{"id":3386,"date":"2020-05-11T19:52:11","date_gmt":"2020-05-11T19:52:11","guid":{"rendered":"https:\/\/thunderbird.tv\/2020\/05\/11\/thunderbird-entertainment-group-provides-operational-update-and-announces-new-investor-relations-firm-partnership\/"},"modified":"2020-05-11T19:52:11","modified_gmt":"2020-05-11T19:52:11","slug":"thunderbird-entertainment-group-provides-operational-update-and-announces-new-investor-relations-firm-partnership","status":"publish","type":"post","link":"https:\/\/thunderbird.tv\/2020\/05\/11\/thunderbird-entertainment-group-provides-operational-update-and-announces-new-investor-relations-firm-partnership\/","title":{"rendered":"Thunderbird Entertainment Group Provides Operational Update and Announces New Investor Relations Firm Partnership"},"content":{"rendered":"

Global award-winning, full-service multiplatform production, distribution and rights management company remains fully operational<\/em><\/p>\n

New personnel hired in April to meet increased demand for animation and factual content<\/em><\/p>\n

Bristol Capital engaged to increase institutional and professional investor awareness <\/em><\/p>\n

VANCOUVER, CANADA (May 11, 2020)<\/strong> — Thunderbird Entertainment Group Inc. (TSXV:TBRD, OTC:THBRF) (Thunderbird or the Company), a global award-winning, full-service multiplatform production, distribution and rights management company, today provided a business\u00a0 and \u00a0production update in response to the ongoing COVID-19 pandemic.<\/p>\n

Thunderbird remains fully operational, with the Company\u2019s entire team of more than 1,000 crew members across all divisions having been set up to work remotely since March 30, 2020. Engineering work to move teams offsite started in February, and was rolled out in March, with optimization taking place in early April. This foresight and quick action allowed the Company to continue delivering premium content, with all productions in development moving forward. Thunderbird\u2019s ability to remain fully operational has also allowed it to respond to increased demand for content as major broadcasters and streamers are looking to fill slots and replace other productions where filming has been halted due to the pandemic. New Thunderbird team members have been hired to help meet this demand. The Company continues to pitch, develop, produce, sell, deliver and service content to its partners including Netflix, NBCUniversal, Nickelodeon, PBS, WGBH, Bell Media’s Discovery, APTN, Corus Entertainment, the Weather Channel, and the CBC, among others.<\/p>\n

\u201cWhile the pandemic has created unprecedented situations, I am proud and humbled by the nimbleness and resilience of the Thunderbird team; how we safeguarded our business, kept people working and\u00a0doubled down on producing meaningful content that can bring a touch of joy when people need it most,\u201d stated Mark Miller, President of Thunderbird. \u201cViewers around the world are hungry for top-quality content as they spend more time at home,\u00a0and it has been\u00a0been inspiring to be a part of an industry working together to keep people entertained.\u00a0Health and safety have always been our top priority, and Thunderbird\u2019s artists continue to set the benchmark by finding new ways to keep working and remain connected.\u201d<\/p>\n

Factual\/Unscripted Division<\/em><\/p>\n

Work on all of the factual productions in development, which includes three series and one standalone documentary, is continuing without interruption, and all schedules remain intact. By implementing innovative and new filming techniques, field crews have been able to continue their work safely.<\/p>\n

Kids and Family Division<\/em><\/p>\n

All productions in development are moving forward, and the Company is working closely with all partners to successfully minimize workflow interruptions. Feedback from the kids and family team signals that many team members are enjoying the new work-from-home set-up, which includes a strong mental health and well-being component that was rolled out in tandem. The Company is exploring future working structures that are flexible, nimble, prioritize health, and allow for people to work in the environments where they thrive.<\/p>\n

Scripted Division<\/em><\/p>\n

Thunderbird\u2019s award-winning scripted comedy series Kim\u2019s Convenience<\/em> was renewed for seasons five and six, which are scheduled for 2021 and 2022 respectively. The teams are currently developing scripts in a virtual writers\u2019 room. Thunderbird has a dozen additional scripted projects in development.<\/p>\n

Distribution Division <\/em><\/p>\n

Thunderbird\u2019s distribution team has experienced a dramatic increase in demand for the Company’s content as streamers and networks look to fill their schedules.\u00a0 Thunderbird\u2019s library is comprised of popular titles across multiple genres, including Continuum<\/em>, Mr. Young<\/em>, Highway Thru Hell<\/em>, and Beat Bugs<\/em>.<\/p>\n

Investor Relations Services Agreement<\/em><\/p>\n

Thunderbird has also entered into an investor relations services agreement (the \u201cIR Agreement<\/strong>\u201d) with Bristol Capital Ltd. (\u201cBristol<\/strong>\u201d), a leading investor relations and capital markets advisory firm based in Toronto, Ontario and owned by its principals.\u00a0 Under the IR Agreement, Bristol will provide investor relations services with the general objective of expanding awareness of the Company amongst thousands of key buy- and sell-side investor professionals who are based throughout the United States, Canada and Europe.\u00a0 The initial term of the IR Agreement is for one year commencing immediately.\u00a0 The agreement may be extended or terminated by either party under certain circumstances.\u00a0 Under the agreement, compensation ranges between $7,000 and $10,000 per month, depending on the scope of services provided by Bristol to Thunderbird.\u00a0 Two shareholders of Thunderbird have granted Bristol options to acquire in aggregate of 140,000 common shares of Thunderbird.\u00a0 The options will have an exercise price of $2.00 per common share, with an expiry date of 30 months from the date of option grant.\u00a0 The underlying common shares will vest at 35,000 shares per quarter over the course of the first calendar year, with all common shares vesting after one year.<\/p>\n

\u201cWith many of our biggest customers and partners hitting record subscriber numbers, and our Company expected to come out of this crisis stronger than ever, we feel it is a great time to focus our attention on increasing awareness of Thunderbird and sharing our story with a broader investor community,\u201d stated Brian Paes-Braga, Chairman of Thunderbird. \u201cBristol is a perfect fit with their broad network, experience, virtual road show capabilities, and well-established track record of supporting micro and small cap companies in Canada to increase their domestic and international investor exposure.\u201d<\/p>\n

To receive regular updates from Thunderbird, please visit www.thunderbird.tv<\/a> to subscribe to the Company\u2019s emailing list.<\/p>\n

ABOUT THUNDERBIRD ENTERTAINMENT GROUP<\/strong><\/p>\n

Thunderbird Entertainment Group is a global award-winning, full-service multiplatform production, distribution and rights management company, headquartered in Vancouver, with additional offices in Los Angeles, Toronto, and Ottawa. Thunderbird creates award-winning scripted, unscripted, and animated programming for the world\u2019s leading digital platforms, as well as Canadian and international broadcasters. Thunderbird\u2019s vision is to produce high quality, socially responsible content that makes the world a better place. The Company develops, produces, and distributes animated, factual, and scripted content through its various divisions, including Thunderbird kids and family (Atomic Cartoons), Thunderbird factual (Great Pacific Media) and Thunderbird productions. Thunderbird is on Facebook, Twitter, and Instagram at @tbirdent. For more information, visit:\u00a0www.thunderbird.tv<\/a>.<\/p>\n

Investor Relations Contacts:<\/strong><\/p>\n

Glen Akselrod, Bristol Capital<\/p>\n

Phone: + 1 905 326 1888 ext 1<\/p>\n

Email: glen@bristolir.com<\/p>\n

Media Relations Contact: <\/strong><\/p>\n

Julia Smith, Finch Media<\/p>\n

Phone: +1 604 803 0897<\/p>\n

Email: julia@finchmedia.net<\/p>\n

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility of the adequacy or accuracy of this release, which has been prepared by management.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Global award-winning, full-service multiplatform production, distribution and rights management company remains fully operational New personnel hired in April to meet increased demand for animation and factual content Bristol Capital engaged to increase institutional and professional investor awareness VANCOUVER, CANADA (May 11, 2020) — Thunderbird Entertainment Group Inc. 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