THUNDERBIRD ENTRTNMT GRP - THBRF STOCK NEWS

Thunderbird Entertainment's Great Pacific Media (GPM) has announced multiple renewals and new productions for 2024 and 2025. The 14th season of 'Highway Thru Hell' has been greenlit, with filming set for winter 2024. Season 13 will premiere on Discovery Canada and The Weather Channel this fall. GPM is also producing 'Sidelined: The QB and Me,' a film based on a popular Wattpad novel, set to debut on Tubi later this year. Additional renewals include 'Timber Titans' and 'Wild Rose Vets,' both heading into their second seasons. 'Deadman's Curse' is also returning for its second season this fall on The History Channel. GPM's CEO, David Way, credited the company's success to its strong teams and network partnerships.

Thunderbird Entertainment Group (TSXV: TBRD, OTCQX: THBRF) released its fiscal Q3 2024 results, showcasing significant improvements in key financial metrics. Free Cash Flow increased to $13.4 million from $(15.8) million year-over-year, an astounding 185% rise. Net income reached $0.01 million, reversing a $2.3 million loss in the prior year. However, revenue declined to $35.4 million from $37.3 million, a 5% drop.

AEBITDA also decreased from $3.7 million to $3.3 million due to reduced IP deliveries. The company implemented cost reductions, achieving cumulative savings of over $3 million for fiscal 2024. Thunderbird expects Q4 to be the strongest quarter, with a 20% AEBITDA growth anticipated for fiscal 2024. New animation projects will add 30% more revenue in fiscals 2025 and 2026.

Thunderbird also repurchased 591,400 shares for $1.2 million under its Normal Course Issuer Bid. The company was involved in 22 productions, including high-profile projects for Netflix and Disney, and announced new series and distribution deals.

Thunderbird Entertainment, in collaboration with tokidoki, is expanding the reach of its new animated series, Mermicorno: Starfall. Platform partnerships have been established with Warner Bros. Discovery's Max (U.S. and LATAM), Cartoon Network (LATAM and Southeast Asia), POP (UK), and Corus Entertainment (Canada). The first season will feature 26 episodes, each 22 minutes long, launching on Corus platforms in early 2025. Nelvana will represent Mermicorno: Starfall's licensing in Canada, excluding toys and publishing. This series, inspired by tokidoki’s Mermicorno characters, targets children aged 5-9 and is currently in production at Atomic's Ottawa studio.

Thunderbird Entertainment Group Inc. announced their fiscal 2024 Q3 results will be released on May 23, 2024, followed by a conference call and webcast. CEO Jennifer Twiner McCarron will provide business operations overview, CFO Simon Bodymore will present financial statements. Investors can pre-register for the call and join via webcast or phone.

Thunderbird Entertainment Group Inc. announced updates in its senior management team, with Matthew Berkowitz leaving his role as President and CCO. The responsibilities will be divided among Aaron Behl, Kristin Cummings, and Hillary Zwick Turner. Jennifer Twiner McCarron will oversee the team along with CFO Simon Bodymore and Richard Goldsmith. David Way and Lindsay Macadam have been appointed to CEO and President roles at Great Pacific Media. Thunderbird looks forward to continued growth and success.

Thunderbird Entertainment Group Inc. promotes Lori Massini to General Counsel, while Sarah Nathanson resigns as COO. Ms. Massini brings over a decade of entertainment law experience to her new role, overseeing legal compliance and business affairs.

Banijay Rights, the global distribution arm of media giant Banijay, is launching a Highway Thru Hell-branded FAST channel featuring the hit series from Thunderbird Entertainment. The channel will showcase 10 seasons of Highway Thru Hell and 7 seasons of Heavy Rescue: 401, starting in the U.K. on March 13, expanding to Australia on April 17. The series have garnered immense popularity globally, with plans for future seasons and a wide reach across platforms.

Thunderbird Entertainment Group Inc. announced its Q2 2024 financial results with a decrease in revenue, improvement in net income, and a decrease in free cash flow. The company expects over 20% growth in Adjusted EBITDA for fiscal 2024 despite a slower content-creation market recovery. Thunderbird continues to focus on cost reductions, profitability, and growth opportunities.

Thunderbird Entertainment Group Inc. (TSXV:TBRD) announced the filing of its fiscal 2024 Q2 results on February 29, 2024. The conference call will feature CEO Jennifer Twiner McCarron and CFO Barb Harwood presenting business operations and financial statements. The incoming CFO Simon Bodymore will join for a Q&A session. Investors can pre-register for the call or join via webcast or telephone.