On March 24, 2025, Boat Rocker Media Inc. (BRMI) entered into definitive agreements with Blue Ant Media Inc. and IDJCo for a reverse takeover and management buyout. Blue Ant, controlled by Michael MacMillan, will go public through a reverse takeover of BRMI, forming Blue Ant Media Corporation, with an implied share valuation of C$1.80. Blue Ant shareholders will hold 73.5% of the Resulting Issuer, while BRMI shareholders will retain 26.5%. The Resulting Issuer will remain listed on the TSX. Simultaneously, IDJCo, led by BRMI’s co-founders and CEO, acquired Boat Rocker Studios, including all scripted, unscripted, and kids & family television production, distribution, and brand assets. The Resulting Issuer will retain Canadian production businesses, generating C$118 million in 2024 revenue. Fairfax Financial Holdings supported the transaction by acquiring BRMI’s minority stake in TIG for US$11.6 million and guaranteeing IDJCo’s promissory note. Fairfax will also provide financial backstops and ensure minimum cash thresholds.

Scotiabank acted as independent valuator and financial advisor for BRMI's Special Committee, with Goodmans LLP as independent legal advisor to the Special Committee and Stikeman Elliott LLP as legal advisor to BRMI. Cormark advised Blue Ant, with Bennett Jones LLP as legal advisor. Torys LLP advised Fairfax, while Osler, Hoskin & Harcourt LLP advised IDJCo.