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GHY Culture
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For_The_Next_Leg
Master |
27-Nov-2023 11:09
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$GHY Culture(XJB.SI) Crowds are coming back to watch soccer. The Ronaldo event is bound to make waves in China.
https://asia.nikkei.com/Spotlight/Sports/China-s-scandal-plagued-Super-League-reboots-with-crowded-stadiums
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Joelton
Supreme |
18-Nov-2023 12:25
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GHY enters into agreement for Jay Chou concert one day added to Bangkok tour
GHY Culture & Media has entered into a new agreement with Sure Legend International for the right to hold Jay Chou&rsquo s Bangkok concert for two days, Dec 8 and 9, at the Rajamangala National Stadium.
This came after the concert organiser announced on Oct 2 that it would hold the singer&rsquo s Carnival World Tour in Bangkok for one day on Dec 9 &ndash part of the group&rsquo s strategy to ride on the revival momentum of the concert industry.
Jay Chou&rsquo s manager Yang Jun Rong, as a non-executive director, owns a 45 per cent stake in Sure Legend International.
GHY Culture & Media said in an update to shareholders on Friday (Nov 17) that the extended Jay Chou&rsquo s Bangkok concerts are not expected to have any material impact on the earnings per share or net tangible assets per share of the company for the current financial year. It will make further announcements if there are material business updates.
On Oct 30, the group said that it had agreed with Sure Legend to discontinue a master concert agreement which both parties entered in November 2018, as certain terms and conditions of the agreement were no longer applicable in the &ldquo evolved industry landscape&rdquo .
Sure Legend had confirmed at the time that it would grant GHY the production rights of Jay Chou&rsquo s Carnival World Tour Concerts in Bangkok this year and in Yokohama, Sydney and Melbourne in 2024, with a new concert agreement &ldquo to be deliberated and entered into in due course&rdquo .
This month, GHY announced it would pay a US$10 million collaboration fee to Al Nassr Club to co-host a football tournament in China next January, where football superstar Cristiano Ronaldo is expected to play.
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For_The_Next_Leg
Master |
17-Nov-2023 08:59
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$GHY Culture(XJB.SI) With concerts in 2023 and 2024 and new dramas, the turnaround will be ensured for this company!
https://links.sgx.com/1.0.0/corporate-announcements/DOGI50R9SE5VXEHT/d4ecbcfd3be2a85583c4191beb55ea0a83c338714d6980688833d73bf9e0e8fb
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For_The_Next_Leg
Master |
15-Nov-2023 10:35
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$GHY Culture(XJB.SI) Ronaldo and Messi are the top 2 football icon in China. Expect GHY to make a splash when it brings Ronaldo to China!
https://daoinsights.com/opinions/who-are-chinese-football-fans-favourite-players-and-why/
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tedlim
Veteran |
09-Nov-2023 11:50
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This is pure speculation on my part in trying to see where the key income streams from this C.Ronald soccer events in China: Key Income streams: Sponsorships - USD 4 million Ticketing - USD 5m million Advertising Tie Ups - USD 4 million Broadcasting rights - USD 6 million Events - USD 5 million Others - USD 2million Total = USD 26 million After paying USD 10million, GHY gross profit will be USD16 million, is it overstating it or understating it? DYODD... |
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Joelton
Supreme |
09-Nov-2023 08:04
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GHY to bring soccer tournament featuring C. Ronaldo into China
As the organiser, GHY will have exclusive rights regarding sponsorship, licensing, broadcasting, ticketing, advertisement, endorsement, certification operation, promotion and any other rights related to the soccer tournament.
Under terms of an agreement with Al Nassr Club Company, where the Portuguese star is now playing, GHY will organise the " China Tournament January 2024" .
The matches will be played between Jan 21 and 29 next year, pitting Al Nassr and other teams to be designated by GHY.
The soccer tournament will be held in at least two cities (to be chosen from Shenzhen, Xiamen
or Haikou in the People' s Republic of China (" China" ) or in Hong Kong).
The collaboration fee payable by GHY to Al Nassr in respect of the Collaboration Agreement is USD 10 million.
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tedlim
Veteran |
09-Nov-2023 07:24
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This catches my eye....GHY will be entitled to organiser rights on an exclusive basis, being any and all rights regarding sponsorship, licensing, broadcasting, ticketing, advertisement, endorsement, certification operation, promotion and any other rights related to the soccer tournament, and such rights will be sub-licensable to any third party with the approval of Al Nassr.Sports Media Rights Could Surpass $60B Globally By 2024https://frontofficesports.com/sports-media-rights-could-surpass-60b-globally-by-2024/ |
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tedlim
Veteran |
09-Nov-2023 07:14
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This is good, possitive news for GHY, creating new opportunities and expanding the Group' s track record in large-scale events. Shows their committment to extext their business presence beyond Jay Chou concenrts.. > > The revenue streams from Messi earlier china trip shows how increasingly popular soccer is in China. https://edition.cnn.com/2023/06/12/football/messi-mania-china-argentina-intl-hnk-spt/index.html One fan was so eager to meet Messi that he spent 10,000 yuan ($1,400) on rooms at multiple Beijing luxury hotels in the hope of seeing the star, the state-run outlet said. Despite costing up to $4,800 yuan ($670), tickets for the match Thursday at the 68,000-capacity Workers&rsquo Stadium sold out within 20 minutes, according to Global Times, with resale sites advertising tickets for multiple times their face value. Beijing police meanwhile have warned fans to beware of scams after an ad went viral on Weibo that falsely claimed to offer dinner with Messi for 300,000 yuan ($42,000) per person. |
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For_The_Next_Leg
Master |
08-Nov-2023 15:07
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$GHY Culture(XJB.SI) an interesting progression. A move into sports and bringing Ronaldo to China... It' s similar to doing a concert for Ronaldo. Profit should be amazing!
https://www.theedgesingapore.com/news/company-news/ghy-paying-us10-mil-bring-soccer-tournament-featuring-ronaldo-china
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For_The_Next_Leg
Master |
20-Oct-2023 09:36
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$GHY Culture(XJB.SI) Do you know this?
" The majority of dramas now are either co-produced by one of the major streaming platforms or are purchased by the streaming platform before filming even starts, meaning that the drama is guaranteed an airing platform even before they start filming. This decreases the risk involved in a drama never seeing the light &ndash at the very least, it will likely get a web release on a set platform."
This meant that GHY is paid prior to drama being produced. More drama the better. More Drama, more IP
https://dramapotatoe.com/chinese-drama-entertainment-faq/
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For_The_Next_Leg
Master |
18-Oct-2023 14:07
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$GHY Culture(XJB.SI) The IP franchise is something that people always misses out when reviewing this company!
https://www.theedgesingapore.com/news/kopi-c-company-brew/ghys-guo-were-more-just-jay-chou-concerts
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Joelton
Supreme |
12-Oct-2023 09:14
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GHY' s Guo: ' We' re more than just Jay Chou concerts'
From staging Mandopop king Jay Chou&rsquo s concerts during his Carnival World Tour to creating the hit series &ldquo Strange Tales of Tang Dynasty&rdquo , GHY has been behind some of the most high-profile events and entertainment series of late.
A rising star in Asia&rsquo s media and entertainment industry, the firm is headquartered in Singapore and China with over 130 employees. Drama productions form a core foundation of GHY&rsquo s business model, with content spanning various genres like the supernatural, action, mystery and Nanyang genre.
In recent years, it has embarked on a massive push for more Singapore-China collaborations to create more original entertainment content, explains Guo Jingyu, GHY&rsquo s executive chairman and group CEO.
Guo has close to 30 years of experience in the entertainment industry, and has received numerous nominations and wins under various awards in China for his work as a director, producer and scriptwriter for multiple TV drama series.
&ldquo We find that movies, dramas and entertainment content can create shared bonds for greater understanding and appreciation of one another' s culture, which GHY aims to achieve," says Guo.
Putting up great shows
What many may know GHY for is the production of concerts for well-known international artistes in Singapore, Malaysia and Australia.
Since Covid-related restrictions were lifted in late 2022, concerts and live performances resumed in full force.
When GHY staged the Jay Chou Carnival World Tour concerts in Singapore in December 2022 and KL, Malaysia and Sydney, Australia in the first quarter of 2023, tickets for these shows were completely sold out.
The group was also a co-organiser of the rock legends Guns N' Roses concert and Rock Duo Power Station concert in Singapore in 2022.
More recently, the group announced that it will be the organiser for Jay Chou concert this December in Bangkok at Thailand&rsquo s largest stadium. In addition, the Group has invested in a series of Jay Chou' s Carnival World Tour concerts in China that were held in August 2023 and September 2023.
Going forward, GHY will have a slate of new entertainment content, including live drama performances and immersive theatre experiences, among others.
Ambitious plans
Outside of concert productions, Guo shares that GHY has lined up several exciting developments. It recently completed the filming of the long-form drama, &ldquo Strange Tales of Tang Dynasty: Journey to the West&rdquo , as well as a series of short-form drama spin-offs of the drama characters, plotlines, and internet characters.
In the series, fairies, demons, beasts, exotic legends and all kinds of magical and peculiar creatures abound. The intriguing story follows the story of Commander Lu (Head of Imperial Army) and local sheriff Su Wu Ming, an unlikely pair who solve strange cases that plague the thriving Tang dynasty.
Since the show aired last September, it quickly became one of the most-watched mystery action period drama series in China last year, attaining top viewership on Chinese streaming giant iQIYI.
In addition, the company is continuing to leverage on the Nanyang genre as its &ldquo unique IP strength&rdquo , integrating its production capabilities, deep experience and strong network in Southeast Asia, says Guo.
For instance, the broadcast of " The Little Nyonya" drama series in 2020 and " Sisterhood&rdquo drama series in 2023 achieved strong viewership on China Central Television and iQIYI, and generated a global interest in Southeast Asia&rsquo s distinctive cultural heritage. Filming for its third and final drama of the Nanyang genre " Nanyang Transport Volunteers will start in early 2024.
There is also a pipeline of new drama productions in the other genres that are in the script development phase.
Readying itself for future challenges and opportunities
Despite its growing success, the company has weathered through its share of tough setbacks due to the Covid-19 pandemic.
In 2022, one of its drama productions was postponed, and the concert productions and musical performances were also disrupted. The company suffered a loss for the first time since the group was established.
Despite the blows it suffered, Guo was confident that the company could tide through the crisis.
From an early stage, the management knew that focusing on various types of content would only yield short-term positive effects if the firm did not build on its intellectual property (IP).
This was why GHY has developed a strong IP franchise business strategy as the future roadmap for its drama and film production business activities.
Besides expanding its IP franchise strategy, it is also constantly looking for ways to diversify its revenue streams.
For instance, when there are slower periods of drama production business activities, the revenue from its concert and live performance business activities is expected to help support the company&rsquo s financial performance, says Guo.
Additionally, it is looking to tap emerging sectors like the rising popularity of short videos on Chinese streaming platforms.
As of July 2022, GHY has attracted more than 1 billion viewers across its published short drama content, with each series garnering up to 150 million viewers.
It also plans to continue to attract a broader base of millennials and Gen Z audiences with the production of more short drama series.
Guiding the company forward
On his leadership style, Guo attributes his upbringing to having shaped his core values. &ldquo I lacked formal higher education but gained practical experience over the years. With almost two decades as a director, it means that I am involved in people-related work daily, emphasising team development, valuing collaborators, opinions, and even respecting competition,&rdquo says Guo.
Thanks to his love and continuous study of classical culture and philosophy, it has led him to &ldquo embrace and go with the flow&rdquo &mdash an ethos which he applies to the business expansion plans too.
Guo says his &ldquo passion for culture and an unwavering pursuit of high-quality entertainment content&rdquo is his greatest motivation. He also derives great satisfaction from the recognition and endorsement of the younger generation when he and his team have pushed boundaries.
He says, &ldquo Being able to attain achievements and accolades in my beloved industry brings a sense of honour and affirmation, continually energising me. I strongly believe in seizing the day and not wasting time, hence my passion remains high and my commitment is unwavering.&rdquo
Outside of work, Guo says that spending time with family brings him the &ldquo greatest joy.&rdquo Guo also enjoys learning and writing calligraphy, which he says cultivates character, nurtures the body, and puts him in a different emotional state of mind.
And when he&rsquo s not doing those, you can be sure to find him tuned into the latest shows. He says with a laugh, &ldquo I sleep pretty well, unless I am binge-watching shows produced by GHY!&rdquo
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For_The_Next_Leg
Master |
04-Oct-2023 11:50
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$GHY Culture(XJB.SI) For 2024, I think Drama will take the lead in terms of generating revenue. It may be a hit and miss type of drama in terms of the China market. But do note you will always be paid prior to production - and GHY has their own artist. Recently I have also watch some tiktok drama, and interestingly, its quite captivating. |
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Joelton
Supreme |
03-Oct-2023 12:16
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GHY to Organise Mandopop Superstar Jay Chou' s Carnival World Tour Concert in Bangkok, Thailand
&bull GHY is the organiser of Jay Chou' s Carnival World Tour concert in Bangkok, Thailand, that will be held on 9 December 2023 at Thailand&rsquo s largest stadium, Rajamangala National Stadium.
&bull Capitalising on its in-house core capabilities, the Group has been increasing its concert production activities across Asia as part of the Group&rsquo s strategy to harness the opportunities within this market and expand its business presence across Asia.
&bull 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.
Singapore, 2 October 2023 &ndash G.H.Y Culture & Media Holding Co., Limited (" GHY" , and together with its subsidiaries and its PRC Affiliated Entities1 , the " Group" ), a leading player in the media and entertainment industry, is pleased to announce that the Group is the organiser of Jay Chou' s Carnival World Tour Bangkok Concert (周 杰 伦 《 嘉 年 华 》 世 界 巡 回 演 唱 会 曼 谷 站 ) that will be held on 9 December 2023 at Rajamangala National Stadium, Bangkok, Thailand, which is the largest stadium in Thailand (the " Jay Chou Bangkok Concert" ).
In the first half of 2023, the Group has successfully completed Jay Chou' s Carnival World Tour Concerts in Malaysia and Australia. In addition to the Jay Chou Bangkok Concert, the Group recently also announced its investments in a series of Jay Chou' s Carnival World Tour concerts in China that were held in August 2023 and September 2023.
Building on the momentum of the revival of the live performance industry in the endemic phase of COVID-19, the Group has been increasing its concert production activities across Asia.
The Jay Chou Bangkok Concert is part of the Group&rsquo s strategy to utilise its in-house core capabilities to harness the opportunities within this market and expand its business presence across Asia.
Anchored by its two core businesses of TV Program and Film Production and Concert Production, the Group expects its business operations to further normalise in FY2023.
Mr. Guo Jingyu (郭 靖 宇 ), Executive Chairman and Group CEO, said, " With his diverse range of talents, including music, directing, and acting, Mandopop superstar Jay Chou is a true innovator in the global entertainment industry, building a global audience and fan base for his work that transcends language and cultural barriers.
Jay Chou&rsquo s Carnival World Tour celebrates his achievements in the music industry over the past 23 years and we are excited to reunite his fans in Thailand with his visually-energising Carnival World Concert.&rdquo
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For_The_Next_Leg
Master |
02-Oct-2023 13:12
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In the HY results, 2 of Jay concerts shows 13.8m of revenue and 4.8m of gross profit:- which is 34% gross profit margin, higher than that of drama production of Abt 25% gross margin! $GHY Culture(XJB.SI) https://www.investingnote.com/posts/2683769 |
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For_The_Next_Leg
Master |
19-Sep-2023 13:35
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$GHY Culture(XJB.SI) many stakeholder increases their stake after investment in Jay chou concert in China was announced! " In addition, it intends to expand its concert production business activities for FY23 and FY24. On Sep 11, GHY announced that Beijing Changxin Film & Media, which is an indirect associated company of GHY, had entered into two cooperation agreements to invest in a series of Jay Chou&rsquo s Carnival World Tour concerts in China that were held in August 2023 and that will be held in September 2023." Turnaround gonna happen! https://www.businesstimes.com.sg/companies-markets/ghys-guo-jingyu-raises-stake-group-eyes-turnaround-profitability |
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Joelton
Supreme |
18-Sep-2023 10:53
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GHY Culture & Media Holding Co
(GHY), is a leading player in the media and entertainment industry and has produced several dramas and films in China, Singapore and Malaysia that have been broadcast and/or distributed on major TV networks and leading video streaming platforms in China.
On Sep 12, Kang Ru Investments (Kang Ru) entered into a share transfer agreement with a third-party seller (seller), where Kang Ru agreed to purchase from the seller 41,990,000 ordinary shares in GHY, for a consideration of 80 million yuan. Pursuant to Section 4(7) of the Securities and Futures Act 2001 (SFA), Kang Ru is deemed to have an interest in the 41,990,000 shares.
Da Yuan Developments (Da Yuan) is the sole shareholder of Kang Ru. Vistra Trust (Singapore) is the sole shareholder of Da Yuan and is the trustee of the Guo Yue Family Trust which is a discretionary trust. The shares held by Kang Ru are assets of the Guo Yue Family Trust. As at the date of this notification, the beneficiaries of the Guo Yue Family Trust are GY Media & Entertainment Limited, executive chairman and group CEO Guo Jingyu and executive director Yue Lina (including the minor child of Guo Jingyu and Yue Lina).
The acquisition takes Kang Ru&rsquo s direct interest in GHY from 59.60 per cent to 63.51 per cent.
For the group&rsquo s latest half year results, revenue surged 58 per cent to S$32.7 million with H1FY23 (ended Jun 30) gross profit increasing by 110 per cent from H1FY22 to S$10.6 million. Eyeing turnaround and profitability in FY23, the group has entered into various production collaborations with leading streaming service providers in China (such as iQIYI, Tencent Video, and others) and expects a stronger pipeline of new drama productions for FY23 and FY24.
In addition, it intends to expand its concert production business activities for FY23 and FY24. On Sep 11, GHY announced that Beijing Changxin Film & Media, which is an indirect associated company of GHY, had entered into two cooperation agreements to invest in a series of Jay Chou&rsquo s Carnival World Tour concerts in China that were held in August 2023 and that will be held in September 2023.
GHY has the rights to undertake the production of concerts for Jay Chou in Singapore, Malaysia, Australia, Thailand, Japan, and China (excluding Hong Kong and Macau) either on a long-term basis or without any expiry date.
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Joelton
Supreme |
18-Sep-2023 10:49
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GHY&rsquo s CEO Guo Jingyu raises stake as group eyes turnaround, profitability
INSTITUTIONS were net buyers of Singapore stocks over the five trading sessions through to Sep 14, with S$18.4 million of net institutional inflow, while 24 primary-listed companies conducted buybacks with a total consideration of S$25.9 million.
led the share buyback consideration tally, buying back 1.2 million shares at an average price of S$12.58 per share, followed by which bought back 5.36 million shares at an average price of S$1.13 per share. also bought back 365,000 shares at an average price of S$5.12 per share.
The five trading sessions saw 60 changes to director interests and substantial shareholdings filed for close to 30 primary-listed stocks. This included 13 company director acquisitions with no disposals filed, while substantial shareholders filed nine acquisitions and two disposals.
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ozone2002
Supreme |
18-Sep-2023 08:05
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GHY Culture & Media Holding Co(GHY), is a leading player in the media and entertainment industry and has produced several dramas and films in China, Singapore and Malaysia that have been broadcast and/or distributed on major TV networks and leading video streaming platforms in China. On Sep 12, Kang Ru Investments (Kang Ru) entered into a share transfer agreement with a third-party seller (seller), where Kang Ru agreed to purchase from the seller 41,990,000 ordinary shares in GHY, for a consideration of 80 million yuan. Pursuant to Section 4(7) of the Securities and Futures Act 2001 (SFA), Kang Ru is deemed to have an interest in the 41,990,000 shares. Da Yuan Developments (Da Yuan) is the sole shareholder of Kang Ru. Vistra Trust (Singapore) is the sole shareholder of Da Yuan and is the trustee of the Guo Yue Family Trust which is a discretionary trust. The shares held by Kang Ru are assets of the Guo Yue Family Trust. As at the date of this notification, the beneficiaries of the Guo Yue Family Trust are GY Media & Entertainment Limited, executive chairman and group CEO Guo Jingyu and executive director Yue Lina (including the minor child of Guo Jingyu and Yue Lina). The acquisition takes Kang Ru&rsquo s direct interest in GHY from 59.60 per cent to 63.51 per cent. For the group&rsquo s latest half year results, revenue surged 58 per cent to S$32.7 million with H1FY23 (ended Jun 30) gross profit increasing by 110 per cent from H1FY22 to S$10.6 million. Eyeing turnaround and profitability in FY23, the group has entered into various production collaborations with leading streaming service providers in China (such as iQIYI, Tencent Video, and others) and expects a stronger pipeline of new drama productions for FY23 and FY24. In addition, it intends to expand its concert production business activities for FY23 and FY24. On Sep 11, GHY announced that Beijing Changxin Film & Media, which is an indirect associated company of GHY, had entered into two cooperation agreements to invest in a series of Jay Chou&rsquo s Carnival World Tour concerts in China that were held in August 2023 and that will be held in September 2023. GHY has the rights to undertake the production of concerts for Jay Chou in Singapore, Malaysia, Australia, Thailand, Japan, and China (excluding Hong Kong and Macau) either on a long-term basis or without any expiry date. |
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Joelton
Supreme |
15-Sep-2023 10:27
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GHY Media CEO & Exec Director Increases Stake in Company
On 12 September 2023, Kang Ru Investments Limited (" Kang Ru" ) entered into a share transfer agreementwith a third party seller (" Seller" ), pursuant to which Kang Ru agreed to purchase from the Seller 41,990,000 ordinary shares in the Company (" Shares" ), for a consideration of RMB 80 million.
Pursuant to Section 4(7) of the Securities and Futures Act 2001 (" SFA" ), Kang Ru is deemed to have an interest in the 41,990,000 Shares. Da Yuan Developments Limited (" Da Yuan" ) is the sole shareholder of Kang Ru. Vistra Trust (Singapore) Pte. Limited is the sole shareholder of Da Yuan and is the trustee of the Guo Yue Family Trust which is a discretionary trust.
The Shares held by Kang Ru are assets of the Guo Yue Family Trust. As at the date of this notification, the beneficiaries of the Guo Yue Family Trust are G.Y Media & Entertainment Limited, Guo Jingyu and Yue Lina (including the minor child of Guo Jingyu and Yue Lina).
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