AMTD's Movie “The Last Dance” Hong Kong and Macau Box Office Exceeded HK$65M and Broke Multiple Records

Rhea-AI Summary

AMTD Group's movie "The Last Dance" has achieved remarkable success in Hong Kong and Macau, breaking 9 major Hong Kong movie records and generating over HK$65 million in box office revenue within eleven days of release. The film set multiple records including highest box office and attendance records for opening day among Hong Kong films, most screenings on opening day, and highest single-day box office and attendance records for both Chinese and Western films in 2024. The movie was produced by World Media and Entertainment Group (WME), AMTD's multi-media platform, with Dr. Calvin Choi serving as a Producer.

Positive

• Record-breaking box office revenue of HK$65 million in first eleven days
• Broke 9 major Hong Kong movie records
• Demonstrated successful expansion into entertainment sector

Negative

• None.

Insights

Entertainment Industry Analyst

The box office success of "The Last Dance" in Hong Kong and Macau, generating HK$65 million in just eleven days, represents a meaningful revenue stream for AMTD's entertainment division. The film's record-breaking performance across nine categories demonstrates strong market penetration and audience engagement in the local market. However, investors should note that this is a relatively small market and the film's success in these regions may not necessarily translate to broader international appeal or significant impact on AMTD Digital's overall financial performance given its diverse business portfolio.

While the entertainment sector expansion shows promise for diversification, the revenue contribution from this single film is likely to have minimal impact on HKD's valuation, considering its market cap of $528 million. The movie's success should be viewed as a proof of concept for AMTD's entertainment strategy rather than a major financial catalyst.

PARIS & NEW YORK & SINGAPORE--(BUSINESS WIRE)-- AMTD Group Inc., AMTD IDEA Group (NYSE: AMTD; SGX: HKB), AMTD Digital Inc. (NYSE: HKD) (“AMTD Digital”), and World Media and Entertainment Group (“WME”), the multi-media, entertainment and cultures platform of AMTD Group, are proud to announce that, "The Last Dance", the new movie produced by WME, enjoys enormous widespread acclaim following its release in Hong Kong SAR and Macau SAR. Not only has it shattered 9 major Hong Kong movie records, but its Hong Kong and Macau box office has also exceeded 65 million HKD within eleven days after the public release.

(Graphic: Business Wire)

New records include:

1. Highest box office record on opening day for a Hong Kong film;

2. Highest accumulated box office record on opening day for a Hong Kong film;

3. Highest attendance record on opening day for a Hong Kong film;

4. Most screenings on opening day for a Hong Kong film;

5. Highest attendance record in a single day for a Hong Kong film;

6. Highest box office record on opening day for Chinese and Western films in 2024;

7. Highest attendance record on opening day for Chinese and Western films in 2024;

8. Highest single-day box office record for Chinese and Western films in 2024;

9. Highest single-day attendance record for Chinese and Western films in 2024.

AMTD serves as a Production Company of the Movie, while Dr. Calvin Choi, founder of AMTD IDEA Group and AMTD Digital serves as a Producer.

About AMTD Group

AMTD Group is a conglomerate with core business portfolio to span across media and entertainment, education and training, and premium assets and hospitality areas.

About AMTD IDEA Group

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients’ diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active superconnector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as “Twitter") at @AMTDGroup.

About AMTD Digital Inc.

AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in France. Its one-stop digital solutions platform operates four main business lines including digital solutions services, digital media, content and marketing services, digital investments as well as hospitality and VIP services. For AMTD Digital’s announcements, please visit https://ir.amtdigital.net/investor-news.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward- looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group and AMTD Digital Inc., are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group and AMTD Digital Inc. with the SEC. All information provided in this press release is as of the date of this press release, and AMTD IDEA Group and AMTD Digital Inc. do not undertake any obligation to update any forward-looking statement, except as required under applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241119477840/en/

IR Contact



For AMTD IDEA Group:

IR Office

AMTD IDEA Group

EMAIL: ir@amtdinc.com



For AMTD Digital Inc.:

IR Office

AMTD Digital Inc.

EMAIL: ir@amtdigital.net

Source: AMTD Digital Inc.

FAQ

How much box office revenue did AMTD's 'The Last Dance' (HKD) generate in Hong Kong and Macau?

The Last Dance generated over HK$65 million in box office revenue within eleven days of its release in Hong Kong and Macau.

How many movie records did AMTD's 'The Last Dance' (HKD) break in Hong Kong?

The Last Dance broke 9 major Hong Kong movie records, including highest box office and attendance records for opening day.

What is AMTD Digital's (HKD) role in 'The Last Dance' movie?

AMTD served as a Production Company for The Last Dance, with AMTD Digital's founder Dr. Calvin Choi serving as a Producer.