Saban Capital Acquisition 10-K 1 Apr 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2018	Mar. 25, 2019	Jun. 30, 2018
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Trading Symbol	SCACU
Entity Registrant Name	Saban Capital Acquisition Corp.
Entity Central Index Key	0001671854
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	true
Entity Small Business	true
Entity Ex Transition Period	false
Entity Shell Company	true
Entity Public Float			$ 213,905,115
Class A Ordinary Shares [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		21,157,776
Class F Ordinary Shares [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		6,243,480

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Current Assets:
Cash	$ 46,229	$ 201,002
Prepaid expenses		62,947
Total current assets	46,229	263,949
Investments held in Trust Account	216,480,408	251,721,796
Total Assets	216,526,637	251,985,745
Current Liabilities:
Accrued expenses	5,365,758	106,756
Accrued interest	16,968
Loan payable to Sponsor	2,000,000
Due to related party	222,940	3,502
Total current liabilities	7,605,666	110,258
Deferred underwriting compensation	8,750,000	8,750,000
Total Liabilities	16,355,666	8,860,258
Class A ordinary shares subject to possible redemptions; 19,517,097 shares and 23,812,549 shares at December 31, 2018 and December 31, 2017 respectively	195,170,970	238,125,486
Shareholders' equity:
Preferred shares, $0.0001 par value; 5,000,000 shares authorized, none issued or outstanding
Additional paid-in capital	8,149,071	4,345,929
(Accumulated deficit)/retained earnings	(3,149,858)	653,329
Total Shareholders' equity	5,000,001	5,000,001
Total liabilities and shareholders' equity	216,526,637	251,985,745
Class A Ordinary Shares [Member]
Shareholders' equity:
Ordinary shares value	164	119
Total Shareholders' equity	164	119
Class F Ordinary Shares [Member]
Shareholders' equity:
Ordinary shares value	624	624
Total Shareholders' equity	$ 624	$ 624

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2018	Dec. 31, 2017
Class A ordinary shares subject to possible redemption, shares	19,517,097	23,812,549
Preferred shares, par value	$ 0.0001	$ 0.0001
Preferred shares, authorized	5,000,000	5,000,000
Preferred shares, issued	0	0
Preferred shares, outstanding	0	0
Class A Ordinary Shares [Member]
Class A ordinary shares subject to possible redemption, shares	19,517,097
Ordinary shares, par value	$ 0.0001	$ 0.0001
Ordinary shares, authorized	500,000,000	500,000,000
Ordinary shares, issued	1,640,679	1,187,451
Ordinary shares, outstanding	1,640,679	1,187,451
Class F Ordinary Shares [Member]
Ordinary shares, par value	$ 0.0001	$ 0.0001
Ordinary shares, authorized	20,000,000	20,000,000
Ordinary shares, issued	6,243,480
Ordinary shares, outstanding	6,243,480	6,243,480

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Interest income	$ 3,909,940	$ 1,625,844
Expenses
Professional fees and other expenses	7,696,160	710,862
Interest expense	16,967
Total Expenses	7,713,127	710,862
Net (loss)/income attributable to ordinary shares	(3,803,187)	914,982
Class A Ordinary Shares [Member]
Expenses
Net (loss)/income attributable to ordinary shares	$ (2,224,664)	$ 1,057,100
Ordinary shares - basic and diluted	$ (0.09)	$ 0.04
Class F Ordinary Shares [Member]
Expenses
Net (loss)/income attributable to ordinary shares	$ (1,578,523)	$ (142,118)
Ordinary shares - basic and diluted	$ (0.25)	$ (0.02)

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($)	Total	Class A Ordinary Shares [Member]	Class F Ordinary Shares [Member]	Additional Paid-In Capital [Member]	(Accumulated Deficit)/Retained Earnings [Member]
Balance, value at Dec. 31, 2016	$ 5,000,001	$ 128	$ 625	$ 5,260,901	$ (261,653)
Balance, shares at Dec. 31, 2016		1,278,947	6,250,000
Repurchase of 6,520 Class F shares	(24)		$ (1)	(23)
Repurchase of 6,520 Class F shares, shares			(6,520)
Change in Shares Subject to Possible Redemption	(914,958)	$ (9)		(914,949)
Change in Shares Subject to Possible Redemption, shares		(91,496)
Net income/(loss) attributable to ordinary shares	914,982	$ 1,057,100	$ (142,118)		914,982
Balance, value at Dec. 31, 2017	5,000,001	$ 119	$ 624	4,345,929	653,329
Balance, shares at Dec. 31, 2017		1,187,451	6,243,480
Change in Shares Subject to Possible Redemption	3,803,187	$ 45		3,803,142
Change in Shares Subject to Possible Redemption, shares		453,228
Net income/(loss) attributable to ordinary shares	(3,803,187)	$ (2,224,664)	$ (1,578,523)		(3,803,187)
Balance, value at Dec. 31, 2018	$ 5,000,001	$ 164	$ 624	$ 8,149,071	$ (3,149,858)
Balance, shares at Dec. 31, 2018		1,640,679	6,243,480

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	Dec. 31, 2018	Dec. 31, 2017
Statement of Stockholders' Equity [Abstract]
Class A ordinary shares subject to possible redemption, shares	19,517,097	23,812,549
Class A ordinary shares subject to possible redemption, redemption value per share	$ 10	$ 10

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net (loss)/income attributable to ordinary shares	$ (3,803,187)	$ 914,982
Interest accrued on Investments Held in Trust Account	(3,909,940)	(1,625,844)
Changes in operating assets and liabilities
Prepaid expenses	62,947	100,328
Accrued expenses	5,259,002	25,018
Accrued interest	16,968
Due to related party	219,437	(1,347)
Net cash used in by operating activities	(2,154,773)	(586,863)
Cash flows used in investing activities:
Withdrawal from Trust Account upon redemptions	39,151,329
Net cash used in by investing activities	39,151,329
Cash flows from financing activities:
Loan from Sponsor	2,000,000
Redemption of ordinary shares	(39,151,329)
Payment for purchase of Class F ordinary shares		(24)
Net cash used in financing activities	(37,151,329)	(24)
Net decrease in cash	(154,773)	(586,887)
Cash at beginning of year	201,002	787,889
Cash at end of year	$ 46,229	$ 201,002

Organization and Business Opera

Organization and Business Operations	12 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business Operations	1. Organization and Business Operations Organization and General Saban Capital Acquisition Corp. (the “Company”) was incorporated in the Cayman Islands on March 15, 2016. The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended (the “Securities Act”), as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). The Company’s sponsor is Saban Sponsor LLC, a Delaware limited liability company (the “Sponsor”). At December 31, 2018, the Company had not commenced any significant operations. All activity for the period from March 15, 2016 (“Inception”) through December 31, 2018 relates to the Company’s formation and activities related to the initial public offering of Units (as defined below), each consisting of one of the Company’s Class A ordinary shares and one half of one warrant where each whole warrant entitles the holder to purchase one Class A ordinary share (the “Public Offering”), and activities related to the identification, evaluation and negotiation of Business Combination opportunities. The Company will not generate any operating revenues until after completion of the Business Combination, at the earliest. The Company will generate non-operating income st The Company announced on March 28, 2019, that it has ceased all operations except for the purpose of winding up and intends to redeem all of its issued and outstanding Public Shares (as defined below). Cash Cash consisted of cash held at one U.S. financial institution, and is subject to credit risk to the extent the balance exceeds federal deposit insurance limits. Financing The registration statement for the Company’s Public Offering was declared effective by the United States Securities and Exchange Commission (the “SEC”) on September 15, 2016. The Public Offering closed on September 21, 2016 (the “Close Date”). The Company’s Sponsor purchased an aggregate of 7,000,000 warrants at a purchase price of $1.00 per warrant, or $7,000,000 in the aggregate, in a private placement at the Close Date (the “Private Placement”). The warrants are included in additional paid-in capital The Company intended to finance a Business Combination with a portion of proceeds from its $250,000,000 Public Offering and $7,000,000 Private Placement (see Note 3). At the Close Date, proceeds from the Public Offering of $250,000,000, net of underwriting discounts of $5,000,000, and $5,000,000 of the Private Placement proceeds, were deposited in a trust account with Continental Stock Transfer and Trust Company acting as trustee (the “Trust Account”) as described below. The Trust Account The Trust Account may be invested only in U.S. government treasury bills with a maturity of one hundred and eighty (180) days or less or in money market funds investing solely in United States Treasuries and meeting certain conditions under Rule 2a-7 under Rule 3a-1 promulgated Rule 2a-7. Funds will remain in the Trust Account except for the withdrawal of interest to pay taxes, if any, until the redemption of all of the Company’s Public Shares, which is expected to commence on April 1, 2019 Business Combination On September 13, 2018, the Company entered into the Business Combination Agreement with Panavision Acquisition Sub, Inc., a Delaware corporation and direct wholly owned subsidiary of the Company (“Panavision Acquisition Sub”), Sim Acquisition Sub, Inc., an Ontario corporation and direct wholly owned subsidiary of the Company (“Sim Acquisition Sub”), Panavision Inc., a Delaware corporation (“Panavision”), Sim Video International Inc., an Ontario corporation (“Sim”), and the other parties thereto, as amended on December 11, 2018 (as amended, the “Business Combination Agreement”), pursuant to which, among other things, it was proposed that Panavision and SIM would become direct or indirect wholly owned subsidiaries of the Company (the “Panavision/SIM Business Combination”). Due to market conditions, delays resulting from the recent partial U.S. government shutdown and the March 31, 2019 termination date of the Company, the Company, Panavision, Sim, the Panavision Holder Representative (as defined in the Business Combination Agreement) and the Sim Holder Representative (as defined in the Business Combination Agreement) jointly determined to terminate the Business Combination Agreement pursuant to a Termination Agreement, dated as of February 28, 2019, by and among such parties, effective as of such date. As a result of, among other things, the termination of the Panavision/SIM Business Combination (as described above) and the March 31, 2019 deadline to consummate a Business Combination, the Company (i) has ceased all operations except for the purposes of winding up, (ii) intends to, effective, April 1, 2019, redeem the Public Shares, at a per-share The resulting redemption of the Company’s Class A ordinary shares will reduce the book value per share for the Founder Shares held by the Initial Shareholders, who would be the only remaining shareholders after such a redemption.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the accounting and disclosure rules and regulations of the SEC, and reflect all adjustments, consisting only of normal recurring adjustments, which are, in the opinion of management, necessary for a fair presentation of the Company’s financial position at December 31, 2018 and the results of operations and cash flows for the years presented. Emerging Growth Company Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Securities Exchange Act, as amended (the “Exchange Act”)) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in financial institutions which, at times, may exceed the Federal depository insurance coverage of $250,000. The Company has not experienced losses on these accounts. Financial Instruments The fair values of the Company’s assets and liabilities which qualify as financial instruments under ASC 820, “Fair Value Measurements and Disclosures,” approximate the carrying amounts represented on the balance sheet. Redeemable Ordinary Shares All 25,000,000 Class A ordinary shares sold as part of the Units in the Public Offering contain a redemption feature as discussed in Note 1. In accordance with ASC 480, redemption provisions not solely within the control of the Company require the security to be classified outside of permanent equity. Ordinary liquidation events, which involve the redemption and liquidation of all of the entity’s equity instruments, are excluded from the provisions of ASC 480. Although the Company did not specify a maximum redemption threshold, its charter provides that in no event will it redeem its Class A ordinary shares in an amount that would cause its net tangible assets to fall below $5,000,001. Accordingly, at December 31, 2018 and 2017, 19,517,097 and 23,812,549, respectively, of the Company’s 25,000,000 Class A ordinary shares were classified outside of permanent equity at their redemption value. Net Income/(Loss) per Ordinary Share The Company has two classes of ordinary shares, which are referred to as Class A ordinary shares and Class F ordinary shares. The Company’s public shareholders have the opportunity to redeem their shares upon the completion of the Business Combination at a per share price that is equal to the aggregate amount then on deposit in the Trust Account including interest, divided by the number of then outstanding Public Shares, subject to certain limitations. Accordingly, the Company uses the two-class method The two-class method Years Ended December 31 2018 2017 Class A Class F Class A Class F Basic and diluted net loss per share: Numerator: Allocation of net income/(loss) $ (2,224,664 ) $ (1,578,523 ) $ 1,057,100 $ (142,118 ) Denominator: Weighted average ordinary shares outstanding 23,968,363 6,243,480 25,000,000 6,247,006 Basic and diluted net income/(loss) per share $ (0.09 ) $ (0.25 ) $ 0.04 $ (0.02 ) Use of Estimates The preparation of the Company’s consolidated balance sheet in conformity with U.S. GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the balance sheet. Actual results could differ from those estimates. Income Taxes The Company follows the asset and liability method of accounting for income taxes under ASC 740, “Income Taxes” (“ASC 740”). Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC 740 prescribes a recognition threshold and a measurement attribute for the consolidated financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to Exempted companies are Cayman Islands companies wishing to conduct business outside the Cayman Islands and, as such, are exempted from complying with certain provisions of the Companies Law. As an exempted company, the Company has applied for and received a tax exemption undertaking from the Cayman Islands government that, in accordance with Section 6 of the Tax Concessions Law (2011 Revision) of the Cayman Islands, for a period of 20 years from the date of the undertaking, no law which is enacted in the Cayman Islands imposing any tax to be levied on profits, income, gains or appreciations shall apply to the Company or its operations and, in addition, that no tax to be levied on profits, income, gains or appreciations or which is in the nature of estate duty or inheritance tax shall be payable (i) on or in respect of the shares or other obligations of the Company or (ii) by way of the withholding in whole or in part of a payment of dividend or other distribution of income or capital by the Company to its shareholders or a payment of principal or interest or other sums due under a debenture or other obligation of the Company. Consequently, income taxes have not been reflected in the consolidated Financial Statements. Recent Accounting Pronouncements Management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s consolidated financial statements.

Public Offering

Public Offering	12 Months Ended
	Dec. 31, 2018
Text Block [Abstract]
Public Offering	3. Public Offering In its Public Offering, the Company sold 25,000,000 Units at a price of $10.00 per Unit (the “Units”). Each Unit consists of one of the Company’s Class A ordinary shares, $0.0001 par value per share (each, a “Public Share”), and one half of one warrant (“Warrant”). Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. The Warrants will expire worthless upon the liquidation of the Company. The Company paid an underwriting discount of 2.00% of the gross proceeds of the Public Offering, or $5,000,000, to the underwriters at the Close Date, with an additional fee (the “Deferred Discount”) of 3.50% of the gross proceeds of the Public Offering, or $8,750,000, payable upon the Company’s completion of a Business Combination. The Deferred Discount was only payable to the underwriters from the amounts held in the Trust Account solely in the event the Company completed a Business Combination. The underwriters are not entitled to receive any of the interest earned on Trust Account funds that would be used to pay the Deferred Discount. The Deferred Discount is recorded as deferred underwriting compensation on the Company’s balance sheet.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions	4. Related Party Transactions Founder Shares On April 11, 2016, the Company’s Sponsor purchased 5,750,000 Class F ordinary shares (“Founder Shares”) for $25,000, or approximately $0.004 per share. In August 2016, the Company repurchased 99,000 Founder Shares from the Sponsor at their original per share issuance price and subsequently issued such number of Founder Shares pursuant to The 2016 Share Award Plan of the Company for the same per share price to certain individuals who will assist in the evaluation of investment opportunities, including 10,000 Founder Shares to Adam Chesnoff, the Company’s Director, President and Chief Executive Officer, 8,000 Founder Shares to Niveen Tadros, the Company’s Executive Vice President and General Counsel, 6,000 Founder Shares to Fred Gluckman, the Company’s former Executive Vice President and Chief Financial Officer, and 4,000 Founder Shares to Philip Han, the Company’s Executive Vice President and Chief Investment Officer. In September 2016, the Company’s Sponsor transferred 30,000 Founder Shares to each of the Company’s independent director nominees at their original per share issue price. On September 15, 2016, we effected a pro rata share capitalization resulting in an increase in the total number of Founder Shares outstanding from 5,750,000 to 6,250,000 in order to maintain the ownership of Founder Shares by our Initial Shareholders at 20% of our issued and outstanding shares upon consummation of the Public Offering. Following the Public Offering and the pro rata share capitalization, our Sponsor held 6,044,570 Founder Shares, each of our three independent directors owned 32,610 Founder Shares, and the other individuals, including our executive officers, held 107,600 Founder Shares. On March 16, 2017, concurrent with Mr. Bruce Rosenblum’s resignation from our board of directors, the Company acquired 25,100 Founders Shares from Mr. Rosenblum and concurrent therewith, in connection with Mr. Casey Wasserman’s appointment to the board of directors, the Company re-issued such The Founder Shares are identical to the Public Shares, and holders of Founder Shares have the same shareholder rights as public shareholders, except that: (i) the Founder Shares are subject to certain transfer restrictions; (ii) the Initial Shareholders have entered into a letter agreement with the Company, pursuant to which they have agreed (a) to waive their redemption rights with respect to their Founder Shares and the Public Shares in connection with the completion of a Business Combination and (b) to waive their rights to liquidating distributions from the Trust Account with respect to their Founder Shares if the Company fails to complete a Business Combination on or prior to the Extension Date, although they will be entitled to liquidating distributions from the Trust Account with respect to any Public Shares they hold if the Company fails to complete a Business Combination within such time period; (iii) the Founder Shares are automatically convertible into Class A ordinary shares at the time of a Business Combination on a one-for-one Private Placement Warrants Simultaneously with the consummation of the Public Offering, the Sponsor purchased 7,000,000 warrants at a price of $1.00 per warrant, or $7,000,000 in the aggregate, in a Private Placement (the “Private Placement Warrants”). Each Private Placement Warrant entitles the holder to purchase one Class A ordinary share for $11.50 per share. A portion of the proceeds from the sale of the Private Placement Warrants were placed in the Trust Account. The proceeds of the sale of the Private Placement Warrants held in the Trust Account will be used to fund the redemption of the Company’s Public Shares (subject to the requirements of applicable law), and the Private Placement Warrants will expire worthless upon the liquidation of the Company. Registration Rights The Company agreed to provide the holders of the Founder Shares and Private Placement Warrants and warrants that may be issued upon conversion of working capital loans (and any ordinary shares issuable upon the exercise of the Private Placement Warrants or warrants issued upon conversion of the working capital loans), with certain registration rights pursuant to a registration rights agreement signed on the Close Date requiring the Company to register such securities for resale (in the case of the Founder Shares, only after conversion to the Company’s Class A ordinary shares). PIPE Investment Concurrently with the execution of the Business Combination Agreement, the Company entered into subscription agreements with certain investors, pursuant to which such investors have collectively subscribed for 5.5 million shares of common stock of the Company (following the Domestication) for an aggregate purchase price equal to $55.0 million (the “PIPE Investment”), $30.0 million of which was proposed to be funded by the Sponsor PIPE Entity, an affiliate of the Sponsor. The PIPE Investment was terminated as a result of the termination of the Panavision/SIM Business Combination. Related Party Notes Between Inception and the Close Date, the Sponsor loaned the Company $250,000 in unsecured promissory notes. The funds were used to pay up front expenses associated with the Public Offering. These notes were non-interest On March 12, 2018, the Company issued an unsecured convertible promissory note (the “Sponsor Convertible Note”), pursuant to which the Company may borrow up to $1,000,000 from the Sponsor from time to time. The Sponsor Convertible Note bears interest at a rate of 1.96% per annum and all unpaid principal under the Sponsor Convertible Note including accrued interest thereon will be due and payable in full on the Maturity Date (as defined below). The Sponsor will have the option to convert any amounts outstanding under the Sponsor Convertible Note, up to $1,000,000 in the aggregate, into warrants to purchase Class A ordinary shares at a conversion price of $1.00 per warrant. The terms of such warrants will be identical to the Private Placement Warrants, including that each such warrant will entitle the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to the same adjustments applicable to the Private Placement Warrants. In connection with the Business Combination Agreement, the Sponsor has agreed to forfeit for no consideration any other rights to obtain the warrants issuable upon conversion of the Sponsor Convertible Note. Under the Sponsor Convertible Note, the Sponsor has waived any and all right, title, interest or claim of any kind in or to any distribution of or from the Trust Account, including any right to seek recourse, reimbursement, payment or satisfaction for any claim against the Trust Account. The issuance of the Sponsor Convertible Note was approved by the Company’s board of directors and its audit committee on March 12, 2018. Executed on March 12, 2018, $500,000 was drawn under the Sponsor Convertible Note on March 20, 2018 and the remaining $500,000 was drawn under the Sponsor Convertible Note on August 2, 2018. On September 26, 2018, the Company issued an unsecured promissory note (the “Sponsor Note”) pursuant to which the Company may borrow up to $1.5 million from Sponsor. The Sponsor Note bears interest at a rate of 2.51% per annum and all unpaid principal under the Sponsor Note including accrued interest thereon will be due and payable in full on the earliest of (i) March 31, 2019, (ii) the effective date of an initial business combination, and (iii) the termination, for any reason, of the Business Combination Agreement (such earliest date, the “Maturity Date”), unless accelerated upon the occurrence of customary events of default. Under the Sponsor Note, Sponsor has waived any and all right, title, interest or claim of any kind in or to any distribution of or from the trust account established in connection with the Public Offering, including any right to seek recourse, reimbursement, payment or satisfaction for any claim against the trust account. The issuance of the Sponsor Note was approved by the Company’s board of directors and its audit committee on September 13, 2018. Executed on September 26, 2018, $500,000 was drawn under the Sponsor Note on October 5, 2018. Additionally, $500,000 was drawn under the Sponsor Note on November 13, 2018. The Company and the Sponsor are currently evaluating the treatment of the Sponsor Convertible Note and Sponsor Note given the Company’s planned dissolution. Additionally, on September 21, 2018, the Company and the Sponsor amended the maturity date of the Sponsor Convertible Note. Pursuant to such amendment, all unpaid principal under the Sponsor Convertible Note including accrued interest thereon will be due and payable in full on the Maturity Date, unless accelerated upon the occurrence of customary events of default. Due to Related Party Saban Capital Group LLC is an affiliate of the Sponsor which advanced various costs on behalf of the Company. Total related party advances amounted to $24,918 for the year ended December 31, 2018 and were reported as general and administrative expenses. As of December 31, 2018, the amount due to related party was $222,940. Total related party advances amounted to $32,239 and the amount due were $3,502 for the year ended December 31, 2017 and were reported as general administrative expenses. Administrative Service Agreement Effective September 15, 2016, the Company entered into an agreement to pay monthly expenses of $10,000 for office space, administrative services and support services to an affiliate of the Company’s Sponsor. The agreement terminates upon the earlier of the completion of a Business Combination or the liquidation of the Company. For the year ended December 31, 2018, the Company incurred expenses of $120,000 under this agreement. For the year ended December 31, 2017, the Company incurred expenses of $120,000.

Investments Held in Trust Accou

Investments Held in Trust Account	12 Months Ended
	Dec. 31, 2018
Receivables [Abstract]
Investments Held in Trust Account	5. Investments Held in Trust Account At December 31, 2018 and 2017, funds in the Trust Account totaled $216,480,408 and $251,721,796 respectively, and were held in money market funds. The Company used $39,151,329 of the funds to redeem 3,842,224 shares of Class A stock on September 21, 2018.

Deferred Underwriting Compensat

Deferred Underwriting Compensation	12 Months Ended
	Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Underwriting Compensation	6. Deferred Underwriting Compensation The Company was committed to pay the Deferred Discount of 3.50% of the gross proceeds of the Public Offering, or $8,750,000, to the underwriters upon the Company’s completion of a Business Combination. The underwriters are not entitled to receive any of the interest earned on Trust Account that would be used to pay the Deferred Discount, and no Deferred Discount is payable to the underwriters since the Business Combination will not be completed.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2018
Federal Home Loan Banks [Abstract]
Shareholders' Equity	7. Shareholders’ Equity Class A Ordinary Shares The Company is authorized to issue 500,000,000 Class A ordinary shares. Holders of Class A ordinary shares are entitled to one vote for each held on all matters to be voted on by shareholders. On September 18, 2018, we held an Extraordinary General Meeting, pursuant to which, among other things, our shareholders approved the Extension Amendment. In connection with vote to approve the Extension Amendment, the holders of 3,842,224 Class A ordinary shares properly exercised their right to redeem their shares for cash at a redemption price of $10.19 per share, for an aggregate redemption amount of $39.15 million. At December 31, 2018, there were 25,000,000 Class A ordinary shares issued and outstanding (Public Shares), of which 19,517,097 shares were subject to possible redemption and are classified outside of shareholders’ equity on the balance sheet. Class F Ordinary Shares The Company is authorized to issue 20,000,000 Class F ordinary shares. Holders of the Company’s Class F ordinary shares are entitled to one vote for each ordinary share. Class F ordinary shares are automatically converted to Class A common shares on a one-for-one basis On June 26, 2017, the Company entered into agreements to repurchase 6,520 Class F ordinary shares at the initial purchase price, for the total sum of $24, from two individuals no longer providing services to the Company. The repurchase was consummated in July, 2017, at which time such shares were treated as cancelled, reducing the number of issued and outstanding Class F ordinary shares to 6,243,480. At December 31, 2018, there were 6,243,480 Class F ordinary shares issued and outstanding. Preferred Shares The Company is authorized to issue 5,000,000 preferred shares. The Company’s board of directors has the authority to determine the voting rights, if any, designations, powers, preferences, and the relative, participating, optional or other special rights and any qualifications, limitations and restrictions thereof, applicable to the preferred shares of each series. The board of directors may, without shareholder approval, issue preferred shares with voting and other rights that could adversely affect the voting power and other rights of the holders of Public Shares, and which could have anti-takeover effects. At December 31, 2018, there were no preferred shares issued or outstanding.

Quarterly Financial Information

Quarterly Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information (Unaudited)	8. Quarterly Financial Information (Unaudited) Following are the Company’s unaudited quarterly statements of operations for the period ended March 31, 2018, June 30, 2018, September 30, 2018, December 31, 2018, March 31, 2018, June 30, 2018, September 30, 2018 and December 31, 2018. The Company has prepared the quarterly data on a consistent basis with the audited consolidated financial statements included elsewhere in this Annual Report on Form 10-K 10-K. For the Three Months Ended For the Three Months Ended June 30, 2018 For the Three Months Ended For the Three Months Ended Class A Class F Class A Class F Class A Class F Class A Class F Revenue: Interest Income $ 721,956 $ — $ 957,034 $ — $ 1,121,940 $ — $ 1,109,010 $ — Operating expenses: Professional fees and other expenses $ 352,493 $ 88,031 $ 1,198,674 $ 299,356 $ 3,763,134 $ 949,317 $ 807,012 $ 238,143 Interest expense $ 408 $ 102 $ 1,955 $ 488 $ 3,237 $ 817 $ 7,691 $ 2,269 Numerator: Allocation of net income/(loss) $ 369,055 $ (88,133 ) $ (243,595 ) $ (299,844 ) $ (2,644,431 ) $ (950,134 ) $ 294,307 $ (240,412 ) Denominator: Weighted average ordinary shares outstanding: 25,000,000 6,243,480 25,000,000 6,243,480 24,749,422 6,243,480 21,157,776 6,243,480 Basic and diluted net income/(loss) $ 0.01 $ (0.01 ) $ (0.01 ) $ (0.05 ) $ (0.11 ) $ (0.15 ) $ 0.01 $ (0.04 ) For the Three Months Ended For the Three Months Ended For the Three Months Ended For the Three Months Ended Class A Class F Class A Class F Class A Class F Class A Class F Revenue: Interest Income $ 210,968 $ — $ 335,299 $ — $ 510,478 $ — $ 569,099 $ — Operating expenses: Professional fees and other expenses $ 178,010 $ 44,502 $ 100,175 $ 25,043 $ 138,285 $ 34,542 $ 152,274 $ 38,029 Organizational costs $ — $ — $ — $ — $ — $ — $ — $ — Numerator: Allocation of net income/(loss) $ 32,958 $ (44,502 ) $ 235,124 $ (25,043 ) $ 372,193 $ (34,542 ) $ 416,825 $ (38,029 ) Denominator: Weighted average ordinary shares outstanding: 25,000,000 6,250,000 25,000,000 6,250,000 25,000,000 6,244,756 25,000,000 6,243,480 Basic and diluted net income/(loss) $ 0.00 $ (0.01 ) $ 0.01 $ (0.00 ) $ 0.01 $ (0.01 ) $ 0.02 $ (0.01 )

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2018
Subsequent Events [Abstract]
Subsequent Events	9. Subsequent Events On January 28, 2019, $250,000 of the $500,000 available under the Sponsor Note executed on September 26, 2018 was drawn. On February 28, 2019, the Company entered into a Termination Agreement, pursuant to which, among other things, the Business Combination Agreement was terminated. As a result of the termination of the Business Combination Agreement and the March 31, 2019 deadline for the Company to consummate a Business Combination, pursuant to its Amended and Restated Memorandum and Articles of Association, the Company (1) has ceased all operations except for the purpose of winding up, (2) we intend to redeem all of its issued and outstanding Public Shares at a per-share We expect that all costs and expenses associated with implementing our plan of dissolution, as well as payments to any creditors, will be funded from amounts remaining out of the proceeds held outside the Trust Account, although such funds will likely not be sufficient for such purpose. We have requested that the Trustee release to us an additional amount of $50,000 of the accrued interest to pay a portion of such costs and expenses. We are in the process of negotiating the payment of all remaining costs and expenses owed to third parties. The proceeds deposited in the Trust Account could, however, become subject to the claims of our creditors which would have higher priority than the claims of our public shareholders. We cannot assure you that the actual per-share Management has performed an evaluation of subsequent events through the date of issuance of the consolidated financial statements, noting no other items which require adjustments or disclosure as of December 31, 2018.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the accounting and disclosure rules and regulations of the SEC, and reflect all adjustments, consisting only of normal recurring adjustments, which are, in the opinion of management, necessary for a fair presentation of the Company’s financial position at December 31, 2018 and the results of operations and cash flows for the years presented.
Emerging Growth Company	Emerging Growth Company Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Securities Exchange Act, as amended (the “Exchange Act”)) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in financial institutions which, at times, may exceed the Federal depository insurance coverage of $250,000. The Company has not experienced losses on these accounts.
Financial Instruments	Financial Instruments The fair values of the Company’s assets and liabilities which qualify as financial instruments under ASC 820, “Fair Value Measurements and Disclosures,” approximate the carrying amounts represented on the balance sheet.
Redeemable Ordinary Shares	Redeemable Ordinary Shares All 25,000,000 Class A ordinary shares sold as part of the Units in the Public Offering contain a redemption feature as discussed in Note 1. In accordance with ASC 480, redemption provisions not solely within the control of the Company require the security to be classified outside of permanent equity. Ordinary liquidation events, which involve the redemption and liquidation of all of the entity’s equity instruments, are excluded from the provisions of ASC 480. Although the Company did not specify a maximum redemption threshold, its charter provides that in no event will it redeem its Class A ordinary shares in an amount that would cause its net tangible assets to fall below $5,000,001. Accordingly, at December 31, 2018 and 2017, 19,517,097 and 23,812,549, respectively, of the Company’s 25,000,000 Class A ordinary shares were classified outside of permanent equity at their redemption value.
Net Income/(Loss) per Ordinary Share	Net Income/(Loss) per Ordinary Share The Company has two classes of ordinary shares, which are referred to as Class A ordinary shares and Class F ordinary shares. The Company’s public shareholders have the opportunity to redeem their shares upon the completion of the Business Combination at a per share price that is equal to the aggregate amount then on deposit in the Trust Account including interest, divided by the number of then outstanding Public Shares, subject to certain limitations. Accordingly, the Company uses the two-class method The two-class method Years Ended December 31 2018 2017 Class A Class F Class A Class F Basic and diluted net loss per share: Numerator: Allocation of net income/(loss) $ (2,224,664 ) $ (1,578,523 ) $ 1,057,100 $ (142,118 ) Denominator: Weighted average ordinary shares outstanding 23,968,363 6,243,480 25,000,000 6,247,006 Basic and diluted net income/(loss) per share $ (0.09 ) $ (0.26 ) $ 0.04 $ (0.02 )
Use of Estimates	Use of Estimates The preparation of the Company’s consolidated balance sheet in conformity with U.S. GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the balance sheet. Actual results could differ from those estimates.
Income Taxes	Income Taxes The Company follows the asset and liability method of accounting for income taxes under ASC 740, “Income Taxes” (“ASC 740”). Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC 740 prescribes a recognition threshold and a measurement attribute for the consolidated financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to Exempted companies are Cayman Islands companies wishing to conduct business outside the Cayman Islands and, as such, are exempted from complying with certain provisions of the Companies Law. As an exempted company, the Company has applied for and received a tax exemption undertaking from the Cayman Islands government that, in accordance with Section 6 of the Tax Concessions Law (2011 Revision) of the Cayman Islands, for a period of 20 years from the date of the undertaking, no law which is enacted in the Cayman Islands imposing any tax to be levied on profits, income, gains or appreciations shall apply to the Company or its operations and, in addition, that no tax to be levied on profits, income, gains or appreciations or which is in the nature of estate duty or inheritance tax shall be payable (i) on or in respect of the shares or other obligations of the Company or (ii) by way of the withholding in whole or in part of a payment of dividend or other distribution of income or capital by the Company to its shareholders or a payment of principal or interest or other sums due under a debenture or other obligation of the Company. Consequently, income taxes have not been reflected in the consolidated Financial Statements.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Reconciliation of Numerators and Denominators Used to Compute Basic and Diluted Net Income Per Share	The table below presents for the periods indicated a reconciliation of the numerators and denominators we used to compute basic and diluted net loss per share for each class of our ordinary shares: Years Ended December 31 2018 2017 Class A Class F Class A Class F Basic and diluted net loss per share: Numerator: Allocation of net income/(loss) $ (2,224,664 ) $ (1,578,523 ) $ 1,057,100 $ (142,118 ) Denominator: Weighted average ordinary shares outstanding 23,968,363 6,243,480 25,000,000 6,247,006 Basic and diluted net income/(loss) per share $ (0.09 ) $ (0.25 ) $ 0.04 $ (0.02 )

Quarterly Financial Informati_2

Quarterly Financial Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information (Unaudited)	These quarterly operating results are not necessarily indicative of the Company’s operating results for any future period. For the Three Months Ended For the Three Months Ended June 30, 2018 For the Three Months Ended For the Three Months Ended Class A Class F Class A Class F Class A Class F Class A Class F Revenue: Interest Income $ 721,956 $ — $ 957,034 $ — $ 1,121,940 $ — $ 1,109,010 $ — Operating expenses: Professional fees and other expenses $ 352,493 $ 88,031 $ 1,198,674 $ 299,356 $ 3,763,134 $ 949,317 $ 807,012 $ 238,143 Interest expense $ 408 $ 102 $ 1,955 $ 488 $ 3,237 $ 817 $ 7,691 $ 2,269 Numerator: Allocation of net income/(loss) $ 369,055 $ (88,133 ) $ (243,595 ) $ (299,844 ) $ (2,644,431 ) $ (950,134 ) $ 294,307 $ (240,412 ) Denominator: Weighted average ordinary shares outstanding: 25,000,000 6,243,480 25,000,000 6,243,480 24,749,422 6,243,480 21,157,776 6,243,480 Basic and diluted net income/(loss) $ 0.01 $ (0.01 ) $ (0.01 ) $ (0.05 ) $ (0.11 ) $ (0.15 ) $ 0.01 $ (0.04 ) For the Three Months Ended For the Three Months Ended For the Three Months Ended For the Three Months Ended Class A Class F Class A Class F Class A Class F Class A Class F Revenue: Interest Income $ 210,968 $ — $ 335,299 $ — $ 510,478 $ — $ 569,099 $ — Operating expenses: Professional fees and other expenses $ 178,010 $ 44,502 $ 100,175 $ 25,043 $ 138,285 $ 34,542 $ 152,274 $ 38,029 Organizational costs $ — $ — $ — $ — $ — $ — $ — $ — Numerator: Allocation of net income/(loss) $ 32,958 $ (44,502 ) $ 235,124 $ (25,043 ) $ 372,193 $ (34,542 ) $ 416,825 $ (38,029 ) Denominator: Weighted average ordinary shares outstanding: 25,000,000 6,250,000 25,000,000 6,250,000 25,000,000 6,244,756 25,000,000 6,243,480 Basic and diluted net income/(loss) $ 0.00 $ (0.01 ) $ 0.01 $ (0.00 ) $ 0.01 $ (0.01 ) $ 0.02 $ (0.01 )

Organization and Business Ope_2

Organization and Business Operations - Additional Information (Detail) - USD ($)	Sep. 21, 2016	Dec. 31, 2018
Organization And Business Operations [Line Items]
Proceeds from initial public offering	$ 250,000,000
Proceeds from private placement	7,000,000
Payment of underwriters discounts	$ 5,000,000	$ 5,000,000
Class A Ordinary Shares [Member]
Organization And Business Operations [Line Items]
Warrants outstanding		19,500,000
Class A Ordinary Shares [Member] | IPO [Member]
Organization And Business Operations [Line Items]
Number of shares in each unit		1
Number of warrants in each unit		0.5
Maximum [Member]
Organization And Business Operations [Line Items]
Net interest to pay dissolution expenses		$ 50,000
Sponsor [Member] | Private Placement [Member]
Organization And Business Operations [Line Items]
Warrants outstanding	7,000,000	7,000,000
Sale of Private Placement warrants, price per warrant	$ 1	$ 1
Proceeds from sale of Private Placement Warrants to Sponsor	$ 7,000,000	$ 7,000,000
Continental Stock Transfer and Trust Company [Member]
Organization And Business Operations [Line Items]
Proceeds from private placement	$ 5,000,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2018USD ($)Class_of_Stockshares	Dec. 31, 2017shares
Summary Of Significant Accounting Policy [Line Items]
Federal depository insurance coverage | $	$ 250,000
Shares subject to possible redemption	19,517,097	23,812,549
Minimum net tangible assets | $	$ 5,000,001
Number of classes of ordinary shares | Class_of_Stock	2
Income tax expense | $	$ 0
Cayman Islands [Member]
Summary Of Significant Accounting Policy [Line Items]
Income tax holiday term	20 years
Income taxes payable | $	$ 0
Class A Ordinary Shares [Member]
Summary Of Significant Accounting Policy [Line Items]
Shares subject to possible redemption	19,517,097
Warrants to purchase Class A ordinary shares outstanding	19,500,000
Class A Ordinary Shares [Member] | IPO [Member]
Summary Of Significant Accounting Policy [Line Items]
Common stock shares issued	25,000,000
Shares subject to possible redemption	19,517,097	23,812,549

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Reconciliation of Numerators and Denominators Used to Compute Basic and Diluted Net Income Per Share (Detail) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Numerator:
Net income/(loss) attributable to ordinary shares									$ (3,803,187)	$ 914,982
Class A Ordinary Shares [Member]
Numerator:
Net income/(loss) attributable to ordinary shares	$ 294,307	$ (2,644,431)	$ (243,595)	$ 369,055	$ 416,825	$ 372,193	$ 235,124	$ 32,958	$ (2,224,664)	$ 1,057,100
Denominator:
Weighted average ordinary shares outstanding	21,157,776	24,749,422	25,000,000	25,000,000	25,000,000	25,000,000	25,000,000	25,000,000	23,968,363	25,000,000
Basic and diluted net income/(loss) per share	$ 0.01	$ (0.11)	$ (0.01)	$ 0.01	$ 0.02	$ 0.01	$ 0.01	$ 0	$ (0.09)	$ 0.04
Class F Ordinary Shares [Member]
Numerator:
Net income/(loss) attributable to ordinary shares	$ (240,412)	$ (950,134)	$ (299,844)	$ (88,133)	$ (38,029)	$ (34,542)	$ (25,043)	$ (44,502)	$ (1,578,523)	$ (142,118)
Denominator:
Weighted average ordinary shares outstanding	6,243,480	6,243,480	6,243,480	6,243,480	6,243,480	6,244,756	6,250,000	6,250,000	6,243,480	6,247,006
Basic and diluted net income/(loss) per share	$ (0.04)	$ (0.15)	$ (0.05)	$ (0.01)	$ (0.01)	$ (0.01)	$ 0	$ (0.01)	$ (0.25)	$ (0.02)

Public Offering - Additional In

Public Offering - Additional Information (Detail) - USD ($)	Sep. 21, 2016	Dec. 31, 2018	Dec. 31, 2017
Class of Stock [Line Items]
Percentage of underwriting commission on gross proceeds		2.00%
Payment of underwriters discounts	$ 5,000,000	$ 5,000,000
Additional fee payable on gross proceed		$ 8,750,000	$ 8,750,000
Percentage of additional fee payable on gross proceed		3.50%
Class A Ordinary Shares [Member]
Class of Stock [Line Items]
Ordinary shares, par value		$ 0.0001	$ 0.0001
IPO [Member] | Class A Ordinary Shares [Member]
Class of Stock [Line Items]
Sale of units		25,000,000
Share unit price per share		$ 10
Number of shares in each unit		1
Ordinary shares, par value		$ 0.0001
Number of warrants in each unit		0.5
Warrant exercise price per share		$ 11.50

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail)

Jul. 31, 2017shares

Jun. 26, 2017USD ($)Individualshares

Mar. 16, 2017shares

Sep. 21, 2016USD ($)$ / sharesshares

Sep. 15, 2016USD ($)shares

Apr. 11, 2016USD ($)$ / sharesshares

Sep. 30, 2016shares

Aug. 31, 2016shares

Dec. 31, 2016USD ($)shares

Dec. 31, 2018USD ($)Directors$ / sharesshares

Dec. 31, 2017USD ($)shares

Nov. 13, 2018USD ($)

Oct. 05, 2018USD ($)

Sep. 26, 2018USD ($)

Aug. 02, 2018USD ($)

Mar. 20, 2018USD ($)

Mar. 12, 2018USD ($)$ / shares

Related Party Transaction [Line Items]

Stock repurchased during period, shares

6,520

99,000

Founder shares transferred

30,000

Founder shares outstanding

6,250,000

Stock repurchased during period, value | $

$ 24

$ 24

Number of individuals | Individual

2

Ordinary shares, issued

6,243,480

Ordinary shares, outstanding

6,243,480

Description of founder shares rights

(i) the Founder Shares are subject to certain transfer restrictions; (ii) the Initial Shareholders have entered into a letter agreement with the Company, pursuant to which they have agreed (a) to waive their redemption rights with respect to their Founder Shares and the Public Shares in connection with the completion of a Business Combination and (b) to waive their rights to liquidating distributions from the Trust Account with respect to their Founder Shares if the Company fails to complete a Business Combination on or prior to the Extension Date, although they will be entitled to liquidating distributions from the Trust Account with respect to any Public Shares they hold if the Company fails to complete a Business Combination within such time period; (iii) the Founder Shares are automatically convertible into Class A ordinary shares at the time of a Business Combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, as described in the Company’s Articles; and (iv) the Founder Shares are subject to registration rights.

Common stock, shares, subscribed but unissued

5,500,000

Amount due to related party | $

$ 222,940

3,502

Pipe Entity [Member]

Related Party Transaction [Line Items]

Aggregate purchase price of common stock | $

55,000,000

Sponsor PIPE Entity [Member]

Related Party Transaction [Line Items]

Aggregate purchase price of common stock | $

$ 30,000,000

Sponsor Convertible Note [Member]

Related Party Transaction [Line Items]

Debt instrument, interest rate, stated percentage

1.96%

Convertible note, outstanding | $

$ 500,000

$ 500,000

Maximum [Member] | Sponsor Convertible Note [Member]

Related Party Transaction [Line Items]

Borrowings | $

$ 1,000,000

Adam Chesnoff [Member]

Related Party Transaction [Line Items]

Number of shares issued to director on appointment

10,000

Niveen Tadros [Member]

Related Party Transaction [Line Items]

Number of shares issued to director on appointment

8,000

Fred Gluckman [Member]

Related Party Transaction [Line Items]

Number of shares issued to director on appointment

6,000

Philip Han [Member]

Related Party Transaction [Line Items]

Number of shares issued to director on appointment

4,000

Independent Directors [Member] | Founder Shares [Member]

Related Party Transaction [Line Items]

Number of shares held

32,610

Number of directors | Directors

3

Bruce Rosenblum [Member] | Founder Shares [Member]

Related Party Transaction [Line Items]

Stock repurchased during period, shares

25,100

Casey Wasserman [Member] | Founder Shares [Member]

Related Party Transaction [Line Items]

Number of shares issued to director on appointment

25,100

Number of additional shares issued to director on appointment

7,500

Unsecured Promissory Note [Member]

Related Party Transaction [Line Items]

Debt instrument, interest rate, stated percentage

2.51%

Convertible note, outstanding | $

$ 500,000

$ 500,000

Line of credit facility, maximum borrowing capacity | $

$ 1,500,000

Sponsor [Member]

Related Party Transaction [Line Items]

Proceeds of notes payable from Sponsor | $

$ 250,000

Sponsor [Member] | Founder Shares [Member]

Related Party Transaction [Line Items]

Number of shares held

6,037,070

6,044,570

Sponsor [Member] | Private Placement [Member]

Related Party Transaction [Line Items]

Warrants outstanding

7,000,000

7,000,000

Warrants price per share | $ / shares

$ 1

$ 1

Proceeds from sale of Private Placement Warrants to Sponsor | $

$ 7,000,000

$ 7,000,000

Initial Stockholders [Member]

Related Party Transaction [Line Items]

Percentage of shares held by related party

20.00%

Other Individuals Including Executive Officers [Member] | Maximum [Member]

Related Party Transaction [Line Items]

Number of shares held

107,600

Other Individuals Including Executive Officers [Member] | Minimum [Member]

Related Party Transaction [Line Items]

Number of shares held

101,080

Other Individuals Including Executive Officers [Member] | Founder Shares [Member]

Related Party Transaction [Line Items]

Number of shares held

107,600

Saban Capital Group, Inc. [Member]

Related Party Transaction [Line Items]

Total related party advances | $

$ 24,918

32,239

Amount due to related party | $

222,940

3,502

Affiliate of Sponsor [Member]

Related Party Transaction [Line Items]

Monthly expense for office space, administrative services and support services to an affiliate | $

$ 10,000

$ 120,000

$ 120,000

Class A Ordinary Shares [Member]

Related Party Transaction [Line Items]

Ordinary shares, issued

1,640,679

1,187,451

Ordinary shares, outstanding

1,278,947

1,640,679

1,187,451

Warrants outstanding

19,500,000

Class A Ordinary Shares [Member] | Sponsor Convertible Note [Member]

Related Party Transaction [Line Items]

Warrant exercise price per share | $ / shares

$ 11.50

Debt instrument conversion price | $ / shares

$ 1

Class A Ordinary Shares [Member] | Maximum [Member] | Sponsor Convertible Note [Member]

Related Party Transaction [Line Items]

Convertible debt amount | $

$ 1,000,000

Class A Ordinary Shares [Member] | Private Placement [Member]

Related Party Transaction [Line Items]

Number of shares per warrant entitled for purchase

1

Warrant exercise price per share | $ / shares

$ 11.50

Class F Ordinary Shares [Member]

Related Party Transaction [Line Items]

Stock repurchased during period, shares

6,520

6,520

Stock repurchased during period, value | $

$ 24

$ 1

Ordinary shares, issued

6,243,480

6,243,480

Ordinary shares, outstanding

6,243,480

6,250,000

6,243,480

6,243,480

Class F Ordinary Shares [Member] | Sponsor [Member]

Related Party Transaction [Line Items]

Number of shares issued to director on appointment

5,750,000

Stock issued during period, value, new issues | $

$ 25,000

Shares issued, price per share | $ / shares

$ 0.004

Investments Held in Trust Acc_2

Investments Held in Trust Account - Additional Information (Detail) - USD ($)	Sep. 21, 2018	Dec. 31, 2018	Dec. 31, 2017
Cash and Cash Equivalents [Line Items]
Withdrawal from Trust Account upon redemptions		$ 39,151,329
Money Market Funds [Member]
Cash and Cash Equivalents [Line Items]
Funds held in Trust Account		$ 216,480,408	$ 251,721,796
Withdrawal from Trust Account upon redemptions	$ 39,151,329
Stock redeemed, shares	3,842,224

Deferred Underwriting Compens_2

Deferred Underwriting Compensation - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2018USD ($)
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred underwriting discount payable	3.50%
Deferred underwriting compensation	$ 8,750,000

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - USD ($)	Sep. 18, 2018	Jun. 26, 2017	Aug. 31, 2016	Dec. 31, 2018	Dec. 31, 2017	Jul. 31, 2017	Dec. 31, 2016
Class of Stock [Line Items]
Stock redeemed, value					$ 914,958
Temporary equity, redemption price per share				$ 10	$ 10
Shares subject to possible redemption				19,517,097	23,812,549
Common stock conversion basis				Class F ordinary shares are automatically converted to Class A common shares on a one-for-one basis at the time of a Business Combination, subject to certain adjustments.
Common stock conversion basis ratio				100.00%
Stock repurchased during period, shares		6,520	99,000
Stock repurchased during period, value		$ 24			$ 24
Ordinary shares, issued						6,243,480
Ordinary shares, outstanding						6,243,480
Preferred shares, authorized				5,000,000	5,000,000
Preferred shares, issued				0	0
Preferred shares, outstanding				0	0
Class F Ordinary Shares [Member]
Class of Stock [Line Items]
Ordinary shares, authorized				20,000,000	20,000,000
Common stock voting rights				One vote for each ordinary share.
Stock repurchased during period, shares		6,520			6,520
Stock repurchased during period, value		$ 24			$ 1
Ordinary shares, issued				6,243,480		6,243,480
Ordinary shares, outstanding				6,243,480	6,243,480	6,243,480	6,250,000
Class A Ordinary Shares [Member]
Class of Stock [Line Items]
Ordinary shares, authorized				500,000,000	500,000,000
Common stock voting rights				One vote for each held on all matters to be voted on by shareholders.
Stock redeemed, value	$ 39,150,000				$ 9
Stock redeemed, shares	3,842,224				91,496
Temporary equity, redemption price per share	$ 10.19
Ordinary shares, including shares subject to redemption, issued				25,000,000
Ordinary shares, including shares subject to redemption, outstanding				25,000,000
Shares subject to possible redemption				19,517,097
Ordinary shares, issued				1,640,679	1,187,451
Ordinary shares, outstanding				1,640,679	1,187,451		1,278,947

Quarterly Financial Informati_3

Quarterly Financial Information (Unaudited) - Schedule of Quarterly Financial Information (Unaudited) (Detail) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Operating expenses:
Professional fees and other expenses									$ 7,696,160	$ 710,862
Interest expense									16,967
Numerator:
Net (loss)/income attributable to ordinary shares									(3,803,187)	914,982
Class A Ordinary Shares [Member]
Revenue:
Interest Income	$ 1,109,010	$ 1,121,940	$ 957,034	$ 721,956	$ 569,099	$ 510,478	$ 335,299	$ 210,968
Operating expenses:
Professional fees and other expenses	807,012	3,763,134	1,198,674	352,493	152,274	138,285	100,175	178,010
Interest expense	7,691	3,237	1,955	408
Organizational costs					0	0	0	0
Numerator:
Net (loss)/income attributable to ordinary shares	$ 294,307	$ (2,644,431)	$ (243,595)	$ 369,055	$ 416,825	$ 372,193	$ 235,124	$ 32,958	$ (2,224,664)	$ 1,057,100
Denominator:
Weighted average ordinary shares outstanding:	21,157,776	24,749,422	25,000,000	25,000,000	25,000,000	25,000,000	25,000,000	25,000,000	23,968,363	25,000,000
Basic and diluted net income/(loss)	$ 0.01	$ (0.11)	$ (0.01)	$ 0.01	$ 0.02	$ 0.01	$ 0.01	$ 0	$ (0.09)	$ 0.04
Class F Ordinary Shares [Member]
Operating expenses:
Professional fees and other expenses	$ 238,143	$ 949,317	$ 299,356	$ 88,031	$ 38,029	$ 34,542	$ 25,043	$ 44,502
Interest expense	2,269	817	488	102
Organizational costs					0	0	0	0
Numerator:
Net (loss)/income attributable to ordinary shares	$ (240,412)	$ (950,134)	$ (299,844)	$ (88,133)	$ (38,029)	$ (34,542)	$ (25,043)	$ (44,502)	$ (1,578,523)	$ (142,118)
Denominator:
Weighted average ordinary shares outstanding:	6,243,480	6,243,480	6,243,480	6,243,480	6,243,480	6,244,756	6,250,000	6,250,000	6,243,480	6,247,006
Basic and diluted net income/(loss)	$ (0.04)	$ (0.15)	$ (0.05)	$ (0.01)	$ (0.01)	$ (0.01)	$ 0	$ (0.01)	$ (0.25)	$ (0.02)

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - USD ($)	Feb. 28, 2019	Dec. 31, 2018	Jan. 28, 2019	Sep. 26, 2018
Sponsor Convertible Note [Member]
Subsequent Event [Line Items]
Line of credit facility, maximum borrowing capacity				$ 500,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Additional amount requested to be released to pay portion of costs and expenses	$ 50,000
Subsequent Event [Member] | Sponsor Convertible Note [Member]
Subsequent Event [Line Items]
Convertible note, outstanding			$ 250,000
Maximum [Member]
Subsequent Event [Line Items]
Net interest to pay dissolution expenses		$ 50,000
Maximum [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Net interest to pay dissolution expenses	$ 50,000
Redemption amount, per share	$ 10