Conference call notes:
Last comment was, (paraphrase) they are going to make us happy this year.
Started with a repeat of financials released in report. They did mention expanding merchandising. They are still having discussions on the strategic review. YouTube business is growing. Will start producing original content and helping creator owned IP people. IP projects segment is growing, goal to get to 50-50 (IP animation-service animation). The company is on course for an exciting 2021 (maybe 2022? notes are messed up, need to listen again).
Q&A highlights
IP 44 episode series should be finished by end of year 2022.
All restricting benefits have been captured. Company will concentrate on growing revenue streams, depends on going to events, will start to participate more in virtual events.
Company is engaged in E-commerce, especial with Frederator Books.
Goal is for 50-50 IP animation-service animation. The company was at 80 to 85% service. The company is heading to 50%, but, depends on green lighting projects. Company is careful about green lighting projects. Can't predict when will reach 50%
On seasonality, later half of the year tends to be better than first half. For YouTube stuff Q4 is best. Animation side, service tends to be even throughout the year, IP animation is harder to predict, projects can be pushed back or customer may delay delivery.
Spinmaster project: Sounds like new property (? not sure). Just starting production, delivery estimated for 2022-2023.
Again, last comment is them making us happy this year.
