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Thunderbird Entmt Group Inc (THBRF) delivers innovative entertainment solutions through film production, digital content distribution, and strategic licensing agreements. This news hub provides investors and industry professionals with essential updates about the company's operations and market position.
Access official press releases and curated news coverage spanning key business areas including film production milestones, content licensing deals, and digital distribution partnerships. Our repository consolidates financial disclosures, strategic initiative announcements, and operational updates to support informed decision-making.
Regular updates cover earnings reports, executive leadership changes, and intellectual property developments within the competitive entertainment sector. Bookmark this page for streamlined access to THBRF's latest corporate communications and media coverage, carefully curated to reflect the company's evolving role in global content creation and distribution.
Thunderbird Entertainment Group (TSXV: TBRD, OTCQX: THBRF) released its fiscal Q3 2024 results, showcasing significant improvements in key financial metrics. Free Cash Flow increased to $13.4 million from $(15.8) million year-over-year, an astounding 185% rise. Net income reached $0.01 million, reversing a $2.3 million loss in the prior year. However, revenue declined to $35.4 million from $37.3 million, a 5% drop.
AEBITDA also decreased from $3.7 million to $3.3 million due to reduced IP deliveries. The company implemented cost reductions, achieving cumulative savings of over $3 million for fiscal 2024. Thunderbird expects Q4 to be the strongest quarter, with a 20% AEBITDA growth anticipated for fiscal 2024. New animation projects will add 30% more revenue in fiscals 2025 and 2026.
Thunderbird also repurchased 591,400 shares for $1.2 million under its Normal Course Issuer Bid. The company was involved in 22 productions, including high-profile projects for Netflix and Disney, and announced new series and distribution deals.
Thunderbird Entertainment, in collaboration with tokidoki, is expanding the reach of its new animated series, Mermicorno: Starfall. Platform partnerships have been established with Warner Bros. Discovery's Max (U.S. and LATAM), Cartoon Network (LATAM and Southeast Asia), POP (UK), and Corus Entertainment (Canada). The first season will feature 26 episodes, each 22 minutes long, launching on Corus platforms in early 2025. Nelvana will represent Mermicorno: Starfall's licensing in Canada, excluding toys and publishing. This series, inspired by tokidoki’s Mermicorno characters, targets children aged 5-9 and is currently in production at Atomic's Ottawa studio.
Thunderbird Entertainment Group Inc. announced their fiscal 2024 Q3 results will be released on May 23, 2024, followed by a conference call and webcast. CEO Jennifer Twiner McCarron will provide business operations overview, CFO Simon Bodymore will present financial statements. Investors can pre-register for the call and join via webcast or phone.
Thunderbird Entertainment Group Inc. announced updates in its senior management team, with Matthew Berkowitz leaving his role as President and CCO. The responsibilities will be divided among Aaron Behl, Kristin Cummings, and Hillary Zwick Turner. Jennifer Twiner McCarron will oversee the team along with CFO Simon Bodymore and Richard Goldsmith. David Way and Lindsay Macadam have been appointed to CEO and President roles at Great Pacific Media. Thunderbird looks forward to continued growth and success.
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