Boat Rocker Media Inc BRMIF

Primary Symbol: T.BRMI

Consumer Cyclical Media - Diversified

Boat Rocker Media Inc. is a Canada-based independent, integrated global entertainment company. The Company creates and produces television and film content across many genres, distributes content worldwide, and represents third party intellectual property (IP) owners. The Company operates through two segments: Television, and Kids and Family. The Television segment is engaged in the creation, production and distribution of scripted and unscripted television content. The Television segment operates under the brands, including Boat Rocker Studios, Scripted, Proper Productions, Insight Productions, and Matador Content. The Kids and Family segment is engaged in the creation, production and distribution of primarily scripted television content aimed at the kids and family demographic. The Kids and Family segment includes the Company’s Kids and Family studio, the Jam Filled Entertainment animation studio, and the consumer products business.

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Boat Rocker Media Inc > BOAT ROCKER SELLS MAJORITY STAKE IN UNTITLED ENTERTAINMENT

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Post by Betteryear2on Jun 28, 2024 9:18am

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Post# 36110452

BOAT ROCKER SELLS MAJORITY STAKE IN UNTITLED ENTERTAINMENT

Boat Rocker to Receive 8.8% in TPG's New Talent Management and Representation Company

Boat Rocker Provides Updated 2024 Outlook

Management to Host a Call at 11 am ET

All figures in Canadian Dollars unless otherwise stated

TORONTO, June 28, 2024 /CNW/ - Boat Rocker Media Inc. ("Boat Rocker") (TSX: BRMI), an independent, integrated global entertainment company, today announced that it has sold its stake in talent management company Untitled Entertainment LLC ("Untitled") to TPG (NASDAQ: TPG) for proceeds comprised of cash in the amount of approximately $51.6 million CAD1 and 8.8%2 of the outstanding common equity in TPG's new talent management company ("the Company") ("the Transaction").

BOAT ROCKER SELLS MAJORITY STAKE IN UNTITLED ENTERTAINMENT TO LEADING GLOBAL ALTERNATIVE ASSET MANAGER TPG (newswire.ca)