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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").
Demon Slayer Game Announces Token Presale to Go Live on DxSale Soon
Demon Slayer, a play-to-earn (P2E) action blockchain game of Blade King Global inspired a Japanese Manga Series Demon Slayer: Kimetsu no Yaiba, is excited to announce the date of its token ($BladeKing) pre-sale on PinkSale. The presale is going to commence on February 22, 2022 at 18:00.
Demon Slayer operates on the Binance Smart Chain (BSC), a blockchain network built for running smart contract-based applications.
Demon Slayer is currently in the Phase 1 of its roadmap (whitepaper), and with upcoming planned collaborations and marketing efforts on the way, the project will reach new heights by the end of 2022 after completing its Phase 3.
Presale on DxSale
Demon Slayer ($BladeKing) presale will commence on February 22, 2022 with the presale supply of 44,000,000,000 $BladeKing, using Binance Smart Chain (BSC) Network. The presale will continue from February 22, 2022 to February 23, 2022.
How to Participate
The entering price for the presale is set at 80,000,000 $BladeKing per BNB, with a soft cap 0f 275 BNB and the hard cap set at 550 BNB. The minimum amount required to enter the pre-sale is 0.2 BNB, with a maximum amount of 5 BNB.
Token Launch
Demon Slayer has also announced the date of its official token launch ($BladeKing) to commence on February 23, 2022, the day after the pre-sale.
Demon Slayer token ($BladeKing) will also be available for purchase on PancakeSwap in the coming days.
Demon Slayer Ecosystem
BladeKing tokens ($BladeKing) are BEP-20 tokens obtained by successfully completing Demon Slayer Game battles. They may exchange them for a ticket to The Final Selection and a demon-slaying action blockchain game, which is deployed on the Binance smart chain. After passing the Final Selection or winning a fight, players will get a specific number of the BladeKing tokens. BladeKing may also be used to acquire Nichirin Swords in the game.
Players who successfully complete the seven nights become official members of the Demon Slayer Corps. As the Final Selection ticket charge, a person must pay 20,000 BladeKing tokens. At the completion of the exam, a person will be able to select his own ore for his Nichirin Sword, as well as earn his own outfit and Kasugai Crow. Furthermore, individuals will receive 100,000 BladeKing tokens as the starting point for their demon slayer expedition.
Tokenomics:
Name: Blade King
Ticker: $BladeKing
Network: Binance Smart Chain (BSC)
Contract Address: 0xab237C92EbB49fbadcF187154dF39d31a14cac54
Presale Price: 80,000,000 per BNB
Initial Launch Price: 75,ooo,ooo per BNB
Max Supply: 100,000,000,000 (100 Billion)
Presale — 44%
Liquidity — 40.4%
Copyright Allocation— 10%
Airdrop — 2.6%
Founder Team — 5%
Marketing — 1%
Presale Fee — 0.88%
The liquidity lock will be set for two years following the launch of BladeKing on PancakeSwap.
The Demon Slayer Vision:
With further planned partnerships and marketing projects forthcoming, Demon Slayer is expected to launch its NFT collection in the coming future. Only 100 limited blind boxes will be issued at start, but a total of 10,000 NFTs will be available. As a reward, a new NFT will be minted at the end of the game.
Demon Slayer's growth projections estimate that it will be able to hit most of the short-term goals by May/June 2022.
Further details are available on Demon Slayer's official website, Twitter, and Telegram.
About Demon Slayer:
Demon Slayer Game is a P2E demon-slaying action blockchain game based on the popular Japanese manga series Demon Slayer: Kimetsu no Yaiba, written by Koyoharu Gotouge.
Telegram | Twitter | Discord | Instagram | Medium
References:
Coinscope Audit Report: https://github.com/coinscope-co/audits/blob/main/bladeking/audit.pdf
Smart Contract Address: https://bscscan.com/address/0xab237C92EbB49fbadcF187154dF39d31a14cac54
Disclaimer:None of the information in the above release should be construed as providing legal or financial advice. Please note there are always risks associated with smart contracts. Please use at your own risk. NEWSCALL or DEMON SLAYER is not a registered broker, analyst or investment advisor. If you are willing to, or have purchased BLADE KING TOKEN, you agree that you are not purchasing a security or investment. The NEWSCALL or DEMON SLAYER team can not be held liable for any losses or taxes you may incur. You also agree that the DEMON SLAYER team is presenting the token as it was launched, due to it being renounced it can not be changed. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
The 20 Best Rated & Most Popular Quest Games & Apps – February 2022
While Oculus doesn’t offer much publicly in the way of understanding how well individual apps are performing across its VR storefronts, it’s possible to glean some insight by looking at apps relative to each other. Here’s a snapshot of the top 20 Oculus Quest games and apps as of February 2022. Some quick qualifications before […]
The post The 20 Best Rated & Most Popular Quest Games & Apps – February 2022 appeared first on Road to VR.
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