RE:RE:RE:RE:Just another down day for WildLots to unpack here:
1) No, Degrassi is not making any money. HBO Max paid a one-time fee for the library. They also have the rights to future shows and they have stopped all production and announced they are not going to proceed with the show. It is trapped in limbo and Wildbrain can do nothing about it because they negotiated a bad contract. They have remained very silent on the status for a reason...it is bad news....HBO effectively killed any future for this show. Bye-bye IP.
2) Long term debt has steadily been rising. Read the financial statements rather than relying on Yahoo Finance. The LTD as reported in the FS excludes production financing. June 2021 - 390mm, Dec. 2021 - 428mm, June 2022 - 444mm, Dec 2022 - 457mm
3) Strawberry Shortcake. Show has no viewership, has never been in the top viewed, and is not getting any significant CP. The brand is on life support. Likely no season 4.
4) Insider buys only happen in November as Fine Capital provides some liquidity so the CEO can cash in his cheap RSUs, PSUs and options and dilute the hell out of the rest of the shareholders. They are the worst money manager on WS and their majority ownership in this company is holding back any real change that would create value....ncluding an acquisition.