International Media Acquisition Corp.

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About Us

About Us

International Media Acquisition Corp. is special purpose acquisition company (SPAC), incorporated under the laws of the State of Delaware, USA, on January 15, 2021. We were formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Although there is no restriction or limitation on what industry or geographic region our target operates in, we intend to pursue targets in North America, Europe and Asia (excluding China) in the media and entertainment industry. We intend to focus specifically on companies that are positioned to benefit directly from the growth of digitally available content. While our efforts to identify a target will not be limited to any particular M&E segment or geography, we intend to focus our search on content, film, post-production and/or visual effects facilities, animation, streaming, augmented and virtual reality, music, digital media, gaming and e-sports.

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Acquisition Strategy

Our goal is to identify and acquire a business with untapped opportunity for building a public company. We believe that our management’s and directors’ experiences, from evaluating assets through investing and company building, will enable us to source and execute a business combination with high quality targets. Our selection process will leverage the relationships of our board with leading venture capitalists, private equity and hedge fund managers, respected peers, and our network of investment banking executives, attorneys, and accountants. Together with this network of trusted partners, we intend to capitalize the target business and create purposeful strategic initiatives in order to achieve attractive growth and performance after our initial business combination.

We also believe that the COVID-19 global pandemic will impact the M&E industry differently within various segments. Our management expects that there will be some strong businesses that may end up in special situations and may need capital and expertise to grow their business. Some examples of such scenarios are:

  • now at-risk companies with solid business fundamentals looking for capital to continue their growth trajectory:
  • studios and production houses with strong content libraries and pipelines seeking financing deals to make up for an unforeseen lack of liquidity;
  • media assets being valued significantly lower than they had been previously; and
  • new media entities (e.g., digital media, over-the-top (“OTT”), e-sports, animation and visual effects studios) housed within struggling traditional media companies.

As a result, we anticipate that there will be many potential targets within the M&E industry for our initial business combination.

In particular, we intend to focus our search for an initial business combination target on private companies in North America, Europe and Asia that have positive operating cash flow or compelling economics and clear paths to positive operating cash flow, significant assets, and successful management teams that are seeking access to the U.S. public capital markets. Our selection process is expected to leverage our board’s deep and broad network of relationships, industry expertise and deal sourcing capabilities to provide us with a strong pipeline of potential targets.

Business Combination Criteria

While we may acquire a business in any industry and in any geography, we plan to focus our pursuit for business combination opportunities with companies operating in the media and entertainment and adjacent industries including, but not limited to gaming, OTT distribution, online social media, online commerce, events, celebrity and talent management, app-based applications in media and entertainment such as royalty contracts, merchandising, sports, leisure and hospitality, publishing and marketing.

Our objective is to focus on seeking businesses combination in the media & entertainment and related industries which capitalize on our management team’s expertise. We expect to utilize our management team’s experience in operating and leading businesses in these media & entertainment sectors and leverage their network of relationships to identify attractive high-growth businesses within our areas of focus.

We believe our management team is well positioned to create value for our stockholders, and that our contacts and sources, including “A list” media personalities and film stars, film producers, talent management agencies and owners of private and public companies, private equity funds, and the investment bankers and legal and finance professionals advising these sectors, will allow us to generate attractive acquisition opportunities.

We believe many potential business combination targets within our universe of consideration could benefit from access to the public markets but have thus far been unable to do so due to a variety of reasons, including lack of scale and perceived volatility of the creative businesses. For the consummation of our initial business combination, we will be targeting entities that can provide meaningful financial scale and immediately identifiable cost and operational improvements that will support an expanded presence in the marketplace.

We intend to focus our investment effort broadly across the media, entertainment, and related technology markets. We believe that the operating expertise of our management in media and entertainment across multiple industry verticals will give us a large, addressable universe of prospective business combination targets. We intend to target an initial business combination that has one or more of the following characteristics:

Prospective Target Size: Enterprise value is between $150 million and $500 million.

Strong Fundamentals: Fundamentally sound entities that may currently be underperforming and can benefit from being a publicly traded company, with access to broader capital markets.

Strong creative and management professionals: Strong personnel with a proven track record of driving growth and profitability, and can benefit from the vast network, experience and guidance of our management and Board in the industry.

Established Brand: Reputable brands that can benefit from our management and Board’s operating experience to scale the business.

Recurring Business Operations: Recurring, predictable revenues with high year-on-year growth that produce or have the potential to generate large and sustainable free cash flows.

Attractive Valuations: We intend to focus on targets that can be acquired at reasonable valuations.

Opportunities for Expansion and Operational Enhancements: Situations where additional investment and/or innovation can result in improvements in operational and/or financial performance.

Benefit from Access to Capital and Public Markets: Targets with significant near-term growth and value creation through access to capital.

High-Growth Markets: Businesses in higher-growth sub-sectors and geographies in selected developed and emerging international markets.

Companies with Potential to Benefit from Digital Disruption: Targets with businesses at the intersection of media and technology that currently, or have the potential to, benefit from digital disruption, or a disruption of the traditional business model.

Multicultural / Multilingual Media opportunities: Targets that address the demand of minority communities and regional languages that are often underserved by media and entertainment options, and seek to provide better choices to match their audiences’ diverse interests.

Leverage Our Management Team Expertise: Targets that can particularly capitalize on our management team’s domain expertise acquired through decades of hands-on experience, deep geographic insights, long standing personal relationships, wide network of C-suite contacts, and strategic deal- making experience.

The parameters mentioned above are not intended to be exhaustive. Any evaluation relating to the merits of a particular initial business combination may be based, to the extent relevant, on these general guidelines as well as other considerations, factors and criteria that our management team may deem relevant. In the event that we decide to enter into our initial business combination with a target business that does not meet the above criteria and guidelines, we will disclose that the target business does not meet the above criteria in our stockholder communications related to our initial business combination, which, as discussed in this prospectus, would be in the form of proxy materials or tender offer documents, as applicable, that we would file with the SEC.

Our filings made with the Securities and Exchange Commission (SEC) can be viewed here.