IDW Media Holdings, Inc. Provides Financial Guidance for the First Quarter and Fiscal Year 2020 and Fiscal year 2021
January 22, 2020
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IDW Media Holdings, Inc. provided financial guidance for the first quarter and Fiscal year 2020 and Fiscal year 2021. For the first quarter of 2020, the company expected to realize a loss of approximately $2.6 million on the delivery of the remaining three episodes of "October Faction" to Netflix.
For the fiscal year 2020, the company expected to generate improved financial performance inclusive of the legacy impacts noted above and the positive EBITDA contribution from the delivery of season one of "Locke & Key."
For the fiscal year 2021, the company anticipated that the company and each of its three businesses will operate profitably.
IDW Media Holdings, Inc. is an integrated media company providing compelling stories and characters for global audiences. The Company's segments include IDW Publishing (IDWP) and IDW Entertainment (IDWE). IDWP is a publishing company that creates comic books, graphic novels and digital content through its imprints IDW, Top Shelf Productions and Artists Editions. IDWE is a production company and studio that develops, produces and distributes content based on IDWP original, copyrighted intellectual property (IP), published in the form of comic books, graphic novels and any other forms of print publication, for a variety of formats, including film and television. Its comics and graphic novels are primarily distributed through three channels: to comic book specialty stores; to traditional retail outlets, including bookstores and mass market stores, on a returnable basis, and to e-book distributors. IDWP publications are available digitally through a range of distributors.
IDW MEDIA HOLDINGS, INC. 
