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Thunderbird Entertainment Group Inc
Symbol TBRD
Shares Issued 49,817,587
Close 2024-06-27 C$ 1.82
Market Cap C$ 90,668,008
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Thunderbird Entertainment introduces catalogue of shows

2024-06-27 14:21 ET - News Release

Ms. Lana Castleman reports

THUNDERBIRD ANNOUNCES RAFT OF CATALOGUE PROGRAM SALES ACROSS SCRIPTED, KIDS AND FAMILY, AND UNSCRIPTED GENRES

Thunderbird Distribution, a division of Thunderbird Entertainment Group Inc., has introduced a raft of catalogue-title sales across scripted, kids and family, and unscripted genres.

Scripted

Fuse Media has taken season one (13 by 30 minutes) of Thunderbird's hit comedy Kim's Convenience for its United States linear channel, while Encore Airlines has picked up season 5 (13 by 30 minutes) of the series. And U.S.-based AVOD Fawesome has picked up seasons 1 and 2 (26 by 60 minutes) and the MOW (one by 90 minutes) of critically acclaimed classic crime drama Intelligence.

Feature films Slow West, High-Rise, The Riot Club and That Sugar Film are now available on Tubi (Canada), while Pluto (Canada) has made High-Rise and Entanglement available. TVA (French Canada) has licensed 2016's Up For Love (Un Homme a la Hauteur).

Kids and family

Netflix has renewed the U.S. licence for mid-2010s Thunderbird YA comedy Some Assembly Required (57 by 30 minutes). Canadian pubcasters TVO and Knowledge Network have picked up season 2 of Molly of Denali (23 by 30 minutes, one by 44 minutes special, 20 by three minutes shorts), produced by GBH and Atomic Cartoons. Knowledge is also now airing brand-new Atomic Cartoons animated preschool special Rocket Saves the Day (one by 45 minutes), and the PBS KIDS commission has been licensed by PCCW Media (Hong Kong) and UYoung/Ukids (China).

Unscripted

Ten 90-minute instalments of celebrity-focused docuseries I Am..., including I Am Steve McQueen, I Am Chris Farley and I Am Heath Ledger, are now available on Tubi (Canada) and Roku (Canada). Roku (U.S., Canada, United Kingdom.) is now streaming documentary film Chasing Evel: The Robbie Knievel Story (120 minutes). Fuse Media has licensed pop-culture focused docuseries Celebrity Style Story, season 2 (40 by 30 minutes), for its FAST channel, Backstage.

"As we continue to build out Thunderbird Distribution's operations with third party titles and our original series like Mermicorno: Starfall, we're pleased to see a continued interest and demand for our catalogue titles from international linear, streaming, AVOD and FAST platforms," said Richard Goldsmith, president of global distribution and consumer products.

Amendment of credit facilities

Thunderbird, through its subsidiaries Thunderbird Entertainment Inc. (TEI) and Atomic Cartoons Inc., has amended its credit agreement with Royal Bank of Canada (RBC) allowing the company to borrow up to $63-million, comprising a $5-million revolving term loan bearing interest at RBC's prime rate plus 1.25 per cent to bridge production financing; a $5-million revolving term loan bearing interest at RBC's prime rate plus 1.25 per cent to finance distribution advances to greenlit Canadian content eligible productions owned by TEI; an $8-million revolving unmargined operating line of credit-bearing interest at RBC's prime rate plus 1.25 per cent to finance day to day operations and general corporate expenses; a $40-million revolving production operating line of credit bearing interest at RBC's prime rate plus 0.5 per cent to finance Canadian film or video production services tax credits; a $4.2-million revolving facility by way of leases to finance regular continuing capital asset purchases; and a $750,000 foreign exchange line of credit available to Atomic to hedge against fluctuating exchange rates. The facilities are repayable on demand and secured by general security agreements.

About Thunderbird Entertainment Group Inc.

Thunderbird Entertainment is a global award-winning, full-service, multiplatform production, distribution and rights management company, headquartered in Vancouver, with additional offices in Los Angeles and Ottawa. Thunderbird Entertainment creates award-winning scripted, unscripted and animated programming for the world's leading digital platforms, as well as Canadian and international broadcasters. The company develops, produces and distributes animated, factual and scripted content through its various content arms, including Thunderbird Kids and Family (Atomic Cartoons), Thunderbird Unscripted (Great Pacific Media), and Thunderbird Scripted. Productions under the Thunderbird Entertainment umbrella include The Last Kids on Earth, Molly of Denali, Highway Thru Hell, Kim's Convenience, Reginald the Vampire and Boot Camp. Thunderbird Distribution and Thunderbird Brands manage global media and consumer products rights, respectively, for the company and select third parties.

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