Latest news with #BlueAnt
CNET
5 days ago
- Business
- CNET
Last Chance Memorial Day Deal: Enjoy Better Sound With This BlueAnt Soundbar for Under $100
Sound can make or break your entertainment setup. While most monitors and TVs offer decent audio quality, it can fall short while listening to music or gaming. If you have been eyeing an upgrade, a good soundbar might be the solution, and right now, you can snag one for less than half the price. As a part of its extended Memorial Day sale, Amazon is currently offering the BlueAnt under-monitor soundbar for just $95 -- that's a solid $105 off its usual price tag of $200. Just note that the holiday weekend came to an end yesterday, which means this deal might not last much longer. If you have been wanting to get your hands on one, this is your last chance to enjoy this steep discount before prices hopefully drop again in July during Prime Day. For under $100, you get a sleek soundbar designed to complement any desktop setup without being too bulky or overbearing. Inside this low-profile package sits an 80mm neodymium subwoofer, dual neodymium drivers, dual voice coils, and single cone racetrack drivers -- all of which ensure impressive output without any distortion. You will enjoy 120 watts of deep, rich bass and clear sound, regardless of the tracks playing. This is especially great for gamers looking for a more immersive experience without needing to wear headphones every single round. Hey, did you know? CNET Deals texts are free, easy and save you money. It also features multiple connectivity options (USB-C, Bluetooth, 3.5mm input, etc) and is compatible with PCs, PS4, PS5, MacBooks, tablets and more. You can pick between several color options, though some are selling out. Why this deal matters Memorial Day sales are a great time to save on some tech essentials. This deal takes a whopping 53% off a high-quality, sleek soundbar ideal for anyone who values high-quality audio, from gamers to movie enthusiasts, without sacrificing desk space. Just make sure to act fast; this deal is likely to end tonight.
Yahoo
15-05-2025
- Business
- Yahoo
Boat Rocker Media Reports First Quarter 2025 Financial Results
TORONTO, May 15, 2025 /CNW/ - Boat Rocker Media Inc. ("Boat Rocker" or the "Company" or "BRMI") (TSX: BRMI), an independent, integrated global entertainment company, today reported its financial results for the three months ended March 31, 2025 ("first quarter" or "Q1"). The Company's consolidated financial statements and accompanying notes and Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2025 and 2024 are available under the Company's profile on SEDAR+ ( All dollar amounts are expressed in Canadian currency, unless otherwise noted. Certain metrics, including those expressed on an adjusted basis, are non-IFRS measures (see "Non-IFRS Measures" below). Financial Highlights On March 24, 2025, the Company announced that it had entered into definitive agreements in respect of the Transaction (as defined below). As a result of the terms of the Transaction, the net assets of Boat Rocker Studios ("BRS") have been separately presented as held for sale as at March 31, 2025 and financial performance has been presented in the Company's interim financial statements as discontinued operations. In Q1 2025 the Company recorded a $119.7 million impairment expense in net loss from discontinued operations related to the BRS assets held for sale as a result of the Transaction. Q1 2025 revenue from continuing operations of $34.2 million versus $27.7 million in the prior year period. Q1 2025 Adjusted EBITDA1 from continuing operations of $45,000 versus Adjusted EBTDA loss of $116,000 in the prior year period. Q1 2025 net loss from continuing operations of $4.8 million versus a net loss of $3.4 million in the prior year period. ________________________________ 1 Adjusted EBITDA is a Non-IFRS measure. For more information on non-IFRS financial measures, see "Non-IFRS Measures" and "Reconciliation of Non-IFRS Measures" in the MD&A dated May 15, 2025 for the three months ended March 31, 2025 available under the Company's profile on SEDAR+ ( Statement from Boat Rocker Media CEO John Young "With the recent publication of an information circular in connection with the reverse takeover by Blue Ant and management buyout transactions, we are moving closer to a new chapter for BRMI shareholders. We thank shareholders for their support over the years and the Company looks forward to forging a new path with Blue Ant." PROPOSED REVERSE TAKEOVER BY BLUE ANT MEDIA INC. AND MANAGEMENT BUYOUT On March 24, 2025, the Company announced that it had entered into definitive agreements with Blue Ant Media Inc. ("Blue Ant") pursuant to which Blue Ant, a privately owned company controlled by Michael MacMillan, will go-public via reverse take-over (the "RTO") of the Company, and the Company will concurrently sell Boat Rocker Studios to a privately owned company controlled by the Company's Co-Founders and Co-Executive Chairmen, David Fortier and Ivan Schneeberg, and BRMI CEO John Young ("IDJCo") (the "Management Buyout"). Additionally, the Company entered into an agreement with Fairfax Financial Holdings Limited ("Fairfax") to sell its minority investment in a U.S. talent management business to Fairfax (collectively, with the RTO and the Management Buyout, the "Transaction.") As part of the Transaction, Blue Ant as the resulting issuer (the "Resulting Issuer") will retain the businesses currently conducted by the Insight Productions, Proper Television and Jam Filled Entertainment divisions of BRMI (the "Retained Business"), as well as BRMI's public company status. The three transactions that encompass the Transaction are all cross-conditional. If BRMI Shareholders vote in favour of some of the resolutions and against others such that one of the resolutions does not meet the required majority, the Transaction is unlikely to proceed. The board of directors of BRMI (the "Board"), acting on the unanimous recommendation of a special committee comprised solely of the independent directors of BRMI (the "Special Committee"), and with interested directors abstaining, unanimously supports the Transaction. The Board believes that the Transaction is in the best interests of the Company and BRMI Shareholders (other than the IDJ Principals, Fairfax and their respective affiliates) (collectively the "Minority Shareholders") and is fair to the Minority Shareholders. Statement from Sangeeta Desai, Chair of the Special Committee, and Lead Independent Director of BRMI: "The Transaction is expected to offer significant value creation potential for BRMI shareholders in a global media company with an experienced management team, stronger balance sheet and enhanced scale. The Transaction is also an attractive option relative to alternatives, including the Company operating in the current challenging market. Finally, the Transaction is expected to provide an enhanced valuation of the Resulting Issuer. Based upon an independent formal valuation prepared by Scotiabank, the fair market value of the shares of the Resulting Issuer2 was in the range of $1.50 to $1.91 per share. The Board, upon the unanimous recommendation of the Special Committee, strongly supports the Transaction and encourages shareholders to vote in favour of the various Transaction resolutions." In the event the Transaction does not close (and there can be no assurance that the Transaction will be completed), the Company expects that continuing macroeconomic challenges will be significant factors in its 2025 results, which management expects to weaken as compared to 2024. The Special Meeting of Shareholders is to be held on June 17, 2025, at 10:00 a.m. (Toronto time) at the offices of Stikeman Elliott LLP, 5300 Commerce Court West, 199 Bay Street, Toronto, Ontario, M5L 1B5, Canada. Shareholders are encouraged to vote well in advance of the proxy cut-off time of 10:00 a.m. (Toronto time) on June 13, 2025. ________________________________ 2As at March 23, 2025. Forward-Looking Statements 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 in the Company's MD&A for the three months ended March 31, 2025 and the Company's annual MD&A for the year ended December 31, 2024. 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 for the year ended December 31, 2024. 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 and future trading price of the subordinate voting shares. In addition, there can be no assurance that the Transaction will be completed or that the Resulting Issuer will be successful. 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. View original content:
Cision Canada
15-05-2025
- Business
- Cision Canada
Boat Rocker Media Reports First Quarter 2025 Financial Results
TORONTO, May 15, 2025 /CNW/ - Boat Rocker Media Inc. ("Boat Rocker" or the "Company" or "BRMI") (TSX: BRMI), an independent, integrated global entertainment company, today reported its financial results for the three months ended March 31, 2025 ("first quarter" or "Q1"). The Company's consolidated financial statements and accompanying notes and Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2025 and 2024 are available under the Company's profile on SEDAR+ ( All dollar amounts are expressed in Canadian currency, unless otherwise noted. Certain metrics, including those expressed on an adjusted basis, are non-IFRS measures (see "Non-IFRS Measures" below). Financial Highlights On March 24, 2025, the Company announced that it had entered into definitive agreements in respect of the Transaction (as defined below). As a result of the terms of the Transaction, the net assets of Boat Rocker Studios ("BRS") have been separately presented as held for sale as at March 31, 2025 and financial performance has been presented in the Company's interim financial statements as discontinued operations. In Q1 2025 the Company recorded a $119.7 million impairment expense in net loss from discontinued operations related to the BRS assets held for sale as a result of the Transaction. Q1 2025 revenue from continuing operations of $34.2 million versus $27.7 million in the prior year period. Q1 2025 Adjusted EBITDA 1 from continuing operations of $45,000 versus Adjusted EBTDA loss of $116,000 in the prior year period. Q1 2025 net loss from continuing operations of $4.8 million versus a net loss of $3.4 million in the prior year period. ________________________________ 1 Adjusted EBITDA is a Non-IFRS measure. For more information on non-IFRS financial measures, see "Non-IFRS Measures" and "Reconciliation of Non-IFRS Measures" in the MD&A dated May 15, 2025 for the three months ended March 31, 2025 available under the Company's profile on SEDAR+ ( Statement from Boat Rocker Media CEO John Young "With the recent publication of an information circular in connection with the reverse takeover by Blue Ant and management buyout transactions, we are moving closer to a new chapter for BRMI shareholders. We thank shareholders for their support over the years and the Company looks forward to forging a new path with Blue Ant." PROPOSED REVERSE TAKEOVER BY BLUE ANT MEDIA INC. AND MANAGEMENT BUYOUT On March 24, 2025, the Company announced that it had entered into definitive agreements with Blue Ant Media Inc. ("Blue Ant") pursuant to which Blue Ant, a privately owned company controlled by Michael MacMillan, will go-public via reverse take-over (the "RTO") of the Company, and the Company will concurrently sell Boat Rocker Studios to a privately owned company controlled by the Company's Co-Founders and Co-Executive Chairmen, David Fortier and Ivan Schneeberg, and BRMI CEO John Young ("IDJCo") (the "Management Buyout"). Additionally, the Company entered into an agreement with Fairfax Financial Holdings Limited ("Fairfax") to sell its minority investment in a U.S. talent management business to Fairfax (collectively, with the RTO and the Management Buyout, the "Transaction.") As part of the Transaction, Blue Ant as the resulting issuer (the "Resulting Issuer") will retain the businesses currently conducted by the Insight Productions, Proper Television and Jam Filled Entertainment divisions of BRMI (the "Retained Business"), as well as BRMI's public company status. The three transactions that encompass the Transaction are all cross-conditional. If BRMI Shareholders vote in favour of some of the resolutions and against others such that one of the resolutions does not meet the required majority, the Transaction is unlikely to proceed. The board of directors of BRMI (the "Board"), acting on the unanimous recommendation of a special committee comprised solely of the independent directors of BRMI (the "Special Committee"), and with interested directors abstaining, unanimously supports the Transaction. The Board believes that the Transaction is in the best interests of the Company and BRMI Shareholders (other than the IDJ Principals, Fairfax and their respective affiliates) (collectively the "Minority Shareholders") and is fair to the Minority Shareholders. Statement from Sangeeta Desai, Chair of the Special Committee, and Lead Independent Director of BRMI: "The Transaction is expected to offer significant value creation potential for BRMI shareholders in a global media company with an experienced management team, stronger balance sheet and enhanced scale. The Transaction is also an attractive option relative to alternatives, including the Company operating in the current challenging market. Finally, the Transaction is expected to provide an enhanced valuation of the Resulting Issuer. Based upon an independent formal valuation prepared by Scotiabank, the fair market value of the shares of the Resulting Issuer 2 was in the range of $1.50 to $1.91 per share. The Board, upon the unanimous recommendation of the Special Committee, strongly supports the Transaction and encourages shareholders to vote in favour of the various Transaction resolutions." In the event the Transaction does not close (and there can be no assurance that the Transaction will be completed), the Company expects that continuing macroeconomic challenges will be significant factors in its 2025 results, which management expects to weaken as compared to 2024. The Special Meeting of Shareholders is to be held on June 17, 2025, at 10:00 a.m. (Toronto time) at the offices of Stikeman Elliott LLP, 5300 Commerce Court West, 199 Bay Street, Toronto, Ontario, M5L 1B5, Canada. Shareholders are encouraged to vote well in advance of the proxy cut-off time of 10:00 a.m. (Toronto time) on June 13, 2025. ________________________________ 2 As at March 23, 2025. Forward-Looking Statements 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 in the Company's MD&A for the three months ended March 31, 2025 and the Company's annual MD&A for the year ended December 31, 2024. 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 for the year ended December 31, 2024. 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 and future trading price of the subordinate voting shares. In addition, there can be no assurance that the Transaction will be completed or that the Resulting Issuer will be successful. 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.
Yahoo
24-03-2025
- Business
- Yahoo
Blue Ant Media Going Public Through Reverse Takeover Of Boat Rocker Media
Canada's Blue Ant Media will go public after completing a deal for listed compatriot Boat Rocker Media. The agreement will see the Michael MacMillan-owned Blue Ant listing on the Toronto Stock Exchange through a reverse takeover of Boat Rocker, whose management is concurrently buying out its studios business. More from Deadline Mike Myers Joins Canadian Election Campaign & New PM With True North & "Elbows Up" Battle Cry Against Trump Jason Priestley & Cindy Sampson Reprise Roles In 'Private Eyes' Spinoff 'American Pie' Actress Jasmine Mooney Describes "Deeply Disturbing" 12-Day Detention At I.C.E. Facilities Boat Rocker, which makes the likes of The Great Canadian Baking Show, is already listed on the TSX, and the agreement will see it acquiring all outstanding shares in Blue Ant in exchange for subordinate voting shares in the resulting business. Once the deal closes, the company will be renamed Blue Ant Media Corporation and, subject to regulatory approval, begin trading on the TSX, with Blue Ant shareholders owning about 73.5% of the company and Boat Rocker shareholders taking the rest. MacMillan, who founded Blue Ant, will be the CEO, with Brad Martin the chairman. The reverse takeover – in which a privately-owned company buys a listed one – allows the acquirer to list on the stock market without holding a traditional IPO. The deal, based on a share price of C$2.25 per Blue Ant share, is a 125% premium on Boat Rocker's closing price on Friday. Also part of the agreement, Blue Ant will inherit three Boat Rocker producers in Canada – Insight Productions, Jam Filled Entertainment, and Proper Television, which collectively delivered C$118M in revenue in 2024, based on unaudited results. Blue Ant is headquartered in Toronto, and has offices Los Angeles, New York, Washington, London, Sydney, and Singapore. It generated C$196M in revenues in the fiscal year ending August 31, 2024, a 16% increase year-over-year, and made C$18M in net income. The new-look Blue Ant will receive C$25.5M as a minimum cash balance and working capital, around $11.6M from The Initial Group's ownership of Boat Rocker and several other financial guarantees. Fairfax Financial Holdings, a Blue Ant shareholder, has agreed to support the offering through a C$20M backstop commitment, which would reduce the ownership stakes of Blue Ant and Boat Rocker shareholders if completed. It will also buy Boat Rocker's minority interest in The Initial Group for around C$17M. 'This is an opportunistic moment for Blue Ant to go public, paving the way for long-term value creation,' said MacMillan. 'We are confident that this transaction will unlock significant value for all shareholders. Through the combination of our public listing, a strengthened balance sheet, and significant net cash post-transaction, we believe that we are strategically positioned for profitable global growth, both organically and through M&A.' Best of Deadline How To Watch 'Wicked: Part One': Is The Film Streaming Yet? All The Songs In 'Severance' Season 2: From The Who To Ella Fitzgerald 2025 TV Series Renewals: Photo Gallery Sign in to access your portfolio
Yahoo
24-02-2025
- Entertainment
- Yahoo
From ‘The Real Mo Farah' to ‘The Dawn Wall,' Blue Ant Studios Adds Standout Red Bull Studios Titles
Blue Ant Studios has struck an exclusive worldwide distribution rights deal to select series and films from Austria's Red Bull Studios as Blue Ant drives ever more into third-party content. The titles will be presented to buyers at a Blue Ant Studios' showcase on Feb. 27 at this week's London TV Screenings. More from Variety 'The X-Files' Writer Frank Spotnitz Returns to Sci-Fi With Newen Connect's 'We Come in Peace': 'It's Compelling, Thought-Provoking and Deeply Human' (EXCLUSIVE) London TV Screenings 2025: 20+ Shows That Should Be on Your Radar Fremantle Brings 'Costiera,' Epic Adventure 'Sandokan' to London TV Screenings: 'It's 'Poldark' Meets 'Pirates of the Caribbean' Primarily doc features ranging over 60-120 minutes, plus docuseries 'Compton Magic' from Lightbox, the Red Bull titles amp up Blue Ant's offer of top-tier sports and adventure documentaries joining its library of over 7,500 hours of programming. Acquisitions take in some of the highest-caliber last decade titles from Red Bull Studios, the content division of the energy drink brand Red Bull. Among standouts are 'Anna Gasser: The Spark Within' (2021), a portrait of what drives the two-time Big air Olympic gold medalist, a gymnast turned skateboarder who took sport to a new technical level, pioneering the triple cork; and 'The Dawn Wall' (2017), the record of a milestone in big wall free climbing, when in 2015 Tommy Caldwell and Kevin Jorgeson ascended the towering buttress of El Capitan in Yosemite. The film was rave reviewed by Variety as 'a high-strung daredevil movie that has a chance to speak to audiences …cannily crafted and spirited and compelling.' Also now acquired by Blue Ant Studios, offering titles a new distribution platform, is 'The Real Mo Farah,' produced by The Atomized Studios, in which the famed track athlete's opens up about having been trafficked to the U.K. as a child. The feature was hailed as a 'beautiful, heartbreaking story' by The Guardian. The deal takes in, moreover, 'The Moment: How Sports Changed the World,' made with 1895 Films, about how South Africa's victory in the 1995 World Cup inspired a nation and real change in the racial makeup of the Springboks, South Africa's national team. Other titles are 'Born to Fly,' produced by Robi Creative, BCII Production & Backflip Media; 'The Longest Wave' from Radical Media; 'La Liste: Everything or Nothing,' made by Sherpas Cinema, and Blackbeard's 'Riders on the Storm.' 'We are thrilled to expand our offering with Red Bull Studios' exceptional content. Their unparalleled ability to tell compelling, high-stakes stories in sports and adventure aligns perfectly with our vision of offering premium, impactful programming to audiences worldwide,' said Lilla Hurst, global head of acquisitions and content strategy, Blue Ant Studios, who brokered the deal. 'Many of our films have resonated with audiences in many countries, and with Blue Ant, we have the ideal partner to amplify their reach– ensuring they continue to inspire and find new audiences,' added Sebastian Burkhardt, head of partnerships and commercial strategy at Redbull Studios. Best of Variety New Movies Out Now in Theaters: What to See This Week Grammy Predictions, From Beyoncé to Kendrick Lamar: Who Will Win? Who Should Win? What's Coming to Netflix in February 2025
