Bullboard - Stock Discussion Forum Boat Rocker Media Inc T.BRMI

Alternate Symbol(s): BRMIF

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... see more

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

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Post by Betteryear2 on Jun 28, 2024 9:18am

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)

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Comment by Possibleidiot01 on Jun 28, 2024 9:27am

Double the current market cap.

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Comment by Possibleidiot01 on Nov 20, 2024 5:49pm

The problem with selling the majority stake is it leaves you with declining revenue. It does leave you with a lot of cash but how view the company comes down to whether they can employ that money in a good way.

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