Fairfax controlled Boat Rocker Media files for IPO on TSX

Boat Rocker Media Inc., a company majority owned by Fairfax Financial Holdings Limited (TSX: FFH, FFH.U), has filed a preliminary base PREP prospectus for a proposed initial public offering (IPO) and secondary offering of subordinate voting shares.

The number of subordinate voting shares to be sold and the price per subordinate voting share have not yet been determined.

Boat Rocker Media has applied to have the Subordinate Voting Shares listed on the Toronto Stock Exchange (TSX) under the trading symbol “BRMI.”

Boat Rocker Media co-founders, Ivan Schneeberg and David Fortier, and CEO John Young are selling unspecific number of subordinate voting shares as part of the secondary offering.

Toronto based Boat Rocker is an independent, integrated global entertainment company. Boat Rocker Studios, the company’s creative engine, creates, produces and distributes award winning content and franchises across all major genres via its Scripted, Unscripted, and Kids & Family divisions. The Studio distributes and licenses thousands of hours of its own and third-party content worldwide. Boat Rocker owns or invests in companies, including Insight Productions (Unscripted), Jam Filled Entertainment (2D and 3D Animation), Industrial Brothers (Kids & Family Animation) and Untitled Entertainment, a leading global talent management company that represents leading on-screen talent and celebrities.

Schneeberg and Fortier, former entertainment lawyers, founded Boat Rocker Media in 2003. Young joined the company as CEO in 2009.

Fairfax Financial Holdings Limited acquired majority stake in Boat Rocker Media in 2015, buying out minority stake previously held by BBC Worldwide.

In March 2019, Evolution Media acquired a stake in Boat Rocker Media.

Following the closing of the offering, Boat Rocker Media will have two classes of issued and outstanding shares: subordinate voting shares and multiple voting shares. Fairfax, Fortier, Schneeberg and Young, will directly or beneficially own 100% of the multiple voting shares.

photo credit: Boat Rocker Media

News Release

Global Entertainment Company Boat Rocker Media Files Preliminary Prospectus for Initial Public Offering

Not for distribution to U.S. news wire services or dissemination in the United States

TORONTO, ON – February 12, 2021 – Boat Rocker Media Inc. (“Boat Rocker” or the “Company”), an independent, integrated global entertainment company, announced today that it has filed, and obtained a receipt for, its preliminary base PREP prospectus (the “Preliminary Prospectus”) with the securities regulatory authorities in each of the provinces and territories in Canada for the proposed initial public offering of subordinate voting shares in Boat Rocker (the “Offering”). The number of subordinate voting shares to be sold and the price per subordinate voting share have not yet been determined.

The Offering is being led by a syndicate of underwriters led by RBC Capital Markets and TD Securities Inc. as joint bookrunners (the “Lead Underwriters”).

Stikeman Elliott LLP is acting as legal counsel to Boat Rocker and Goodmans LLP is acting as legal counsel to the Lead Underwriters. Whiteshell Advisory Inc. acted as an advisor to the Company.

The Preliminary Prospectus contains important information relating to the Offering, is still subject to completion or amendment, and has not yet become final for purposes of a distribution of securities to the public. No securities regulatory authority has either approved or disapproved the contents of this news release. This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy the subordinate voting shares in any province or territory of Canada until a receipt for the final prospectus has been issued. Copies of the Preliminary Prospectus may be obtained from any of the Lead Underwriters and will be available under Boat Rocker’s profile on SEDAR at www.sedar.com.

The securities under the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States and may not be offered, sold or delivered, directly or indirectly, in the United States, except to Qualified Institutional Buyers (as defined in Rule 144A of the U.S. Securities Act) pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or solicitation of an offer to buy any securities of Boat Rocker in any jurisdiction in which such offer or solicitation is not permitted.

About Boat Rocker

Boat Rocker is an independent, integrated global entertainment company that harnesses the power of creativity and commerce to tell stories and build iconic brands for audiences around the world. Boat Rocker Studios (the “Studio”), the Company’s creative engine, creates, produces and distributes award winning content and franchises across all major genres via its Scripted, Unscripted, and Kids & Family divisions. The Studio distributes and licenses thousands of hours of its own and third-party content worldwide. Boat Rocker owns or invests in companies in the entertainment industry that bolster the company’s strategic and operational goals, including Insight Productions (Unscripted), Jam Filled Entertainment (2D and 3D Animation), Industrial Brothers (Kids & Family Animation) and Untitled Entertainment, a leading global talent management company that represents leading on-screen talent and celebrities. A selection of Boat Rocker’s projects include: Orphan Black (BBC AMERICA, CTV Sci-Fi Channel), Dear…(Apple TV+), Lip Sync Battle (Paramount Network), The Amazing Race Canada (CTV), MasterChef Canada (CTV), The Next Step (Family Channel, CBC), The Loud House (Nickelodeon), Remy & Boo (Universal Kids, CBC), and Dino Ranch (CBC, Disney Junior). For more information, please visit www.boatrocker.com.

Contact:
Craig Armitage
Boat Rocker Media, Investor Relations
craig.armitage@loderockadvisors.com
416.347.8954
Or
Matt Salvatore
Boat Rocker Media, Corporate Communications
msalvatore@national.ca
343-542-3543