This included $12.6 million for the Animation Production segment and $7.6 million generated by the Networks and Platforms segment for the three months ended September 30, 2021. Revenue for the three months ended September 30, 2021, was $20.2 million.Refer to discussion under Consolidated Results for a reconciliation of Operating EBITDA and Operating profit (loss) to Net income (loss).
Weighted average number of shares outstanding:ġ Operating EBITDA and operating profit (loss) include amortization of investment in film and television programming. Operating EBITDA for the quarter was $2.4 million.Revenue for the quarter was $20.2 million.Mainframe’s commitment to a long-term work from home strategy provides flexibility to its teams with a strong focus on work-life balance and this approach will provide opportunities for talent across Ontario. The studio will be virtually connected to Mainframe’s Global Studio Pipeline. On August 16, 2021, the Company’s Mainframe division announced the opening of a virtual studio in Toronto.
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The Company completed delivery of the 60-minute animated movie titled Barbie: Big City, Big Dreams, which premiered on Netflix on September 1, 2021.("Genius Brands") (NASDAQ: GNUS) whereby Genius Brands will acquire all of the issued and outstanding shares of the Company for approximately $66 million ($53 million USD) in cash and stock. On October 27, 2021, the Company announced it had entered into a definitive arrangement agreement with Genius Brands International, Inc.As at September 30, 2021, the Company’s production backlog was $70.0 million representing animation work to be completed primarily over the next 24 months.
25, 2021 (GLOBE NEWSWIRE) - WOW! Unlimited Media Inc.