Over in the USA, this week, Netflix reported a loss of 126,000 US subscribers in the recent three-month period, the first time the company reported a loss since 2011. The company’s 2Q earnings report also revealed fewer new subscribers (2.7 million) than the expected 5 million. As a result, Netflix’s shares dropped more than 10% on Thursday.
In Japan, a Japanese anime studio in Kyoto was set on fire this week.
Globally, the entertainment industry has in recent years seen the rise of over-the-top (OTT) providers such as Netflix, HBO Go, Hulu and Amazon Video. According to a report by PwC, the fastest growing revenue segments for media and entertainment companies in the US, from 2017 to 2022, will be virtual reality (VR), over-the-top (OTT) video and internet advertising.
mm2 Asia (SGX: 1B0)
mm2’s core business lies in film, TV and online content production, distribution and sponsorship. The company was listed in 2014.
Over the past few years, mm2 acquired majority stake in VividTree Holdings as well as UnUsUal Limited – two stocks which we will also be covering later in this article. As a producer, mm2 provides services across the entire content value chain. This allows the company to derive revenue from all stages of the filmmaking process.
Mm2 also has presence in the cinema business. They are currently the only player that manages and operates cinemas in both Malaysia and Singapore. In Malaysia, mm2 operates 142 screens across 19 locations under “mmCineplexes”. In Singapore, mm2 acquired Cathay Cineplexes, the second-largest cinema operator in Singapore in 2017.
mm2’s share price has been sliding since mid-2017, closing at $0.225 last Friday. mm2 will be having their Annual General meeting on 31 July 2019 3pm at the 2mm Talent Hub.
Read Also: Singapore Movie Ticket Price Guide 2019
UnUsUal Limited (SGX: 1D1)
UnUsUal Limited is mm2 Asia’s event production and concert promotion arm. UnUsUal produces and promotes large-scale events and concerts by renowned international artistes in Singapore and the region.
Notable concerts UnUsUal has brought to Singapore this year include Wang Leehom’s ‘Descendants Of The Dragon 2060’ World Tour, JJ Lin’s Sanctuary World Tour and G.E.M’s Queen Of Hearts World Tour. Upcoming events include artists like Westlife, popular French pianist Richard Clayderman and K-pop girl group GFRIEND.
Since its inception in 2017, UnUsUal’s share price has grown 12.7%, closing higher at $0.320 on Friday. UnUsUal will be having their Annual General meeting on 31 July 2019 11am at the 2mm Talent Hub.
Vividtree Holdings (SGX: OMK)
Vividthree was the stock most recently listed on this list. Vividthree listed on the Catalist Board of the SGX-ST in September 2018, opening at $0.225.
Vividthree offers post and content production services and immersive experiences. Vividthree is a virtual reality, visual effects, and computer-generated imagery studio that develops and creates digital intellectual property assets comprising of storylines with accompanying characters and visual elements.
Vividthree has recently invested in an OTT streaming platform provider XMI Group. XMI is working on an OTT platform for alternative content and music with gamified elements. This is aligned with Vividthree’s offerings, as XMI’s platform encourage home VR entertainment, offering an outlet for Vividthree’s VR content.
Last Friday, Vividthree closed at $0.165.
Spackman Entertainment Group (SGX: 40E)
Spackman develops, produces, presents, and finances theatrical motion pictures in Korea. Spackman is well known for their hit Korean film Default that showed on the big screens in late 2018.
This month, Spackman acquired Korean Film Production Company, Simplex, an early stage film production firm. Earlier in 2019, Spackman also announced a collaboration with Mediacorp to co-produce a romantic drama that brings together talent and a mix of familiar and fresh faces from Korea and Singapore.
In 2014, Spackman opened at $0.385. Spackman has been on a downward trend since the end of 2016, closing lower at $0.028 on Friday.
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