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Mood Media Corp (MM.TO)

MM.TO on Toronto Stock Exchange

0.17CAD
28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Mood media announces update to court proceedings involving its subsidiary Muzak LLC
Wednesday, 26 Apr 2017 07:00am EDT 

April 26 (Reuters) - Mood Media Corp :Mood media announces update to court proceedings involving its subsidiary muzak llc.Mood media corp- appeals court issued decision regarding suit by soundexchange against muzak alleging underpayment by muzak of certain royalties.Mood media - appeals court reversed ruling of lower court and held that certain transmissions by muzak may be ineligible for such lower royalty rate.Mood media corp- company continues to assess potential impact of decision of appeals court on business and operations of company.Mood media corp - soundexchange had claimed damages against muzak ; amount could exceed $10 million.  Full Article

Mood Media enters into arrangement agreement with affiliates of several of its key stakeholders
Thursday, 13 Apr 2017 09:36am EDT 

Mood Media Corp : Mood Media announces acquisition of all outstanding common shares in connection with comprehensive transaction through arrangement agreement with key stakeholders . As per deal, all of issued and outstanding common shares of Mood Media will be acquired for C$0.17 in cash per share . US$350 million principal amount 9.25% senior unsecured notes due 2020 will be exchanged for consideration, per US$1,000 principal amount . As part of transaction, company will be re-domiciled from Canada to Delaware . Will refinance existing $250 million first lien credit facility with a new $315 million first lien credit facility . The new $315 million first lien credit facility is to be provided by funds and accounts managed by HPS Investment Partners . After deal,board to be comprised of directors nominated by affiliate of funds affiliated with Apollo, certain funds advised/sub-advised by GSO . It is also anticipated that, following completion of transaction, company securities will be delisted from TSX .Proceeds of new $315 million credit facility also to be used to redeem $50 million principal amount 10% senior unsecured notes due 2023 of co's unit.  Full Article

Mood Media Corp's blended ARPU in Q4 of 2016 was $40.78
Thursday, 9 Mar 2017 05:30pm EST 

Mood Media Corp : Mood Media reports full year 2016 financial and operating results achieving revenues of $465.3 million and adjusted ebitda of $93.2 million . Blended ARPU in Q4 of 2016 was $40.78, or a reduction of 3.5 pct relative to prior year's Q4 . In 2017, mood expects free cash flow will be positive and adjusted EBITDA to be stable relative to 2016 .Qtrly total monthly churn 0.8 pct versus 0.9 pct.  Full Article

Mood Media Corp - Net loss per share in Q2 2016 was $0.06
Wednesday, 10 Aug 2016 05:33pm EDT 

Mood Media Corp : Mood Media reports second quarter 2016 ebitda of $24.9 million . Mood reaffirms guidance for 2016 . In Q2 of 2016, mood reported revenues of $119.7 million, up 1.7% relative to prior year's Q2 .Net loss per share in Q2 2016 was $0.06.  Full Article

Mood Media Corp Q1 loss per share $0.05
Wednesday, 11 May 2016 05:00pm EDT 

Mood Media Corp : Affirms 2016 guidance for positive free cash flow & stable EBITDA . Q1 revenue $111.3 million . Q1 loss per share $0.05 .Mood media reports first quarter 2016 EBITDA of $21.8 million & free cash flow of $5.7 million.  Full Article

Mood Media Corp maintains FY 2015 EBITDA guidance
Wednesday, 13 May 2015 12:33am EDT 

Mood Media Corp:Maintains its FY 2015 guidance for EBITDA to rise moderately relative to FY 2014.Reported EBITDA of $101.21 million in FY 2014.FY 2015 EBITDA of $106.34 million - Thomson Reuters I/B/E/S.  Full Article

More From Around the Web

BRIEF-Mood media announces update to court proceedings involving its subsidiary Muzak LLC

* Mood media announces update to court proceedings involving its subsidiary muzak llc