THUNDERBIRD ENTRTNMT GRP - THBRF STOCK NEWS

Thunderbird Entertainment Group (TSXV: TBRD, OTCQX: THBRF) announced the postponement of its Annual General Meeting (AGM) originally set for December 6, 2022. The new AGM date is expected to be no later than March 6, 2023, as the company seeks to review a shareholder's announcement made on November 4, 2022, regarding a nomination of new directors by Voss Capital LLC. Shareholders are advised that no action is required from them at this time.

Thunderbird Entertainment Group (OTCQX:THBRF) will release its Q1 2023 earnings results on November 17, 2022, prior to the market opening. A conference call is scheduled for the same day at 11 a.m. PT / 2 p.m. ET, led by CEO Jennifer Twiner McCarron and CFO Barb Harwood, who will present financial statements and provide a corporate update. A question and answer session will follow. Participants can access the call via phone or webcast, with details available on the company's website.

Thunderbird Entertainment Group reported its fiscal 2022 results, showcasing a 34% increase in revenue to $149.0 million year-over-year. Adjusted EBITDA stood at $20.1 million, marking a 3% increase. Free cash flow reached $13.9 million with no corporate debt. Although revenue growth was driven by production services, gross margins declined due to timing of IP deliveries and increased investment in production talent. The company has 28 shows in production and will host a conference call on October 21, 2022 to discuss these results.

Thunderbird Entertainment Group (TSXV:TBRD, OTC – THBRF) announces premiere dates for 16 new and returning series on platforms like Netflix, Disney+, and Amazon Prime. The highlights include the animated series Princess Power debuting in 2023 and the scripted series Reginald the Vampire that premiered on October 5, 2022. The company has 25 additional projects in production, emphasizing its strong relationships with major media platforms and a growing demand for its diverse content. Thunderbird aims for continued growth in a competitive market.

Thunderbird Entertainment Group Inc. (TSXV:TBRD, OTCQX:THBRF) will release its fiscal year end 2022 results on October 20, 2022. A conference call will follow on October 21, 2022, at 11 a.m. PT/ 2 p.m. ET, featuring updates from CEO Jennifer Twiner McCarron and CFO Barb Harwood. Participants can join via phone or webcast. The company specializes in multiplatform production and distribution of award-winning content, including animated and scripted programming for global audiences.

Thunderbird Entertainment Group is set to premiere Season 11 of Highway Thru Hell on September 26 at 9 p.m. ET, showcasing the impact of the 2021 British Columbia floods. Viewers will witness recovery efforts by heavy operators and first responders in devastated communities, highlighting the challenges they faced during this natural disaster. The season promises real stories of resilience, detailing the destruction and subsequent recovery efforts on essential highways.

Thunderbird Entertainment Group has appointed Nelson Huynh as the new Director of Distribution Sales, effective immediately. Huynh will oversee licensing of children's series and scripted content primarily in EMEA, Latin America, and Asia. Reporting to Richard Goldsmith, he aims to secure commissions and co-productions, representing the company at major events like MIPJUNIOR and MIPCOM in Cannes this October. Huynh brings extensive experience from Kidscreen and will focus on expanding Thunderbird's content sales and distribution reach.

Thunderbird Entertainment Group Inc. (TSXV:TBRD, OTC:THBRF) announced that on August 26, 2022, Frank Giustra donated 976,470 common shares held by 1291308 B.C. Ltd. to a charitable organization. Following this transaction, Giustra's total holdings decreased from 7,297,433 shares (14.77% of outstanding shares) to 6,320,963 shares (12.80%). The donation was made for investment purposes, and Giustra has no immediate plans to acquire more shares, although he may consider future transactions.

Thunderbird Entertainment Group has announced key promotions within its leadership team at Great Pacific Media (GPM), enhancing its strategic direction. Lindsay Macadam has been elevated to Executive Vice President, leading business development and series oversight, bringing over 15 years of industry experience. Todd Serotiuk has been appointed Vice President, Creative, focusing on new series and team development. Additionally, Lori Massini is now Senior Vice President, Legal and Business Affairs, overseeing production legal across all genres. These moves aim to strengthen GPM's innovative content strategy.