TORONTO, Jan. 25, 2022 /CNW/ - Boat Rocker (TSX:
BRMI), an independent, integrated global entertainment company,
announced today an update to its 2022 production slate.
Boat Rocker confirmed its recent scripted drama series,
American Rust, has not been renewed by Showtime for a second
season. John Young, Boat Rocker CEO
said, "although we're disappointed that the show is not going
forward at the moment, fans will be pleased to know we're actively
searching for a new home for it. This is a premium piece of
content, based on an acclaimed novel, that was hitting its stride
with viewers. We are working to find a way to continue to tell this
story."
The Company's overall slate continues to gain traction with the
recent renewal of Invasion for Apple TV+, the pick-up of a
feature documentary by HBO Sports about the Bishop Sycamore
football scandal, and pre-production on the new sci-fi series
Beacon 23, starring Lena
Headey.
John Young added, "In addition to
the range of other scripted series already announced, we have
a strong and diverse range of premium shows across genres in funded
development and being actively pitched to leading buyers. We
anticipate announcing new greenlights later in Q1 across scripted,
unscripted, and Kids & Family, setting us up well for a
busy and productive 2022."
Considering the current pipeline and overall diversification of
the business, the Company continues to expect improved Adjusted
EBITDA margin performance in 2022 vs. 2021, consistent with the
previous guidance contained in the Company's March 2021 final prospectus. Management remains
focused on Adjusted EBITDA as it believes this metric, rather than
revenue, is the most important measure of the Company's
performance. The Company expects to provide a further update on its
production slate and its 2022 outlook when it releases its year end
results in March 2022.
About Boat Rocker
Boat Rocker (TSX: BRMI) is the home for creative visionaries. An
independent, integrated global entertainment company, Boat
Rocker's purpose is to tell stories and build iconic brands across
all genres and mediums. With offices around the world, Boat
Rocker's creative and commercial capabilities include Scripted,
Unscripted, and Kids & Family television production,
distribution, brand & franchise management, a world-class
animation studio, and talent management through Untitled
Entertainment. A selection of Boat Rocker's projects include:
Invasion (Apple TV+), Orphan Black (BBC AMERICA, CTV
Sci-Fi Channel), Dear… (Apple TV+), Billie Eilish: The
World's a Little Blurry (Apple TV+), The Next Step (BBC,
Family Channel, CBC), Daniel Spellbound (Netflix), and
Dino Ranch (Disney+, Disney
Junior, CBC). For more information, please visit
www.boatrocker.com.
Forward-Looking Statements and Risks
This press release may contain forward-looking information
within the meaning of applicable securities laws, which reflects
the Company's current expectations regarding future events.
Forward-looking information is based on a number of assumptions
many of which are beyond the Company's control. Such assumptions
include, but are not limited to, the factors discussed under
"Outlook" in the Company's March 2021
final prospectus. Forward-looking information is also subject to a
number of specific and general risks. A comprehensive summary of
the risks and uncertainties that may affect the business of the
Company is set out in the Company's Annual Information Form dated
March 31, 2021 and in the Company's
annual MD&A of the same date (as updated in subsequent
MD&As). The risks and uncertainties described therein are not
the only ones Boat Rocker faces. Additional risks and uncertainties
not presently known to the Company or that it currently believes to
be immaterial may also materially adversely affect the Company's
business, assets, liabilities, financial condition, results of
operations, prospects, cash flows and the value of future trading
price of the Subordinate Voting Shares. Boat Rocker does not
undertake any obligation to update forward-looking information,
whether as a result of new information, future events or otherwise,
except as expressly required under applicable securities laws.
SOURCE Boat Rocker Media Inc.
