Boat Rocker Media: BOAT ROCKER MEDIA LEADERSHIP SIGN DEFINITIVE AGREEMENT TO ACQUIRE BOAT ROCKER STUDIOS IN MANAGEMENT BUYOUT

Deal allows for the studio business to continue under current leadership as a top multi-genre content producer and international distributor Concurrently Blue Ant Media will go-public via a reverse-takeover of BRMI and acquire Insight Productions, Jam Filled Entertainment and Proper TelevisionTORONTO, March 24, 2025 /CNW/ - Boat Rocker Media Inc. (BRMI) Co-Founders & Co-Executive Chairmen Ivan Schneeberg and David Fortier and CEO John Young ("IDJCo") have signed a definitive agreement with BRMI (a public company listed on the TSX) to acquire the Boat Rocker Studios business from BRMI in a management buyout. The transaction is currently expected to close in June of 2025 pending shareholder and regulatory approvals and the satisfaction of other closing conditions.The deal will see the three respected media executives and partners acquire the content business that Schneeberg and Fortier founded over twenty years ago as a small production company, and which has become Canada's pre-eminent content studio. The company will carry on as Boat Rocker and use the Boat Rocker names and brands and operate with the existing Boat Rocker Studios creative, production, distribution, studio finance and brands & franchise employees and infrastructure across its global offices. The deal will include Boat Rocker Studio's content investment business, all current projects, all library titles, and the company's fully integrated production, distribution, and brand assets and operations (except as provided below). Also included are Boat Rocker's ...Full story available on Benzinga.com