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 (TSXV: TBRD, OTCQX: THBRF) has announced an upcoming investor webcast scheduled for December 17, 2024, at 11:00 a.m. PT/ 2:00 p.m. ET. During the presentation, CEO and Chair Jennifer Twiner McCarron and CFO Simon Bodymore will discuss key aspects of the company's business operations.
The webcast will include a formal presentation followed by an investor Q&A session. For those unable to attend live, a replay will be available on the company's investor website. Interested participants can register in advance through the provided Zoom webinar link.
Thunderbird Entertainment Group (TSXV: TBRD, OTCQX: THBRF) has received TSXV approval for a new Normal Course Issuer Bid (NCIB). Under this program, the company can purchase and cancel up to 3,190,236 common shares (10% of public float) between December 9, 2024, and December 8, 2025.
Under the existing NCIB, which expires December 6, 2024, Thunderbird has already repurchased 591,400 shares at an average price of $2.08 per share, totaling $1,229,881. The company will cease additional purchases under the existing NCIB. Purchases will be made through TSXV facilities via Cormark Securities Inc., with pricing based on market conditions.
Thunderbird Entertainment Group announced that due to an ongoing Canada Post Labour dispute, the Meeting Materials for their upcoming Annual and Special General Meeting will be held at Odyssey Trust Company. The virtual meeting is scheduled for December 12, 2024, at 9:00 am PST. Meeting Materials will not be distributed until the postal dispute resolves. Shareholders can access materials through SEDAR+ or contact Odyssey Trust Company for registered shareholders' control numbers. The voting deadline is set for December 10, 2024, at 9:00 am PST.
Thunderbird Entertainment Group has announced several equity compensation updates. The company granted 143,317 restricted share units (RSUs) to non-executive directors, vesting on December 14, 2024, and 171,606 RSUs to executive management, vesting over three years. Additionally, 400,412 performance share units (PSUs) were granted to executive management, subject to performance targets and one-year vesting. CEO Jennifer Twiner McCarron's compensation has been restructured, eliminating guaranteed bonuses in favor of performance-based incentives tied to AEBITDA targets and strategic objectives, effective July 1, 2024.
Thunderbird Entertainment Group reported strong Q1 fiscal 2025 results with significant growth across key metrics. Revenue increased 36% year-over-year to $45.7 million, while Adjusted EBITDA grew 64% to $4.1 million. The company achieved net income of $1.6 million, a $2.3 million improvement from the previous year's loss. Free Cash Flow reached $9.7 million, up $12.1 million year-over-year. The company maintains its fiscal 2025 forecast targeting 20% revenue growth and over 10% AEBITDA growth. During Q1, Thunderbird had 25 programs in various stages of production, working with 17 clients.
Thunderbird Entertainment Group (TSXV:TBRD, OTCQX:THBRF) has announced its upcoming fiscal Q1 2025 financial results release and conference call schedule. The company will release results after market close on November 20, 2024, followed by a conference call and webcast on November 21, 2024 at 11 a.m. PT/ 2 p.m. ET. CEO Jennifer Twiner McCarron will provide a business operations overview, while CFO Simon Bodymore will present financial statements, followed by a Q&A session.
Thunderbird Entertainment Group (TSXV:TBRD, OTCQX:THBRF) has engaged Independent Trading Group (ITG) to provide market making services in compliance with TSX Venture Exchange policies. The agreement includes a monthly fee of $6,000 for an initial three-month term, with the option for renewal. ITG will manage securities trading to maintain market order and enhance liquidity. The service costs will be covered by Thunderbird's general working capital, while ITG will provide the capital for market making activities. No shares or options will be issued as compensation.
Thunderbird Entertainment Group (TSXV: TBRD, OTCQX: THBRF) reported its fiscal 2024 results, exceeding guidance with a 30% increase in Adjusted EBITDA to $16.7 million. The company targets 20%+ revenue growth in FY 2025. Key financial highlights include:
- Q4 revenue increased 37% year-over-year to $51.8 million
- Annual revenue slightly declined by 1% to $165.3 million
- Q4 AEBITDA rose to $7.0 million from $0.7 million last year
- Annual AEBITDA margin improved to 10.1% from 7.7%
Thunderbird implemented cost-saving measures, delivering over $3 million in savings. The company maintains a strong balance sheet with no corporate debt. After a strategic review, the board decided to focus on executing its current business plan, including potential uplisting to the TSX.
Thunderbird Entertainment Group (TSXV:TBRD, OTC:THBRF) announced that its subsidiary, Atomic Cartoons, is producing a new animated special titled 'The Day You Begin' for PBS KIDS. The 45-minute special is based on the New York Times bestselling picture book by Jacqueline Woodson.
The story follows four kindergartners on their first day of school, highlighting their unique experiences and connections. The special aims to inspire viewers to celebrate their differences while addressing school readiness. Woodson and Dana Chan co-wrote the script, with Kristin Cummings and Jennifer Twiner McCarron serving as Executive Producers.
Thunderbird will manage global media distribution rights and plans to debut the special to international buyers at MIPjunior/MIPCOM in Cannes, France, October 19-24, 2024.
Great Pacific Media (GPM), a Thunderbird Entertainment Group company, has announced that Banijay Rights has acquired segment rights to their hit docuseries Highway Thru Hell. This deal allows Banijay Rights to license, distribute, publish, and broadcast short-form segments from the series, which is preparing for its 14th season. Banijay Rights has already launched an official Highway Thru Hell YouTube channel and is publishing segments on social media platforms, including Facebook.
The series, which debuted on Bell Media's Discovery in 2012, has produced over 200 episodes across 13 seasons and is available in 180 territories. Banijay Rights has also launched a dedicated Highway Thru Hell FAST channel in the UK and Australia. This expansion is expected to strengthen the series' brand and attract new audiences globally.