AMTD's Movie “The Last Dance” Marks New History for HK Movie Industry

Rhea-AI Summary

AMTD Digital's movie 'The Last Dance' has achieved significant success in Hong Kong's film industry, reaching HK$100 million in box office revenue and becoming one of the top 3 highest-grossing local films in Hong Kong history. The film has broken 9 major Hong Kong movie records and received widespread acclaim internationally, particularly in Malaysia, the UK, and Singapore. AMTD Group, through its World Media and Entertainment Group (WME) platform, produced the film, with Dr. Calvin Choi serving as a Producer. The movie is scheduled for release in additional countries later this year.

Positive

• Movie 'The Last Dance' achieved HK$100 million in box office revenue
• Secured position as Top 3 highest-grossing local film in Hong Kong history
• Broke 9 major Hong Kong movie records
• Successfully expanded to international markets including Malaysia, UK, and Singapore

Negative

• None.

Insights

Media Industry Analyst

The box office success of "The Last Dance" reaching HK$100 million and becoming one of Hong Kong's top 3 highest-grossing local films marks a significant achievement, but its direct financial impact on AMTD Digital (HKD) appears relative to the company's overall operations. While demonstrating AMTD's capability in content production, entertainment represents just one segment of their diversified business model.

The international expansion to markets like Malaysia, UK and Singapore shows promising market reach, but revenue contribution to HKD's bottom line likely remains modest given the company's primary focus on digital solutions and financial services. The movie's success may help build brand recognition and support future media ventures, though this alone isn't expected to significantly move the needle on the company's financial performance.

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, after shattering 9 major Hong Kong movie records, "The Last Dance", the new movie produced by WME, has grossed HK$100 million in box office, and becoming the Top 3 highest-grossing local film ever in the Hong Kong film history.

(Graphic: Business Wire)

Outside Hong Kong, the film also enjoys enormous widespread acclaim and has scored well in particular in Malaysia, the UK and Singapore. The film is scheduled to be released in more countries later this year.

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/20241128976751/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 Digital's (HKD) movie 'The Last Dance' generate in Hong Kong?

The movie generated HK$100 million in box office revenue in Hong Kong.

What records did AMTD Digital's (HKD) 'The Last Dance' break in Hong Kong?

The movie broke 9 major Hong Kong movie records and became one of the top 3 highest-grossing local films in Hong Kong history.

In which international markets has AMTD Digital's (HKD) 'The Last Dance' been successful?

The film has been particularly successful in Malaysia, the UK, and Singapore, with plans for release in more countries later this year.