Latest news with #TheGreatCanadianBakingShow
Toronto Star
20 hours ago
- Entertainment
- Toronto Star
My K-pop tourism pilgrimage to Seoul was a BTS fan's dream come true
It was either a poem or a meme that said 'People come into your life for a reason, a season or a lifetime.' I wholeheartedly believe that South Korea's biggest Kpop group BTS came into my life so that I could meet some of the best people. Being part of Army, the BTS fandom, opened the door to so many precious friendships, including two of Canadian media's biggest Asian baddies: Lainey Lui and Hannah Sung. If you spent your formative years in Canada is the 2000s, you know exactly who these two women are. From ' MuchMusic ' to 'The Social,' they carved out spaces for Asian women in this country's media landscape. Frankly, they are probably why I even have a job in television, as the host of 'The Great Canadian Baking Show.'
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
