Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, July 12, 2024

Article Excerpt

BOAT ROCKER MEDIA INC., $0.98, symbol BRMI on Toronto, is a global entertainment company. In business since 2004, it creates, develops, produces, and distributes scripted, unscripted, and animated television content around the world. The company also provides brand and management services to actors, actresses, and other creative talents. On March 24, 2021, Boat Rocker Media launched its IPO, selling 18.9 million shares at $9 a share. The shares have dropped steadily since then. Apart from raising funds for expansion, the IPO was also done to give Fairfax Financial Holdings (symbol FFH on Toronto) the opportunity to sell some of its stake in the privately held company. Fairfax acquired majority control of Boat Rocker in 2015. It now has a 44.8% interest (56.1% voting) after the IPO. Following is a selection of Boat Rocker’s projects: Invasion (Apple TV+), Palm Royale (Apple TV+), Orphan Black: Echoes (AMC), American Rust: Broken Justice (Prime Video), Beacon 23 (MGM+), Pretty Baby: Brooke Shields (Hulu), Downey’s Dream Cars (Max),…