The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Dan Kurnos - Benchmark Company - Analyst
: Great, thanks. Good morning. Josh, or even Nick to a degree too, maybe just help us think about, in the confines of the guidance for the year, the
mix between content creation, audience engagement and global licensing.
Because Josh, so we heard from Paramount this morning that they're actually, they flagged a longer ramp in spinning up their own content and it
feels like the industry is still sluggish and obviously your Q1 results suggest it's super lumpy.
So just some timing thoughts around that would be super helpful. And I am curious if on the licensing side, which is an excellent print in the quarter,
if that was in line with your expectations, or if there were certain things that broke your way in the quarter that helped drive that number.
Question: Dan Kurnos - Benchmark Company - Analyst
: No, that's fair and super helpful. Josh, I've asked you this before, but what do you need to invest in or build out to really tap into the FAST opportunity?
it seems like the market, it's FAST, is still the fastest growing segment of the streaming market it's going to continue to be that way. And have
Netflix, which is everything behind the paywall and the other guys, which I think are realizing that better monetization and better reach equals
higher dollars.
So just your thoughts on tempered expectations just around time to ramp that. But it's clearly an area that drive long tailed penetration. And so
I'm just curious what groundwork you need to lay to get there.
Question: Dan Kurnos - Benchmark Company - Analyst
: No, that makes total sense. And then just the last one for me because I do want to stress the result you had in licensing in the quarter. You gave a
directional color both on Peanuts and other brands. And obviously you've got the Peanuts anniversary to of in that and use as a selling point.
But how do we think about Peanuts sustain whatever growth rate you saw? There was probably an easier comp in Q1, but can we sustain the
growth rate and do the other brands like still have the same level of momentum?
Do we get incremental from you guys? Driving a better monetization with Teletubby and Strawberry? Like just how do we think about the balance
of growth between Peanuts and all other going forward?
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NOVEMBER 08, 2024 / 3:00PM, WILD.TO - Q1 2025 WildBrain Ltd Earnings Call
Question: Dan Kurnos - Benchmark Company - Analyst
: Got it. Super helpful guys. Thanks so much for the Color.
Question: Drew McReynolds - RBC - Analyst
: Yeah, thanks very much. Good morning. And it's great to see that the licensing momentum. Just following up on the last set of questions, with the
75th anniversary of Peanuts. Obviously, it's going to be a good year, and you have growth in APAC and Japan?
Do you get to a point where the comp begins to be tough looking out into fiscal '26 and '27 on the Peanuts brand or in your view while the growth
rates may not match, you can still certainly grow off the 75th year?
And then second, and a little bit of follow up on the last set of questions. So great to see the broader proprietary brand portfolio to flight of the
properties that you've mentioned that you own. When you dive into your library underneath the hood. Are there one or two others that potentially
could be relaunched, I guess through the medium term?
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NOVEMBER 08, 2024 / 3:00PM, WILD.TO - Q1 2025 WildBrain Ltd Earnings Call
Question: Drew McReynolds - RBC - Analyst
: Okay. That's great context and one last one more broader industry question, just the whole industry gets back up on its feet. we've seen some
other independent content companies, albeit not necessarily pure animation.
Talk about some of the demand coming from the global streaming platforms just not really hitting some of the independence and what they can
supply. And if that's this disintermediation or just a shift in what the streaming platforms want. But are you seeing any disintermediation from
where you sit just more broadly?
And then in addition to that question, just on the linear broadcasting side, content and distribution, the traditional business. Obviously seeing
accelerated pressure globally on linear broadcasters. Just wondering how that demand for content in distribution and library demand is holding
up and presumably it's being offset by demand from streaming platforms, but just wanted to get your updated thoughts on that.
Question: Drew McReynolds - RBC - Analyst
: Yeah, that's great, Josh. Thanks for all that. Appreciate it.
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