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符合「Entertainment」新聞搜尋結果, 共 7163 篇 ,以下為 169 - 192 篇 訂閱此列表,掌握最新動態
SM Entertainment Holds 28th Annual General Meeting of Shareholders and the New Board Appoints Cheol-hyuk Jang as CEO

"Laying the Foundation to Move Forward to a Fan and Shareholder-centric Global Entertainment Company" -  SM shareholders approve all Board proposed agendas including the appointment of Registered Directors, a partial amendment of the Articles of Incorporation, and a cash dividend payment of KRW 1,200 per share -  In order to respond to the rapidly changing market environment and implement mid- to long-term corporate strategies, the board of directors appointed Cheol-hyeok Jang as the CEO. -  Expectations are rising as SM successfully laid the groundwork to move forward to a fan and shareholder-centric global entertainment leader SEOUL, South Korea, March 31, 2023 /PRNewswire/ -- On Friday, SM Entertainment ("SM" or the "Company") (KRX:041510) announced that all agendas proposed by the Company's Board of Directors(BOD) were approved by its shareholders at the 28th Annual General Meeting of Shareholders(AGM) held at SM headquarter in Seongsu-dong, Seoul. With this, the foundation has been laid for implementing the SM 3.0 strategy, an essential element for the Company to move forward to a fan and shareholder-centered global entertainment company.  Agenda items discussed at the AGM are as follows: (i) approval of the financial statements of the fiscal year 2022 and provision of dividends, (ii) partial amendment to the Articles of Incorporation(AOI), (iii) appointment of Registered Directors including Inside Directors, and (iv) approval of Directors and their compensation limits. First, shareholders voted to approve the proposed cash dividend payment of KRW 1,200 per share as proposed. SM has significantly increased the cash dividend to establish an advanced capital deployment and shareholder return policy as the Company is expected to achieve record-high earnings for the fiscal year 2022 from its main businesses. All the AOI amendment proposals were approved, including the establishment of sustainable governance, strengthening the BOD's independence and responsibilities, and enhancement of shareholder value. The proposed amendments to the AOI, including (i) correction of typographical errors and amendment of laws and regulations, (ii) introduction of an electronic voting system to enhance shareholder rights, (iii) restriction of eligibility for director positions for those who have been sentenced to a fine or more for embezzlement and breach of trust within three years, (iv) statement of Directors' duties of loyalty, fidelity, and confidentiality, (v) separation of the CEO from the Chairman of the Board, adjustment of the procedures for convening the BOD and the principles of board composition (vi) establishment and organization of committees within the BOD, (vii) appointment of a compliance officer and establishment and operation of compliance control standards, have been reflected and are expected to meet the purpose of protecting shareholder rights and improving governance. As for the Registered Directors, all ten candidates proposed by the Board of Directors were appointed, including Cheol-hyuk Jang, Chief Financial Officer (CFO) of SM Entertainment, Ji-won Kim, Head of the SM Entertainment Marketing Center, and Jung-min Choi, Head of the SM Entertainment Global Business Center as Inside Directors. Five candidates for Outside Director were appointed, including Kyu-shik Kim, Chairman of the Korean Corporate Governance Forum, Tae-hee Kim, Attorney at Pyeong San Law Firm, Jung-bien Moon, Professor at Korea University Business School, Seung-min Lee, Partner at Peter & Kim, and Sung-moon Cho, CEO of Chartmetrics, as well as the two new candidates for Non-executive Director, Chang-hwan Lee, CEO of Align Partners, and Yoon-joong Jang, EVP and Global Strategy Officer at Kakao Entertainment. SM's active Inside Directors as of March 31st decided to step down without serving consecutive terms to take responsibility for former Executive Producer Soo-man Lee's mismanagement of the Company. As such, SM has composed a new BOD with the highest level of independence, diversity, and expertise in Korea. In addition, the compensation limits for Directors and auditors were approved as proposed at KRW 6 billion and KRW 200 million respectively, the same as previous fiscal year. Following the AGM, the new BOD called for Board of Directors meeting and appointed Inside Director Cheol-hyuk Jang as its new CEO. Jang Cheol-hyuk is a finance, accounting, and M&A expert with excellent capabilities and qualified experience required for improving financial efficiency and making sound investment decisions. He joined SM as a CFO in 2022 and has been responsible for accounting, tax, finance, and IR affairs, contributing to improving corporate management performance and governance. Having been at the center of the SM 3.0 transition drive coupled with his track record, the Board found him the right person to effectively respond to the rapidly changing domestic and international market environment and faithfully implement mid- to long-term corporate strategies. Jang has worked for global accounting firms KPMG and PwC for 13 years, specializing in accounting audits, corporate acquisition, and spin-off, deal due diligence, and corporate valuation. He oversaw Body Friend's overseas business and led the establishment of Shanghai and LA subsidiaries and store openings, setting up overseas branches, and B2C and B2B sales. He also served as CFO of Skin Food and Dong-A Tanker, working on organizational improvements to turn around insolvent companies. Jang stated, "I feel a great responsibility to assume the position as a CEO when SM is about to take a big leap forward with SM 3.0." He added, "We will establish a sound that transparent governance structure and faithfully implement the SM 3.0 strategy so that SM can become a fan- and shareholder-centered global entertainment leader while continuing to communicate closely with our artists, fans, shareholders, and employees."

文章來源 : PR Newswire 美通社 發表時間 : 瀏覽次數 : 466 加入收藏 :
Digital Domain Reports 2022 Results: Turns to Positive EBITDA of Media Entertainment Business Segment Driven by Record Revenue in 30 Years of the Business and Laser Focus on Core VFX business

HONG KONG, March 31, 2023 /PRNewswire/ -- Digital Domain Holdings Limited ("Digital Domain" or the "Group"), Hong Kong listed visual effects ("VFX") and virtual human technology company, reports full year results for 2022 that reflect the Group's largely completed reorganization plan aimed to refocus its business on providing the highest quality VFX services to the world's leading content producers (mostly Hollywood studios and global game publishers). In 2022, the Group has recorded a revenue of HK$959 million (US$123 million), compared to HK$864 million (US$111 million) or 11% increase from the same period in 2021 – this is the all-time highest revenue in the 30 years of the Group's operations. Following Digital Domain's refined focus on VFX services, closure of loss-making activities, combined with achieving over HK$780 million (US$100 million) in sustainable revenue scale of the business and significant investment in high-quality or lower-cost production hubs in Canada and India, the Group has transformed itself into a firmly profitable operation with a gross margin of 23% in 2022 compared to 14% in 2021 and 11% in 2020. This systemic change in the profitability of Digital Domain led to the Group reporting positive EBITDA of Media Entertainment Business Segment for first the time since 2014; in 2022, Digital Domain generated positive HK$6.15 million (US$0.8 million) EBITDA of Media Entertainment Business Segment versus the negative HK$304.7 million (US$39.2 million) in 2021. On the net basis Digital Domain reporting HK$215 million (US$28 million) net loss in 2022 (a reduction by 72% compared to 2021 net loss of HK$781 million (US$100 million) – those losses largely explained by impairments and write-offs of multiple non-core legacy activities accumulated by Digital Domain over the years before the Group's focus shifted to building profitable and scalable VFX operations in 2021. "Our 2022 results evidence successful completion of the Group's reorganization aimed to build scale and profitability in our core VFX business," commented Daniel Seah, CEO of Digital Domain. "We intend to preserve focus on profitability and positive operating cash flows and we'll look for further profitable growth opportunities both in our core VFX business and in the commercial exploitation of our highly relevant technologies for artificial intelligence" added Mr. Seah. About Digital Domain Digital Domain Holdings Limited ("Digital Domain") is the pioneer of creating transportive experiences. Throughout the last 30 years, Digital Domain has grown to lead the visual effects industry, expanding the arm of virtual humans and visualization globally. Digital Domain's rich legacy consists of hundreds of feature films and episodes, thousands of advertising, game cinematics, and immersive experimental experiences. A creative force in cutting-edge technologies, Digital Domain, has brought exceptional artistry to Academy Award-winning blockbusters of Titanic, What Dreams May Come, and The Curious Case of Benjamin Button, Marvel Cinematic Universe titles crushed all time worldwide box office, such as the Avengers franchise, and Stranger Things made a splash with Season IV. As the first independent visual effects studio to successfully enter Greater China, Digital Domain has further paved the way towards virtual race since 2016. Leaning into technologies of artificial intelligence and virtual reality allows Digital Domain to create photorealistic and emotionally expressive virtual humans, all in real-time, -and provides an advanced medium for human-computer and human-human interactions in diverse virtual scenarios. Digital Domain Holdings Limited is listed on the Hong Kong Stock Exchange (Stock code: 547). Digital Domain has ten locations, including Los Angeles, Vancouver, Montreal, Beijing, Shanghai, and Hyderabad. Digital Domain Official Website - WWW.DIGITALDOMAIN.COM

文章來源 : PR Newswire 美通社 發表時間 : 瀏覽次數 : 3383 加入收藏 :
Kakao Entertainment accelerates global expansion in partnership with Sony Music, beginning with IVE's North America debut

NEW YORK, March 24, 2023 /PRNewswire/ -- Kakao Entertainment announced a new partnership with Columbia Records, a subsidiary of Sony Music, through Kakao Entertainment America. This partnership aims to expand Kakao Entertainment's music distribution network and elevate its position in the global market by leveraging Columbia Records' unparalleled expertise in the North American music business. IVE The partnership kicks off with the global management of one of Starship Entertainment's rising stars, IVE. With IVE's first full-length album titled 'I've IVE (I Have IVE)' set to be released on April 10th, the partnership will support the global music distribution, local marketing, and promotion of the album in North America as well as the group's pre-release track 'Kitsch' to be released on March 27th. Since debuting in December 2021, IVE has become a K-pop powerhouse group, with consecutive hits such as "ELEVEN," "LOVE DIVE," and "After LIKE." Together, these three singles have already sold more than three million copies. Furthermore, in just two years since the group's debut, IVE has won 74 Korean and international music awards. IVE started its global activities by releasing the Japanese version of 'LOVE DIVE' last year in addition to holding concerts in Japan. With the release of this first full-length album, the group plans to expand its global reach, especially in North America.  Following IVE's North America debut, Kakao Entertainment will continue to support the growth of its artists' overseas careers while accelerating the global expansion of its music business. In addition to Starship Entertainment, Kakao Entertainment has various leading labels such as IST Entertainment, Antenna, and EDAM as subsidiaries, and popular k-pop artists. With Kakao Entertainment America as the center of the operation, the company will implement a comprehensive management system to support its artists' overseas tours, promotions, and album releases in partnership with leading global entertainment companies, and seek diverse collaboration to expand its music investment and distribution businesses. In addition, Kakao Entertainment will pursue synergies within its vast IP value chain that connect music, story, and media businesses in collaboration with Tapas Entertainment, North American subsidiary in the story sector. The goal is to expand the company's influence as a global entertainment company representing K-culture and solidify its presence and status in the global market. Joseph Jang, Head of Kakao Entertainment America, expressed excitement about the partnership with Columbia Records, saying "we're thrilled to be embarking on IVE's global journey with Columbia Records, a company with a rich history in pop music. This partnership holds significant meaning for us." He added "By strengthening the production and distribution capabilities of our music and artists in North America, we look forward to increasing the global competitiveness of Kakao Entertainment's music business."

文章來源 : PR Newswire 美通社 發表時間 : 瀏覽次數 : 875 加入收藏 :
Maoyan Entertainment Announces 2022 Annual Results

BEIJING, March 23, 2023 /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, 2022. Full Year 2022 Financial Highlights Revenue was RMB2,319.5 million, compared with RMB3,323.4 million in 2021. Gross profit was RMB1,020.0 million, compared with RMB1,842.2 million in 2021. Profit was RMB104.8 million, compared with RMB368.5 million in 2021. Adjusted EBITDA was RMB320.1 million, compared with RMB742.7 million in 2021. Adjusted net profit[1] was RMB232.7 million, compared with RMB540.0 million in 2021. [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 During 2022, the entertainment industry continued to face complex situation and the various related risks and challenges caused by the pandemic. According to statistics from the China Film Administration, the total box office (including service fees) of Mainland China in 2022 was RMB30.067 billion, representing a year-over-year decrease of 36.38% from RMB47.258 billion in 2021. Furthermore, the live entertainment market was also significantly affected. For instance, according to the relevant market data released on the official website of the China Association of Performing Arts, nearly 9,000 performances were cancelled or postponed nationwide in the first quarter of 2022, and the total number of performances decreased by approximately 80% at the box office during the Labor Day holiday. Outperforming the market in the severely challenging environment of 2022, the Company continued to maintain its overall profitability with its revenue structure further optimized, ability to resist risks improved, and business driving force enhanced. In particular, our entertainment content services continued to develop in 2022, with revenue performance in this segment outpacing the market, further validating our promotion and distribution capabilities and market coverage. Entertainment Content Services As a key player in the entertainment industry, we continue to deepen our involvement in movie promotion and distribution, production and self-production. Despite the severe impact of the pandemic on the industry in 2022, our expanding entertainment content services countered the negative effects of the market's periodic decline due to our forward-looking business framework, ongoing content development, and continuous refinement and iteration of promotion and distribution capabilities. During the Reporting Period, the number of movies for which we acted as a distributor/producer, together with these movies' box office takings, remained at the forefront of the industry. The coverage rate of the total box office of released domestic movies for which we acted as a distributor/producer remained at 50% or above of the domestic movies in the entire market. Specifically, the proportion in quantity of top 10 domestic movies in which we participated and acted as lead distributor continued to align with that of 2021 and even significantly exceeded pre-pandemic levels. With our movie promotion and distribution capabilities further enhanced in 2022, we delivered stellar performances in our market coverage, market influence and revenue contribution. By fully leveraging the strengths and capabilities of our promotion and distribution resources and services, we continued to promote real-time data transparency. Furthermore, by keeping informed of market trends, exploring actual demands, iterating and innovating promotion and distribution products, and optimizing promotion and distribution channels, we further enhanced our intelligent promotion and distribution systems, enabling the movies to achieve better promotional results and boost growth in box office takings. During the Reporting Period, we first proposed the concept of "real-time promotion and distribution" (實時宣發) by officially upgrading the "Real-Time Wish-List Gathering" (實時想看) channel to a "real-time promotion and distribution" (實時宣發) channel while launching the industry's first all-network live trending list to assist users in keeping abreast of changes in movie promotion topics in real-time. Our further upgraded "Real-Time Report" (實時戰報) and "Same-period Movie Comparison" (同檔期對比) services, providing the industry with promotion and distribution information services at a lower fault tolerance rate. Our "Cloud Block Booking" (雲包場) services further improved its personalized customization and expanded the movie promotion channels, achieving a dual conversion of promotion and consumption. In 2022, orders placed with the "Cloud Block Booking" (雲包場) services grew by approximately 50% year-over-year, successfully covering all domestic movies whose box office exceeded RMB100 million. In addition, during the 2023 Spring Festival season, we realized the industry's first closed-loop promotion and distribution via WeChat short video (微信視頻號) as part of our continued efforts to explore new promotion and distribution paths. Based on the above, we achieved outstanding results in movie promotion and distribution in 2022. Comparing with the movies we participated in, those movies we were lead distributor during the year outperformed those in previous years in terms of quantity, proportion, and GMV ratio. Also, the coverage rate of movies we acted as lead distributor to the whole movie market was essentially the same as in 2021, significantly better than pre-pandemic levels. Notably, during the last three consecutive Spring Festival seasons, from 2021 to 2023, the movies for which we acted as lead distributor successfully claimed the top two spots in the box office performance, including Full River Red (滿江紅) (ranking sixth in China's movie history), Too Cool To Kill (這個殺手不太冷靜), and Hi, Mom (你好,李煥英) (ranking third in China's movie history). These successes fully reflect Maoyan's consistent abilities in content recognition for top-tier movies and the steady improvements in its promotion and distribution resources. In turn, these improved promotion and distribution capabilities further enhanced our abilities and strengths in identifying top-tier and high-quality movies and increased our coverage rate and revenue contribution for top-tier movies. In 2022, we participated in a number of movies that performed exceptionally well both at the box office and reputation. These included Too Cool To Kill (這個殺手不太冷靜), for which we acted as lead distributor and producer. This movie claimed second place under the comedy category with a total box office of RMB2.63 billion in 2022. In addition, Someday or One Day (想見你), G Storm (反貪風暴5: 最終章), Warriors of Future (明日戰 記) and Give Me Five (哥你好) achieved excellent box office performances, ranking either the first or the second domestic movies in their respective release seasons, and receiving a number of awards and nominations at the Golden Rooster Awards, Huading Awards, Hong Kong Film Awards, and Macau International Film Festival. In 2023, we will continue to enhance our promotion and distribution, production and self- production competencies and further enrich our smart promotion and distribution service matrix. Besides increasing our involvement in first-tier movies, we will actively expand our reserve of high-quality content while deepening our sustainable growth in entertainment content services. For the six movies released during the 2023 Spring Festival season, we participated in four as a distributor/producer. Among these was Full River Red (滿江紅), for which we acted as lead distributor and producer, grossing RMB4.5 billion at the box office, becoming the Spring Festival season champion, and ranking sixth in China's movie history. Subsequently, we participated in a series of high-quality movies as a distributor and producer, including The Best is Yet to Come (不止不休), Journey to the West (宇宙探索編輯部), The Procurator (檢察風雲), and Castle in the Sky (天空之城), all of which have been scheduled for release at various time slots throughout 2023. In addition, we continue to maintain an abundant reserve of movie content. The movies, in which we participated as a distributor/producer, include Never Say Never (八角籠中), Papa (學爸), Who's the Suspect (拯救嫌疑人), High Forces (危機航線), and The Goldfinger (金手指), as well as the movies we self-produced, include The Woman in the Storm (我經過風暴), and Game Start (天才遊戲), all of which are making steady progress and will be released in due course. Online Entertainment Ticketing Services In 2022, our online movie ticketing services business and market competitiveness remained stable and strong, maintaining our leading position in the industry. We continuously enhanced the service capabilities of our online ticketing platform by actively improving service efficiency to help the industry and our partners increase efficiency at lower costs. Our progressively deepening strategic cooperation with Tencent and Meituan has further solidified our user base. During the Reporting Period, a variety of marketing functions, such as family ticket packages and cinema combo deals, were newly launched to meet the different consumption demands of our users. We also helped achieve the integration of the interests of movie distributors, cinemas, partners, and platforms, further optimizing users' experience in ticket purchasing. Additionally, we proactively continued to address the needs of the whole industry and made valuable contributions. In 2022, we provided audiences with premier ticketing services as the official designated ticketing provider for the 12th Beijing International Film Festival (第十二屆北京國際電影節), the 4th Hainan Island International Film Festival (第四屆海南島國際電影節), and the 9th Silk Road International Film Festival (第九屆絲綢之路國際電影節). In 2022, we continued to invest in and develop live entertainment services, including online ticketing services, and actively explored and developed investments in the production of and IP development for live entertainment events. During the Reporting Period, we also actively addressed the needs of the whole industry and constructively contributed to its recovery by providing complete sets of smart venue ticketing system solutions to nearly 200 emerging small and medium-sized venues across the country. At the same time, we continued to expand our production and distribution coverage for various emerging local entertainment consumer projects and extensively explored the category supply to improve service capabilities and quality in lower- tier cities. Our high-quality projects in production/self-production have made steady progress. Among these, The Grand Expedition (玩味探險家), an immersive fine food interactive drama, was originally shown in Shanghai and subsequently introduced to Shenzhen, and The Grand Studio (玩味製片廠), an immersive interactive drama, was put on in Shanghai. The immersive gaming drama A Film Is Born (揚名立萬) started performances in Shanghai, and is in preparation for performance in other cities. Given the rapid recovery of the entertainment market in 2023, various kinds of live entertainment projects, including large-scale concerts and music festivals, have gradually returned. We will continue to provide professional services for various high-quality projects, such as ticketing agent services for the relevant stops of the Jay Chou Carnival World Tour in 2023 (周杰倫2023嘉年華世界巡迴演唱會). With our professional ticketing system service capabilities and rich industry experience, we successfully established a partnership with the URBTIX (Hong Kong Urban Ticketing System), providing ticketing system and operational services for their live-entertainment business throughout Hong Kong. Since December 2022, our newly developed ticketing system with enlarged capacity has been officially launched, enabling effective handling of ticket purchase requests for numerous events and providing more convenient services and functions. Our system's service capabilities have been effectively proven by multiple performances from the outset of its launch, including Eason Chan FEAR AND DREAMS concert tour in Hong Kong (陳奕迅 FEAR AND DREAMS 香港演唱會). In the future, we plan to provide further live entertainment ticketing and relevant services for the audience in Hong Kong and other regions, leveraging our deep understanding of the performing arts market and the professional service team we have built. Advertisement Services and Others In 2022, we consistently enriched our product promotion tools to assist movies in achieving unsurpassed promotional results, reflected in the significant increase in the commercial value of these products. To support the development of product promotion and distribution, we continued to enrich our promotion and distribution channels and resources and build our omnichannel media ecosystem, covering the entire range of users' online and offline activities. Our channel capabilities serve 60% of the movies released for the year. In terms of content marketing services, we expanded our business from movies to TV dramas and movie makers, establishing extensive and interactive cooperation with multiple platforms. The number of projects we served increased by over 50% compared to last year. In 2022, we continued to improve our data capabilities and services. Leveraging our focus on data analysis as well as our considerable insights into the entertainment market, we committed ourselves to enhancing efficiency and transparency of the industry by addressing pain points while strengthening the service capabilities of the entire industry. During the Reporting Period, our Maoyan Pro (貓眼專業版) further enhanced data diversity and improved data service efficiency. For example, we added box office data from across major countries and regions worldwide, including the UK, France, Japan, and Germany, to the box office rankings. The "Real-time trending List"(實時熱搜) was launched to provide the required promotional data in seconds to industrial partners in a highly efficient manner. Our Maoyan Research Institute (貓眼研究院) produced and released various in-depth thematic research reports, including pandemic-related reports and movie schedule data insights. Moreover, our Maoyan Research Institute is working to provide an increasing number of third parties with early-stage IP studies, and other IP-related research including IP adaptation, development, and testing. Our data and industry integration analysis capabilities and monetization scenarios have been further enhanced, enabling the more efficient business operations of our industry partners. OUTLOOK In line with the optimized and adjusted national pandemic control policies, the operating rate of cinemas nationwide has rapidly increased since December 2022, indicating a significant recovery in the entertainment industry. The total box office for the 2023 Spring Festival season amounted to RMB6.758 billion, making it the second highest-grossing Spring Festival season in China's movie history and breaking the record for the fastest Chinese annual box office to exceed RMB10 billion, surpassing this milestone by 6 p.m. on January 31, 2023. According to the relevant market data released on the official website of the Chinese Association of Performing Arts, the box office and audience numbers for commercial performances during the 2023 Spring Festival season both recovered to approximately 80% of those in 2019, reflecting the strong resilience and vitality of the entertainment market in China. The direction has been set for the prosperous development of China's cultural and artistic industries, allowing for greater room for development and providing clearer objectives for the industry's practitioners. We are confident in the entertainment market's recovery and progress in 2023. Looking to the future, we will adhere to the core strategy of "technology + pan-entertainment" by continuing to deepen our presence in the pan-entertainment industry while constantly improving our core competitiveness and profitability to contribute more value to the industry. In terms of entertainment content services, we will continue to iterate and enhance our core strengths and capabilities in movie promotion and distribution and strengthen our horizontal and vertical involvement in the promotion and distribution, production and self-production of top-tier movies. In the live entertainment, we will also ride this market's robust recovery trend to boost our business, including ticketing services for live entertainment as well as the production and distribution of projects. In the movie ticketing business, we will continue to steadily develop our movie ticketing services while continuing to increase efficiency at lower costs to improve our profitability. In addition, based on our combined advantages covering technology services and the entertainment industry, we will actively explore other innovative business areas and regions, including further expanding our business scope and exploring commercial cooperation scenarios in different countries and regions, building on the foundation of solid partnerships with live entertainment businesses in Hong Kong. Furthermore, we will strengthen our exploration of the post-movie box office market, including inter-adaptation of movies and live entertainment, IP merchandises development, etc. Last but not least, we would like to embrace opportunities and challenges together with our industry peers and focus on creating high-quality literary and artistic products. We hereby express our sincere gratitude to all of our colleagues, shareholders, and industry partners for their trust and support. Let us forge ahead together and create greater value for the industry! 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. Non-GAAP Financial Measures To supplement the consolidated results of the Company prepared in accordance with IFRS, certain additional non-GAAP 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-GAAP 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-GAAP financial measures may be defined differently from similar terms used by other companies. The Company's management believes that the non-GAAP 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-GAAP adjustments include relevant non-GAAP 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. Investor Relations Contact Maoyan EntertainmentEmail: ir@maoyan.com  Piacente Financial CommunicationsHelen WuEmail: maoyan@tpg-ir.com Tel: +86-10-6508-0677

文章來源 : PR Newswire 美通社 發表時間 : 瀏覽次數 : 620 加入收藏 :
Happiness Development Group Limited Announces Name Change to Paranovus Entertainment Technology Ltd.

NANPING, China, March 13, 2023 /PRNewswire/ -- Happiness Development Group Limited ("HAPP" or the "Company"), (NASDAQ: HAPP) is pleased to announce that effective on March 14, 2023, the Company will change its name to "Paranovus Entertainment Technology Ltd.", which better reflects the Company's strategic business expansion and less limiting than the current name. In connection with the name change, the trading symbol of the Class A ordinary shares will be changed to "PAVS" on the Nasdaq Stock Market, effective on March 14, 2023. Xuezhu Wang, the CEO and the Chairman of the Board of the Company, commented, "This new name will reflect the company's evolving focus and strategy. The company is planning to enter into a new field of pan-entertainment in the future with the combination of the traditional entertainment, well-known IP and cutting-edge new technology such as AI, AR, VR and Web3.0. We are excited for this new chapter of the company." About Paranovus Entertainment Technology Ltd. Headquartered in Nanping, China, Paranovus Entertainment Technology Ltd. (fka Happiness Development Group Limited) currently has three business lines: nutraceutical and dietary supplements, e-commerce and automobile sales. The nutrition and dietary supplements business is focusing on the research, development, manufacture and marketing of various products made from Chinese herbal extracts and other ingredients. Over the past 17 years, we have established a product portfolio consisting of 23 PRC National Medical Products Administration registered "Blue-Cap" SKUs of nutraceutical and dietary supplements products. Our e-commerce business focuses on offering e-commerce solutions, including advertising and information technology services to small and medium-sized enterprises in China. We also run our online stores which carries our products of dietary supplements and other selected products sourced from the small and medium-sized enterprises in China. Our mission for the e-commerce business is to enable small and medium-sized enterprises to fully leverage the power of e-commerce to grow rapidly. Our automobile sales adopts the B2B business model and is committed to optimizing the auto supply chain by connecting car dealers on our online automobile sales platform and offering the overall services for purchasing automobiles. For more information, please visit: www.happ.org.cn Forward-Looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China, the COVID-19 outbreak and its impact on our operations and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission.  For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

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Entertainment Unplugged: KONKA Debuts 27-Inch Cordless Smart Monitor in Japanese Market

TOKYO, Feb. 28, 2023 /PRNewswire/ -- KONKA Group Co., Ltd. ("the Company"; 000016. SZ), a leading technology company, announced that the Company has launched MOVEVISION, its latest 27-inch cordless smart monitor in Japan, which has now gone on sale through the national agent GRT. The launch marks the global debut of the home entertainment powerhouse packed with an outstanding display, long-lasting battery capacity and versatile smart features in a lightweight, minimalist structure that allow users to enjoy their daily fix for digital content anywhere, anytime. 27-Inch Cordless Smart Monitor - MOVEVISION Thinking beyond the conventional concepts, the KONKA designers created a smart monitor that's not tied down to a power outlet. It is mounted on a wheeled stand which allows the users to adjust the height, angle and location of the screen, pushing the boundary of traditional home entertainment devices which are often associated with bulkiness and inflexibility. MOVEVISION is equipped with an Android 11 system and supports mainstream video and music streaming apps that are free to download from the Google Play store. The battery allows for four to six hours of video playback, coupled with a streamlined UI design that makes app navigation and operation extremely easy and intuitive. MOVEVISION is also an all-in-one office solution for business presentations and videoconferencing, turning any meeting room into an inclusive and productive collaboration workplace thanks to its mobility, superior audio-visual quality, and versatile capabilities. In addition to MOVEVISION, KONKA has also introduced its bezel-less 680 TV series (without tuner) to the Japanese market, which is now available for purchase through Suruga's online and offline stores. With new offerings, KONKA aims to provide Japanese consumers with the best home entertainment solutions. KONKA Group Co., Ltd. As a platform-based company driven by technological innovation, KONKA's business scope covers consumer electronics products, semiconductor technology, eco-friendly technology, industrial parks, platform service, and investment & finance. Established in 1980, KONKA is China's first Sino-foreign joint consumer electronics enterprise that has been listed on Shenzhen Stock Exchange.  Since 1999, KONKA has been ranked among China's top 100 best companies and has also been named one of the "Top 10 most valuable brands in China".  With annual revenue of over $7.0 billion, KONKA has more than 40 subsidiaries, 200 sales offices, more than 3,000 service outlets and over 15,000 employees across the globe. For more information, please visit www.konkaglobal.com and http://konka.co.jp/. Contact info: info@grtrade.co.jp / chensisi1@konka.com

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2025 年 1 月 21 日 (星期二) 農曆十二月廿二日
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