/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
TORONTO, March 24, 2021 /CNW/ – Boat Rocker Media Inc. (“Boat Rocker Media” or the “Company”), an independent, integrated global entertainment company, announced today the closing of its previously announced initial public offering (the “Offering”) of subordinate voting shares of the Company for total gross proceeds to the Company of C$170,100,000.
The subordinate voting shares will commence trading on the Toronto Stock Exchange today under the ticker symbol “BRMI”.
“The completion of our IPO represents an exciting next chapter for Boat Rocker,” said David Fortier and Ivan Schneeberg, Co-Founders and Co-Executive Chairmen, Boat Rocker Media and Co-Chairmen, Boat Rocker Studios. “We’re proud of what the company has achieved to date, but believe we’re just starting to unlock the full potential of our multi-genre IP creation engine.”
“Following the completion of our IPO we have enhanced balance sheet strength and financial flexibility to advance our growth strategy, against a backdrop of robust and growing demand for content globally,” said John Young, Chief Executive Officer of Boat Rocker Media. “We are now in an ideal position to pursue a range of initiatives designed to further expand our creative and commercial capabilities and deliver shareholder value.”
The Offering was underwritten by a syndicate of underwriters led by RBC Capital Markets and TD Securities Inc., as joint bookrunners, J.P. Morgan Securities Canada Inc., as co-lead manager, and including BMO Capital Markets, Scotiabank, Cormark Securities Inc., and Canaccord Genuity Corp.
The underwriters have been granted an over-allotment option to purchase up to an additional 2,835,000 subordinate voting shares at a price of C$9.00 per share for additional gross proceeds of C$25,515,000 if the over-allotment option is exercised in full. The over-allotment option can be exercised for a period of 30 days after the closing date of the Offering.
Stikeman Elliott LLP acted as legal counsel to Boat Rocker Media and Goodmans LLP acted as legal counsel to the underwriters. Whiteshell Advisory Inc. acted as an advisor to the Company.
No securities regulatory authority has either approved or disapproved the contents of this news release. This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy the subordinate voting shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.
This news release does not constitute an offer to sell or a solicitation of an offer to sell the subordinate voting shares or any other securities in the United States. The securities issued under the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States and may not be offered, sold or delivered, directly or indirectly, in the United States, except to Qualified Institutional Buyers (as defined in Rule 144A of the U.S. Securities Act) pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.
About Boat Rocker Media
Boat Rocker Media is an independent, integrated global entertainment company that harnesses the power of creativity and commerce to tell stories and build iconic brands for audiences around the world. Boat Rocker Studios (the “Studio”), the Company’s creative engine, creates, produces and distributes award-winning content and franchises across all major genres via its Scripted, Unscripted, and Kids & Family divisions. The Studio distributes and licenses thousands of hours of its own and third-party content worldwide. Boat Rocker Media owns or invests in companies in the entertainment industry that bolster the company’s strategic and operational goals, including Insight Productions (Unscripted), Jam Filled Entertainment (2D and 3D Animation), Industrial Brothers (Kids & Family Animation) and Untitled Entertainment, a leading global talent management company that represents leading on-screen talent and celebrities. A selection of Boat Rocker Media’s projects include: Orphan Black (BBC AMERICA, CTV Sci-Fi Channel), Dear…(Apple TV+), Lip Sync Battle (Paramount Network), The Amazing Race Canada (CTV), MasterChef Canada (CTV), The Next Step (Family Channel, CBC), The Loud House (Nickelodeon), Remy & Boo (Universal Kids, CBC), and Dino Ranch (CBC, Disney Junior). For more information, please visit www.boatrocker.com.
This news release may contain forward-looking information within the meaning of applicable securities laws, which reflects the Company’s current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control. Such risks and uncertainties include, but are not limited to, failure to complete the Offering and the factors discussed under “Risk Factors” in the Final Prospectus. Actual results could differ materially from those projected herein. Boat Rocker Media does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws.
SOURCE Boat Rocker Media Inc.
European Union could force all smartphone manufacturers to use USB-C charging – MobileSyrup
Europe could soon require all smartphone manufacturers to use USB-C charging, according to a new EU Commission ruling proposal.
The commission says the proposal aims to reduce e-waste and the “consumer inconvenience” resulting from different chargers. The commission also mentions that it wants manufacturers to stop selling chargers alongside electronic devices to minimize e-waste further.
“With today’s proposal… USB-C will become the standard port for all smartphones, tablets, cameras, headphones, portable speakers and handheld videogame consoles,” reads the report.
The report then says that it has reduced the number of mobile chargers in Europe from 30 to just three, with Apple’s proprietary Lightning port part of the smaller list. The report states that roughly 20 percent of devices sold in Europe feature the Lightning port, but that the EU wants to change this — possibly by forcing Apple to adopt USB-C.
EU executive vice president Margrethe Vestager made the following statement in the report:
“European consumers were frustrated long enough about incompatible chargers piling up in their drawers. We gave industry plenty of time to come up with their own solutions, now time is ripe for legislative action for a common charger. This is an important win for our consumers and environment and in line with our green and digital ambitions.”
As you may have already guessed, Apple has resisted the shift to USB-C in the past concerning the EU’s efforts. For example, last year, when the organization voted on the concept of a standard charger, Apple released a statement stating that adopting USB-C would “stifle innovation.”
In a statement to the BBC, Apple said, “We remain concerned that strict regulation mandating just one type of connector stifles innovation rather than encouraging it, which in turn will harm consumers in Europe and around the world.”
With the release of the iPhone 12, Apple stopped including a charging brick in the box of its smartphones, citing environmental concerns related to materials and shipping costs. This move also likely saved the tech giant a lot of money. The company has also shifted to USB-C charging with several of its other devices, including Macs, most iPad models and its accompanying ecosystem of accessories. Some Android devices from companies like Samsung, for example, also no longer include chargers in their boxes.
It’s unclear if this law will go through, given it’s still in the proposal stages and must first be passed by lawmakers and several governments. However, it’s possible that in a few years, Apple could be forced to adopt USB-C for the iPhones it sells in Europe.
Nintendo Switch Online will add N64 and Mega Drive games with a new subscription plan – Video Games Chronicle
Nintendo [2,050 articles]” href=”https://www.videogameschronicle.com/platforms/nintendo/”>Nintendo has announced that Nintendo 64 [151 articles]” href=”https://www.videogameschronicle.com/platforms/nintendo/nintendo-64/”>Nintendo 64 and Mega Drive / Genesis games will be added to Nintendo Switch [1,941 articles]” href=”https://www.videogameschronicle.com/platforms/nintendo/switch/”>Switch Online in late October.
A new membership tier called the Expansion Pack will be introduced that adds selections of games from each system.
Special controllers for each system will also be released at $49.99 / €49.99 / £39.99 each.
The Japanese Mega Drive controller will have six buttons, whereas the North American and European version will be the 3-button controller released alongside the console when it originally launched.
Nintendo Switch OLED Model Trailer
The full list of games at launch will be:
- Super Mario 64
- Mario Kart 64
- Star Fox 64
- Yoshi’s Story
- The Legend of Zelda (Series) [110 articles]” href=”https://www.videogameschronicle.com/games/the-legend-of-zelda-series/”>The Legend of Zelda: Ocarina of Time
- Mario Tennis
- Dr Mario 64
- Sin & Punishment
- Castlevania Bloodlines
- Contra Hard Corps
- Dr Robotnik’s Mean Bean Machine
- Ecco the Dolphin
- Golden Axe
- Gunstar Heroes
- Phantasy Star IV
- Shining Force
- Shinobi III
- Sonic the Hedgehog 2
- Streets of Rage 2 [37 articles]” href=”https://www.videogameschronicle.com/games/rage-2/”>Rage 2
Nintendo has also confirmed some of the Nintendo 64 games that will be added after launch, including:
- Banjo-Kazooie [66 articles]” href=”https://www.videogameschronicle.com/games/banjo-kazooie/”>Banjo-Kazooie
- Pokémon video games [230 articles]” href=”https://www.videogameschronicle.com/games/pokemon/”>Pokémon Snap
- The Legend of Zelda: Majora’s Mask
- Kirby 64: The Crystal Shards
- Mario Golf
- Paper Mario
- F-Zero X
There was no mention, however, of Game Boy and Game Boy Color games on Switch Online, which had been reported in the past few weeks.
Nintendo discussed expanding the Switch Online library with other platforms as far back as 2019, 12 months after it launched.
During a 2019 shareholder meeting, president Shuntaro Furukawa [145 articles]” href=”https://www.videogameschronicle.com/people/shuntaro-furukawa/”>Shuntaro Furukawa was asked specifically if the company had plans to re-release Nintendo 64 and Nintendo GameCube [174 articles]” href=”https://www.videogameschronicle.com/platforms/nintendo/nintendo-gamecube/”>GameCube software.
“At this place we cannot tell new information about future classic hardware among others, but we are thinking about providing an extension of the online service which is currently providing Famicom [NES] software, as well as other methods of providing them,” he said.
“We also recognise that there are opinions wanting to play past titles.”
U.S. social audio app Clubhouse launches ‘wave’ feature for private chats
U.S. social audio app Clubhouse launched a feature on Thursday to let users virtually wave at friends inside its audio-only chat app to show they are open to a private chat, in a move to expand beyond public rooms that can have thousands of listeners.
Clubhouse, which pioneered the “social audio” feature that has since been copied by Facebook and Twitter, wants to enable users to have private chats, Co-Founder and Chief Executive Paul Davison told Reuters.
“A lot of people know us for bigger conversations, but the reason people stay so long is they’re finding their friends and meeting new people,” he said in an interview.
Users of Clubhouse, which is backed by venture capital firm Andreessen Horowitz, can “wave” at friends online in the app and a private audio chat room will open when a person accepts the wave. The user can then invite more contacts into the private room, or choose to open the chat to the public, Clubhouse said.
(Reporting by Sheila Dang in Dallas; Editing by Edmund Blair)
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