本網站使用瀏覽器紀錄 (Cookies) 來提供您最好的使用體驗，我們使用的 Cookie 也包括了第三方 Cookie。相關資訊請訪問我們的隱私權與 Cookie 政策。如果您選擇繼續瀏覽或關閉這個提示，便表示您已接受我們的網站使用條款。 關閉
BEIJING, March 27, 2025 /PRNewswire/ -- Maoyan Entertainment ("Maoyan" or the "Company", 1896.HK), a leading platform providing innovative Internet empowered entertainment services in China, today announced its audited consolidated results for the year ended December 31, 2024. The Board has proposed a final dividend of HKD 0.32 per share for 2024, underscoring the company's strong commitment to shareholder value and confidence in its future business growth and performance. Full Year 2024 Financial Highlights Revenue was RMB4,082.2 million, compared with RMB4,757.4 million in 2023. Profit was RMB181.9 million, compared with RMB907.8 million in 2023. Adjusted net profit[1] was RMB309.6 million, compared with RMB1,029.0 million in 2023. [1] We defined adjusted net profit as net profit for the year adjusted by adding back share-based compensation and amortization of intangible assets resulting from business combinations. BUSINESS REVIEW According to the data released by the China Film Administration (國家電影局) for 2024, the total box office nationwide reached RMB42.502 billion, representing a decrease of 22.6% compared to 2023. The offline performance market maintained its growth trend, with commercial performance box office revenue nationwide reaching RMB57.954 billion for the full year, reflecting a year- on-year increase of 15.37%, according to the National Performance Market Development Briefing for 2024 (《2024全國演出市場簡報》) released by the China Association of Performing Arts (中國演出行業協會). During the Reporting Period, the number of released movies in which the Company was involved and their box office performance continued to rank at the top among industry leaders. With our enhanced promotion and distribution service capabilities, the movies for which we acted as a lead distributor reached record highs at the box office contribution. Our live entertainment business continued to outperform the overall market in both revenue and GMV growth, further strengthening our market competitiveness. By continuing to optimize the revenue structure, the Company maintained its profitability. Entertainment Content Services As a leading promoter and distributor of domestic movies, as well as a premier movie producer and self-developer in China, we actively serve the industry and contribute to the distribution, production and development of various genres of domestic movies. In 2024, we were involved in a total of 63 released domestic movies, achieving a cumulative box office of approximately RMB23.2 billion, with both the number of films we participated in and the market share reaching historic highs for the same period. We also increased the number of top-tier movies we participated in and deepened our presence. Out of the top 10 domestic films in terms of box office in 2024, Maoyan was involved in the production/distribution of 8 movies, including 6 movies for which we acted as a lead distributor. During the Reporting Period, we continued to refine our promotion and distribution capabilities and methodologies, while maintaining a keen sense of market conditions and project evaluation. From early-stage insights into themes, release dates, and evolving user demands to refined operations, we continued to improve and streamline our promotion and distribution capabilities, product systems, and organizational development. We also further standardized our promotion and distribution processes, covering various areas including pre-release marketing, short videos, materials, and collaborative promotion and distribution coordination. At the same time, we persisted in iterating and optimizing our product promotion and distribution capabilities, embraced new technologies and capabilities, and continued exploring synergies among various industries. For instance, we collaborated with mainstream platforms including Baidu, Tencent, and Douyin on AI technology applications in a number of movies, effectively enhancing the movies' promotional effects and user engagement. Leveraging our high-quality promotion and distribution services, as well as our long-standing and ever-growing movie selection and data capabilities, during the Reporting Period, we participated in the promotion and distribution of 60 domestic movies, among which we acted as a lead distributor for 36 domestic movies, setting new records in terms of both the number of movies and the box office. Many of these movies performed exceptionally well in the following release periods: During the 2024 New Year, Shining For One Thing (一閃一閃亮星星), Johnny Keep Walking! (年會不能停!) and The Goldfinger (金手指), for which we acted as a lead distributor/producer ranked among the top three in box office for the release period. During the 2024 Labour Day Holiday, The Last Frenzy (末路狂花錢), for which we acted as the lead distributor/producer ranked second in box office for the release period. During the 2024 Dragon Boat Festival, Be My Friend (我才不要和你做朋友呢), for which we acted as a lead distributor/producer ranked No. 1 in box office, respectively for the release period. During the 2024 summer movie season, Successor (抓娃娃) and A Place Called Silence (默殺), for which we acted as a lead distributor/producer ranked first and second in box office for the release period. During the 2024 National Day, The Volunteers: The Battle of Life and Death (志願軍: 存亡之戰), for which we acted as a lead distributor/producer ranked first in box office for the release period. Moreover, several of the aforementioned movies won or were nominated for awards at the Hundred Flowers Awards (大衆電影百花獎), the China Golden Rooster Awards (中國電影金雞獎), the Changchun Film Festival (長春電影節), the Hong Kong Film Awards (香港金像獎), the Asian Film Awards (亞洲電影大獎), and the Tokyo International Film Festival (東京國際電影節). In particular, during the last five consecutive Spring Festivals, from 2021 to 2025, movies for which we acted as a lead distributor achieved outstanding performances and claimed the top two spots in the corresponding film seasons, including DETECTIVE CHINATOWN 1900 (唐探1900) in 2025, Pegasus 2 (飛馳人生2) in 2024, Full River Red (滿江紅) (ranking No. 7 in China's movie history) in 2023, Too Cool To Kill (這個殺手不太冷靜) in 2022, and Hi, Mom (你好，李煥英) (ranking No. 4 in China's movie history) in 2021. These successes again demonstrated our consistent and reliable ability to identify and capture high-quality content. We continued to focus on self-production and creation, strengthened our own IP development, and enhanced our ability to develop and produce excellent content achieving further breakthroughs in the production domain. During the Reporting Period, we successively released several self- produced movies including A Place Called Silence (默殺), The Umbrella Fairy (傘少女), Go For Broke (重生), Panda Plan (熊貓計劃), and Honey Money Phony ("騙騙"喜歡你). Many of these movies achieved outstanding box office performance and reputation, including: A Place Called Silence (默殺) grossed RMB1.351 billion at the box office, making it the second-highest grossing film of the 2024 summer movie season, and received multiple awards and nominations at the 37th Tokyo International Film Festival (第37屆東京國際電影節) and the 19th Changchun Film Festival (第19屆長春電影節). Panda Project (熊貓計劃) is the best family bonding movie for the National Day season. Honey Money Phony ("騙騙"喜歡你) achieved outstanding box office performance during the 2024 New Year's Eve and 2025 New Year's Day seasons, ranking the third-highest box office revenue in both periods. Furthermore, we remain committed to the animated film industry with a long-term, patient approach. To date, we have made strategic investments and taken concrete steps in talent development, deep collaboration with content creators, IP incubation and growth, technological innovation, and capacity expansion. This year, Endless Journey of Love (時間之子), the first 3D animated movie that we self-produced, is set to meet the audience on May 30, 2025. Furthermore, we involve in the production/distribution of animated movies that have either already been or are about to be scheduled, such as Nobody: Lang Lang Ago (小妖怪的夏天). Moving forward, we will continue to invest and remain committed to creating long-term value in animation movies. Currently, a series of movies for which we acted as a distributor/producer are already released, such as, The Dumpling Queen (水餃皇后), A Gilded Game (獵金游戲), Endless Journey of Love (時間之子), The Litchi Road (長安的荔枝) and Panda Plan 2 (熊貓計劃2). Furthermore, we continue to maintain a diverse and abundant pipeline of movie content covering varied themes. An array of movies in our pipeline are steadily progressing, such as, De Xian Jin Zhi (得閑謹制), Malice (惡意), Intercross (人•魚), VANISHED PEOPLE (消失的人), The Adventure (奇遇) and Nobody: Lang Lang Ago (小妖怪的夏天), as well as several of our self-produced films, such as Running In The Rain (千金不換), and Casual Revenge (即興謀殺). Online Entertainment Ticketing Services Since 2024, the offline performance market has maintained rich supply and strong demand. We have consistently invested in and developed our offline performance ticketing business, further enhancing our market competitiveness. During the Reporting Period, the total revenue and GMV of our offline performances reached new highs compared to the same period in previous years. As for large-scale performance events, in addition to continuing to provide ticketing services for several top-tier domestic artists' tours, including Jacky Cheung, Eason Chan, and Jay Chou, we also provided high-quality ticketing and on-site services for various top-tier international artists' concerts in China, including Kanye West and Mariah Carey. During the Reporting Period, the GMV of concerts for which Maoyan provided ticketing services grew by approximately 90% year-on-year. For local performance events, our market share continued to increase, and the category coverage of our services continues to grow and evolve. For instance, we actively promoted the online penetration of local Quyi shows, with their GMV increasing by approximately 90% year-on-year. We also supported cultural activities organised by local governments by distributing millions of consumption vouchers, driving GMV growth of over RMB10 million. In overseas regions, in addition to support services for various performances in Hong Kong through the Urban Ticketing System (城市售票網), we continued to expand the performance lineup of our self-operated ticketing platform, UUTIX, in the Hong Kong and Macau regions, serving multiple performances, including Macau 2049 (澳門2049) directed by Zhang Yimou (張藝謀) and ComplexCon Hong Kong. We have also established long-term ticketing business partnerships with several entertainment groups in Macau. In addition, we have actively explored cooperation opportunities in multiple regions, including Southeast Asia, the Middle East, and Latin America, and have established in-depth cooperation with several apps in these local regions. We will continue to strengthen our partnerships in the performance business going forward. In 2024, we continued to provide high-quality movie ticketing services to the industry, maintaining our market-leading position and continuously strengthening our competitiveness. During the Reporting Period, we continued to enrich our product offerings with "Cloud Block Booking" (雲包場) and other services, exploring and satisfying our users' diverse needs. In addition, we proactively expanded into new ticketing scenarios by leveraging emerging formats such as live streaming and merchandise promotions to broaden our user service coverage. Furthermore, we continued to enhance our service capabilities for film festivals and government cultural activities. During the Reporting Period, Maoyan served as the official ticketing platform for the 14th Beijing International Film Festival (第十四屆北京國際電影節) for the fourth consecutive year. We also provided ticketing and special promotions for multiple film festivals, including the 49th Hong Kong International Film Festival (第49屆香港國際電影節), the 11th Silk Road International Film Festival (第11屆絲綢之路國際電影節), and the 6th Hainan Island International Film Festival (第6屆海南島國際電影節). Furthermore, we conducted various public welfare activities at the provincial, municipal, and district levels across the country, including movie ticket discounts, a combination of movies and performance, and "savoring food through movies" (跟著電影品美食) campaigns. Advertising Services and Others In terms of promotional and marketing services, we fully leveraged our resource integration capabilities and deepened cooperation with a number of internet platforms. Leveraging our strategic foresight and advantages in products and resources, we expanded our audience reach to lower-tier markets and provided rich advertising promotions for films. During the Reporting Period, we upgraded our comprehensive live streaming marketing services, further diversifying our commercial offerings to boost online film promotions. These efforts generated over RMB10 million in commercialization revenue. To date, our content matrix has attracted a total number of more than 80 million fans. We continue to serve the movie industry with our "technology + big data" approach, while also keeping abreast of the integration of AI technology into the film and television industry. During the Reporting Period, we independently developed AI film creation software, designed to perform intelligent script analysis, intelligent character creation and other functions, effectively enhancing the efficiency of front-end script creation and communication processes. At the same time, we collaborated with multiple AI companies in the industry to jointly explore and advance the application of AI technology in animation production and visual storytelling. Maoyan Pro (貓眼專業版) continues to update and iterate its tool products, leading to a steady increase in industry influence, with the daily average visits reaching a historic high during the 2025 Spring Festival season. Maoyan Pro's global box office data service was further upgraded with more accurate and timely global box office data. This service currently covers major markets including North America, Japan, South Korea, the UK, and Australia, offering the industry a comprehensive and precise reference for global box office performance. As the first authoritative data and information platform in the industry to provide information on domestic movies' overseas release and box office performance, Maoyan Pro has become a key resource for the domestic film and television industry to gauge market performance abroad. Furthermore, during the Reporting Period, we officially launched Maoyan Pro's PC Professional Edition, providing multi-dimensional and scenario-based data query combinations. This upgrade helps our industry partners better formulate their promotion and distribution strategies. Maoyan Research Institute remains committed to leveraging precise and scientific data analysis to provide in-depth, systematic data services for films at every stage of their lifecycle, by closely monitoring market trends, audience preferences, and consumption habits. During the Reporting Period, Maoyan Research Institute published an array of data insights and analysis reports on audience profiles, viewing demands, and audience sentiments during multiple key seasons. Concurrently, Maoyan Research Institute actively expanded its early-stage user research, furnishing concept testing and IP research services for movie projects in development. This helps to keep the industry informed of audience feedback, thereby influencing content creation at its source. OUTLOOK As of March 26, 2025, the total box office for the domestic film market in 2025 had exceeded RMB24.2 billion. Notably, six movies, including NE ZHA 2 (哪吒之魔童閙海), were released during the Spring Festival season. Their total box office reached RMB9.51 billion with 187 million movie viewers, both setting new records for the Spring Festival season. As a key participant in China's film industry, we will adhere to the core development strategy of "Technology + Pan-entertainment" to deepen our presence in the pan-entertainment industry. With a firm commitment to improving our core competitiveness and profitability, we will uphold our original aspiration of serving the entire entertainment ecosystem, while driving high-quality development in the cultural and entertainment industry and making positive contribution to the development of a culture powerhouse. We will continue to strengthen our strategic investment in the entertainment content business, further solidifying our leading advantages and capabilities in movie promotion and distribution. We will also deepen our participation in the distribution and production of blockbusters. Moreover, we will remain committed to the long-term development of animated movies, as well as value creation. Live entertainment remains one of our Company's strategic development priorities. We will closely track market trends while continuing to increase our long-term investment in our performance business, enhancing our infrastructure and service capabilities to further strengthen our market competitiveness. At the same time, building on our existing platforms and business collaborations in Hong Kong and Macau, we will further expand commercial cooperation in these regions and beyond as we seek new growth opportunities and possibilities for the Company's development. Furthermore, we will continue to explore and expand innovative business opportunities, such as the integration of AI technology into film creation and new collaborative scenarios with cinemas and other partners. Last but not least, we would like to express our sincere gratitude to all of our colleagues, shareholders, and industry partners for their trust and support. Let us forge ahead together and propel the high-quality development of the film industry, advancing China's transformation into a cinematic powerhouse. About Maoyan Entertainment Maoyan Entertainment (1896.HK) is a leading technology-driven entertainment company providing diversified services and valuable industry insights in China's pan-entertainment industry. The Company's mission is to make it easy to create, deliver, and enjoy great entertainment. Based on its core development strategy of "Technology + Pan-Entertainment", the Company has grown from an online movie ticketing service provider into an innovative one-stop platform with comprehensive entertainment services. For more information, please visit https://ir.maoyan.com/. Investor Relations Contact Maoyan EntertainmentEmail: ir@maoyan.com Piacente Financial CommunicationsHelen WuEmail: maoyan@tpg-ir.comTel: +86-10-6508-0677 Non-IFRS Financial Measures To supplement the consolidated results of the Company prepared in accordance with IFRS, certain additional non-IFRS financial measures (in terms of, operating profit, operating margin, profit for the period, net margin, profit attributable to equity holders of the Company, basic EPS and diluted EPS), have been presented in this press release. These unaudited non-IFRS financial measures should be considered in addition to, not as a substitute for, measures of the Company's financial performance prepared in accordance with IFRS. In addition, these non-IFRS financial measures may be defined differently from similar terms used by other companies. The Company's management believes that the non-IFRS financial measures provide investors with useful supplementary information to assess the performance of the Company's core operations by excluding certain noncash items and certain impact of M&A transactions. In addition, non-IFRS adjustments include relevant non-IFRS adjustments for the Company's material associates based on available published financials of the relevant material associates, or estimates made by the Company's management based on available information, certain expectations, assumptions and premises. Forward-Looking Statements This press release contains forward-looking statements relating to the business outlook, forecast business plans and growth strategies of the Company. These forward-looking statements are based on information currently available to the Company and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, some of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realized in future. Underlying the forward-looking statements is a large number of risks and uncertainties. Further information regarding these risks and uncertainties is included in our other public disclosure documents on our corporate website.
HONG KONG, March 20, 2025 /PRNewswire/ -- On March 20th, Newborn Town unveiled its annual results for the year ended December 31st, 2024. Benefiting from the AI empowerment of social and entertainment products, the company experienced remarkable growth in both revenue and profit. According to the announcement, Newborn Town reported a total revenue of RMB 5,092 million in 2024, marking a 53.9% year-over-year increase. Net profit for the year reached RMB 788 million, while adjusted EBITDA totaled at RMB 963 million, demonstrating a 42.8% year-over-year increase. The company's social networking business reached revenue of RMB 4,632 million, marking a 58.1% growth year-over-year. TopTop and SUGO, the social products with second-mover advantages, witnessed substantial expansion particularly in the MENA region. Additionally, the innovative business, which included quality games and social e-commerce segment, also performed impressively, contributing RMB 460 million in revenue, a growth of 21.3% YoY. Sustained Growth Achieved in Social Networking Business as MENA's Revenue Growth Rate Exceeds 60% Newborn Town's strategy of developing a 'bush-like' portfolio of social apps has accelerated its growth in 2024, fueled by the company's product innovation, localized operation and growth, as well as the AI-powered commercialization efficiency gains. Among them, new products TopTop and SUGO have shown explosive growth, while established products like MICO and YoHo continue to deliver steady profits and cash flow. In 2024, SUGO's total revenue surged by over 200% year-over-year, with average monthly recharge amount exceeding US$10 million. TopTop also delivered impressive results, with its UGC-driven community further thriving and total revenue increasing by more than 100%. These successes have diversified the company's revenue streams, making its core business more resilient and robust. The MENA market remains a crucial growth driver and has continued to unlock significant business potential in 2024. According to the announcement, Newborn Town's core social apps revenue in this region increased by over 60% compared to the previous year, far outpacing the growth rate of 2023. After over a decade of penetration in the MENA region, Newborn Town continues to break new ground and create incremental value. This not only underscores the vast commercial opportunities in the MENA market but also highlights the company's growing dominance as a leading social entertainment player, further establishing its strengths through strong localization strategies. The MENA region has become a fertile ground for Newborn Town to cultivate blockbuster products. With multiple products leading their respective niches, Newborn Town is inching closer to its strategic goal of "deepening its presence in MENA". In the second half of 2024, the company was granted the Regional Headquarters License by Saudi Arabia's Ministry of Investment (MISA), becoming the first global social entertainment company to establish a regional headquarters in Saudi Arabia. The Capabilities to Replicate Blockbuster Products Further Improved by AI Empowerment For the first time in its results announcement, Newborn Town revealed details about its self-developed multimodal algorithm model, which has significantly boosted commercialization efficiency and fueled new products' explosive growth. The Boomiix model has been instrumental in enhancing the capabilities of Newborn Town's proprietary AI engine, improving efficiency in user behavior analysis, preference identification, and value measurement. The upgraded algorithm has optimized social matching and content recommendation, leading to better user experiences and higher commercialization efficiency. SUGO's success has exemplified AI-driven efficiency gains. By leveraging Boomiix, the social platform has seen improved matching efficiency and smarter operational decision-making progress. By the end of 2024, SUGO experienced a more than 20% increase in ARPU (Average Revenue Per User) compared to the beginning of the year, marking a significant optimization in its monetization strategies. With AI integration deepening across R&D, operations, marketing, and advertising, Newborn Town has successfully accelerated its ability to replicate blockbuster products. SUGO, the social app launched just over three years ago, has already surpassed US$10 million in monthly recharge amount, reinforcing AI's role in the company's expansion strategy. In recent years, by continuously addressing diverse user needs and driving product innovation, the company has built a thriving 'bush-like' portfolio of social apps, including MICO, YoHo, TopTop, SUGO and HeeSay. With the "product matrix + AI engine" model proving effective, Newborn Town is well-positioned to further leverage technology-driven growth and unlock greater commercial value. Quality Games Began Driving Revenue Whilst Social E-commerce Unleashed Potential In 2024, the company made significant strides in its innovative business segments, particularly in quality games and social e-commerce. The quality games sector saw steady growth. The company's self-developed quality games, published through external teams, have generated approximately RMB 705 million in recharge amount, marking about an 80.4% increase compared to 2023. The flagship title, Alice's Dream: Merge Games has performed exceptionally well. Notably, the quality games began contributing to the company's revenue in the fourth quarter of 2024, marking its entry into a profitable phase. Meanwhile, the social e-commerce business experienced rapid growth, driven by the in-depth exploration of user needs, an expanded product portfolio, and a broader user base. Its revenue increased by over 200% year-over-year, with profits surging by more than 600%, solidifying the company's leadership in this vertical market. Newborn Town has demonstrated its firm confidence in future growth through concrete actions. In 2024, the company repurchased shares worth over HKD 150 million and has planned to continue repurchasing in the following years. Looking ahead, Newborn Town is committed to implementing its strategy for cultivating the application 'bush' worldwide, strengthening AI integration and leveraging its diverse product lineup to capture new niches within the global social entertainment market, tapping into the broader commercial space in the "emotional value" consumption field.
HONG KONG SAR - Media OutReach Newswire - 11 March 2025 - The Department of International Trade Promotion (DITP), Ministry of Commerce, continues its mission to promote Thailand's entertainment industry in alignment with the government's soft power strategy and economic growth policies. As part of these efforts, Thailand is positioning itself as a regional film hub by hosting the business networking event "Thai Night: Where Films Come Alive 2025." In addition, DITP leading 37 Thai entertainment companies participate in the Thailand Pavilion at the Hong Kong International Film & TV Market (FILMART) 2025, one of Asia's most significant film and television industry events. Thai Night 2025 will take place on Tuesday, March 18, 2025, at the JW Marriott Hotel in Hong Kong, People's Republic of China. The event will be graced by Her Royal Highness Princess Ubolratana Rajakanya Sirivadhana Barnavadi, who will preside as the honorary chairperson, celebrating the outstanding achievements of Thailand's entertainment industry over the past year. Since its inception in 2011, Thai Night has served as a business networking event, showcasing the strength of Thailand's entertainment industry at major international film festivals, including the American Film Market (USA), Cannes Film Festival (France), and Hong Kong FILMART (Hong Kong). This exclusive gathering brings together film and television producers from Thailand, Hong Kong, and around the world, along with experts from the global entertainment sector. Thai Night will feature a series of special activities, including presentations of outstanding works by Thai entertainment companies, networking sessions to foster collaborations between Thai and international industry leaders, a showcase of authentic Thai cuisine and beverages certified with the Thai SELECT label, highlighting Thailand's potential in the Asian and international markets. Thailand's film industry has made remarkable growth in recent years, gaining international recognition for its skilled filmmakers, scenic filming locations, world-class production capabilities, and strong government support. Thai Night 2025 will serve as a key platform to further elevate the global presence of Thailand's entertainment industry and promote its sustainable growth. To attend Hong Kong Thai Night 2025 and FILMART 2025, please visit www.ditp.go.th or www.facebook.com/thailandfilms. Hashtag: #DITPThe issuer is solely responsible for the content of this announcement.
AUSTIN, Texas, March 5, 2025 /PRNewswire/ -- At SXSW 2025, the Korea Creative Content Agency (KOCCA) is set to showcase the next frontier of entertainment and technology, bringing 12 cutting-edge Korean companies to Austin. From AI-powered media to immersive experiences in XR and the metaverse, KOCCA Pavilion will be the hub for the latest innovations reshaping global content trends. KOCCA Brings the Future of Entertainment to SXSW 2025 – AI, XR, and K-Content Innovation Take Center Stage KOCCA will host three major events at SXSW 2025: KOCCA Pavilion (March 9-12, Booth No. 1007, Austin Convention Center, Hall 3) – Experience firsthand how AI, virtual humans, immersive art, and game-tech are redefining storytelling and audience engagement. KOCCA NEXT STAGE (March 10, 10 AM, Hall 4) – Industry leaders discuss the convergence of AI and entertainment, the rise of digital humans, and the future of interactive storytelling. K-Content Night (March 10, 6-9 PM, Parlor & Yard, Downtown Austin) – An exclusive networking event where investors, creators, and tech pioneers connect over K-content's impact on the global entertainment landscape. Meet the Innovators at KOCCA PavilionTwelve visionary companies will present game-changing solutions in AI-driven media, metaverse experiences, immersive art, and next-gen music & gaming solutions. These companies include DATUMO, BRUSH Theatre, BEAM Studio, ShiningLab, Cuz Global, KAI, Minimap, GiiOii Immersive Studio, apoc, Stela, Neutune, and Gaudio Lab. Visitors can expect to engage with groundbreaking advancements such as AI-generated storytelling, virtual human interactions, and next-gen music tech that is redefining how audiences consume content worldwide. KOCCA NEXT STAGE – The Future of AI in Entertainment (March 10, 10 AM, Hall 4)Beyond the exhibition, KOCCA will host NEXT STAGE, a must-attend panel exploring how AI, XR, and emerging tech are revolutionizing content creation and audience experiences. Featuring industry experts Michael Hwang (DATUMO), Youngbeom Jeong (BEAM Studio), Ellie Lee (apoc), and Sylvia Yang (BRUSH Theatre), this session will dive into the challenges and opportunities of integrating AI in storytelling and the lessons global industries can learn from Korea's rapid innovation. K-Content Night – Where Business Meets Creativity (March 10, 6-9 PM, Parlor & Yard, Austin)KOCCA's K-Content Night is an exclusive gathering that brings together investors, startups, and industry leaders to explore how Korean content is shaping the next wave of entertainment. Attendees will enjoy a high-impact networking session, speed pitches from innovative startups, and exclusive insights into one of the fastest-growing creative industries in the world. This is more than just a networking event—it's an opportunity to connect with visionaries redefining the future of media and entertainment. Register Now: KOCCA Pavilion: https://m.site.naver.com/1BCHG KOCCA NEXT STAGE: https://forms.gle/ZGedEyUEAjxKsH4X8 K-Content Night: https://www.eventbrite.com/e/k-content-night-2025-sxsw-free-dinner-drinks-tickets-1238084777899?aff=oddtdtcreator Join KOCCA at SXSW 2025 and witness the future of entertainment unfold.
The Group recorded US$3.52 million in total comprehensive income for FY2024 as compared to a total comprehensive loss of US$8.47 million for FY2023 The turnaround was mainly due to an increase of US$6.53 million in other income and gains, primarily driven by a US$5.96 million reversal of an impairment loss on the share of results of the Group's 43.88%-owned associated company, Spackman Media Group Limited The reversal is attributable to the successful listing of Crystal Planet Limited, one of Spackman Media Group Limited's subsidiaries, through a reverse takeover transaction on the TSX Venture Exchange SINGAPORE - Media OutReach Newswire - 28 February 2025 – Spackman Entertainment Group Limited (the "Group"), one of Korea's leading entertainment production groups founded in 2011 by global media & technology investor Charles Spackman, wishes to announce that the Group returned to profitability, recording US$3.52 million in total comprehensive income for the financial year ended 31 December 2024 ("FY2024") as compared to a total comprehensive loss of US$8.47 million for the financial year ended 31 December 2023 ("FY2023"). The turnaround was mainly due to an increase of US$6.53 million in other income and gains year-on-year to US$6.56 million for FY2024, which was primarily driven by the reversal of an impairment loss on the share of results of the Group's 43.88%-owned associated company, Spackman Media Group Limited ("SMGL"), by US$5.96 million. This was in relation to the successful listing of Crystal Planet Limited, one of Spackman Media Group Limited's subsidiaries, through a reverse takeover transaction on the TSX Venture Exchange, as announced by the Group on December 6, 2024. The Group's wholly-owned indirect subsidiary Studio Take Co., Ltd. ("Studio Take") released the Korean adaptation of the Taiwanese hit YOU ARE THE APPLE OF MY EYE on 21 February 2025 in Korean theatres. The romance film remake originally premiered at the 29th Busan International Film Festival in October 2024. Studio Take plans to release an upcoming film project titled THE GUEST, which is currently in post-production and tentatively scheduled for release in late 2025 or early 2026. The film is based on the short film with the same title directed by Yeon Je-gwang, which was invited to the 2016 Cannes Film Festival. To sustain the Group's business operations amidst the current slowdown in the Korean movie industry, the Group plans to continue to streamline its existing operations, and explore new business initiatives as well as strategic alternatives. Hashtag: #SpackmanEntertainmentGroupThe issuer is solely responsible for the content of this announcement.About Spackman Entertainment Group LimitedSpackman Entertainment Group Limited ("SEGL" or the "Company"), and together with its subsidiaries, (the "Group"), is one of Korea's leading entertainment production groups. SEGL is primarily engaged in the independent development, production, presentation, and financing of theatrical motion pictures in Korea. The Company was founded in 2011 by renowned media and technology investor Charles Spackman who served as the Company's Executive Chairman until 2017. For the past two decades, Mr. Charles Spackman has been a powerhouse in the Korean entertainment industry starting in the early 2000's with the pioneering success of Sidus Pictures, the largest movie production company at the time and the first to be listed in Korea. Mr. Spackman is also the Founder, Chairman and Chief Executive Officer of the global investment firm, Spackman Group. For more information, please visit charlesspackman.com and spackman-group.com/charles-spackman. Since its founding, SEGL had produced more than 30 major motion pictures including a number of the highest grossing and award-winning films in Korea, namely #ALIVE (2020), CRAZY ROMANCE (2019), DEFAULT (2018), MASTER (2016), THE PRIESTS (2015), SNOWPIERCER (2013), COLD EYES (2013) and ALL ABOUT MY WIFE (2012). Our films are theatrically distributed and released in Korea and overseas markets, as well as for subsequent post-theatrical worldwide release in other forms of media, including online streaming, cable TV, broadcast TV, IPTV, video-on-demand, and home video/DVD, etc. Generally, we release our motion pictures into wide-theatrical exhibition initially in Korea, and then in overseas and ancillary markets. The Group also invests into and produces Korean television dramas. In addition to our content business, we also own equity stakes in entertainment-related companies and film funds that can financially and strategically complement our existing core operations. SEGL is listed on the Catalist of the Singapore Exchange Securities Trading Limited under the ticker 40E. Production Labels SEGL owns a 100% equity interest in Studio Take Co., Ltd. ("Studio Take") which produced STONE SKIPPING (2020) and THE BOX (2021). One of its films, A MAN OF REASON (2023), premiered in the US at the 42nd Hawaii International Film Festival. The film was also invited to the 47th Toronto International Film Festival, the largest film festival in North America, and the 55th Sitges Film Festival, one of the world's top three genre film festivals. Produced by Studio Take, the Korean adaptation of the Taiwanese hit YOU ARE THE APPLE OF MY EYE premiered at the Korean theatres on 21 February 2025. The romance film remake originally premiered at the 29th Busan International Film Festival in October 2024. Studio Take shall also release an upcoming film, THE GUEST, which is at the post-production stage and scheduled to be released in the second half of 2025 or in 2026. The Company owns a 20% equity interest in The Makers Studio Co. Ltd., which plans to produce and release four upcoming films, the first of which will be THE ISLAND OF THE GHOST'S WAIL, a comedy horror film. Talent Representation The Company holds an effective shareholding interest of 43.88% in Spackman Media Group Limited ("SMGL"). SMGL, a company incorporated in Hong Kong, together with its subsidiaries, is collectively one of the largest entertainment talent agencies in Korea in terms of the number of artists under management, including some of the top names in the Korean entertainment industry. SMGL operates its talent management business through renowned agencies such as MSteam Entertainment Co., Ltd., SBD Entertainment Inc., UAA&CO Inc. and Play Content Co., Ltd. Through these full-service talent agencies in Korea, SMGL represents and guides the professional careers of a leading roster of award-winning actors/actresses in the practice areas of motion pictures, television, commercial endorsements, and branded entertainment. SMGL leverages its unparalleled portfolio of artists as a platform to develop, produce, finance and own the highest quality of entertainment content projects, including theatrical motion pictures, variety shows and TV dramas. This platform also creates and derives opportunities for SMGL to make strategic investments in development stage businesses that can collaborate with SMGL artists. SMGL is an associated company of the Company. For more information, please visit spackmanmediagroup.com. For more details, please visit spackmanentertainmentgroup.com.
SHENZHEN, China, Feb. 28, 2025 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced the retirement of Mr. Matthew Yun Ming Cheng from his position as a director on the Board of Directors (the "Board"), effective February 28, 2025. Concurrently, the Board approved the appointment of Mr. Wai Yip Tsang, as a director on the Board, effective February 28, 2025. "Matthew has been a valuable member of TME's Board during his tenure since 2022. On behalf of the Board, I would like to thank him for his dedication, which helped us drive growth and innovation while promoting the prosperity of China's music industry," commented Mr. Cussion Pang, Executive Chairman of TME. "I would also like to welcome Wai Yip to the Board. His deep financial background, extensive experience and business insights will be a tremendous asset to TME." Mr. Tsang currently serves as the Financial Controller of Tencent Holdings Limited (HKEX: 0700). Prior to joining Tencent in 2014, Mr. Tsang began his career at PricewaterhouseCoopers and subsequently held senior financial positions, including chief financial officer or group financial controller at several companies listed on the Main Board of the Hong Kong Stock Exchange and the New York Stock Exchange, and served as a director of a company listed on the New Zealand Stock Exchange. Mr. Tsang is a fellow member of the Institute of Chartered Accountants in England and Wales, the Hong Kong Institute of Certified Public Accountants, and the Association of Chartered Certified Accountants, as well as a member of CPA Australia. He holds a Bachelor of Arts (Honors) in Accountancy. Mr. Tsang possesses extensive experience in audit, accounting, investor relations, and corporate finance, including initial public offerings, restructuring, and mergers and acquisitions activities. About Tencent Music Entertainment Tencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME's mission is to create endless possibilities with music and technology. TME's platform comprises online music, online audio, online karaoke, music-centric live streaming and online concert services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com. Investor Relations ContactTencent Music Entertainment Groupir@tencentmusic.com +86 (755) 8601-3388 ext. 818415
Entertainment
請先登入後才能發佈新聞。
還不是會員嗎？立即 加入台灣產經新聞網會員 ，使用免費新聞發佈服務。 （服務項目） （投稿規範）
