DHX Media Ltd. (NASDAQ:DHXM) Q4 2019 Earnings Conference Call - Final Transcript

Sep 23, 2019 • 08:00 am ET


DHX Media Ltd. (NASDAQ:DHXM) Q4 2019 Earnings Conference Call - Final Transcript


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Good morning and welcome to the DHX Media Fiscal 2019 Fourth Quarter and Full Year Earnings Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. [Operator Instructions].

I'd now like to turn the call over to Nancy Chan-Palmateer, Director, Investor Relations at DHX Media. You may begin your conference.

Nancy Chan-Palmateer

Thank you, operator and thank you everyone for joining us today. Speaking on the call today are Eric Ellenbogen, our CEO and Vice Chair and Doug Lamb, our CFO. Also with us and available during the question-and answer-session are Josh Scherba, our President and Aaron Ames, our COO.

First, we have some standard cautionary statements. The matters discussed on this call include forward-looking statements under applicable securities laws with respect to the company, including but not limited to statements regarding the rebrand, name-change and management reorganization of the company, expected cost and savings associated with such reorganization and use of such savings, the business strategies and operational activities of the company and the future financial and operating performance of the company and its assets. Such statements are based on information currently available and are subject to a number of risks and uncertainties. Actual information currently available, actual results or events in the future could differ materially and adversely from those described in the forward-looking statements as a result of various important factors, including the risk factors set-out in the company's most recent MD&A and Annual Information Form.

For the question-and-answer session that will follow, we ask that each analyst keep to one question with one follow-up, so that everyone has a chance to ask questions. If you would like to ask an additional question, please rejoin the queue.

I will now hand the call over to our CEO and Vice Chair, Eric Ellenbogen.

Eric Ellenbogen

Thank you, Nancy. Thanks to everybody on audio line for joining us today. I'm pleased to be with you on what is my inaugural call, first time you're hearing from me as CEO. So we'll get to Doug and the earnings results in just a moment, but before we get to that, I'd like to talk to you about the announcements that we made today that set the stage for our path forward.

First is a total rebrand and change of our company. We're becoming WildBrain and second is the management and business reorg to simplify our structure and advance the priorities that I have for our company. So I'm going to tell you more about these changes and priorities in a moment. But what I'm not going to tell you is that I have a silver-bullet. It's no news to anyone on the call or in this room that DHX Media has faced some considerable challenges in recent years. I believe that these first steps which we're taking now together with more to come will ultimately deliver on what we're all in this for, which are long-term sustainable growth, improved cash flow and a