BuzzFeed Inc. Subsidiary Acquires Majority Stake in Girls Like Girls Film Inc., Secures $4.8 Million Loan from Royal Bank of Canada

Reuters

2025/07/01

BuzzFeed Inc. Subsidiary Acquires Majority Stake in Girls Like Girls Film Inc., Secures $4.8 Million Loan from Royal Bank of Canada

BuzzFeed Inc. has recently entered into a financial agreement through its subsidiary, BuzzFeed Studios Canada, Inc., acquiring a majority stock interest in Girls Like Girls Film Inc. This acquisition includes assuming the company's debt of approximately $4.8 million (CAD $6.6 million) with the Royal Bank of Canada $(RBC)$. Out of this debt, $4.0 million is expected to be repaid from proceeds of a distribution rights contract for a feature film, while the remaining $0.8 million is due upon receipt of anticipated production tax credits. The repayment dates are currently unknown but are anticipated within the next year. Additionally, Girls Like Girls Film Inc. has access to a $0.4 million foreign exchange line of credit from RBC, which is currently unused. Both BuzzFeed Studios Canada Inc. and Lexland Studios, Inc. have agreed to guarantee the obligations of Girls Like Girls Film Inc., although this guarantee has yet to be formalized.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BuzzFeed Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001828972-25-000177), on June 30, 2025, and is solely responsible for the information contained therein.

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Subsidiary Acquires Majority Stake in Girls Like Girls Film Inc., Secures $4.8 Million Loan from Royal Bank of Canada","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      BuzzFeed Inc. Subsidiary Acquires Majority Stake in Girls Like Girls Film Inc., Secures $4.8 Million Loan from Royal Bank of Canada\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        BuzzFeed Inc. has recently entered into a financial agreement through its subsidiary, BuzzFeed Studios Canada, Inc., acquiring a majority stock interest in Girls Like Girls Film Inc. This acquisition includes assuming the company's debt of approximately $4.8 million (CAD $6.6 million) with the Royal Bank of Canada <a href=\"https://laohu8.com/S/RBC\">$(RBC)$</a>. 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Subsidiary Acquires Majority Stake in Girls Like Girls Film Inc., Secures $4.8 Million Loan from Royal Bank of Canada\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-07-01 04:28</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      BuzzFeed Inc. Subsidiary Acquires Majority Stake in Girls Like Girls Film Inc., Secures $4.8 Million Loan from Royal Bank of Canada\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        BuzzFeed Inc. has recently entered into a financial agreement through its subsidiary, BuzzFeed Studios Canada, Inc., acquiring a majority stock interest in Girls Like Girls Film Inc. This acquisition includes assuming the company's debt of approximately $4.8 million (CAD $6.6 million) with the Royal Bank of Canada <a href=\"https://laohu8.com/S/RBC\">$(RBC)$</a>. Out of this debt, $4.0 million is expected to be repaid from proceeds of a distribution rights contract for a feature film, while the remaining $0.8 million is due upon receipt of anticipated production tax credits. The repayment dates are currently unknown but are anticipated within the next year. 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ID: 0001828972-25-000177), on June 30, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4111","symbol_name":"出版","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250630:nNDL40kpyj:1","article_id":"2548010170","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548010170","pubTimestamp":1751315295,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BuzzFeed Inc. 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