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WOW! Unlimited Media Inc. Announces Grant of Stock Options – Financial Post

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TORONTO and VANCOUVER, British Columbia, Feb. 12, 2021 (GLOBE NEWSWIRE) — WOW! Unlimited Media Inc. (“WOW!” or the “Company”) (TSXV: WOW; OTCQX: WOWMF) announces that it has granted stock options to certain employees and officers, pursuant to the Company’s stock option plan, as originally approved by shareholders on December 12, 2016 and subject to the TSX Venture Exchange policies and approval.

On February 10, 2021, the Company granted a total of 895,000 stock options, expiring in five (5) years, to certain employees and officers, including an aggregate of 400,000 stock options granted to the current Named Officers of WOW! (as disclosed in the Company’s management circular dated May 18, 2020). Each stock option entitles the holder thereof to subscribe for one (1) common share of the Company at an exercise price of C$0.62 per common share, calculated using the “10-day Volume Weighted Average Price” of the Company’s shares for the period ending, and including, February 9, 2021, as quoted on the TSX Venture Exchange.

In accordance with securities regulator requirements, any shares issued pursuant to the exercise of such stock options will be subject to resale restrictions for a period of four months from the date of grant.

About WOW!

WOW! is creating a leading animation-focused entertainment company by producing top-end content and building brands and audiences on engaging media platforms. The Company produces animation in its two established studios: Mainframe Studios in Vancouver and Frederator Studios in Los Angeles. The Company’s media offerings include Channel Frederator Network on YouTube, as well as WOW! branded programming on Crave, Canada’s premier streaming entertainment platform, owned by Bell Media. The Voting Shares are listed on the TSXV (TSXV: WOW) and the OTCQX Best Market (OTCQX: WOWMF).

Forward-Looking Statements:

This press release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “may”, “will”, “project”, “should” or similar words, including negatives thereof, suggesting future outcomes.

In particular, this press release contains forward-looking statements. Such statements reflect management’s current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by WOW!, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements. In making the forward-looking statements included in this press release, the Company has made various material assumptions, including, but not limited to general business and economic conditions; and changes in business strategy or development plans.

Forward-looking statements are not a guarantee of future performance and are subject to and involve a number of known and unknown risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risks identified in the Company’s Management’s Discussion and Analysis for its year ended December 31, 2019, which has been filed with the Canadian Securities Administrators and is available on the System for Electronic Document Analysis and Retrieval at www.sedar.com. Any forward-looking statements are made as of the date hereof and, except as required by law, the Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

Further information available at:

Website: www.wowunlimited.co

Contact: Bill Mitoulas, Investor Relations Telephone: (416) 479-9547  Email: billm@wowunlimited.co 

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Snap to cut emissions, achieves carbon neutrality in new climate strategy

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Snap Inc on Monday announced a climate strategy to reduce its greenhouse gas emissions, purchase 100% renewable energy and remain carbon neutral after offsetting emissions dating back to its launch.

The plan, which the owner of photo messaging app Snapchat detailed in its annual “CitizenSnap” report on social and environmental initiatives, comes as climate change debates include tech companies and the energy-intensive process of running powerful computer data servers has become better known.

By making the company more energy efficient, Snap could not only reduce costs in the long run, but also appeal to its mostly young user base, which is passionate about addressing climate change, said Dom Perella, Snap’s deputy general counsel and chief compliance officer.

“They’re going to be living with the brunt of these impacts for many generations,” he said. “Because it impacts our stakeholders… we want to make a difference.”

By 2025, Snap plans to reduce emissions generated from its business operations by 25%, in part by making its buildings more energy efficient and purchasing renewable energy, Perella said.

The company also aims to reduce emissions from business travel and from purchased goods and services by 35% “per unit of value” by shifting to climate-friendly travel options and pushing vendors to reduce their emissions.

Snap said it determined the reduction levels by working with the Science Based Targets initiative, a coalition that advises companies on reducing emissions to meet goals outlined by the Paris Agreement international treaty on climate change.

The Santa Monica, California-based company said it is now carbon neutral, helped by investing in forestry projects across the world to offset its emissions.

It also calculated its emissions dating back to Snapchat’s launch in 2011 and offset its emissions to become retroactively carbon neutral.

Other tech companies have also moved to offset emissions retroactively. Alphabet Inc’s Google said last year it had eliminated its carbon emissions history before 2007, when the company said it became carbon neutral.

 

(Reporting by Sheila Dang; Editing by Dan Grebler)

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Britney Spears calls recent documentaries about her ‘hypocritical’

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LOS ANGELES (Reuters) – Pop singer Britney Spears spoke out on Tuesday about recent documentaries about her life and career, calling them “hypocritical” because they rehash her personal problems while criticizing the media for reporting them the first time.

Walt Disney Co’s FX network and The New York Times released “Framing Britney Spears” in February. The documentary examined the singer’s meteoric rise to fame as a teenager, the ensuing media scrutiny and her widely publicized breakdown.And this month, the BBC released “The Battle for Britney: Fans, Cash and a Conservatorship” in Britain. It will debut in the United States and Canada starting May 11 via the BBC Select streaming service.

In an Instagram post, Spears did not name either documentary but said “so many documentaries about me this year with other people’s takes on my life.”

“These documentaries are so hypocritical … they criticize the media and then do the same thing,” she added.

In March, Spears said she cried for two weeks after watching part of “Framing Britney Spears”.

The BBC said in a statement on Tuesday that its documentary “explores the complexities surrounding conservatorship with care and sensitivity.”

“It does not take sides and features a wide range of contributors,” the statement added.

A New York Times spokesperson declined to comment.

Spears, who shot to fame in 1998 with the hit “Baby One More Time,” is in a court battle seeking to replace her father as her conservator. He was appointed to the role in 2008 after she was hospitalized for psychiatric treatment.

Her fans have shown their support on social media under the hashtags #We’reSorryBritney and #FreeBritney. Spears is scheduled to speak to a Los Angeles court in June.

In her Instagram post, which included a video of herself dancing, Spears said that “although I’ve had some pretty tough times in my life … I’ve had waaaayyyy more amazing times in my life and unfortunately my friends … I think the world is more interested in the negative.”

(Reporting by Lisa Richwine; Editing by David Gregorio)

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Grammy organizers change rules after allegations of corruption

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LOS ANGELES (Reuters) – The organizers of music’s Grammy Awards on Friday announced an end to the so-called “secret” committees that have led to allegations that the highest honors in the industry are open to rigging.

The Recording Academy said that nominations for the next Grammy Awards in January 2022 will be selected by all of its more than 11,000 voting members, instead of by committees of 15-30 industry experts whose names were not revealed.

The Academy was slammed last year when Canadian artist The Weeknd got zero Grammy nominations, even though his critically acclaimed album “After Hours” was one of the biggest sellers of 2020.

The Weeknd, in a Twitter post last November, said “The Grammys remain corrupt. You owe me, my fans and the industry transparency.”

The Recording Academy said in a statement on Friday that the changes were significant and were made “to ensure that the Grammy Awards rules and guidelines are transparent and equitable.”

Allegations that the Grammy nominations process is tainted were made in a legal complaint filed in early 2019 by the former chief executive of the Recording Academy, Deborah Dugan.

At the time, the Academy dismissed as “categorically false, misleading and wrong” Dugan’s claims that its members pushed artists they have relationships with. Dugan was later fired.

American pop star Halsey, also shut out of the 2021 Grammys, last year called the nominations process “elusive” and said she was “hoping for more transparency or reform.”

Former One Direction singer Zayn Malik called in March for an end to “secret committees.”

“I’m keeping the pressure on & fighting for transparency & inclusion. We need to make sure we are honoring and celebrating ‘creative excellence’ of ALL,” Malik tweeted hours ahead of the 2021 Grammy Awards ceremony.

The Recording Academy on Friday also said it was adding two new Grammy categories – for best global music performance, and best Latin urban music album – bringing to 86 the total number of Grammy Awards each year.

 

(Reporting by Jill Serjeant; Editing by David Gregorio)

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