I think you meant to King Content business which costed ISD $48m...

I think you meant to King Content business which costed ISD $48m and few million dollars more to close down.

However, before ISD acquired King Content for $48m in August 2015, ISD was a $600m company with $130m revenue & EBITDA about $40m.

Now ditched King Content, revenue low $120m, EBITDA low $20m, new management team: former Yahoo!7 CEO & CTO, high profile CFO, additional $5m cost cut next year and very likely copyright cost cut (possibly over $2m p.a), BUT our market cap is merely $63m.