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WildBrain to Cease Television Broadcast Operations Amid Strategic Shift

Story Highlights
  • WildBrain will cease its television broadcast operations after failed negotiations with Rogers.
  • The company is shifting focus to streaming and global licensing, enhancing strategic flexibility.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
WildBrain to Cease Television Broadcast Operations Amid Strategic Shift

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WildBrain ( (TSE:WILD) ) has shared an announcement.

WildBrain announced that its television broadcast business, including Family Channel and others, will cease operations following the inability to negotiate a new carriage agreement with Rogers Communications and a similar decision by Bell. This move aligns with WildBrain’s strategic shift away from the declining broadcast space in Canada, allowing the company to simplify its voting structure and focus on monetizing entertainment IP across streaming, YouTube, and consumer products, maintaining its position as a leader in kids’ entertainment.

The most recent analyst rating on (TSE:WILD) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on WildBrain stock, see the TSE:WILD Stock Forecast page.

Spark’s Take on TSE:WILD Stock

According to Spark, TipRanks’ AI Analyst, TSE:WILD is a Neutral.

WildBrain’s score is primarily influenced by its financial instability due to net losses and negative equity, posing significant risks. Positive factors include technical momentum and strong earnings call performance, but valuation concerns weigh heavily. Strategic growth in content and licensing offers potential, but financial health remains a critical concern.

To see Spark’s full report on TSE:WILD stock, click here.

More about WildBrain

WildBrain is a global leader in kids’ and family entertainment, specializing in content creation, audience engagement, and global licensing. The company manages a vast library of approximately 14,000 half-hours of content, featuring iconic franchises like Peanuts, Teletubbies, and Strawberry Shortcake.

YTD Price Performance: 13.17%

Average Trading Volume: 33,089

Technical Sentiment Signal: Hold

Current Market Cap: C$401.4M

For an in-depth examination of WILD stock, go to TipRanks’ Overview page.

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