Connect with us

Media OutReach

Spackman Entertainment Group Returns To Profitability, Posting US$3.52 Million In Total Comprehensive Income For FY2024

Published

on

  • The Group recorded US$3.52 million in total comprehensive income for FY2024 as compared to a total comprehensive loss of US$8.47 million for FY2023
  • The turnaround was mainly due to an increase of US$6.53 million in other income and gains, primarily driven by a US$5.96 million reversal of an impairment loss on the share of results of the Group’s 43.88%-owned associated company, Spackman Media Group Limited
  • The reversal is attributable to the successful listing of Crystal Planet Limited, one of Spackman Media Group Limited’s subsidiaries, through a reverse takeover transaction on the TSX Venture Exchange

SINGAPORE – Media OutReach Newswire – 28 February 2025 – Spackman Entertainment Group Limited (the “Group“), one of Korea’s leading entertainment production groups founded in 2011 by global media & technology investor Charles Spackman, wishes to announce that the Group returned to profitability, recording US$3.52 million in total comprehensive income for the financial year ended 31 December 2024 (“FY2024“) as compared to a total comprehensive loss of US$8.47 million for the financial year ended 31 December 2023 (“FY2023“).

The turnaround was mainly due to an increase of US$6.53 million in other income and gains year-on-year to US$6.56 million for FY2024, which was primarily driven by the reversal of an impairment loss on the share of results of the Group’s 43.88%-owned associated company, Spackman Media Group Limited (“SMGL“), by US$5.96 million. This was in relation to the successful listing of Crystal Planet Limited, one of Spackman Media Group Limited’s subsidiaries, through a reverse takeover transaction on the TSX Venture Exchange, as announced by the Group on December 6, 2024.

The Group’s wholly-owned indirect subsidiary Studio Take Co., Ltd. (“Studio Take“) released the Korean adaptation of the Taiwanese hit YOU ARE THE APPLE OF MY EYE on 21 February 2025 in Korean theatres. The romance film remake originally premiered at the 29th Busan International Film Festival in October 2024. Studio Take plans to release an upcoming film project titled THE GUEST, which is currently in post-production and tentatively scheduled for release in late 2025 or early 2026. The film is based on the short film with the same title directed by Yeon Je-gwang, which was invited to the 2016 Cannes Film Festival.

To sustain the Group’s business operations amidst the current slowdown in the Korean movie industry, the Group plans to continue to streamline its existing operations, and explore new business initiatives as well as strategic alternatives.

Hashtag: #SpackmanEntertainmentGroup

The issuer is solely responsible for the content of this announcement.

About Spackman Entertainment Group Limited

Spackman Entertainment Group Limited (“SEGL” or the “Company“), and together with its subsidiaries, (the “Group“), is one of Korea’s leading entertainment production groups. SEGL is primarily engaged in the independent development, production, presentation, and financing of theatrical motion pictures in Korea.

The Company was founded in 2011 by renowned media and technology investor Charles Spackman who served as the Company’s Executive Chairman until 2017. For the past two decades, Mr. Charles Spackman has been a powerhouse in the Korean entertainment industry starting in the early 2000’s with the pioneering success of Sidus Pictures, the largest movie production company at the time and the first to be listed in Korea. Mr. Spackman is also the Founder, Chairman and Chief Executive Officer of the global investment firm, Spackman Group. For more information, please visit charlesspackman.com and spackman-group.com/charles-spackman.

Since its founding, SEGL had produced more than 30 major motion pictures including a number of the highest grossing and award-winning films in Korea, namely #ALIVE (2020), CRAZY ROMANCE (2019), DEFAULT (2018), MASTER (2016), THE PRIESTS (2015), SNOWPIERCER (2013), COLD EYES (2013) and ALL ABOUT MY WIFE (2012).

Our films are theatrically distributed and released in Korea and overseas markets, as well as for subsequent post-theatrical worldwide release in other forms of media, including online streaming, cable TV, broadcast TV, IPTV, video-on-demand, and home video/DVD, etc. Generally, we release our motion pictures into wide-theatrical exhibition initially in Korea, and then in overseas and ancillary markets.

The Group also invests into and produces Korean television dramas. In addition to our content business, we also own equity stakes in entertainment-related companies and film funds that can financially and strategically complement our existing core operations. SEGL is listed on the Catalist of the Singapore Exchange Securities Trading Limited under the ticker 40E.

Production Labels

SEGL owns a 100% equity interest in Studio Take Co., Ltd. (“Studio Take“) which produced STONE SKIPPING (2020) and THE BOX (2021). One of its films, A MAN OF REASON (2023), premiered in the US at the 42nd Hawaii International Film Festival. The film was also invited to the 47th Toronto International Film Festival, the largest film festival in North America, and the 55th Sitges Film Festival, one of the world’s top three genre film festivals. Produced by Studio Take, the Korean adaptation of the Taiwanese hit YOU ARE THE APPLE OF MY EYE premiered at the Korean theatres on 21 February 2025. The romance film remake originally premiered at the 29th Busan International Film Festival in October 2024. Studio Take shall also release an upcoming film, THE GUEST, which is at the post-production stage and scheduled to be released in the second half of 2025 or in 2026.

The Company owns a 20% equity interest in The Makers Studio Co. Ltd., which plans to produce and release four upcoming films, the first of which will be THE ISLAND OF THE GHOST’S WAIL, a comedy horror film.

Talent Representation

The Company holds an effective shareholding interest of 43.88% in Spackman Media Group Limited (“SMGL“). SMGL, a company incorporated in Hong Kong, together with its subsidiaries, is collectively one of the largest entertainment talent agencies in Korea in terms of the number of artists under management, including some of the top names in the Korean entertainment industry. SMGL operates its talent management business through renowned agencies such as MSteam Entertainment Co., Ltd., SBD Entertainment Inc., UAA&CO Inc. and Play Content Co., Ltd. Through these full-service talent agencies in Korea, SMGL represents and guides the professional careers of a leading roster of award-winning actors/actresses in the practice areas of motion pictures, television, commercial endorsements, and branded entertainment. SMGL leverages its unparalleled portfolio of artists as a platform to develop, produce, finance and own the highest quality of entertainment content projects, including theatrical motion pictures, variety shows and TV dramas. This platform also creates and derives opportunities for SMGL to make strategic investments in development stage businesses that can collaborate with SMGL artists. SMGL is an associated company of the Company. For more information, please visit spackmanmediagroup.com.

For more details, please visit spackmanentertainmentgroup.com.

Advertisement

Media OutReach

China-Singapore Youth Dialogue wraps up with focus on AI, innovation

Published

on

SINGAPORE – Media OutReach Newswire – 29 March 2026 – The China-Singapore Youth Dialogue concluded in Singapore on March 25, bringing together young participants to exchange ideas on technology, culture and sustainability under the theme “Building Tomorrow: Youth Voices United.”

A total of 12 youth panelists from China and Singapore participate in three panel discussions at Asian Civilisations Museum in Singapore on March 25.(Photo: People’s Daily)

Co-organized by the People’s Daily and Lianhe Zaobao, the two-day event featured 12 young representatives who explored how their generation is shaping the future through innovation, cultural renewal and cross-border collaboration.

In the first panel, “Youth Driving Tech Innovation,” participants working in robotics, flying cars and data verification discussed both the opportunities and challenges of the AI era.

Tan Wei Hua, head of design at Singapore-based LionsBot International, addressed concerns over “AI anxiety” and its impact on jobs. “New jobs are going to be created. The next generation will be doing something entirely different,” he said, pointing to robotics as a growing field of opportunity.

Quah Zheng Wei, CEO and co-founder of Accredify, encouraged aspiring entrepreneurs to take the first step. With the tech industry evolving rapidly, he stressed that “nothing is holding you back.”

From an industry perspective, Michael Du, CFO and vice president of ARIDGE, said emerging technologies are expanding possibilities in everyday life. Meanwhile, Xu Huazhe, assistant professor at the Institute for Interdisciplinary Information Sciences at Tsinghua University, highlighted the strengths of younger generations: “With the correct taste, they will build the most meaningful things.”

The second panel, “Contemporary Renewal of Traditional Culture,” shifted focus from innovation to heritage. Artists and cultural practitioners in wood sculpture, paper art, jewelry design and journalism explored how tradition can be revitalized in modern contexts.

image-1.jpeg

Wood sculpture artist Deng Kun emphasized the importance of cultivating an eye for beauty, while Lianhe Zaobao arts and culture journalist Zhang Heyang described traditional culture as “a place of spiritual haven for today’s youth.”

Designer Longhong Ziwei, founder and art director of the accessory brand Soft Mountains, said engaging with Yi heritage has inspired her work and resonated with international audiences.

Singaporean paper and mixed media artist Koh Pei Li, drawing inspiration from everyday urban life, highlighted the value of noticing overlooked details. Through her work, she hopes to reconnect people with the subtle beauty around them.

In the final panel, “Jointly Building a Sustainable Future,” speakers from architecture, fashion, and marine conservation offered interdisciplinary perspectives on sustainability.

Chen Kan, principal architect of TAB Architecture and Design, spoke about the philosophy of “being-with” as a guiding principle. “We need a deeper capacity to coexist with others,” he said.

Goy Zhenru, principal architect of Goy Architects in Singapore, emphasized designing in harmony with nature. She highlighted the importance of connecting living spaces with natural elements such as breeze and sunlight to create comfort and environmental awareness.

Sam Shu Qin, co-founder of Our Singapore Reefs and Our Blue Spaces, who describes herself as “a gardener underwater,” expressed hope that younger generations will recognize their ability to give back to the ocean.

For fashion designer Chen Peng, founder of brand CHENPENG, sustainability is both cultural and practical. “It should be culture-based and do no harm to the earth. It’s not a choice, but a natural extension of philosophy,” he said.

The dialogue marked a step forward in media cooperation and people-to-people exchanges between China and Singapore. By amplifying youth perspectives, it showcased the innovative energy and collaborative potential of both countries, while helping to build a long-term platform for bilateral engagement and shared progress.

The issuer is solely responsible for the content of this announcement.

Continue Reading

Media OutReach

China-Singapore Youth Dialogue wraps up with focus on AI, innovation

Published

on

SINGAPORE – Media OutReach Newswire – 29 March 2026 – The China-Singapore Youth Dialogue concluded in Singapore on March 25, bringing together young participants to exchange ideas on technology, culture and sustainability under the theme “Building Tomorrow: Youth Voices United.”

A total of 12 youth panelists from China and Singapore participate in three panel discussions at Asian Civilisations Museum in Singapore on March 25.(Photo: People’s Daily)

Co-organized by the People’s Daily and Lianhe Zaobao, the two-day event featured 12 young representatives who explored how their generation is shaping the future through innovation, cultural renewal and cross-border collaboration.

In the first panel, “Youth Driving Tech Innovation,” participants working in robotics, flying cars and data verification discussed both the opportunities and challenges of the AI era.

Tan Wei Hua, head of design at Singapore-based LionsBot International, addressed concerns over “AI anxiety” and its impact on jobs. “New jobs are going to be created. The next generation will be doing something entirely different,” he said, pointing to robotics as a growing field of opportunity.

Quah Zheng Wei, CEO and co-founder of Accredify, encouraged aspiring entrepreneurs to take the first step. With the tech industry evolving rapidly, he stressed that “nothing is holding you back.”

From an industry perspective, Michael Du, CFO and vice president of ARIDGE, said emerging technologies are expanding possibilities in everyday life. Meanwhile, Xu Huazhe, assistant professor at the Institute for Interdisciplinary Information Sciences at Tsinghua University, highlighted the strengths of younger generations: “With the correct taste, they will build the most meaningful things.”

The second panel, “Contemporary Renewal of Traditional Culture,” shifted focus from innovation to heritage. Artists and cultural practitioners in wood sculpture, paper art, jewelry design and journalism explored how tradition can be revitalized in modern contexts.

image-1.jpeg

Wood sculpture artist Deng Kun emphasized the importance of cultivating an eye for beauty, while Lianhe Zaobao arts and culture journalist Zhang Heyang described traditional culture as “a place of spiritual haven for today’s youth.”

Designer Longhong Ziwei, founder and art director of the accessory brand Soft Mountains, said engaging with Yi heritage has inspired her work and resonated with international audiences.

Singaporean paper and mixed media artist Koh Pei Li, drawing inspiration from everyday urban life, highlighted the value of noticing overlooked details. Through her work, she hopes to reconnect people with the subtle beauty around them.

In the final panel, “Jointly Building a Sustainable Future,” speakers from architecture, fashion, and marine conservation offered interdisciplinary perspectives on sustainability.

Chen Kan, principal architect of TAB Architecture and Design, spoke about the philosophy of “being-with” as a guiding principle. “We need a deeper capacity to coexist with others,” he said.

Goy Zhenru, principal architect of Goy Architects in Singapore, emphasized designing in harmony with nature. She highlighted the importance of connecting living spaces with natural elements such as breeze and sunlight to create comfort and environmental awareness.

Sam Shu Qin, co-founder of Our Singapore Reefs and Our Blue Spaces, who describes herself as “a gardener underwater,” expressed hope that younger generations will recognize their ability to give back to the ocean.

For fashion designer Chen Peng, founder of brand CHENPENG, sustainability is both cultural and practical. “It should be culture-based and do no harm to the earth. It’s not a choice, but a natural extension of philosophy,” he said.

The dialogue marked a step forward in media cooperation and people-to-people exchanges between China and Singapore. By amplifying youth perspectives, it showcased the innovative energy and collaborative potential of both countries, while helping to build a long-term platform for bilateral engagement and shared progress.

The issuer is solely responsible for the content of this announcement.

Continue Reading

Media OutReach

Citri Mobile Expands Singapore Repair Network as Jurong and Yishun Demand Grow

Published

on

Expansion strengthens access to fast, reliable device repair services across Jurong, Yishun, Tampines and Chinatown as demand for urgent technical support rises

SINGAPORE – Media OutReach Newswire – 29 March 2026 – Citri Mobile has expanded its Singapore repair network with stronger support in Jurong and Yishun, responding to rising demand for faster and more accessible device repair as device failures become increasingly disruptive to daily life.

A Citri Mobile technician performing internal diagnostics at a fully equipped repair station in Singapore.

What often begins as a minor inconvenience can quickly escalate. A phone may take longer to charge, a screen may flicker briefly before stabilising, or a laptop may run hotter than usual during routine use. These early signs are often ignored until the device stops functioning at a critical moment.

In recent months, technicians have observed a noticeable increase in cases involving sudden power loss, charging instability, motherboard-related faults and water damage. These issues often appear gradually before escalating into complete device failure, reflecting a broader shift in how modern devices behave under long-term usage.
Across Singapore, users are increasingly facing device failures at moments where immediate access is essential. A phone may stop responding during a payment, a transport app may fail to load before a journey, or a laptop may refuse to power on just before an important task. In such situations, the priority shifts quickly from convenience to restoring access in order to regain control of payments, communication and daily responsibilities.
Against this backdrop, Citri Mobile and its C3 Smart Repair by Citri Mobile outlets are strengthening support for customers dealing with urgent issues across smartphones, foldable devices, tablets, MacBooks and laptops.
In Jurong, these situations are often experienced during working hours and daily commutes. A phone that powers off unexpectedly mid-transaction or loses signal during navigation can create immediate disruption. In these moments, users searching for phone repair in Jurong often prioritise providers that are nearby, responsive and able to diagnose issues clearly without unnecessary delay.
In Yishun, the pattern frequently unfolds in residential settings. Devices that appear functional the night before may fail completely the next morning. A phone may not power on, a screen may remain black despite vibration, or a device may show signs of internal failure after minor exposure to moisture or accidental spills. When access to essential services is affected, the need for immediate local support becomes more urgent.
Water damage continues to be one of the more unpredictable causes of device failure. Even small amounts of moisture can lead to corrosion within internal components, affecting charging circuits, display connections or motherboard stability. In some cases, devices may continue to function temporarily before deteriorating rapidly over time.
At the same time, laptop and MacBook issues remain a significant concern, particularly for users who rely on their devices for work, study and communication. A MacBook that fails to power on, shuts down under load or shows inconsistent charging behaviour often indicates deeper issues such as logic board faults, battery degradation or power management instability.
For iPhone-related repairs, some users also look for providers that participate in Apple’s Independent Repair Provider programme, where applicable. Those seeking specialised support may explore iPhone repair in Singapore when reliability, diagnostics and parts compatibility are key considerations.
These issues are no longer isolated to one category of device. Similar underlying problems — including power IC faults, charging circuit instability and motherboard-level failures — can affect both smartphones and laptops. In many cases, users turn to providers offering broader device repair services in Singapore to address multiple concerns within a single visit.
In more complex cases, symptoms may appear inconsistent at first. A device may turn on intermittently, charge irregularly, or shut down without warning before failing entirely. These patterns often require careful diagnosis rather than immediate part replacement, particularly when internal board-level issues are involved.
Across Singapore, from Jurong and Yishun to Tampines and Chinatown, users increasingly choose repair providers that are close by, familiar and capable of handling both straightforward and complex faults with dependable turnaround. Customers in the northern region may also rely on nearby options such as mobile repair in Yishun for quicker access.
Citri Mobile said its recent expansion reflects a broader shift in customer expectations, where speed, clarity and reliability play a more significant role in decision-making.
“People usually start searching seriously when the problem stops them from doing something important,” a Citri Mobile spokesperson said. “Once payments, work access or communication are affected, the decision becomes immediate. They want a nearby solution they can trust.”
Citri Mobile operates across multiple Singapore locations under both Citri Mobile and C3 Smart Repair by Citri Mobile, supporting a wide range of repair needs from screen and battery replacements to charging issues, water damage recovery and motherboard-level repairs.
The company’s recent milestones include recognition as a Carousell Preferred Partner, receipt of the Carousell Best Service Award 2025, CaseTrust accreditation, and participation in Apple’s Independent Repair Provider programme for iPhone-related repair support.
With stronger coverage in Jurong and Yishun, alongside continued support in Chinatown and Tampines, Citri Mobile aims to improve access to timely and reliable device repair services for customers across the wider Singapore market.

Hashtag: #CitriMobile #SingaporeRepair #Jurong #Yishun





The issuer is solely responsible for the content of this announcement.

C3 Smart Repair By Citri Mobile

Citri Mobile is a Singapore-based device repair provider serving customers across multiple locations, including Jurong, Yishun, Chinatown and Tampines. The company operates outlets under both Citri Mobile and C3 Smart Repair by Citri Mobile, supporting smartphones, foldable devices, tablets, MacBooks and laptops.
Its services cover a wide range of issues, including screen and battery replacements, charging faults, water damage recovery and motherboard-related repairs, with a focus on accurate diagnostics and reliable turnaround.
Citri Mobile is a Carousell Preferred Partner, recipient of the Carousell Best Service Award 2025, CaseTrust-accredited, and part of Apple’s Independent Repair Provider programme for iPhone repairs.

Continue Reading

Trending