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Transmit Entertainment 2021/22 Interim Results Achieve Turnaround, Revenue More Than Doubled to HK$587 million
During the Review Period, the Group further advanced the "Stay-at-Home Economy" and its development strategy of brand diversification. Mainland China continued to be the major source of the Group's revenue and business growth. The Group's proportion of revenue from Mainland China recorded a year-on-year increase of 17.7 percentage points to approximately 96.8%. The Group recorded outstanding results during the Review Period, amounting to approximately HK$587.2 million, representing an increase of approximately 265.2% as compared to the corresponding period last year. The Group's turnaround was mainly due to the airing of "The Ideal City", an inspiring urban workplace TV series and "The Detectives' Adventures", a megahit mystery solving reality show, which drove a significant year-on-year revenue growth of approximately 1,296.4% to approximately HK$502.2 million for the film, TV series and variety show production and distribution segment; and the Group completed the disposal of partial equity interests in the film exhibition business in May 2021, which reduced both the sales and distribution expenses of the related film exhibition business. During the Review Period, the Group recorded the profit attributable to the owners of the Company of approximately HK$10.6 million.
Business Review
Keeping up with the development of the industry and the entertainment tastes of young viewers, the Group has continued to focus on developing and producing contents of outstanding film, TV series and variety show, while actively exploring innovative business models such as web series, online movies and short videos. "The Ideal City" aired on the video website iQIYI and numerous first-tier TV stations across the country, ranking first in the CSM63 TV series viewership ranking, as well as receiving more than ten industry honors and awards including being shortlisted for the 2018-2022 List of Key TV Series Planning and Theme of the National Radio and Television Administration, and was recognized as the "2021 Outstanding Show Broadcasting Overseas" by the National Radio and Television Administration. "The Detectives' Adventures" creatively reinterprets a classic film and television copyright through live action role playing, introducing a production model for detective-themed variety show that appeals to audiences of all ages, successfully gaining multiple industry awards, including the 2021 Internet Viewing + Ranking Internet Varity Show of the Year and the Innovative Variety Show of the Year of the Sixth New Recreation . New Consumption etc. On the other hand, the scriptwriting team of the Group participated in popular TV shows such as the Lantern Festival Gala of the China Media Group and the variety show "Super Sketch Show", continuously spurring related discussions and becoming a trending topic in multiple platforms.
Considering that the COVID-19 pandemic has brought about a challenging business environment for the film exhibition business, the Group disposed partial equity interests in the film exhibition business to reallocate financial resources to other businesses with higher development potential, thereby generating more returns for shareholders of the Company (the "Shareholders"). The disposal transaction was completed on 26 May 2021. Thereafter, in accordance with a management agreement and a supplemental agreement entered by the Group with Cinema City (WL) Limited and Mandarin Motion Pictures Limited, the Group earns fees for the operation of Langham Place Cinema during the term of the agreements. The management believes that the above-mentioned strategic measures will proactively pose a positive impact on the Group's future results and financial performance.
The Group continued to improve its industry chain and broaden its revenue base, and its artistes and internet celebrities continued to be more influential in market segments. During the Review Period, the Group's artistes starred in many TV series and movies, and participated in many endorsement activities. Among which, Yang Chaoyue starred in two costume TV dramas "Chongzi" and "The Seventh Generation", and Li Yitong starred in TV series such as "Warm Cold Nights In The Nine Heavens", "Spy Game" and "Punch Out".
Outlook
Looking forward, the Group will continue to focus on the development of film and TV series production business as well as artiste and internet celebrity agency business in Mainland China, and strives to create a pan entertainment ecosystem and integrate upstream and downstream industry chains, while proactively expanding various realization channels from the downstream industry chains in a bid to attain the strategic deployment of fusing its strengths and resources. Taking advantages of the ample resources of online platforms, the Group will continue to focus on producing quality film and TV series content, while actively diversify the revenue base by continuously identifying business opportunities in relation to the "Stay-at-Home economy" on four aspects including online stream, short videos, internet celebrity cultivation and traffic monetization.
The Group is currently producing a number of projects, including an urban mystery TV series "Frozen Surface" and the third season of variety show "I Love You, Me Too". With the good viewing performance and online popularity of the work, the Group plans to create a self-developed multi-season variety show brand by producing the third season of "I Love You, Me Too" and the second season of "The Detectives' Adventures". In addition, the Group will develop and produce films and TV series on a number of popular copyrighted works of fiction including "Love Destiny", "Wishful Egg", "Romance in the City", "Peach Blossom Debt", "Queen of the Sea" and "Locard's Theory".
Ms. Zhao Wen Zhu, President and Executive Director of Transmit Entertainment, said, "Although the industry was still plagued by the COVID-19 pandemic and the market sentiment, the Group realized a turnaround during the Review Period, benefited from tapping the 'Stay-at-Home Economy' and brand diversification development strategies. Significant growth from the segment of TV series and variety shows production fully demonstrated the outstanding competitiveness of our production team, which helps the Group proactively seize enormous business opportunities in the China market and continue to drive business growth. Transmit Entertainment will further utilize its whole industry chain capabilities to continuously enhance its profitability and extend our competitive edges in the industry, and generate sustainable and satisfactory returns to our shareholders."
About Transmit Entertainment Limited (stock code: 1326)
Transmit Entertainment Limited is a fully-integrated media and entertainment company that empowers the consumer industry. It principally engages in (i) film, TV series and variety show production and distribution; (ii) film exhibition; and (iii) pan-entertainment (including internet celebrities and artiste agency, and pan-entertainment businesses along the value chain). The Group strives to implement the development strategy in relation to the stay-at-home economy and brand diversity through combining resources of scriptwriting, direction and celebrity to cultivate, explore and create popular films and television copyrights by continuously offering quality content and nurturing talented artistes in order to develop its self-owned full industry chain model and construct a unique soft-power moat.
Taking advantages of online platforms to cultivate new artistes and celebrities, the Group proactively explores and develops self-owned retail brand targeting young consumers to further diversify the revenue base by identifying business opportunities in relation to the stay-at-home economy on four aspects, including online stream, short videos, celebrity cultivation and traffic monetization, which eventually forms a business model with the Group being the center supported by film, television and variety show. The Group also expands its business through partnership and enriches its industry chain with self-developed products, forming an integrated upstream and downstream industry chain to fully seize the new opportunities arising from the pan-entertainment business.
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comTransmit Entertainment Limited ("Transmit Entertainment" or the "Company", together with its subsidiaries, the "Group"; stock code: 1326) today announced its unaudited interim results for the six months ended 31 December 2021 (the "Review Period").
MetaShooter Launches a Legendary $100,000 Mystery Box Campaign
The team at MetaShooter is pleased to announce the launching of its mystery box campaign to the gaming community. The ... SafariSwap Launches Limited Edition of Chinese New Year Special NFT Collection, $NatureToken Now Listed on CoinMarketCap and Coingecko
SafariSwap is a new network known for being the fastest and the safest platform for liquidity pooling and its dex based operations.
Recently, Safariswap has announced a new non-fungible token (NFT) for the Chinese Year of the Tiger, it launched exclusive pieces of 888 collectables on February 7. Ahead of the launch of these NFTs, the $NATURE token now has been listed on leading well-known exchanges Coinmarketcap and Coingecko.
What is Safariswap?
SafariSwap is a community-based and driven automated market maker (AMM), which aims to build an animal-friendly and animal lovers-based community which will not only work towards a sustainable living environment for animals but also revolutionize wildlife conservation plans and undertakings around the globe.
Safariswap also has its safari themed NFTs and holders of Safariswap NFTs are well-cited with mystery gifts and promising price preference. Besides, its highly optimized and user-friendly gaming system delivers high yield and huge APY if the holders are contributing to the NFT staking program and also for the users who are holding the $NATURE token which is the native token of Safariswap.
SafariSwap $NatureToken- distribution and working
The SafariSwap token, $Nature, is a high yield staking LP token that provides rewards to its community via liquidity mining and NFT gamification.
The token not only advantages token holders who HODL but also those who participate in the SafariSwap NFT ecosystem, enabling them to swap their tokens for fresh NFTs or upgrade up their prevailing NFTs to receive more rewards and huge APY. This system in turn impetuses token price evolution. SafariSwap's massive rewards model can be an integral part of the strategy for individuals who are looking to invest and earn sedentary income.
By staking safari swap NFTs in the ecosystem, it enables the users to passively earn enormous proportions of rewards which are instantly and automatically distributed to holders allowing effective and seamless experience in migrating assets from other similar liquidity pools.
SafariSwap's $NatureToken Listed on CoinMarketCap and Coingecko
The $Nature token now has been officially listed on coinmarketcap and coingecko allowing users to gather live, up to the minute market research, trading data, and token performance. Coinmarketcap and coingecko are some of the world's largest exchanges for buying, selling, and trading cryptocurrencies. CoinMarketCap is one of the most referred crypto price tracking websites. Coingecko being one the earliest and largest data aggregators in the industry, Safariswap is proud to announce that it is now a part of the 4,700 coins and over 300 exchanges community.
Previously, the token has also been listed on DEX like pancakeswap. The listing has boosted the liquidity of SafariSwap and the price of $NatureToken higher by 20%, two days after the announcement. NatureToken also registered about 4.0% growth on coingecko.
This is the right time for users to invest in buying the $NatureToken directly from CoinMarketCap to assure them of earning profit in the future. Users will also get the chance of earning big staking rewards, huge APY, and increasing their profit by 10 times. It's your chance to act as a smart investor and make sensible future investments by investing in the $NatureToken.
Availability of The NatureToken on Coingecko will also help the users to access the crypto data of the token.
On Coingecko users cannot buy or sell the token directly however, investors can gather better awareness of NatureToken by accessing transparent and qualitative facts and achieving insights such as trust score, 24-hour reported trading volume, market capitalization, circulating supply etc.
SafariSwap offers special NFTs for Chinese New Year
Safariswap is marking the Chinese lunar new year with the launch of a limited set of 888 pieces of collectables. Launched on February 8th, The price structure of these collectables is fixed as 100 USD and they can be purchased directly from the SafariSwap dapp.
To wish all users good luck, health and longevity for the Lunar New Year, SafariSwap has launched these collectables, "As a way to give back to our community for its continuous support". Don't miss this unique and exclusive NFT collection and gather the most rare and exclusive NFTs.
Why get Safariswap New Year NFTs?
SafariSwap strives to nurture the multitudes on the significance of wildlife and habitat conservation, By putting an end to practices like poaching and hunting of endangered species. Thus evolving the creation of revenue opportunities for the neediest communities in the world that are implicated in habitat contortion.
Besides doing good by donating a fraction of the revenue to wildlife organizations, all NFTs that are launched inclusive of the New Year NFT will be part of the roadmap where users will stand to receive a special lump bonus and join in special events only if users own a piece of this limited NFT.
The proceeds have been divided into the following models:
50% of the proceeds will go to Jackpot.
30% of the proceeds will go to company development.
20% of the proceeds will be donated to a selected wildlife conservative organization.
Therefore, Safariswap invites you to begin this journey of investment that helps in taking a step forward to put an end to the illegal trafficking and killing of endangered wildlife animals.
How to purchase these Safariswap's special NFTs?
The below steps will guide you on how to purchase these limited New year's themed NFTs.
1. Prepare 100 USDT in your Dapp wallet
2. Access via your wallet browser: https://app.safariswap.io
3. Connect your wallet & click on the "Buy NFT" function
4. Click the "Approve" on the Lunar New Year NFT
5. Buy the Lunar NFT using the 100 USDT
6. You may check the NFT under "My Collection" after it is purchased
Safari swap is not just a mode for income production, it's a representation of a sustainable planet. It's your chance to invest in the betterment of the world.
Coinmarketcap: https://coinmarketcap.com/currencies/the-nature-token/markets/
Coingecko: https://www.coingecko.com/en/coins/the-nature-token
Safariswap: https://www.safariswap.io/Raghav Sawhney
Outreach Manager SafariSwap
[email protected]
Spanish Treasury Postpones the Definition of Crypto Tax Declaration Models Until Next Year
The Spanish treasury ministry has announced it will postpone the establishment of the complete framework for declaring taxes related to cryptocurrency assets until 2023. While the Spanish government has advanced when it comes to cryptocurrency regulation, the specifics of what will be taxed and in which way are still a mystery for traders and holders.…
The post Spanish Treasury Postpones the Definition of Crypto Tax Declaration Models Until Next Year appeared first on Bitcoin News Miner.
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