In a significant milestone for the entertainment industry in Asia, Taiwan Media Music Group (TMMG), a leading music production and artist management company, has announced the launch of “LegalCoreTM,” an innovative comprehensive legal system that promises to revolutionize the way it approaches contract signing and legal management across the organization.
Legal Management Excellence as a New Priority
With an evocative name, “LegalCoreTM” is presented as the central core that will drive efficient and transparent legal management across Taiwan Media Music Group’s operations. The platform emerges as a response to the entertainment industry’s growing demand in streamlining legal processes, ensuring the validity and security of transactions through advanced digital signatures.
Developed Internally: A Commitment to Innovation.
“LegalCoreTM is the result of an arduous development effort carried out by TMMG’s talented in-house team of legal professionals and technology experts. By relying on in-house development, the company seeks to offer a customized solution that meets your specific needs and complies with the highest standards of security and confidentiality.
Key features of “LegalCoreTM”:
Advanced Digital Signatures: With “LegalCoreTM,” Taiwan Media Music Group takes a step into the digital age, enabling the digital signing of contracts and legal documents with full validity and security. This feature will not only speed up the signing process, but also significantly reduce the use of paper, aligning with the growing concern for the environment.
Centralized Management: The platform offers an intuitive and easy-to-use interface that will allow TMMG’s legal teams to centrally manage and monitor all ongoing contracts and agreements. This improved collaboration and efficiency will strengthen responsiveness and teamwork at all levels of the organization.
Enterprise-Level Security: Committed to safeguarding the confidentiality of legal documents and transactions, “LegalCoreTM” employs state-of-the-art encryption and advanced security measures that meet the most rigorous data protection standards.
Manuel Angel Almaguer, CEO of TMMG, at the Launching
Taiwan Media Music Group President and CEO Manuel Angel Almaguer expressed his enthusiasm during the launch of “LegalCoreTM”: “With this platform, we are reaffirming our commitment to excellence in all areas of our company. The legal aspect is fundamental to the success of our industry, and with ‘LegalCoreTM,’ we are positioning ourselves to remain at the forefront of innovation in entertainment.”
Juan Carlos Ramirez, TMMG Spokesperson: Appreciation and Vision
Representing Taiwan Media Music Group, Spokesperson Juan Carlos Ramirez thanked President Manuel Angel Almaguer for his innovative vision in driving the development of “LegalCoreTM.” “This launch represents a giant step forward for our company and the entire entertainment industry,” said Ramirez. “The vision of our president, Manuel Angel Almaguer, has been fundamental to carry out this project that will allow us to be more efficient, agile and competitive in an ever-changing market.”
Ramirez also highlighted that “LegalCoreTM” aligns perfectly with TMMG’s vision of being a leader and benchmark company in the industry. “We are committed to innovation and excellence in all our operations. ‘LegalCoreTM’ is a clear example of how we are transforming our company to meet the challenges of the future and deliver exceptional service to our artists, partners and clients.”
A Strong and Successful Future for TMMG
“LegalCoreTM is now fully operational at Taiwan Media Music Group, and early results are promising. The platform has received internal praise for its ease of use and its ability to streamline processes, which will improve efficiency and productivity throughout the organization.
With the launch of “LegalCoreTM,” Taiwan Media Music Group consolidates its position as a leader in the entertainment industry in Asia, demonstrating its commitment to innovation and excellence in legal management and all areas of its business.
About Taiwan Media Music Group
Founded in 2020 and headquartered in Mexico, Taiwan Media Music Group (TMMG) has succeeded in becoming a benchmark in music production and artist management in the Asia region. The company has built a solid reputation based on the quality of its productions and the artistic talent it represents. With a forward-looking vision and commitment to excellence, TMMG continues to lead the entertainment industry.
Taiwan Media Music Group Ivan Andres Ferran +1 (484) 481-0467 tmmgroup.icu
Taiwan Media Music Group (TMMG), a pioneering force in the music industry, proudly marks its third anniversary as a trailblazer in the distribution of independent artists’ music. Founded in 2020 by Manuel Angel Almaguer, the current President and CEO, TMMG has emerged as a driving force that seamlessly merges technology and music.
Manuel Angel Almaguer envisioned a digital record label that would revolutionize the music landscape, empowering artists with the ability to share their creations directly on their smartphones or any device without the constraints of physical transportation. With this vision, TMMG embarked on its journey to reshape the music industry.
In its early years, TMMG functioned as an independent project, providing unwavering support to artists and offering them a distinctive platform unparalleled in the industry. The company swiftly gained recognition for its innovative approach, which challenged traditional distribution models. In 2022, TMMG achieved an important milestone by officially incorporating as a company, solidifying its commitment to artists and further expanding its reach.
With a clear focus on nurturing independent talent, TMMG has established itself as a beacon of opportunity and artistic freedom. The company’s core principles are rooted in empowering artists to navigate the digital age, bridging the gap between their creative endeavors and global audiences. Through their digital record label, TMMG has created an ecosystem that allows artists to connect directly with listeners, fostering a more intimate and authentic musical experience.
Celebrating three years of success, Taiwan Media Music Group continues to push boundaries and explore new horizons. Under the visionary leadership of Manuel Angel Almaguer, TMMG remains dedicated to driving innovation in the industry while ensuring artists are at the forefront of the digital revolution. The company’s commitment to excellence and passion for music fuels their ongoing pursuit of groundbreaking solutions.
Looking ahead, Taiwan Media Music Group envisions expanding its reach globally, forging partnerships with industry leaders, and continuing to revolutionize the way music is created, distributed, and enjoyed. TMMG is poised to redefine the music landscape, providing independent artists with the platform they need to thrive and create lasting impressions.
Taiwan Media Music Group Ivan Andres Ferran +1 (484) 481-0467 tmmgroup.icu
New Media Lab Limited (“New Media Lab” or the “Group”, Stock Code: 1284.HK), a renowned digital media flagship group in Hong Kong, today announced the details of its share offer (the “Share Offer”) and proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”).
New Media Lab is offering a total of 150 million new shares under the Share Offer, comprising 135 million placing shares for subscription by investors and 15 million shares for subscription by the public in Hong Kong (the “Allocation”), representing 90% and 10% of the total number of the offer shares, respectively. The Allocation of the offer shares is subject to reallocation, whereby part of the placing shares will be re-allocated to the public offer in case of a certain level of over-subscription in the public offering.
Emperor Corporate Finance Limited and Lego Corporate Finance Limited are the Joint Sponsors of the Group’s listing. Emperor Corporate Finance Limited and Lego Securities Limited are the Overall Coordinators. Emperor Securities Limited, China Galaxy International Securities (Hong Kong) Co., Limited and Lego Securities Limited are the Joint Coordinators, Joint Bookrunners and Joint Lead Managers. BOCOM International Securities Limited, Guotai Junan Securities (Hong Kong) Limited and Soochow Securities International Brokerage Limited are the Joint Bookrunners and Joint Lead Managers.
The offer price (the “Offer Price”) is expected to range between HK$0.84 and HK$0.92 per share. Assuming an Offer Price of HK$0.88 per share, being the mid-point of the indicative Offer Price range, the net proceeds from the Share Offer (after deducting related costs payable for the Share Offer) are estimated to be approximately HK$95.0 million. The net proceeds will be used for (1) expanding and enhancing product lines, as well as data collection and analytical capabilities; (2) mergers and acquisitions and/or strategic alliances with other media or e-commerce market players; (3) constructing in-house media content management platform; (4) general working capital; and (5) repayment of bank borrowings.
The public offer will open on 30 June 2023 (Friday) and close on 5 July 2023 (Wednesday). The allotment results will be announced on 14 July 2023 (Friday). Dealings in the shares of the Group will commence on the Main Board of SEHK on 17 July 2023 (Monday) under the stock code 1284. Shares will be traded in board lots of 5,000 shares each.
New Media Lab is a digital media flagship group, providing one-stop integrated advertising solutions to brand owners and advertising agencies through a number of digital media platforms. The Group has established its online business since 2011, and currently operates nine media brands, including “Weekend Weekly”, “Oriental Sunday”, “Economic Digest”, “New Monday”, “More”, “GOtrip”, “Sunday Kiss”, as well as two brands more recently introduced – “SSwagger” and “Madame Figaro”. Each brand has its dedicated content pillars covering dining and local attractions, gourmet and gastronomy, fashion and beauty, travel, entertainment news, kids and parenting, electronic gadgets and gaming, finance and investment, as well as designer and luxury labels.
Mr. Royce Lee, Executive Director & Chief Executive Officer of New Media Lab, said, “With our strong digital media presence, we have recorded over 7.4 million and over 1.2 million followers on 10 Facebook’s fanpages and 9 Instagram’s profiles respectively as of 31 December 2022, both of which are third party social media platforms. Besides, for the year ended 31 December 2022, our 9 websites recorded unique visits of over 219 million. Our engaging contents and effective social media strategy have provided an ideal platform for advertisers, thereby propelling our business.”
The Group offers a wide spectrum of advertising products and integrated services on different media platforms to advertisers, including display banners, advertorial and reviews, social platforms newsfeeds, creative and production and strategic services such as SEO and segment marketing, formulating comprehensive and tailor-made advertising solutions. The Group possess a diversified and strong audience base, enabling it to reach and attract different types of audience, and in turn generates value for its advertisers.
For the year end 31 December 2022, the Group’s total revenue was HK$240.7 million, in which revenue from the digital advertising accounted for 95.2% of the total revenue; adjusted net profit (excluding listing expenses) was HK$43.6 million. According to the Euromonitor Report, the Group ranked second amongst online advertising companies in Hong Kong in terms of revenue, in three consecutive years between 2020 and 2022, fully reflecting its leadership position in the market.
Looking forward, the Group will (1) pursue growth through mergers and acquisitions and/or strategic alliances with other media or e-commerce market players; (2) further expand product lines and client base and explore opportunities in specific industry verticals such as online finance or banking, in order to cater for diversified needs of different advertisers; (3) strive to enhance data collection and analytical capabilities through the development of e-commerce solution platform to increase the varieties and dimensions of the data that the Group can collect; (4) develop and implement a media content management system to enhance the Group’s productivity and unleash its potential; and (5) apply AI and machine learning models in the back-end operations of its platforms to strengthen technological infrastructure, and continue to invest in its technological infrastructure and recruit talent.
Mr. Lee concluded, “We have been engaging in the media business in Hong Kong for more than two decades, and have established an extensive customer network through our early entry into the digital marketing business. The increasing number of younger customers and popularisation of digital platforms as well as the pandemic have led to a significant and rapid change in lifestyle and consumption habits; plus the rapid shift of retailers to utilise online platforms to enhance their sales channels, we are optimistic about the outlook of the online advertising industry. After the completion of the Share Offer, we will actively pursue our expansion strategy and optimise our overall capital structure, in order to capture growth opportunities and enhance our market position.”
Offering Details Number of offer shares: 150,000,000 new shares Number of placing shares: 135,000,000 new shares Number of public offer shares: 15,000,000 new shares Offer Price: HK$0.84 to HK$0.92 per share Market capitalisation*: HK$504,000,000 to HK$552,000,000 Estimated net proceeds**: HK$95,000,000 Stock code: 1284.HK *Based on the Offer Price of HK$0.84 and HK$0.92 per share, respectively **Based on the mid-point of the indicative Offer Price range as HK$0.88 per share
Financial Summary HK$’000(Audited) For the year ended 31 December 2020 2021 2022 Total revenue 211,589 245,199 240,678 Digital advertising revenue 180,252 231,858 229,169 Adjusted net profit * 41,168 42,405 43,556 Adjusted net profit margin * 19.5% 17.3% 18.1% * Exclude listing expenses
About New Media Lab Limited New Media Lab is a digital media flagship group, providing one-stop integrated advertising solutions to brand owners and advertising agencies through a number of digital media platforms. The Group currently operates nine media brands, including “Weekend Weekly”, “Oriental Sunday”, “Economic Digest”, “New Monday”, “More”, “GOtrip”, “Sunday Kiss”, as well as two brands recently introduced – “SSwagger” and “Madame Figaro”. Each brand has its dedicated content pillars covering dining and local attractions, gourmet and gastronomy, fashion and beauty, travel, entertainment news, kids and parenting, electronic gadgets and gaming, finance and investment, as well as designer and luxury labels. For more information, please visit its website: www.NewMediaLab.com.hk.
Investor/ Financial Media Enquiries Ms. Anna Luk Group Investor Relations Director Emperor Group Tel: +852 2835 6783 Email: annaluk@emperorgroup.com
Ms. Janice Au Group Investor Relations Manager Emperor Group Tel: +852 2835 6799 Email: janiceau@emperorgroup.com
Corporate communications and branding media veteran Gregory Ho has been appointed Senior Advisor with the Asia Video Industry Association (AVIA).
Gregory Ho
In this full-time role, Ho will support AVIA CEO Louis Boswell and work closely with the teams in Singapore and Hong Kong, focussing particularly on the curation of AVIA events and conferences as well as membership development and engagement. He will continue to be based in Singapore.
“As our industry continues to evolve during this period of tremendous flux and transition, I’m delighted to have Greg joining the team. His deep experience and understanding of our industry and his extensive network of contacts will be a tremendous asset as we continuously strive to represent and support the industry’s and our members’ needs including the opportunity to share, learn and engage with each other through our various events and conferences,” said Boswell.
The AVIA membership includes key players in every segment across the entire video industry and eco-system in Asia Pacific and facilitates opportunities for members to engage through a series of activities including 8 industry conferences in 2023 as well as a select number of bespoke member events.
“I look forward to working with Louis and the small but mighty AVIA team as we continue to support the industry and our members, shining the spotlight on growth opportunities and the most pressing challenges through our events and conferences – sharing, discussing and debating what matters most to us. I’m honoured to have this opportunity to give back to the industry that I love and has been my career for the past 3 decades,” said Ho.
Ho most recently spent 9 years with Warner Bros. Discovery in Hong Kong and Singapore where he led Corporate Communications and Marketing for the media and entertainment conglomerate’s entire portfolio of brands, services and businesses as well as Warner Bros., CNN, Cartoon Network and HBO, across Asia Pacific. He also had a long spell with Sony Pictures Entertainment – which included leadership roles overseeing Marketing, Communications, Ad Sales, Research, Channel Management and Operations for its networks in Asia. He began his career with positions at CNBC Asia and Mediacorp Singapore.
About the Asia Video Industry Association
The Asia Video Industry Association (AVIA) is the trade association for the video industry and ecosystem in Asia Pacific. It serves to make the video industry stronger and healthier through promoting the common interests of its members. AVIA is the interlocutor for the industry with governments across the region, leads the fight against video piracy through its Coalition Against Piracy (CAP) and provides insight into the video industry through reports and conferences aimed to support a vibrant video industry.
For media enquiries and additional background please contact: Charmaine Kwan Head of Marketing and Communications Email: charmaine@avia.org Website: www.avia.org LinkedIn: www.linkedin.com/company/asiavideoia Twitter: @AsiaVideoIA
SPAT’s Interactive Image Technology Offers New Ways to Monetize Content; Sterling Select Joins SPAT Management Team as Operating Partner
NEW YORK – May 24, 2023 – PRLog — SPAT Media, Inc., a technology company that is disrupting the digital content landscape by converting images into interactive, commerce-enabled assets (“SPAT”), has announced a partnership with Sterling Select Group LLC, a venture development accelerator associated with Sterling Equities. SPAT’s patent pending technology process enables the viewer to access context, content and commerce directly within an image on the page it resides. This interactivity allows creators, content marketers and publishers to drive deeper engagement with their audiences and monetize content in new ways.
“SPAT’s technology has the capability to revolutionize the way humans engage with imagery, whether via traditional Web 2.0 screens or via Web3 environments, or even with holograms. No longer will a ‘reader’ simply view the image and have to peruse the copy to obtain context or leave the site to access content or commerce,” says Christopher J. Steele, Managing Partner of Sterling Select.
“Interactivity enables a deep, direct engagement with the viewer, and behind the technology is an adtech / martech ledger allowing for transparent and frictionless sharing of real revenues driven from the image. This could literally disrupt the traditional model, even making banner ads obsolete,” said J. Christopher Golden, partner at Sterling Select.
“Sterling Select and their unique program bring tremendous value to SPAT by supporting our executive team as we prepare to scale our game-changing technology,” said Matt Hill, co-founder and CEO of SPAT. “Select’s skills, experience and reach go far above and beyond typical venture firms. They are ‘force multipliers’ who execute on novel plans and strategies while helping entrepreneurs with the blocking and tackling of everyday management.”
SPAT co-founder Ed Brooks added: “SPAT is taking a proven form of social engagement and making it accessible to any creator on any platform, free of the restrictions of walled gardens. We are excited to partner with Sterling Select to help us expand our opportunity while bringing on key development partners at this stage.”
ABOUT STERLING SELECT GROUP LLC Sterling Select Group LLC is a venture development firm associated with Sterling Equities. With deep inroads in real estate, sports, media, entertainment, technology, financial services, supply chain management and security, the breadth of our collective expertise allows us to be responsive to opportunities across the board. Our unique venture development program seeks to unlock the value that comes from combining the strengths of established companies and family offices with that of the entrepreneurial ecosystem. As operators, we design and execute creative strategies that result in faster and more productive collaboration for constituents without the reputational or economic exposure typical of traditional venture platforms.
ABOUT SPAT MEDIA, INC. SPAT has developed a patent-pending technology process that converts images into interactive, commerce-enabled experiences that reside in any digital environment. We provide solutions to help creators, content marketers and editorial outlets drive direct engagement and monetize content in new ways. SPAT delivers context, content and a path to purchase within an image on the page where it resides. Utilizing object segmentation, we capture valuable consumer insights helping customers optimize their content strategy. SPAT’s transparent royalty ledger aggregates impression-based and affiliate revenue that is distributed to designated stakeholders in real-time, providing economic empowerment across the creator ecosystem. https://www.spat.media
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