Latest news with #BlueAnt
Cision Canada
11-08-2025
- Business
- Cision Canada
Blue Ant Media Announces Third Quarter Fiscal 2025 Results
Adjusted EBITDA 1 increases 31% driven by strong growth in Global Channels & Streaming Significant increase in Connected TV (CTV) advertising sales reflecting strong operational execution to capitalize on industry shift of advertising budgets from traditional linear TV to CTV Net income impacted by one-time items TORONTO, Aug. 11, 2025 /CNW/ - Blue Ant Media Corp oration (" Blue Ant" or the " Company") (TSX: BAMI), an international streamer, production studio and rights business, today announced the financial results of its operating subsidiary, Blue Ant Media Inc. ("BAM"), for the third quarter ("Q3 F2025") ended May 31, 2025. BAM was the reverse takeover acquiror of the Company in a go-public transaction that closed on August 1, 2025 (the " RTO"). The Company, being the resulting company of the RTO, now comprises BAM's business as well as Jam Filled Entertainment, Proper Television and Insight Productions retained divisions. The quarterly and year-to-date results discussed in this news release are for BAM only and do not incorporate results from the businesses retained by the Company in connection with the RTO. Blue Ant will hold a conference call/webcast to discuss BAM's results on, August 12, 2025, at 11:00 a.m. ET. Unless otherwise noted, all dollar ($) amounts are in Canadian dollars. Michael MacMillan, Blue Ant's Chief Executive Officer, said: "Blue Ant delivered a solid third quarter driven by significant growth in our Global Channels & Streaming segment. Contribution from our Connected TV digital ad solutions business grew significantly, reflecting the convergence of content, commerce and advertising on the biggest screen in the house. Our global focus on growth and our interconnected streaming, production, and distribution operations have provided us stability this year despite ad market softness, cord cutting, and muted greenlights from global commissioners. Our recently completed reverse takeover has further increased Blue Ant's dry powder, which will enable us to invest in key areas to accelerate growth, both organically and through acquisitions, while enhancing the scale and diversity of our studio. The result is that the current challenging industry conditions present a unique opportunity for us to pursue significant content and business acquisitions at attractive valuations." Financial highlights 1 Revenues increased by 7% year-over-year in the quarter as strong growth in global advertising revenue offset a decline in production revenues from delayed greenlights. The increase in revenues combined with a decline in cost of sales expense drove a 31% increase in Adjusted EBITDA for the same time period. Global Channels and Streaming segment profit increased significantly to $5.3 million in the third quarter from $3.3 million in the same period last year driven by an increase in CTV ad sales and channel revenues. Canadian Media segment profit was $8.6 million in the third quarter compared to $9.0 million in the prior year period reflecting a modest decrease in revenues due to headwinds in the traditional broadcast advertising market, partially offset by growth in consumer show revenue attributable to continued post-Covid recovery in the sector. Production and Distribution segment profit for the third quarter was $2.1 million compared to $1.3 million in the third quarter of the prior year, as a decline in production revenues due to several productions that were anticipated for this year that have not been greenlit, was more than offset by an increase in international distribution revenues as well as a decline in associated cost of revenues and a reduction in sales, general and administrative expenses. Loss from continuing operations was $11.2 million for the third quarter compared to income of $2.7 million in the prior year period, as the increase in Adjusted EBITDA was offset by one-time items that included $4.2 million in transaction related costs, an $8.3 million goodwill impairment charge, and $8.5 million in share-based compensation related to accelerated recognition of certain RSUs which fully vested and settled on closing of the reverse takeover. Operating cash inflow in the first nine months of fiscal 2025 was $5.0 million compared to $5.6 million in the prior year period with the decline due in part to RTO transaction-related costs. Including working capital changes, net cash provided by operating activities was $11.1 million compared to $10.4 million for the first nine months of fiscal 2025. Cash generated in the period was primarily used for debt repayment, capital expenditures and investments in library content. Financial Summary C$M 3 months ended May 31, 9 months ended May 31, Operations 2025 2024 2025 2024 Revenues Global Channels and Streaming 21.4 13.0 59.9 41.8 Canadian Media 22.2 23.5 50.3 56.4 Production and Distribution 15.1 17.6 35.6 47.7 Inter-segment eliminations (3.0) (2.3) (5.6) (3.7) Revenues 55.7 51.8 140.2 142.2 Segment Profit & Adjusted EBITDA Global Channels and Streaming 5.3 3.3 13.7 10.3 Canadian Media 8.6 9.0 15.5 18.7 Production and Distribution 2.1 1.3 (1.9) (3.0) Corporate & Eliminations (1.3) (2.4) (2.3) (3.2) Adjusted EBITDA 14.6 11.1 25.0 22.8 Income (loss) from continuing operations before income taxes (8.1) 5.1 (7.7) 30.1 Income (loss) from continuing operations (11.2) 2.7 (15.0) 26.3 9 months ended May 31, TTM ended May 31, 2025 Cash flow 2025 2024 Cash flows from operations* 5.0 5.6 24.9 Net cash provided by operating activities 11.1 10.4 21.6 Cash interest paid (3.1) (5.7) (4.0) Repayment of lease liability (1.5) (1.8) (2.0) Additions to property and equipment (1.6) (0.8) (1.9) Additions to intangible assets (1.3) (0.1) (3.2) * excluding change in non-cash operating working capital Quarterly Conference Call Blue Ant's management team will hold a conference call to discuss BAM's Q3 F2025 results: DATE: Tuesday, August 12, 2025 TIME: 11:00 a.m. Eastern Time WEBCAST: A link to the webcast will also be available on Blue Ant's website at Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to join the webcast. An archived replay of the webcast will be available for 90 days. DIAL-IN: To join the conference call without operator assistance, you may register and enter your phone number at to receive an instant automated call back. You can also dial direct to be entered to the call by an Operator: 1-416-945-7677 or 1-888-699-1199. TAPED REPLAY: 1-289-819-1450 or 1-888-660-6345, Replay Code 50111 # (Available until Aug. 19, 2025) Capitalized Terms Capitalized terms used in this release and terms we use to describe our segments, including Global Channels and Streaming, Production and Distribution, and Canadian Media, and revenue types are described in BAM's Management's Discussion and Analysis of Financial Condition and Results of Operations for the three months ended May 31, 2025 and May 31, 2024 (the "Q3 F2025 MD&A") filed on SEDAR+ ( under the Company's issuer profile and available on the Company's investor relations website. 1 Non-IFRS Measures This news release makes reference to certain non-IFRS measures including "Adjusted EBITDA" and other measures. These measures are not recognized measures under International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB") and do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS measures by providing further understanding of our results of operations from management's perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS. These non-IFRS measures and other measures are used to provide investors with supplemental measures of our operating performance and thus highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS measures. Our management uses these non-IFRS measures and other measures in order to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation. We also believe that securities analysts, investors and other interested parties frequently use certain of these non-IFRS measures and other measures in the evaluation of issuers. As required by Canadian securities laws, we reconcile the non-IFRS measures to the most comparable IFRS measures. For more information on non-IFRS measures and other measures, see the Q3 F2025 MD&A filed on SEDAR+ ( under the Company's issuer profile and available on the Company's investor relations website. Reconciliations of Non-IFRS Financial Measures Forward-Looking Statements This news release contains "forward-looking information" within the meaning of applicable securities laws in Canada. Forward-looking information may relate to our future business, financial outlook and anticipated events or results and may include information regarding our financial position, business strategy, growth strategies, addressable markets, market share, budgets, operations, financial results, taxes, operating environment, business plans and objectives. Particularly, information regarding our expectations of future results, performance, growth, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "budget", "scheduled", "estimates", "outlook", "financial outlook", "forecasts", "projection", "prospects", "strategy", "intends", "anticipates", "does not anticipate", "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will", "will be taken", "occur" or "be achieved". In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding possible future events or circumstances, and are therefore subject to a variety of risks and uncertainties that could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Forward-looking information may include, among other things, the impact of the RTO, including enabling Blue Ant to invest in key areas to accelerate growth, both organically and through acquisitions, while enhancing the scale and diversity of Blue Ant's production studio; current industry conditions and unique opportunities being present for Blue Ant to pursue significant content and business acquisitions at attractive valuations. Although the Company believes that the expectations reflected in such forward-looking information and statements are reasonable, such information and statements involve risks and uncertainties, and undue reliance should not be placed on such information and statements. Material factors or assumptions that were applied in formulating the forward-looking information contained herein include, without limitation, the expectations and beliefs of the Company, and its management and board of directors, as of the date hereof. The Company cautions that the foregoing list of material factors and assumptions is not exhaustive. Many of these assumptions are based on factors and events that are not within its control, and there is no assurance that they will prove correct. Consequently, there can be no assurance that the actual results or developments anticipated by the Company will be realized or, even if substantially realized, that they will have the expected consequences for, or effects on, the Company, its shareholders, or the future results and performance of the Company. For additional information with respect to these and other factors and assumptions underlying the forward-looking statements made in this news release, see the Q3 F2025 MD&A and the Circular available on SEDAR+ ( under the Company's issuer profile. Readers, therefore, should not place undue reliance on any such forward-looking statements. The forward-looking information and statements in this news release are based on beliefs and opinions of the Company at the time the statements are made, and there should be no expectation that these forward-looking statements will be updated or supplemented as a result of new information, estimates or opinions, future events or results or otherwise, and the Company disavows and disclaims any obligation to do so except as required by applicable law. Nothing contained herein shall be deemed to be a forecast, projection or estimate of the future financial performance of the Company. About Blue Ant Media Corporation Blue Ant is an international streamer, production studio and rights business. The Company's studio creates and distributes a premium slate of programming, in all content genres, for streaming and broadcasting platforms around the world. Blue Ant also operates free streaming and pay TV channels under several media brands internationally, including Love Nature, Cottage Life, Smithsonian Channel Canada, BBC Earth Canada, HauntTV, Homeful, Total Crime, Declassified and Love Pets. Blue Ant is headquartered in Toronto, with presence in Los Angeles, New York, Singapore, London, Washington, Sydney, Halifax and Ottawa. Instagram ⼁ LinkedIn
Cision Canada
18-06-2025
- Business
- Cision Canada
BOAT ROCKER AND BLUE ANT PROVIDE TRANSACTION UPDATE; BLUE ANT FINAL ORDER RECEIVED
TORONTO, June 18, 2025 /CNW/ - Boat Rocker Media Inc. (TSX: BRMI) (" Boat Rocker" or " BRMI") and Blue Ant Media Inc. (" Blue Ant") today announced the receipt by Blue Ant of the final order of the Ontario Superior Court of Justice (Commercial List) dated June 18, 2025 (the " Final Order") with respect to the previously-announced plan of arrangement pursuant to which Blue Ant will go public by way of a reverse take-over of BRMI (the " RTO"). Concurrently with the RTO, (i) Boat Rocker will sell its Boat Rocker Studios business to a privately owned company (" IDJCo") controlled by Boat Rocker's co-founders and co-Executive Chairmen, David Fortier and Ivan Schneeberg, and Boat Rocker's CEO, John Young, and (ii) Boat Rocker will sell its minority investment in a U.S. talent management business to Fairfax Financial Holdings Limited (collectively with the RTO, the " Transactions"). Each of the Transactions are cross-conditional. In addition to the Final Order received today, requisite Boat Rocker and Blue Ant shareholder approvals (see Boat Rocker Media Announces Transaction Shareholder Approval at Special Meeting of Shareholders), Competition Act approval, CRTC approval and Toronto Stock Exchange (" TSX") conditional approval have also been obtained. With all substantive regulatory and shareholder approvals in hand, the closing of the Transactions is anticipated to occur in July 2025. Completion of the Transactions remain subject to customary closing conditions. In connection with the Transactions, BRMI will be renamed "Blue Ant Media Corporation" (the " Resulting Issuer") and, subject to final approval of the TSX, the Resulting Issuer's subordinate voting shares will continue to be listed and trade on the TSX under a new ticker symbol "BAMI". Further details regarding the Transactions are set out in the management information circular of Boat Rocker dated May 9, 2025 (the " Circular"), the news release of Boat Rocker dated March 24, 2025, the arrangement agreement dated March 23, 2025 between Boat Rocker and Blue Ant, and the share purchase agreement dated March 23, 2025 between Boat Rocker and IDJCo, each of which are available under Boat Rocker's SEDAR+ profile at About Boat Rocker Media Inc. Boat Rocker (TSX: BRMI) is the home for creative visionaries. An independent, integrated global entertainment company, BRMI's purpose is to tell stories and build iconic brands across all genres and mediums. With offices around the world, BRMI's creative and commercial capabilities include Scripted, Unscripted, and Kids and Family television production, distribution, brand & franchise management, a world-class animation studio, and talent management through a minority stake in The Initial Group, a new company launched by TPG. A selection of BRMI's projects include: Invasion (Apple TV+), Palm Royale (Apple TV+), Video Nasty (BBC Northern Ireland, BBC Three, Virgin Media One, WDR), This Is the Tom Green Documentary (Prime Video), Orphan Black: Echoes (AMC), American Rust: Broken Justice (Prime Video), Beacon 23 (MGM+), Pretty Baby: Brooke Shields (Hulu), Downey's Dream Cars (Max), BS High (HBO), Orphan Black (BBC AMERICA, CTV Sci-Fi Channel), Billie Eilish: The World's a Little Blurry (Apple TV+), The Next Step (BBC, Corus, CBC), Daniel Spellbound (Netflix), and Dino Ranch (Disney+, Disney Junior, CBC). For more information, please visit About Blue Ant Media Inc. Blue Ant is an international production studio and rights business and channel operator. The company's studio creates and distributes a premium slate of programming, in all content genres, for streaming and broadcasting platforms around the world. Blue Ant also operates free streaming and pay TV channels under several media brands internationally, including Love Nature, Cottage Life, Smithsonian Channel Canada, BBC Earth Canada, HauntTV, Homeful, Total Crime, Declassified and Love Pets. Blue Ant is headquartered in Toronto, with operations in Los Angeles, New York, Singapore, London, Washington and Sydney. Cautionary Note – Forward Looking Statements Certain statements contained in this news release contain "forward-looking information" within the meaning of applicable securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might", "have potential" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking information and statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to a variety of risks and uncertainties that could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Forward-looking information and statements include, but are not limited to, information and statements regarding the Transactions, the timing and ability of Boat Rocker and Blue Ant to complete the Transactions (if at all), the timing and ability of each of Boat Rocker, Blue Ant and other parties to the Transactions to satisfy the conditions precedent to completing the Transactions (if at all) and the final approval for the Resulting Issuer subordinate voting shares to be listed and posted for trading on the TSX. Although Boat Rocker and Blue Ant believe that the expectations reflected in such forward-looking information and statements are reasonable, such information and statements involve risks and uncertainties, and undue reliance should not be placed on such information and statements. Material factors or assumptions that were applied in formulating the forward-looking information contained herein include, without limitation, the expectations and beliefs of Boat Rocker and Blue Ant, and their respective management and board of directors, as of the date hereof. Boat Rocker and Blue Ant caution that the foregoing list of material factors and assumptions is not exhaustive. Many of these assumptions are based on factors and events that are not within its control, and there is no assurance that they will prove correct. Consequently, there can be no assurance that the actual results or developments anticipated by Boat Rocker and Blue Ant will be realized or, even if substantially realized, that they will have the expected consequences for, or effects on, Boat Rocker and Blue Ant, their current respective shareholders, or the future results and performance of Boat Rocker (or the resulting issuer after the Transactions) or Blue Ant. For additional information with respect to these and other factors and assumptions underlying the forward-looking statements made in this news release concerning the Transactions, see the Circular available on SEDAR+ ( under Boat Rocker's issuer profile. Readers, therefore, should not place undue reliance on any such forward-looking statements. There can be no assurance that the Transactions will be completed or that they will be completed on the terms and conditions contemplated in this news release. The Transactions could be modified or terminated in accordance with their terms. Further, the forward-looking information and statements in this news release are based on beliefs and opinions of Boat Rocker and Blue Ant at the time the statements are made, and there should be no expectation that these forward-looking statements will be updated or supplemented as a result of new information, estimates or opinions, future events or results or otherwise, and Boat Rocker and Blue Ant disavow and disclaim any obligation to do so except as required by applicable law. Nothing contained herein shall be deemed to be a forecast, projection or estimate of the future financial performance of either Boat Rocker (or the resulting issuer after the Transactions) or Blue Ant. SOURCE Boat Rocker Media Inc.
Cision Canada
18-06-2025
- Business
- Cision Canada
BOAT ROCKER MEDIA ANNOUNCES TRANSACTION SHAREHOLDER APPROVAL AT SPECIAL MEETING OF SHAREHOLDERS
TORONTO, June 17, 2025 /CNW/ - Boat Rocker Media Inc. ("BRMI" or the "Company") (TSX: BRMI) is pleased to announce that, at the special meeting (the "Meeting") of the holders (the "Shareholders") of subordinate voting shares and multiple voting shares of the Company, the Shareholders of the Company voted in favour of the resolutions approving, among things, (i) the reverse take-over of BRMI by Blue Ant Media Inc. ("Blue Ant"), a privately owned company controlled by Michael MacMillan; (ii) the management buyout of Boat Rocker Studios by BRMI Co-Founders and Co-Executive Chairmen, David Fortier and Ivan Schneeberg, and BRMI CEO John Young; and (iii) the sale of the Company's interests in The Initial Group Global, LLC, a U.S. talent management business, to Fairfax Financial Holdings Limited (collectively, the "Transaction"), all as further described in the management information circular dated May 9, 2025 in respect of the Meeting (the "Circular"). Pursuant to the Transaction, BRMI will acquire all of the shares of Blue Ant in exchange for shares of BRMI on the basis of an exchange ratio of 1.25 shares (prior to the 10:1 share consolidation included in the share capital reorganization noted below and described in the Circular, and 0.125 shares on a post-consolidation basis) of BRMI for each share of Blue Ant (the "Exchange Ratio"). The Exchange Ratio implies a valuation of C$1.80 per BRMI share (pre-consolidation), representing a premium of approximately 125% to the March 21, 2025 closing price of BRMI's shares on the Toronto Stock Exchange ("TSX"), the last trading day prior to the announcement of the Transaction, and a premium of approximately 145.1% to the 30 trading day volume weighted average trading price per BRMI share on the TSX as at that date. The approval of the resolutions in respect of the Transaction were voted as follows: The completion of the Transaction is subject to certain conditions, including the approval of Blue Ant's lenders, the final order of the Ontario Superior Court of Justice (Commercial List), and other closing conditions customary in transactions of this nature. Requisite approval of the shareholders of Blue Ant, approval by the Canadian Radio-television and Telecommunications Commission, and the approval under the Competition Act (Canada) have been obtained. About Boat Rocker Media Inc. Boat Rocker (TSX: BRMI) is the home for creative visionaries. An independent, integrated global entertainment company, BRMI's purpose is to tell stories and build iconic brands across all genres and mediums. With offices around the world, BRMI's creative and commercial capabilities include Scripted, Unscripted, and Kids and Family television production, distribution, brand & franchise management, a world-class animation studio, and talent management through a minority stake in The Initial Group, a new company launched by TPG. A selection of BRMI's projects include: Invasion (Apple TV+), Palm Royale (Apple TV+), Video Nasty (BBC Northern Ireland, BBC Three, Virgin Media One, WDR), This Is the Tom Green Documentary (Prime Video), Orphan Black: Echoes (AMC), American Rust: Broken Justice (Prime Video), Beacon 23 (MGM+), Pretty Baby: Brooke Shields (Hulu), Downey's Dream Cars (Max), BS High (HBO), Orphan Black (BBC AMERICA, CTV Sci-Fi Channel), Billie Eilish: The World's a Little Blurry (Apple TV+), The Next Step (BBC, Corus, CBC), Daniel Spellbound (Netflix), and Dino Ranch (Disney+, Disney Junior, CBC). For more information, please visit Forward-Looking Information / Cautionary Statements Certain information contained in this news release may be forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements are often, but not always, identified by the use of words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "will", "may", "would" and "should" and similar expressions or words suggesting future outcomes. These forward-looking statements reflect material factors and expectations and assumptions of the parties. These forward-looking statements include the assumptions: that the transaction is able to be completed on the timelines and on the terms currently anticipated; that all regulatory and other required approvals can be obtained on the timelines and in the manner currently anticipated; that the anticipated benefits of the transaction are able to be achieved; that the businesses of both BRMI and Blue Ant will continue to operate in a manner consistent with past practice; and that the parties' transition plans are effective. The parties' estimates, beliefs and assumptions are inherently subject to uncertainties and contingencies regarding future events and, as such, are subject to change. Risks and uncertainties not presently known to the parties or that they presently believe are not material could cause actual results or events to differ materially from those expressed in the forward-looking statements. Additional information on these and other factors that could affect events and results are included in the Circular and other documents and reports that will be filed by BRMI with applicable securities regulatory authorities and may be accessed through the SEDAR+ website ( Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect the parties' expectations only as of the date of this press release. The parties disclaim any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. U.S. Securities Matters None of the securities to be issued pursuant to the Transaction have been or will be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws. The resulting issuer securities to be issued in the Transaction are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
Yahoo
18-06-2025
- Business
- Yahoo
BOAT ROCKER MEDIA ANNOUNCES TRANSACTION SHAREHOLDER APPROVAL AT SPECIAL MEETING OF SHAREHOLDERS
TORONTO, June 17, 2025 /CNW/ - Boat Rocker Media Inc. ("BRMI" or the "Company") (TSX: BRMI) is pleased to announce that, at the special meeting (the "Meeting") of the holders (the "Shareholders") of subordinate voting shares and multiple voting shares of the Company, the Shareholders of the Company voted in favour of the resolutions approving, among things, (i) the reverse take-over of BRMI by Blue Ant Media Inc. ("Blue Ant"), a privately owned company controlled by Michael MacMillan; (ii) the management buyout of Boat Rocker Studios by BRMI Co-Founders and Co-Executive Chairmen, David Fortier and Ivan Schneeberg, and BRMI CEO John Young; and (iii) the sale of the Company's interests in The Initial Group Global, LLC, a U.S. talent management business, to Fairfax Financial Holdings Limited (collectively, the "Transaction"), all as further described in the management information circular dated May 9, 2025 in respect of the Meeting (the "Circular"). Pursuant to the Transaction, BRMI will acquire all of the shares of Blue Ant in exchange for shares of BRMI on the basis of an exchange ratio of 1.25 shares (prior to the 10:1 share consolidation included in the share capital reorganization noted below and described in the Circular, and 0.125 shares on a post-consolidation basis) of BRMI for each share of Blue Ant (the "Exchange Ratio"). The Exchange Ratio implies a valuation of C$1.80 per BRMI share (pre-consolidation), representing a premium of approximately 125% to the March 21, 2025 closing price of BRMI's shares on the Toronto Stock Exchange ("TSX"), the last trading day prior to the announcement of the Transaction, and a premium of approximately 145.1% to the 30 trading day volume weighted average trading price per BRMI share on the TSX as at that date. The approval of the resolutions in respect of the Transaction were voted as follows: Category of Voting Number and percentage of votes represented in person or by proxy and entitled to vote at the Meeting that were voted "FOR" (rounded) Number and percentage of votes represented in person or by proxy and entitled to vote at the Meeting that were voted "AGAINST" (rounded) Blue Ant Transaction Resolution (TSX Company Manual - SVS & MVS Voting Together with MVS carrying only one vote) 49,789,272 (99.161 %) 421,140 (0.839 %) Blue Ant Transaction Resolution (TSX Company Manual - SVS Majority of Minority) 14,375,306 (97.154 %) 421,140 (2.846 %) Blue Ant Transaction Resolution (TSX Company Manual and OSC Rule 56-101 - SVS Majority of Minority) 14,375,306 (97.154 %) 421,140 (2.846 %) Blue Ant Transaction Resolution (MI 61-101 - SVS Majority of Minority) 14,375,306 (97.154 %) 421,140 (2.846 %) IDJ Transaction Resolution (MI 61-101 - SVS Majority of Minority) 14,373,847 (96.960 %) 450,637(3.040 %) Share Capital Reorganization Resolution (SVS & MVS Voting Separately) 26,235,047 (98.416%) subordinate voting share votes 235,530,500 (100%) multiple voting share votes 422,315 (1.584%) subordinate voting share votes 0 (0%) multiple voting share votes Share Capital Reorganization Resolution (OSC Rule 56-101 - SVS Majority of Minority) 14,374,131 (97.146 %) 422,315 (2.854 %) TIG Transaction Resolution (MI 61-101 - SVS Majority of Minority) 14,374,197 (97.146 %) 422,249 (2.854 %) Continuance Resolution (SVS & MVS Voting Together) 261,732,497 (99.826 %) 455,365 (0.174 %) FFX Stated Capital Increase Resolution (SVS & MVS Voting Separately) 26,234,763 (98.415%) subordinate voting share votes 235,530,500 (100%) multiple voting share votes 422,599 (1.585%) subordinate voting share votes 0 (0%) multiple voting share votes EIP Resolution (SVS & MVS Voting Together) 261,730,892 (99.826 %) 456,970 (0.174 %) The completion of the Transaction is subject to certain conditions, including the approval of Blue Ant's lenders, the final order of the Ontario Superior Court of Justice (Commercial List), and other closing conditions customary in transactions of this nature. Requisite approval of the shareholders of Blue Ant, approval by the Canadian Radio-television and Telecommunications Commission, and the approval under the Competition Act (Canada) have been obtained. About Boat Rocker Media Inc. Boat Rocker (TSX: BRMI) is the home for creative visionaries. An independent, integrated global entertainment company, BRMI's purpose is to tell stories and build iconic brands across all genres and mediums. With offices around the world, BRMI's creative and commercial capabilities include Scripted, Unscripted, and Kids and Family television production, distribution, brand & franchise management, a world-class animation studio, and talent management through a minority stake in The Initial Group, a new company launched by TPG. A selection of BRMI's projects include: Invasion (Apple TV+), Palm Royale (Apple TV+), Video Nasty (BBC Northern Ireland, BBC Three, Virgin Media One, WDR), This Is the Tom Green Documentary (Prime Video), Orphan Black: Echoes (AMC), American Rust: Broken Justice (Prime Video), Beacon 23 (MGM+), Pretty Baby: Brooke Shields (Hulu), Downey's Dream Cars (Max), BS High (HBO), Orphan Black (BBC AMERICA, CTV Sci-Fi Channel), Billie Eilish: The World's a Little Blurry (Apple TV+), The Next Step (BBC, Corus, CBC), Daniel Spellbound (Netflix), and Dino Ranch (Disney+, Disney Junior, CBC). For more information, please visit Forward-Looking Information / Cautionary Statements Certain information contained in this news release may be forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements are often, but not always, identified by the use of words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "will", "may", "would" and "should" and similar expressions or words suggesting future outcomes. These forward-looking statements reflect material factors and expectations and assumptions of the parties. These forward-looking statements include the assumptions: that the transaction is able to be completed on the timelines and on the terms currently anticipated; that all regulatory and other required approvals can be obtained on the timelines and in the manner currently anticipated; that the anticipated benefits of the transaction are able to be achieved; that the businesses of both BRMI and Blue Ant will continue to operate in a manner consistent with past practice; and that the parties' transition plans are effective. The parties' estimates, beliefs and assumptions are inherently subject to uncertainties and contingencies regarding future events and, as such, are subject to change. Risks and uncertainties not presently known to the parties or that they presently believe are not material could cause actual results or events to differ materially from those expressed in the forward-looking statements. Additional information on these and other factors that could affect events and results are included in the Circular and other documents and reports that will be filed by BRMI with applicable securities regulatory authorities and may be accessed through the SEDAR+ website ( Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect the parties' expectations only as of the date of this press release. The parties disclaim any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. U.S. Securities Matters None of the securities to be issued pursuant to the Transaction have been or will be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws. The resulting issuer securities to be issued in the Transaction are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. SOURCE Boat Rocker Media Inc. 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Android Authority
13-06-2025
- Android Authority
BlueAnt Soundblade under-monitor speaker drops to a record-low price!
Are you looking for some PC speakers? I came across this one at CES, a couple of years ago, and let me tell you, it's what I would buy if I needed good desktop audio. The thing is, I wasn't a big fan of the $199.99 retail price. The BlueAnt Soundblade is currently available at just $94.99, which happens to be its record-low price. It's looking much more enticing now! Buy the BlueAnt Soundblade for just $94.99 ($105 off) This offer is available from Amazon. The discount applies to all color versions available, including Charcoal, White, Green, and Pink. The BlueAnt strikes a perfect balance between design, performance, and price. Let's start with the design, which is what makes it different from other desktop speakers. This speaker is flat and meant to live under your monitor. It can also be used as a laptop stand or riser. This unique form factor makes it look sleek and also leaves less wasted space on your desk. Looks and design conveniences aside, this is actually a great 2.1-channel speaker. I remember being impressed by how loud it was, especially considering I tested it at the biggest tech convention, surrounded by thousands of people and booths playing loud music. This makes more sense as you take a look at the specs, as it can output 120W. Its connectivity is also quite flexible. You can connect it to your devices using Bluetooth, an AUX cable, or USB-C, which covers most devices. And get this: it even has a remote control! Again, I loved this speaker, but I thought it was too expensive, at nearly $200. At under $100 bucks, though, it is looking like a really nice option. I am actually considering getting one, myself!
