Can Jay Chou Save GHY Culture and Media in FY2023?
If you are an investor interested in the media industry, you should consider GHY Culture and Media (SGX: XJB), which produces numerous dramas and films in countries like China, Singapore, and Malaysia. GHY's content is also featured on major video streaming platforms and TV networks in China. Additionally, the group has organized concerts for international artists in Singapore, Malaysia, and Australia. GHY's business comprises three main segments: TV Program and Film Production Costumes, Props, and Make-up Services and Talent Management Services Concert Production The most profitable and revenue-generating segment in 2022 was concert production. The company co-produced concerts for Power Station and Guns N' Roses in Singapore, and organized Jay Chou's Carnival World Tour (Singapore) concerts at the Singapore National Stadium on December 17 and 18, 2022. Jay's Concert Poster. Source: GHY Website These events alone brought in S$20 million in revenue and over S$8 mill...