Welcome to our dedicated page for WOWMF news (Ticker: WOWMF), a resource for investors and traders seeking the latest updates and insights on WOWMF stock.
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WOW! Unlimited Media has reported strong financial results for Q3 2021, with revenue reaching $20.2 million, marking a significant increase from $15.5 million in Q3 2020. Operating EBITDA rose to $2.4 million, compared to $0.6 million last year. The company reported a net income of $1.0 million, reversing the $1.0 million loss from the previous year. A production backlog of $70 million was noted, indicating future growth potential. Additionally, WOW! has entered a merger agreement with Genius Brands for $66 million.
WOW! Unlimited Media has acquired rights to develop an animated series based on the Parasol Protectorate, a best-selling steampunk novel series by Gail Carriger. The series, which features over a million copies in print, follows protagonist Alexia Tarabotti in Victorian London’s paranormal society. The project aims to bring an engaging animated adaptation to audiences, with Carriger serving as executive producer alongside Frederator's CEO. This acquisition is expected to enhance WOW!'s portfolio and animation offerings.
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