THUNDERBIRD ENTRTNMT GRP - THBRF STOCK NEWS

Thunderbird Entertainment Group (TSXV: TBRD, OTCQX: THBRF) has announced exciting updates from its Unscripted Division, Great Pacific Media. The fall line-up includes the premiere of three new series and renewals for five existing shows. Currently, GPM is producing eight unscripted shows with over 80 hours of original content. Notable premieres include Deadman’s Curse on History Channel and After the Storm on Discovery Channel. GPM's strategy aims at creative expansion, reflecting the growing demand for unscripted programming.

Thunderbird Entertainment Group (THBRF) has engaged Independent Trading Group (ITG) to provide market-making services for a minimum term of three months, with a monthly fee of $6,500. This arrangement aims to maintain an orderly market for the company’s securities on the TSX Venture Exchange. ITG will be compensated solely in cash, and no shares or options will be involved. Thunderbird operates as a leading multiplatform production company, known for its award-winning programs across various genres.

Thunderbird Entertainment announces the appointment of Kitty Walsh as Executive Director of Development for its Kids & Family Division, Atomic Cartoons. Walsh, previously at Disney Junior, will lead the development of new IP and strengthen partnerships with creative talents. The studio also promotes Rose Stacey to Manager of Development, indicating a focus on enhancing original content offerings. This strategic hiring aims to attract high-quality, fandom-driven projects and elevate Atomic’s development slate, aligning with Thunderbird's commitment to producing impactful children's content.

Thunderbird Entertainment Group has authorized the grant of 200,000 incentive stock options to executive-level employees. The options are priced at $3.50 per share and have a seven-year term, subject to vesting provisions. This move aligns with the company’s strategy to incentivize its leadership team. Thunderbird is known for its award-winning production and distribution of multiplatform content and has a diverse portfolio, including animated and factual programming.

Thunderbird Entertainment Group reported its Q3 2022 financial results, revealing consolidated revenues of $36.9 million, a decrease of 2% year-over-year. However, revenues increased by 23% for the nine-month period, totaling $104.9 million. Adjusted EBITDA fell by 14% to $6.4 million for the quarter, although it rose 2% for the nine months to $17.7 million. The company is currently managing 26 productions, partnering with major platforms like Netflix and Disney+. A conference call is scheduled for May 16, 2022, to discuss the results further.

Thunderbird Entertainment's factual division, Great Pacific Media (GPM), has formed a multi-year partnership with Sean Connolly's Original Content Lab (OCL) to enhance unscripted content production. This strategic collaboration aims to develop primetime and children's series for global distribution, significantly boosting GPM's production volume. Currently, GPM is involved in eight series, including Deadman’s Curse and Gut Job. Connolly's extensive experience in the industry is expected to accelerate GPM's development pipeline, reinforcing its market position in Toronto.

Thunderbird Entertainment Group Inc. (OTCQX: THBRF) will release its Q3 2022 financial results on May 16, 2022, before market opening. The Company will host a conference call at 11 a.m. PT/ 2 p.m. ET that day, featuring CEO Jennifer Twiner McCarron and CFO Barb Harwood, who will provide a corporate update and present financial statements. A Q&A session will follow. Investors can join via phone or webcast, with replay options available post-call until May 30, 2022.

Thunderbird Entertainment Group (TSXV:TBRD, OTCQX:THBRF) announced its participation in the 17th Annual Needham Technology & Media Conference. CEO Jennifer Twiner McCarron will present on May 18, 2022, from 2:15 PM to 2:55 PM EST. Interested parties can register for the webinar here, and a replay will also be accessible on the company’s website. Thunderbird is a full-service multiplatform production and distribution company based in Vancouver, known for creating high-quality content across various platforms.

Thunderbird Entertainment Group announced that its division, Great Pacific Media, has partnered with SYFY for the upcoming series Reginald the Vampire. The show has secured streaming rights from Hulu and Prime Video in select territories, with a summer premiere planned on SYFY. Cineflix Rights has been appointed as the exclusive global distributor, launching the series at MIPTV in April 2022. The 10-episode dramedy, featuring Jacob Batalon, aims to reshape vampire narratives.