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Boat Rocker Media ( (TSE:BAMI) ) has issued an update.
Blue Ant Media has acquired MagellanTV, a digital streaming company known for its premium factual content, for $12 million USD. This acquisition enhances Blue Ant’s global channels and streaming business, providing new monetization opportunities and strengthening its position as a leading provider of factual content. The deal marks Blue Ant’s first strategic acquisition following its recent RTO, and it is expected to unlock synergies by integrating MagellanTV’s platform with Blue Ant’s existing infrastructure, thereby increasing margins and expanding content offerings.
The most recent analyst rating on (TSE:BAMI) stock is a Hold with a C$8.00 price target. To see the full list of analyst forecasts on Boat Rocker Media stock, see the TSE:BAMI Stock Forecast page.
Spark’s Take on TSE:BAMI Stock
According to Spark, TipRanks’ AI Analyst, TSE:BAMI is a Neutral.
Boat Rocker Media’s overall stock score is primarily impacted by its weak financial performance and poor valuation metrics. The technical analysis suggests a bearish trend, further weighing on the score. The lack of positive earnings call data or corporate events leaves these areas unaddressed, focusing the score on the company’s current financial and market challenges.
To see Spark’s full report on TSE:BAMI stock, click here.
More about Boat Rocker Media
Blue Ant Media is an international streamer, production studio, and rights-management business. The company operates a diverse portfolio of free streaming and pay TV channels internationally, including Love Nature, Cottage Life, Smithsonian Channel Canada, BBC Earth Canada, HauntTV, Homeful, and Love Pets, as well as the global SVOD service MagellanTV. Its studio business produces and distributes a wide range of premium content across key genres for streaming and broadcast platforms worldwide. Blue Ant Media is headquartered in Toronto, with a presence in Los Angeles, New York, Miami, Singapore, London, Washington, Sydney, Halifax, and Ottawa.
Average Trading Volume: 2,603
Technical Sentiment Signal: Sell
Current Market Cap: C$121.3M
Find detailed analytics on BAMI stock on TipRanks’ Stock Analysis page.