Boat Rocker Media (TSE:BRMI) has released an update.
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Boat Rocker Media Inc. has divested its majority stake in Untitled Entertainment to global investment firm TPG, receiving $51.6 million CAD and an 8.8% equity share in TPG’s new talent management venture. The deal aligns with Boat Rocker’s strategy to invest in owned intellectual property and potentially pursue strategic mergers and acquisitions. The company’s recent successes include the launch of new series and the renewal of popular shows, marking a positive trajectory in its content-first approach.
For further insights into TSE:BRMI stock, check out TipRanks’ Stock Analysis page.
