Provides tailored digital marketing services to corporate clients, and live entertainment such as artist management and concerts for corporate clients, advertisers, and audiences.
20-F for FY2025, filed Nov 17, 2025For live entertainment services, the operating entities deliver high-quality and immersive cultural experiences to clients and end-users…View ↗
For digital entertainment services, the operating entities offer customized digital marketing solutions services to clients by leveraging…View ↗
The PRC operating entities provide Live Entertainment service that deliver high-quality and immersive cultural experiences to clients and…View ↗
The PRC operating entities also provide Digital Entertainment services, such as offering customized digital marketing solutions services to…View ↗
Corporate clients pay for tailored digital marketing and media placement; income is earned over the contract as placements run, with payment typically due within 90 days after completion is confirmed. Live-event revenue comes from sponsorship packages, ticket sales, and event-service fees; other services include digital collectibles, software services, and rent.
20-F for FY2025, filed Nov 17, 2025Event hosting: The Company regularly hosts live concerts and Chinese Pop Culture events, and operates Chinese Pop Culture related online…View ↗
Event planning and execution: The Company provides customized event planning and execution services upon requests from its customers…View ↗
The Company accounts for a contract of live entertainment, digital entertainment when it has legally enforceable rights and obligations and…View ↗
For digital entertainment, revenue is recognized over time during the contract period under input method according to the actual placement.…View ↗
Other services –View ↗
20-F for FY2025, filed Nov 17, 2025
FY2025 revenue by product or service (REVENUE, NET) ↗$107.6M
20-F for FY2025, filed Nov 17, 2025
$107.6M ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Live entertainment
Sold outright
20-F for FY2025, filed Nov 17, 2025 |
9.3% |
Live entertainment, FY2025
$10M Sources
|
Sold outright |
|
Digital entertainment
Recurring
20-F for FY2025, filed Nov 17, 2025 |
89% |
Digital entertainment, FY2025
$95.3M Sources
|
Recurring |
|
Other revenue
|
2.2% |
Other revenue, FY2025
$2.3M Sources
|
Corporate clients, mainly in consumer goods, advertising and marketing, and media, hire the group for events and digital marketing. Advertisers sponsor events, while collectors and dance-training institutions buy digital collections and software services.
20-F for FY2025, filed Nov 17, 2025The PRC operating entities’ brand name and reputation have enabled them to develop and retain a strong and loyal corporate client base for…View ↗
The PRC operating entities provide Live Entertainment service that deliver high-quality and immersive cultural experiences to clients and…View ↗
The PRC operating entities also provide Digital Entertainment services, such as offering customized digital marketing solutions services to…View ↗
Other services –View ↗
20-F for FY2025, filed Nov 17, 2025
The Company’s sales are made to customers that are located primarily in China. The Company has a concentration of its revenue and accounts…View ↗
Not on paper. It lost $6.9M in FY2025, but brought in more cash than it spent: $180.3K of free cash flow.
20-F for FY2025, filed Nov 17, 2025
−$6.4MView ↗
20-F for FY2025, filed Nov 17, 2025
−$6.9MView ↗
20-F for FY2025, filed Nov 17, 2025
$180.3KView ↗
Growing. Revenue grew 4.2x in 4 years, from $25.5M in FY2021 to $107.6M in FY2025, about 43% a year.
Broader pop-culture focus
The older report framed the business around hip-hop culture and events; the latest describes a wider Chinese Pop offering and an integrated live and digital entertainment group.
20-F for FY2022, filed Oct 28, 2022 20-F for FY2025, filed Nov 17, 2025With the rapid rise of Chineses Pop in recent years, our business has expanded beyond a focus on Chinese Hip-Hop to encompass the broader…View ↗
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