-
Dollars and sense of mm2 Asia's moves
-
Last year
FEBRUARY
Ah Boys To Men 3: Frogmen is released in Singapore and earns $7.6 million at the local box office. It is behind only Ah Boys To Men 2 (2013) on the all-time chart. In Malaysia, it was the highest- grossing Ah Boys instalment with takings of RM4.2 million (S$1.34 million). Verdict: Success
APRIL
Mm2 Asia acquires a 51 per cent stake in Vividthree, an award- winning player in Singapore's 3D animation field.
Verdict: Could be a good move as it gives the company a technological edge in producing content which excites audiences.
NOV 3 The winners are announced for the inaugural Movie Makers Short Film Competition, which is co-organised by mm2 Entertainment.
Verdict: Yet to bear fruit. An early example of mm2 seeking to uncover fresh talent.
DEC 18
Enters into an agreement to acquire a 70 per cent stake in Millinillion, a tech start-up that would enable mm2 to offer a media streaming platform for users to watch short films and movie content on devices from mobile phones to smart TVs. This would provide it with another avenue to deliver content and, hence, another possible stream of revenue.
Verdict: Yet to bear fruit. This is another move for the long term.
This year
MARCH
Signs a memorandum of understanding with local telco StarHub to collaborate on $25 million worth of local productions over three years, renewable for another two years for an additional $25 million.
Verdict: Success
APRIL 28
Mm2 and Institute of Technical Education to cooperate on nine feature films to train students in movie production as they undertake positions such as second camera assistants and junior lighting technicians.
Verdict: Shrewd move to train future talent behind the camera.
MAY 12
Partnership announced with the then Media Development Authority to develop Chinese- language scriptwriting talent for the Singapore film industry in a three-year, $8-million programme. It includes a six-month-long Scriptwriter's Lab to develop feature film scripts.
Verdict: Success, for the deal spreads the cost of developing talent.
MAY 13
Announcement of 20/20 - The Temasek Short Film Project, commissioned by Singapore investment company Temasek and facilitated by mm2. Lasalle College of the Arts film student Leroy Lim has been selected by mm2 Entertainment and given the chance to make his first feature.
Verdict: Success, if only on paper at the moment. Mm2 wins points for championing new talent, but Lim still has to prove himself.
MAY 16
Announcement that mm2 Asia and Clover Films have acquired shared distribution rights for 19 movies in Singapore and Malaysia for financial year 2017, more than double the nine titles distributed in FY2016.
Verdict: Can tell only when the numbers are in whether the cost of acquiring more titles results in higher revenue and more profits.
MAY 17
Announcement of co-production with United States-based BoulderLight Pictures, a contemporary thriller called Good Match, in which a bachelor finds a seemingly perfect match on a social dating app whose behaviour starts to become erratic.
Verdict: An interesting move. This hints that mm2's ambitions go beyond the region, though heading farther abroad would have to be done at a pace that does not overstretch the company.
MAY 26
Story rights for original story My Love, Farewell licensed to China-based production company Shanghai Man Man Er Culture and Broadcast for a 70-million-yuan (S$14.4-million) budgeted, 35- episode television series of the same name.
Verdict: Good move. Even as it takes up opportunities farther afield, mm2 is making inroads into the potentially lucrative China market.
JUNE 26
Names the first winner of Hear Me Sing, which mm2 bills as Singapore's first online singing competition. Jean Goh, 25, gets $5,000 cash, a voice-training course in Taiwan, as well as an acting role in a movie produced by mm2.
Verdict: Goh's appeal is still untested. Another effort at uncovering talent and also to build support for fresh faces.
JULY
Unveils plans to set up a joint- venture entertainment outfit with singer-songwriter Dick Lee, with the loosely biographical Wonder Boy slated as the first release under the pact.
Verdict: Good move. Lee, a multihyphenate artist, has produced a huge amount of work.
AUGUST
Completes acquisition of 51 per cent of event and concert producer Unusual.
Verdict: Shrewd move as it further diversifies mm2's range of content and adds more income streams.
OCT 7
Press conference on mm2 collaborating with digital content producers such as child humorist Dr Jia Jia and actor Ridhwan Azman.
Verdict: Undecided. This is another example of mm2 expanding its capability to come up with original content, though it remains to be seen if this will pay off.
OCT 17
Enters into non-binding agreement to acquire up to a 30 per cent stake in RINGS.TV, an interactive broadcasting technology platform to stream and broadcast live concerts, conferences and other events.
Verdict: Promising. Virtual reality live streaming explores new technology that is becoming the potential next big thing for audiences.
OCT 20
Secures exclusive licensed rights to produce the Singapore/Malaysia edition of popular singing competition The Voice, which is scheduled to air next year.
Verdict: Iffy. Has mm2 hopped onto the bandwagon a little late, given that the format is into its 11th season in the US and has also had four seasons on the mainland as The Voice Of China?