R evenue is up 77% for B.C.-based Thunderbird Entertainment for the first three months of fiscal year 2021/2022, related to growth in service production and the delivery of Strays, the spin-off series from Kim’s Convenience for CBC.
The animated, factual and scripted producer’s revenue increased to $35.1 million, compared to $15.3 million for the same quarter last year.
Also up is the adjusted EBITDA, climbing 31% to $6.3 million compared to $4.8 million over the same period in 2020. Free cash flow rose 183%, to $3.4 million for the quarter, compared to $1.2 million last year.
Twenty-seven programs were in various stages of development in Q1 across all divisions, including kids and family-focused Atomic Cartoons and factual and scripted-Great Pacific Media; 12 projects are company or partner-managed IP.
In Canada, Thunderbird works with Bell Media’s Discovery, Corus Entertainment and CBC; but it has multiple projects with U.S. and international streaming and network partners.
Atomic Cartoons’ slate for Q1 is 18 projects, 16 animated television series or programs and two animated feature-length films including: Mighty Express, season 4, exclusively on Netflix; the Lego Star Wars Terrifying Tales special for Disney+ and Trolls: TrollsTopia (season four) streaming on Peacock and Hulu. Marvel’s Spidey and His Amazing Friends — the first full-length Marvel series for preschoolers — is premiering on Disney Channel and Disney Junior; while Curious George: Cape Ahoy is debuting on Peacock.
In the factual division, GPM was in production on eight series or documentaries, including Highway Thru Hell (pictured, season 11), Heavy Rescue: 401 (season 7) and Mud Mountain Haulers (season 2). Upcoming first-season series include Deadman’s Curse (working title), Gut Job, Styled (working title), The Teenager and The Lost Mayan City (working title) and Dr. Savannah: Wild Rose Vet in conjunction with Wapanatahk Media.
Last week, GPM announced it was partnering with director, writer and producer Brad Peyton (San Andreas) and physicist Michio Kaku on If: Imagine the Impossible, based on the top science program on YouTube.
Also in the works is Reginald the Vampire, a fully-owned scripted series starring Spider-Man‘s Jacob Batalon. SyFy picked up in a straight-to-series order being co-produced with Harley Peyton and Jeremiah Chechik’s Canada-U.S. straddling prodco Modern Story Company and December Films.
“Content remains king and Thunderbird is laying the foundation to sustainably grow with the ever increasing demand. With quality as our North Star and our focus on maintaining a culture that is diverse, inclusive and promotes excellence, Thunderbird will continue to lead in delivering premium content to our partners, further driving shareholder value,” said Jennifer Twiner McCarron, Thunderbird CEO, in a statement with the release of the results.