Healthy Balance Sheet
The company remains debt-free with $52.7 million of cash available for use at the quarter end.
Investment in IP and Co-Productions
Focus on distribution, rights management, and investment in IP with co-production opportunities to drive growth.
Renewals and New Productions
Several projects received renewals and new productions including 'The Next Step' for a 10th season, 'Palm Royale' for a 2nd season, and a new series 'BET' for Netflix.
Kids and Family Segment Growth
Revenue in this segment increased by 25% compared to the previous year, driven by higher service output and increased production and distribution revenues.