| Latest Forum Topics / GHY Culture Last:0.091 -- |
 Post Reply
|
|
GHY Culture
|
|
|
WBdisciple
Elite |
13-Jul-2022 09:55
|
|
x 0
x 0 Alert Admin |
Why China&rsquo s Short Drama Boom Matters For Luxury Avery BookerDecember 4, 2021 Douyin' s hit short drama Love Beyond Words racked up 330 million views. Image: Douyin This article originally appeared in Jing Daily&rsquo s Content Commerce Edition newsletter, which highlights how brands successfully create content to drive revenue in China. Sign up for the Content Commerce Edition and other Jing Daily newsletters here. It&rsquo s no secret that China&rsquo s short video platforms &mdash which include the likes of Bytedance&rsquo s Douyin (TikTok&rsquo s China-market predecessor), Bilibili, and Kuaishou &mdash are becoming virtually impossible for luxury brands to ignore. Every day, 600 million use Douyin and more than 300 million Kuaishou, and where both apps initially were simply places for young audiences to kill some time, they&rsquo re increasingly becoming places to shop as well. According to the Financial Times, the gross value of all of the goods sold on Kuaishou in the third quarter of this year increased 86 percent year-on-year to RMB 175.8 billion ($27.6 billion). But in addition to deciding whether to offer some form of e-commerce via short video platforms, luxury brands now need to decide how to best get in front of short video-addicted audiences. One rising trend that brands are increasingly eyeing as a part of their China marketing mix is short-form, largely &ldquo vertical&rdquo dramas &mdash minutes-long programs that use a vertical format that is conveniently viewable on smartphones. While this trend never really took off in the West, with massively hyped American platform Quibi famously shuttering after just six months, in China they remain more popular than ever. According to Chinese-language media, short dramas on Kuaishou attracted 210 million daily active users (DAUs) in April 2021, with nearly 10 percent of them being &ldquo heavy viewers.&rdquo Something of a shorter-form successor to the lifestyle dramas that have dominated streaming platforms over the past two years &mdash which have provided luxury brands with marketing opportunities as well as threats of bad PR &mdash short dramas could provide a means for luxury brands to leverage a fast-growing media segment at a relatively lower cost. But these opportunities don&rsquo t come without caveats. Akin to miniature episodic soap operas, short dramas have a relatively long (by internet standards) history in China, with Kuaishou among the first to introduce the format with its 2013 series Never Expected (万 万 没 想 到 ). Yet short dramas took nearly five years to hit their stride, steadily gaining viewer interest over the past three years. In 2020, China&rsquo s powerful media regulator, the National Radio and Television Administration (NRTA), began formally including short dramas &mdash which it defined as programs with episodes of less than 10 minutes &mdash under its supervision. Around the same time, ever more film and television production houses and MCN agencies began to invest in short dramas, eager to get in on the trend to promote their in-house IP and rosters of talent. Following the lead of Kuaishou, which recently unveiled plans to launch more short dramas in the year ahead, Baidu&rsquo s content creation platform Baijiahao announced its official entrance into the short drama arena with its &ldquo Broken Shell Project&rdquo (破 壳 计 划 ) program incubation initiative, while Douyin plans to promote more short drama programming on its app. Clearly, short drama is an important rising trend, but the big question faced by producers and platforms (or luxury brands considering a collaboration) alike is whether the short drama format can actually mint valuable long-term IP. These programs are designed to be light and airy, meant to be enjoyed in short bursts like coffee breaks or on work commutes, unlike longer-form programs that look to get audiences deeply emotionally invested in the characters and plotlines. Some programs, such as the recent Douyin hit Love Beyond Words (秦 爷 的 小 哑 巴 ) &mdash which racked up 330 million views &mdash are based on existing IP, in its case a book that saw a more than five-fold jump in sales after the show&rsquo s debut. Yet most short dramas have a more improvised, unscripted look and feel, often quickly tossed together to leverage viral trends and lure in young audiences. This is cause for concern among some in the industry, with one short drama producer telling China&rsquo s Modern Advertising (现 代 广 告 ) that there is currently very little innovation in the short drama market, with most of it simply pandering to audiences by jumping on viral trends. The producer added that he expects this to lead to serious dilution and homogeneity in the market, with users willing to watch content but not willing to pay for it and producers unable or unwilling to invest in building long-term IP. In an attempt to build a stronger business case for short dramas, some producers have launched paid &ldquo advanced on-demand&rdquo features to give loyal audiences early access to new episodes. Yet, as one industry source told Modern Advertising, this strategy is unlikely to pay off, adding, &ldquo When many people see the payment option, they&rsquo ll decide to watch free programs instead. Anyway, there&rsquo s not much difference [in quality] between the two.&rdquo This increases the pressure on producers to figure out ways to actually monetize their short programs. Currently, the options are limited &mdash basically just advertising, e-commerce sales, or platform subsidies. Currently, platform subsidies are the most common monetization model, with Kuaishou claiming it distributes more than RMB 5 million ($784,806) per month to short drama creators, with 80 percent of producers with over 100,000 viewers making some income. Considering the amount of content being posted daily, this is hardly sustainable for all but the most popular programs. This means advertising remains crucial for producers, who most often try to infuse product placement or include sponsors in the lots of their short dramas. Yet beyond the difficulty of sustainable monetization, the key problem in an increasingly saturated short drama market remains the same as always: standing out from the pack, a daunting task when everyone leverages identical youth-based trends and angles for the exact same viewer demographics. And from a business and marketing standpoint, this means that the viability of short drama remains unknown, raising the question: what brand will be the guinea pig to give the format a shot? And will they take that route by partnering with an existing show or simply create their own? |
| Useful To Me Not Useful To Me | |
|
tedlim
Veteran |
13-Jul-2022 09:41
|
|
x 0
x 0 Alert Admin |
Douyin Tests Payment Mode for Short Drama Content, Starting from 1 Yuan Per Episode Nov 29, 2021, 12:30pm Pandaily TikTok&rsquo s sister app for the Chinese mainland Douyin has started to test a payment mode for short drama content, starting from 1 yuan ($0.16) per episode, Tech Planet reported on Monday. According to the test service homepage, the payment mode of Douyin&rsquo s skits is similar to that of paid novels. The mode supports one-time payment with a large discount to unlock the whole collection of drama content. Skits that have already been paid for can be watched repeatedly without a time limit. The report also said that Douyin plans to use the skits as a separate first-level entrance and place it on the homepage of the app to attract more attention from users and creators. Compared with TV dramas and movies, the shooting cycle for skits is basically controlled within 10 days, and their production costs are typically around several hundred thousand yuan. With a low budget and broad user base, skits represent a key rival in efficiency-oriented user groups. In addition to the payment mode, Douyin&rsquo s profit in the field comes from creators, the publicity for customized playlets, and live streaming e-commerce. Kuaishou, Douyin&rsquo s rival in the Chinese market, also exerts strength in the field of short dramas. According to Kuaishou&rsquo s own report, its average daily active viewers of short dramas in April exceeded 210 million, an increase of 8.0% in half a year. More than 20 million users watch more than 10 episodes of the skits every day. Although Douyin has not released any data on the matter, the daily active viewers of skits on Douyin is no less than that on Kuaishou, according to industry speculation. |
| Useful To Me Not Useful To Me | |
|
|
|
|
Joelton
Supreme |
13-Jul-2022 09:36
|
|
x 0
x 0 Alert Admin |
GHY inks collaboration agreement with Douyin
GHY Culture & Media announced that its indirect associated company Tianjin Changxin Film & Media has entered into a production collaboration agreement with Beijing Zitiao Network Technology, a part of the ByteDance Group which operates Douyin. Douyin is a short-form video platform and one of China&rsquo s largest social networks.
Under this collaboration, the two parties will produce an online short drama series titled &ldquo Goddess Hotel&rdquo which was released on Douyin on July 5. The online short drama series will have a total of 15 episodes, with each episode approximately 4 minutes long.
The coproduction of this online short drama series is part of the group' s business strategies and growth plans to create more monetisation opportunities, and to further diversify its portfolio of entertainment products and its distribution channels.
Riding on the high viewership of its first online short drama series " Whimsical World" in October 2020, GHY has subsequently released additional short-form videos in different genres which have seen similar success on various video platforms.
GHY believes that this collaboration to produce and launch this online short drama series on Douyin' s short-form video platform is an encouraging step towards the strengthening of the its online entertainment product offerings and the development of new revenue streams.
This collaboration and the release of the online short drama series with Douyin is also a testament to the strong network of business relationships and partnerships that the group has established with key industry players in the media and entertainment and the technology ecosystems, which it believes is crucial to the expansion of the its business and the execution of its long-term growth plans.
|
| Useful To Me Not Useful To Me | |
|
For_The_Next_Leg
Master |
13-Jul-2022 08:12
|
|
x 0
x 0 Alert Admin |
$GHY Culture(XJB.SI)
Other than the latest news on them collaborating with Douyin (Tik Tok in China), Company is in charge of the Dec 22 Jay Chou concert in SG, MY and Australia that has been already sold out. https://ghyculturemedia.com/services/live-events-management/ |
| Useful To Me Not Useful To Me | |
|
For_The_Next_Leg
Master |
08-Jul-2022 13:41
|
|
x 0
x 0 Alert Admin |
$GHY Culture(XJB.SI) Company has been doing share buyback for the year!
Have bought back 965k shares!
https://links.sgx.com/1.0.0/corporate-announcements/ADB18R1CELYLRPPW/69d1cbab78533e2047ef9b14c821203a77393f52dab82ac894fc3874a74f79fc
|
| Useful To Me Not Useful To Me | |
|
|
|
|
WBdisciple
Elite |
08-Jul-2022 07:38
|
|
x 0
x 0 Alert Admin |
Jay Chou' s new music video viewed more than 5.7 million times in under a day TAIPEI - Taiwanese singer Jay Chou proves he is still a major draw with his latest music video. The Mandopop star debuted the official clip for his new song, Greatest Works Of Art, on his YouTube channel at 12pm on Wednesday (July 6). The video received more than 10,000 views 10 minutes after it was uploaded and was viewed more than 5.7 million times in less than a day. It has since garnered over 6.4 million views as of Thursday afternoon. It has also attracted more than 190,000 likes and over 18,000 comments on the channel. Chou, 43, announced in June that his long-awaited album, Greatest Works Of Art, will be out on July 15. The highly anticipated project is his first studio album in six years, since Jay Chou' s Bedtime Stories was released in 2016. At the start of the video, Chou, who plays a magician, is seen with a friend at the Samaritaine department store in Paris. They are transported to the 1920s after he plays the piano. His character then meets several artists such as Spanish surrealist artist Salvador Dali, French painter Claude Monet, Chinese-French painter Sanyu and Chinese poet Xu Zhimo, as he provides them with inspiration during their interactions. Chou also invited Chinese pianist Lang Lang to make a guest appearance, and both musicians face off on the piano in the video. According to the Taiwanese media, the video is a showcase of Chou' s creativity and innovation as he tries to merge art and literature with music. It is also a throwback to his movie Secret (2007), in which he made his directorial debut. In it, he similarly travels through time while playing the piano. Chou, who is currently in Australia, also showed his fun side on Wednesday evening when he posted on Instagram a clip of himself watching his video on a mobile phone with a kangaroo next to him. |
| Useful To Me Not Useful To Me | |
|
tedlim
Veteran |
05-Jul-2022 10:22
|
|
x 0
x 0 Alert Admin |
GHY is looking interesting with share buybacks and sell-out Jay Chou concerts... Content is king and they are in a sweet spot with their established network and presence in China' s media and entertainment industry pls do your own due diligence... |
| Useful To Me Not Useful To Me | |
|
WBdisciple
Elite |
22-Jun-2022 07:30
|
|
x 0
x 0 Alert Admin |
Could C-Dramas Become the New K-Dramas?
Julienna LawMarch 28, 2022
Streaming services like Netflix and iQIYI are bringing more Chinese content to global audiences. Here&rsquo s why brands should stay tuned to this trend. Photo: Reset
What Happened: More Chinese dramas are coming to a streaming service near you. On April 1, the mega-popular show Reset, a time-travel series that garnered over 1.8 billion views as of February 2022, will be available on Netflix in select regions. At the same time, iQIYI, China&rsquo s answer to Netflix, recently announced that it will be introducing its original Chinese programs to Spanish-speaking regions for the first time, after expanding to North America, Southeast Asia, Japan, South Korea, and other markets.
The Jing Take: For years, Chinese content has seen growing success worldwide. When The Story of Yanxi Palace aired in 2018, it was streamed over 15 billion times across more than 70 markets, becoming the &ldquo most Googled show on Earth.&rdquo The Untamed and Word of Honor, two Chinese Boys&rsquo Love (BL) dramas, have similarly attracted global fanbases after being released on platforms like Netflix, WeTV, and YouTube. In 2021 alone, more than 1,500 episodes of iQIYI&rsquo s Chinese content received the copyright to distribute overseas, further solidifying China&rsquo s soft power.
This growth aligns with an iQIYI survey conducted last year, which found that 76 percent of respondents across 26 countries started sampling Chinese dramas within the past two years. As such, there are more opportunities for brands to tap Chinese stars not just for local marketing spots but for their global campaigns as well. Already, Tiffany & Co. has promoted Jackson Yee, award-winning actor of the movie Better Days, to a global ambassador position. Meanwhile, Cartier has leveraged rapper Jackson Wang, a frequent face on local variety shows, to promote Pasha de Cartier alongside well-known names like Troye Sivan, Maisie Williams and Lily Collins.
That said, there are some factors that may keep China&rsquo s entertainment industry from reaching the same heights as South Korea&rsquo s. For one, whereas Korean content has been increasingly welcomed by international audiences thanks to the popularity of K-pop groups like BTS and Blackpink, as well as hit shows like Squid Game (which took home three SAG awards), Chinese popular culture has not yet entered the mainstream. On top of this, China&rsquo s push for patriotic storylines, particularly through its blockbusters, does not resonate well in the West Wolf Warrior 2, which grossed over $800 million domestically, earned just $2.7 million in North America. Plus, the government&rsquo s censorship and ongoing crackdown on celebrities doesn&rsquo t particularly inspire confidence.
Wolf Warrior 2, a patriotic action film about a special forces operative, made over $800 million in the Chinese market alone. Photo: Beijing Century Media Culture
While Reset may not be the next Squid Game, it does reflect the budding demand for Chinese productions abroad. And as this C-wave continues to spread, brands can get more bang for their buck by partnering with domestic programs &mdash be it through ambassadorial appointments, collabs or product placements &mdash as a way to speak to fans worldwide.
|
| Useful To Me Not Useful To Me | |
|
|
|
|
WBdisciple
Elite |
21-Jun-2022 19:33
|
|
x 0
x 0 Alert Admin |
China' s Bilibili launches paywall as it seeks new revenue source CHINESE video platform Bilibili has launched a paywall for some of its videos as the company, bruised by Beijing' s sweeping crackdown on the tech industry, looks to diversify its revenue sources. The Shanghai-based company, sometimes referred to as China' s answer to YouTube, has started to feature premium videos on its platform. For example, users seeking to watch a series of videos named " The World' s Top 10 Unsolved Mysteries" now need to pay about 30 yuan (S$6.2) to do so. The move reflects a sense of urgency felt by Bilibili, known for featuring free-to-watch videos, to diversify its revenue sources as its existing growth engines - including live streaming and video games - have been heavily hit by Chinese regulators' harsh crackdown last year to rein in the influence of large Internet firms. The company' s total market capitalisation has shrunk from its peak of about US$54 billion last February to just over US$10 billion this month. Bilibili did not immediately respond to a request for comment on Tuesday (Jun 21). So far, The World' s Top 10 Unsolved Mystery series has been viewed more than 10,000 times. An earlier video titled " Three basic skills one must master before becoming a programer" , published on June 9 has also been put behind a paywall. The company reported its first-quarter result earlier this month where it recorded a deeper net loss of US$360.3 million. While its revenue grew 30 per cent year-on-year to US$797.3 million, it slid by 13 per cent compared with the fourth quarter last year. The company' s video gaming business has taken a hit as Chinese regulators have restricted the number of licences available to the market. The company said that it expects to publish only one game in China and one game outside of China this quarter. The company' s live streaming business has also been impacted by new rules Beijing has begun to restrict children and teenagers from tipping live streaming hosts. |
| Useful To Me Not Useful To Me | |
|
tedlim
Veteran |
15-Jun-2022 20:09
|
|
x 0
x 0 Alert Admin |
iQIYI is both customer and shareholder of GHY (which has a mkt cap of S$563 million). Baidu in talks to sell majority stake in iQIYI, China' s answer to Netflix Baidu owns 53 per cent of iQIYI and holds more than 90 per cent of its shareholder voting rights. PHOTO: REUTERS HONG KONG (REUTERS) - China' s internet search engine giant Baidu Inc is in talks to sell its controlling stake in iQIYI Inc, China' s answer to Netflix, in a deal that could value all of iQIYI at about US$7 billion, two people with knowledge of the matter said. Baidu, which owns 53 per cent of iQIYI and holds more than 90 per cent of its shareholder voting rights, plans to sell all its holdings in the Chinese video streaming services firm, the two people and another two sources familiar with the matter said. While cinemas have struggled with Covid-19 lockdowns, China' s online video market is booming. Domestic consulting firm Zhiyan forecasts 2022 revenue is set to climb to 163 billion yuan, up 17 per cent year-on-year. Nasdaq-listed iQIYI, the No. 2 player in China' s video streaming market after Tencent Holdings' Tencent Video, has a market value of $4 billion. Baidu' s targeted valuation of US$7 billion for the whole company in its divestment would represent a price of about US$8.13 per share compared with its latest close of US$4.67. The divestment plan, not previously disclosed by Baidu, comes after the firm deemed iQIYI to be a non-core asset, and as it seeks to sharpen its focus on developing its capital-intensive artificial intelligence and autonomous driving units, the first two sources said. Terms of the deal have not yet been finalised and are subject to change, said the sources, who declined to be identified due to confidentiality constraints. Baidu did not respond to a request for comment. " This is purely market rumour," iQIYI said in an emailed statement to Reuters, without providing further comment. The iQIYI stake has drawn initial interest from a number of financial sponsors and state-owned companies, said three of the sources, including Hong Kong-based private equity firm PAG. China Mobile, the world' s largest mobile network operator by subscribers and owner of streaming service Migu Video, is also among potential buyers, two of the people with knowledge of the matter said. PAG declined to comment. China Mobile did not respond to a request for comment. If Baidu achieves its valuation target, that would represent a premium of more than 100 per cent to iQIYI' s average share price over the past three months of US$3.97. The streaming firm' s shares have lost 70 per cent in the past year amid a broader Chinese tech sell-off. U.S.-listed shares of iQIYI were down 4.7 per cent, while Baidu rose 4 per cent in premarket trading on Wednesday. Baidu, whose businesses range from internet search to electric vehicles, with expansion into cloud services, robotaxis and autonomous driving in recent years, has tapped Bank of America to work on the potential sale, the second pair of sources said. Bank of America did not offer any immediate comment. The stake sale plan drawn up by Baidu, worth nearly US$50 billion by market value, comes against the backdrop of China' s regulatory crackdown since late 2020 on firms from technology, private education and other sectors, which hammered their shares and forced some to scale back expansion in non-core areas. The Nasdaq Golden Dragon Index, which tracks Chinese companies traded on Wall Street, is down 50 per cent over the past year. Snaring iQIYI would give a potential buyer the chance to dive into the main market for full-length TV shows and movies. Tencent Video and iQIYI, as well as smaller rival Youku, owned by Alibaba Group Holding, offer movies, drama series and reality shows - both original content and material bought from other producers. iQIYI has made several hit drama series, including " The Long Night" and " The Wind Blows From Longxi" . Its original variety shows, " The Rap of China" and " The Big Band" , have also been major topics on social media. On the flip side, cash-burning iQIYI has barely broken even in its 12-year history. In the January-March period, it delivered a quarterly profit for the first time since 2016, when it started to report quarterly earnings. It recorded a net income of 169 million yuan in the first quarter of the year, compared with a net loss of 1.3 billion yuan in the same period a year earlier, but its revenue dropped 9 per cent to 7.3 billion year-on-year. |
| Useful To Me Not Useful To Me | |
|
Joelton
Supreme |
10-Jun-2022 08:51
|
|
x 0
x 0 Alert Admin |
GHY: Share buybacks with Concerts to resume
GHY Culture and Media Holding, whose drama and concert production business was hit by the pandemic, has been steadily buying back its own shares. Most recently, on June 6 and 7, it had acquired 30,200 shares at 53.6 cents each and 42,000 shares at 54 cents each respectively. This brings its cumulative buyback under the current mandate to 406,300 shares.
Before the transaction, GHY on May 31, June 1 and June 3, bought back 13,000 shares, 33,500 shares and 22,000 shares at 54 cents each on the open market respectively. Earlier on May 25, 27 and 30, it had also acquired 27,000 shares for 54.5 cents each, 46,600 shares for 53.795 cents each and 30,000 shares for 54.5 cents each respectively.
In an April 22 response to questions by the Securities Investors Association (Singapore), GHY noted that China&rsquo s tough measures to combat the pandemic have curbed its activities in China.
However, GHY has already planned a lineup of concerts featuring Jay Chou in Singapore, Malaysia and Australia between December and March 2023.
|
| Useful To Me Not Useful To Me | |
|
tedlim
Veteran |
07-Jun-2022 09:49
|
|
x 0
x 0 Alert Admin |
Yang Jun Rong, Chou&rsquo s manager, sits on GHY&rsquo s board as its non-executive director. GHY has the rights to undertake the production of concerts for Jay Chou in Singapore, Malaysia, Australia, Thailand, Japan and the PRC (excluding Hong Kong and Macau) either on a long-term basis or without any expiry in time. |
| Useful To Me Not Useful To Me | |
|
|
|
|
tedlim
Veteran |
07-Jun-2022 09:42
|
|
x 0
x 0 Alert Admin |
Jay Chou tickets in Singapore are completely sold out..https://mothership.sg/2022/06/win-jay-chou-world-tour-tickets-moomoo/ |
| Useful To Me Not Useful To Me | |
|
ozone2002
Supreme |
13-Apr-2022 12:55
|
|
x 0
x 0 Alert Admin |
buy as much as u can GHY 52 c https://www.8days.sg/entertainment/asian/jay-chou-carnival-world-tour-singapore-dec-17-18-15539990 |
| Useful To Me Not Useful To Me | |
|
Joelton
Supreme |
05-Mar-2022 13:08
|
|
x 0
x 0 Alert Admin |
DBS downgrades GHY Culture & Media cuts FY22 estimates by 71%
DBS Group Research has downgraded its call on production company, GHY Culture & Media, to " hold" from " buy" as it projects a challenging outlook for the company.
In a research report on Friday (Mar 4), analyst Ling Lee Keng lowered the target price on the stock to S$0.45 from S$0.87 previously.
Ling noted that GHY' s FY2021 results were " drastically" below expectations due to production delays caused by Covid-19.
With various movement restriction measures still in place, she believes the outlook is challenging and thus, slashed FY2022 earnings estimates by 71 per cent.
Gross margin assumptions have been lowered to 30 per cent for FY2022 and 32 per cent for FY2023, from 35 per cent for FY2022 previously.
The analyst highlighted the company' s efforts to ramp up the planning, preparation work and productions of drama and film projects and said there is a " healthy production pipeline" but pointed out that " execution is still key" .
" The successful roll-out of the productions in the pipeline would be the key to seeing an improvement in the group' s financial performance," she said.
In the report, Ling introduced FY2023 estimates as well. Instead of the original projection of 8 dramas in FY2022, she now projects 4 dramas for FY2022 and 6 dramas for FY2023.
Concert production is expected to resume only in 2023, she added. With the gradual reopening of economies in Singapore, Malaysia, China and Australia, GHY can look to hold previously postponed concerts and gradually roll out film and drama productions that are in its pipeline, Ling said.
|
| Useful To Me Not Useful To Me | |
|
Joelton
Supreme |
25-Jan-2022 10:17
|
|
x 0
x 0 Alert Admin |
GHY Culture flags cases of unauthorised use of company name, logo
DRAMA and film production company GHY Culture & Media GHY Culture: XJB +0.93% said it has recently discovered cases of unauthorised use of the company' s name and logo. One of such uses includes a " G.H.Y Culture & Media" application platform that allegedly conducts fraudulent transactions to lure investors to invest in supposed drama and film productions.
GHY' s board said the group is in no way connected to or affiliated with the parties on the other end of the use. The board also clarified that it does not endorse these uses, and makes no representations and warranties, nor bears any responsibility for any activities, actions or information in these uses.
GHY added that it does not solicit for investments from shareholders or the general public, and that the company has not released or authorised the release of any application platform for such purposes or carried out any form of investment offer or financing for its drama and film productions through any mobile application or other application platforms.
GHY said it is currently in the process of investigating such unauthorised uses, and will carry out a detailed assessment of the impact of this on its legal and financial positions.
The group also said it will consider all legal recourse available to it, including making a police report where appropriate or applicable.
Based on the group' s initial assessment on the back of all available information, GHY does not expect any material impact from this on its financial and operational results for 2022. The company added that it will make subsequent announcements if there are material developments or where necessary in accordance with the Singapore Exchange' s listing rules.
|
| Useful To Me Not Useful To Me | |
|
Joelton
Supreme |
16-Oct-2021 11:23
|
|
x 0
x 0 Alert Admin |
GHY Culture' s proposed Clover Films stake purchase falls through
DRAMA and film production firm GHY Culture & Media will not be proceeding with its planned strategic investment in the Clover Films group, as their memorandum of understanding (MOU) has expired.
If completed, the deal would have resulted in GHY holding a 51 per cent stake in each of the 3 Clover Films entities, while the existing shareholders would have retained the remaining 49 per cent.
GHY had not signed any definitive documents with the existing shareholders as at Friday (Oct 15), and the exclusivity period under the MOU had expired on Sep 15.
Despite the lapse of the MOU, the mainboard-listed company said it will continue to explore other collaboration opportunities with Clover Films.
GHY also said it will identify other suitable opportunities to strengthen its presence in Singapore and South-east Asia.
The group added that it " remains well-placed with its industry expertise to further grow across the business value chain" , supported by a positive net cash position and working capital.
Clover Films distributes international movies in Singapore, Malaysia and other South-east Asian countries. These have included the South Korean blockbuster Train To Busan and its sequel Peninsula, the Academy Award winner Parasite and Jackie Chan' s CZ12. It is also involved in the production of local movies in Singapore and Malaysia, such as Jack Neo' s Ah Boys To Men series.
|
| Useful To Me Not Useful To Me | |
|
n3wbie
Elite |
09-Oct-2021 22:00
|
|
x 0
x 0 Alert Admin |
The Chairman and CEO was doing quite a fair bit of share buyback almost daily when the stock was trading above 60c. Now that it is sub 60c, it has gone all quiet. Noticed that the other listed peer in HK, Strawbear has crashed from $15+ earlier this year to $2+ now. Any thoughts on whether this is an opportunistic time to buy-in for the long-term? |
| Useful To Me Not Useful To Me | |
|
Joelton
Supreme |
20-Sep-2021 10:31
|
|
x 0
x 0 Alert Admin |
GHY Culture & Media Holding Co
On Sept 14, GHY Culture & Media GHY Culture: XJB -0.83% Holding Co executive chairman and group CEO Guo Jingyu acquired 138,300 shares of the company at an average price of 59.7 cents per share.
With a consideration of S$82,596, this increased Mr Guo' s total interest in the producer and promoter of dramas, films and concerts, from 60.02 per cent to 60.03 per cent.
This followed his acquisition of 96,600 shares at 61.2 cents per share between Sept 3 and 7, and 255,200 shares at 61.5 cents per share between Aug 20 and 27.
Mr Guo is responsible for supervising the overall business operations and management of the group, as well as business strategies and providing executive leadership and supervision to the senior management team.
On Aug 11, the company reported H1FY21 (ended June 30) revenue growth of 17.9 per cent to S$3.8 million from H1FY20.
Mr Guo is also responsible for directing and producing the drama, film and online video series projects produced by the group. He has close to 30 years of experience in the entertainment industry.
As Mr Guo noted with the H1FY21 results, the group is currently expanding its regional presence, diversifying its pipeline portfolio of entertainment content and driving synergies across existing core businesses and beyond.
|
| Useful To Me Not Useful To Me | |
|
Joelton
Supreme |
13-Sep-2021 09:20
|
|
x 0
x 0 Alert Admin |
GHY Culture & Media
Between Sept 3 and 7, GHY Culture & Media GHY Culture: XJB +0.82% executive chairman and group CEO Guo Jingyu acquired 96,600 shares of the company for a consideration of S$59,116 at an average price of 61.2 cents per share.
This increased his total interest in the producer and promoter of dramas, films and concerts in the Asia-Pacific region, from 60.01 per cent to 60.02 per cent, and followed his acquisition of 255,200 shares at 61.5 cents per share between Aug 20 and 27.
|
| Useful To Me Not Useful To Me | |