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 has celebrated its unscripted division, Great Pacific Media (GPM), being named to Realscreen’s Global 200 list for the 11th consecutive year. This recognition reflects GPM's excellence in non-fiction content, determined by industry inputs from broadcast and streaming executives. In 2022, GPM launched six new projects, amounting to 126 hours of programming, and its shows aired in over 170 countries. Key productions included the successful series Deadman’s Curse and Highway Thru Hell, highlighting the company's commitment to storytelling across diverse genres. GPM continues to focus on creating exceptional content, further expanding its global reach.
Thunderbird Entertainment Group has appointed Hillary Zwick Turner as the new SVP, Scripted Content, signaling a strategic expansion into live-action scripted content globally. Turner, a former executive at Netflix, where she oversaw productions like Cobra Kai and Mighty Morphin Power Rangers: Once & Always, will report to Matthew Berkowitz.
The company aims to leverage Turner's expertise to identify top creators and develop premium content in the YA and family live-action genres. Thunderbird is currently actively producing Reginald the Vampire, Kim's Convenience spin-off Strays, and the film adaptation of Boot Camp.
This appointment aligns with Thunderbird's goal to enhance its scripted content portfolio alongside its animation and unscripted divisions, marking a pivotal moment in the company's growth strategy.
Thunderbird Entertainment Group (OTCQX: THBRF) has appointed Lisa Coulman as an independent member of its Board of Directors, effective immediately. With extensive experience in technology, entertainment, and retail, Ms. Coulman currently serves as CFO at Nobul Technologies, which has raised over $40 million in private capital. Her appointment is expected to enhance Thunderbird's financial and operational capabilities. Ms. Coulman will also chair the audit committee, and her addition brings greater gender diversity to the board, which is now 57% female. Thunderbirds granted her 40,000 stock options at $3.54 per share.
On March 6, 2023, at its annual general and special meeting, Thunderbird Entertainment Group (TSXV:TBRD, OTCQX:THBRF) announced that shareholders approved all proposed resolutions. Key voting results included the election of directors with high approval percentages: Jennifer Twiner McCarron (98.17%), Asha Daniere (99.48%), and others. The board size was fixed at six members, and both the Stock Option Plan and Equity Compensation Plan received reapproval with over 99% votes in favor. Additionally, PricewaterhouseCoopers LLP was appointed as auditor. The company granted options for 80,000 common shares at an exercise price of $3.40 per share.
Thunderbird Entertainment Group reported a significant Q2 2023 revenue increase of $15 million (45%) to $48 million compared to the previous year. Revenue for six months rose $23.7 million (35%) to $91.7 million.
However, free cash flow decreased by 52% to $7.8 million, and Adjusted EBITDA fell 14% to $4.3 million. The company faced delays in production, shifting expected income to future fiscal years. Despite this, Thunderbird remains optimistic about long-term growth, driven by ongoing investments and a robust pipeline of upcoming productions.
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Thunderbird Entertainment Group Inc. (OTCQX:THBRF) will announce its Q2 2023 earnings results on February 23, 2023, before market opening. A conference call is scheduled for the same day at 11 a.m. PT / 2 p.m. ET, hosted 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. The call and webcast will be available for replay on Thunderbird's website.
Thunderbird Entertainment Group (TSXV: TBRD, OTCQX: THBRF) will hold its annual general and special meeting of shareholders on March 6, 2023 in Vancouver. The date complies with British Columbia regulations. A management information circular detailing assertions by Voss Capital LLC will be filed and mailed to shareholders, who need not take any action in the meantime. The Circular will be available at www.sedar.com.
Thunderbird Entertainment Group (TSXV: TBRD, OTCQX: THBRF) addressed a proxy fight initiated by Texas-based Voss Capital, emphasizing its commitment to shareholder value and avoiding a costly dispute. The company highlighted a 25% revenue increase in Q1 and 83% growth from fiscal 2020 to 2022, alongside a 30% rise in adjusted EBITDA. Thunderbird remains profitable and cash flow positive, countering Voss's claims of inadequate value creation. Additionally, it noted the challenging equity market and potential obstacles in engaging foreign bidders due to Canadian cultural approval requirements.
Thunderbird Entertainment Group Inc. (TSXV: TBRD, OTCQX: THBRF) will host a webcast investor presentation on December 14, 2022, at 2:00 p.m. EST. CEO Jennifer Twiner McCarron and CFO Barb Harwood will present the company's key business areas, followed by a Q&A session. Investors can register for the event in advance or access it via telephone. A replay will be available on the company’s website for those unable to attend live. Thunderbird is known for producing award-winning content across multiple platforms, including series like The Last Kids on Earth and Molly of Denali.