WildBrain Provides Update on Its Television Broadcast Business

Core Viewpoint - WildBrain Ltd. is ceasing its television broadcast business due to the inability to negotiate new carriage agreements with Rogers Communications and Bell, leading to the conclusion that the Channels are no longer commercially viable [2][3][5]. Company Update - WildBrain has announced that it will surrender the Channel licenses to the Canadian Radio-television and Telecommunications Commission (CRTC) and will simplify its voting structure to a single class, enhancing strategic flexibility [3]. - The decision to discontinue the Channels is expected to have minimal impact on the broader business strategy, as WildBrain continues to focus on monetizing its entertainment IP across various platforms [5]. Financial Performance - The company reported a 17% growth year-to-date through the third fiscal quarter, indicating strong performance beyond the television business despite industry challenges [6]. Strategic Direction - WildBrain is aligning its business with changing consumer habits, strategically exiting the declining broadcast space in Canada while leveraging its iconic IP such as Peanuts, Strawberry Shortcake, and Teletubbies across streaming and consumer products [5][6].