08:48 AM EDT, 08/13/2024 (MT Newswires) -- Boat Rocker Media ( BRMIF ) , an independent global entertainment company, on Tuesday reported second-quarter net income of $41.9 million compared with a net loss of $5.8 million.

This year's second-quarter net income includes the gain on the sale of talent management company Untitled Entertainment to TPG for $51.6 million in June and 8.8% of the outstanding common equity in TPG's new talent management company.

Revenue in the second quarter fell 61% to $47.5 million from $120.9 million in Q2 2023.