advised that no action is required from them at this time.
Thunderbird Entertainment Group (OTCQX:THBRF) will release its Q1 2023 earnings results on November 17, 2022, prior to the market opening. A conference call is scheduled for the same day at 11 a.m. PT / 2 p.m. ET, led by CEO Jennifer Twiner McCarron and CFO Barb Harwood, who will present financial statements and provide a corporate update. A question and answer session will follow. Participants can access the call via phone or webcast, with details available on the company's website.
Thunderbird Entertainment Group reported its fiscal 2022 results, showcasing a 34% increase in revenue to $149.0 million year-over-year. Adjusted EBITDA stood at $20.1 million, marking a 3% increase. Free cash flow reached $13.9 million with no corporate debt. Although revenue growth was driven by production services, gross margins declined due to timing of IP deliveries and increased investment in production talent. The company has 28 shows in production and will host a conference call on October 21, 2022 to discuss these results.
Thunderbird Entertainment Group (TSXV:TBRD, OTC – THBRF) announces premiere dates for 16 new and returning series on platforms like Netflix, Disney+, and Amazon Prime. The highlights include the animated series Princess Power debuting in 2023 and the scripted series Reginald the Vampire that premiered on October 5, 2022. The company has 25 additional projects in production, emphasizing its strong relationships with major media platforms and a growing demand for its diverse content. Thunderbird aims for continued growth in a competitive market.
Thunderbird Entertainment Group Inc. (TSXV:TBRD, OTCQX:THBRF) will release its fiscal year end 2022 results on October 20, 2022. A conference call will follow on October 21, 2022, at 11 a.m. PT/ 2 p.m. ET, featuring updates from CEO Jennifer Twiner McCarron and CFO Barb Harwood. Participants can join via phone or webcast. The company specializes in multiplatform production and distribution of award-winning content, including animated and scripted programming for global audiences.