Thunderbird Entertainment Group Inc. (TSXV: TBRD, OTCQX:
THBRF) (“Thunderbird” or the “Company”), a global
award-winning, full-service multiplatform production, distribution
and rights management company, today announced that it has engaged
ACF Investment Bank (“ACF”) as part of the Company’s
strategic review process of assessing all opportunities to maximize
shareholder value.
“Thunderbird has fantastic growth ahead of us and we want to
continue building on this tremendous momentum,” said Jennifer
Twiner McCarron, CEO and Chair of Thunderbird’s board of directors
(the “Board”). “Our mission at Thunderbird is to become the
next major global studio and working with ACF allows us to
strategically review all options for growth and evaluate any
inbound expressions of interest received by the Company.”
ACF is a global investment bank in the media and entertainment
sector, having structured and led some of the most innovative deals
in the industry, such as, the securitization of Syco
Entertainment’s GOT Talent Franchise, the sale of The Lord of The
Rings and The Hobbit Intellectual Property to Embracer Group,
Shamrock Capital’s investment into Boardwalk Pictures, the sale of
Critical Content to SK Global, the sale of Charlie Brooker and
Annabel Jones company, Broke & Bones to Netflix, the sale of
Bear Grylls Ventures to Banijay, and Plimsoll Productions
investment from Private Equity firm, Lloyds Development Capital.
ACF is a leading, global mergers and acquisitions advisor in the
Media and Entertainment industry and has completed more than 100
deals in this sector with a total deal value of more than $6
billion. ACF specializes in selling, buying, fundraising,
securitization, and pre/post deal services for brands and
businesses in media and entertainment.
“Canada’s benevolent environment, creative content and
production values are strategically attractive for expanding TV
Production groups and there has been an increased focus on Canadian
content following the success of numerous new shows that have won
multiple awards in recent years. Thunderbird is one of the leading
players in this market and is an award-winning producer with an
exceptional portfolio of productions, team and talent. The
Company’s growth has put it in an incredibly strong market
position, and we look forward to working with Jennifer and the team
to assist with the next phase of the Company’s growth,” says
Richard Gray, Managing Director, ACF Investment Bank.
Pursuant to the Cooperation Agreement between Thunderbird and
Voss Capital, LLC, which is detailed in the Company’s January 19,
2023 news release, Thunderbird committed to forming an advisory
committee of the Board to assess the Company’s capital allocation
strategy and evaluate all opportunities to maximize value creation.
Working with ACF maintains alignment with the Cooperation
Agreement, while providing the Company with an important next step
in support of its growth trajectory.
ABOUT THUNDERBIRD ENTERTAINMENT GROUP
Thunderbird Entertainment Group is a global award-winning,
full-service multiplatform production, distribution and rights
management company, headquartered in Vancouver, with additional
offices in Los Angeles, Toronto, and Ottawa. Thunderbird creates
award-winning scripted, unscripted, and animated programming for
the world’s leading digital platforms, as well as Canadian and
international broadcasters. Thunderbird’s vision is to produce high
quality, socially responsible content that makes the world a better
place. The Company develops, produces, and distributes animated,
factual, and scripted content through its various content arms,
including Thunderbird Kids and Family (Atomic Cartoons),
Thunderbird Unscripted (Great Pacific Media), formerly known as
Thunderbird Factual, and Thunderbird Scripted. Productions under
the Thunderbird umbrella include The Last Kids on Earth, Molly of
Denali, Highway Thru Hell and Kim’s Convenience, among others. The
Company also has a team dedicated to global distribution and
consumer products. Thunderbird is on Facebook, Twitter, and
Instagram at @tbirdent. For more information, visit:
www.thunderbird.tv.
Neither the TSX-V nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX-V) accepts responsibility for the adequacy or accuracy of this
release, which has been prepared by management.
Cautionary Statement Regarding Forward-Looking
Information
Thunderbird’s public communications may include written or oral
“forward-looking statements” and “forward-looking information” as
defined under applicable Canadian securities legislation. All such
statements may not be based on historical facts that relate to the
Company’s current expectations and views of future events and are
made pursuant to the “safe harbour” provisions of applicable
securities laws.
Forward-looking statements or information may be identified by
words such as “anticipate”, “continue”, “estimate”, “expect”,
“forecast”, “may”, “will”, “plan”, “project”, “should”, “believe”,
“intend”, or similar expressions concerning matters that are not
historical facts. Forward-looking statements in this document
include, but are not limited to, statements with respect to the
term of ACF’s engagement; the Company’s belief that it has
fantastic growth ahead of it; the intention to continue building on
Thunderbird’s tremendous momentum with respect to growth;
Thunderbird’s mission to become the next major global studio;
increasing shareholder value by working with ACF; the expectation
that recommendations from the advisory committee of the Board and
ACF will be presented to the Board at the end of the ACF’s
engagement term; and Thunderbird’s vision to produce high quality,
socially responsible content that makes the world a better place.
Forward-looking statements are necessarily based on a number of
estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties and other factors
which may cause actual results and future events to differ
materially from those expressed or implied by such forward-looking
statements. Such factors include, but are not limited to: general
business, economic and social uncertainties; litigation,
legislative, environmental and other judicial, regulatory,
political and competitive developments; product capability and
acceptance; international risk and currency exchange rates; and
technology changes. An assessment of these risks that could cause
actual results to materially differ from current expectations is
contained in the “Risks and Uncertainty” section of December 31,
2022 MD&A. The foregoing is not an exhaustive list. Additional
risks and uncertainties not presently known to Thunderbird or that
management believes to be less significant may also adversely
affect the Company.
The forward-looking statements or information contained in this
document represent our views as of the date hereof and as such
information should not be relied upon as representing our views as
of any date subsequent to the date of this document. The Company
undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of
new information, future events or otherwise, unless so required by
applicable securities laws. Accordingly, readers are cautioned not
to place undue reliance on forward-looking statements or
information.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230515005753/en/
Investor Relations: Glen Akselrod, Bristol Capital Phone:
+ 1 905 326 1888 ext 1 Email: glen@bristolir.com
Media Relations: Lana Castleman, Director, Marketing
& Communications Phone: 416-219-3769 Email:
lcastleman@thunderbird.tv
Corporate Communications Julia Smith, Finch Media Email:
Julia@finchmedia.net
ACF Investment Bank Media: Paula Murrell, Director,
Marketing & PR Phone: 424 332 0450 Email:
paula.murrell@acfib.com
Thunderbird Entertainment (TSXV:TBRD)
Historical Stock Chart
From Sep 2024 to Oct 2024
Thunderbird Entertainment (TSXV:TBRD)
Historical Stock Chart
From Oct 2023 to Oct 2024