Examples of Studio Business in a sentence
Except as disclosed in Section 3.09 of the LG Parent Disclosure Schedule, there is no material Action pending or, to the knowledge of LG Parent, threatened against the Studio Business, any Studio Entity or any material property or asset of any Studio Entity, or, to the knowledge of LG Parent, threatened or pending against any director, officer, manager or employee (in their respective capacities as such) of any Studio Entity.
The Studio Entities and their Subsidiaries do not own any proprietary software that they consider material to the conduct of the Studio Business.
As promptly as practicable following the date of this Agreement, LG Parent shall deliver to SEAC the unaudited combined balance sheet of the Studio Business as of September 30, 2023, and the related unaudited combined statements of operations and cash flows of the Studio Business for the six-month period then ended and ended September 30, 2022 (the “Interim Financial Statements”).
SEAC and the SEAC Entities acknowledge that, except as expressly set forth in this Agreement (as modified by the LG Parent Disclosure Schedule) or any certificate delivered by LG Parent or StudioCo pursuant to this Agreement, none of LG Parent, StudioCo nor any of their respective shareholders, Affiliates or Representatives is making, directly or indirectly, any representation or warranty with respect to any estimates, projections or forecasts involving the Studio Business.
Until the Closing Date, the Seller shall afford to Buyer, and to the accountants, counsel, agents and representatives of the Buyer, reasonable access during normal business hours to all books and records of the Seller relating to the Studio Business and the Purchased Assets.
Except as otherwise provided in Section 2.02, Pubco shall be liable for, and shall indemnify and hold harmless the Parent Group from and against, any and all liabilities for Studio Business Taxes.
We use this non-GAAP measure, among other measures, to evaluate the aggregate operating performance of our business.The Company believes the presentation of total segment profit and Studio Business segment profit is relevant and useful for investors because it allows investors to view total segment performance in a manner similar to the primary method used by the Company's management and enables them to understand the fundamental performance of the Company's businesses before non-operating items.
Upon reasonable notice to Seller (but not less than 48 hours), and with Seller's consent which shall not be unreasonably withheld, conditioned or delayed, the Seller shall afford to Buyer, and to the accountants, counsel, agents and representatives of the Buyer, reasonable access during normal business hours to the Premises, which access shall in no event interfere with the Seller's Studio Business operations.
See above for the definition of Studio Business Segment Profit, Studio Business Adjusted OIBDA and Adjusted OIBDA and see below for the reconciliation to the most directly comparable GAAP financial measure.
Represents consensus as of November 9, 2023 and is within the Studio Business guidance range of $300 million to $350 million.