Back 15 Apr 2025

Spackman Entertainment Group Returns to Profitability in FY2024 Amidst Korean Film Industry Challenges

Link: https://links.sgx.com/1.0.0/corporate-announcements/S8H3J6WXR7M71OAI/ec3cf670cc7f2af79852d8452fe5055b2b5c4968284f447217283b4b4a55b0e3

Summary: Spackman Entertainment Group's 2024 annual report highlights the company's return to profitability with a total comprehensive income of US$0.14 million, despite challenges in the Korean film sector such as decreased consumer demand and increased production costs. The report discusses the activities of its film production labels, including Studio Take, and its talent management business under Spackman Media Group Limited. The company is also exploring new business ventures and strategic options to ensure future sustainability and to leverage opportunities in the North American market and on OTT platforms.