BRIEF-Rainmaker Entertainment to incur $10 mln charge in Q1 2016
May 5 (Reuters) - Rainmaker Entertainment Inc:
* Rainmaker Entertainment provides financial update with respect to ratchet & clank domestic release
* Will take an impairment charge in Q1 2016 with respect to its investment in Ratchet Productions, LLC
* Impairment charge, proportional share of advertising expenses will result in estimated $10.0 million charge to net income in Q1
* As at Dec 31, 2015 co's interest in Ratchet Productions, LLC had carrying amount of $9.4 million, other receivables of $0.6 million Source text for Eikon: Further company coverage:
© Thomson Reuters 2017 All rights reserved.