While I'm watching the darts I'll use this post for some Yunbo/Phoenix information.......
23 October 2007-Acquisition of Phoenix and to-date deals/partnerships within China and Malaysia including Super Soccer Star,Interactive TV Agreements and GON's 'Play Along Game Shows' (PAGS).
20 February 2008-Acquisition of Yunbo:
"The Acquisition is complementary to Galleon's strategy to become a leading
provider of multiplatform entertainment, based around interactive TV in China.
In October 2007 Galleon acquired Phoenix Investment Global ('Phoenix'), a
provider of interactive entertainment services to broadcasters in China. Yunbo
provides the mobile billing infrastructure for the product offering that Phoenix
delivers to its existing broadcast partners. The Acquisition will allow Phoenix
to retain the revenues derived from the collection of the SMS and mobile phone
revenues generated by Phoenix's existing activities."
20 February 2008-Acquisition of Wireless Interactive Platform Service Provider in China
2 April 2008-AGM Statement:
"We are delighted to inform the market that the positive trends outlined in our
annual report have continued into the current year resulting in an encouraging
half year for the Company.
Revenues for the half year 2007/2008 will exceed that
of the previous full year.
Following the acquisition of the wireless service provider Yunbo, in China,
Galleon has established its position as a specialist in creating, distributing
and monetising cross platform interactive entertainment content throughout South
East Asia and China. Part of our strategy is to grow our pipeline into the
region through the interactive services that we provide to the broadcasters.
Currently we provide interactive services to 5 broadcasters and we aim for this
to be at least 10 broadcasters by the end of the year.
Strategically we will leverage this network and business model by co-producing
with South East Asian and Chinese broadcasters on mass market interactive
entertainment brands."
2 April 2008-AGM Statement
27 June 2008-Interim results for the six months ended 31 March 2008
Highlights:
Maiden Profit before tax of �355,000 compared to loss of �357,000 for same period last year
Turnover increased by 146% to �5.8million (H1 2007: �2.4 million)
Positive EBITDA of �480,000 compared to a loss of �148,000 for the same period last year
Acquisition of Lushy Assets ('Yunbo'), a mobile service provider in China, adding to Phoenix our existing Chinese operation and consolidating our China media strategy
Launch of first show, Super Soccer Star, in China, co-produced with Guangdong Sports Channel and Chelsea Football Club
Commenting on the first half results, David Wong, Chairman, Galleon Holdings plc, said:
'The first six months of this financial year have been very solid as the Group moves into a profitable phase of growth. This is a huge achievement by the management which has generated a profit in a period when they acquired and then integrated Phoenix and Yunbo in China and South East Asia.
'It is evident that we are steadily executing our business model in the emerging markets, particularly in China. Each of our divisions has continued to gain momentum and this will continue into the second half of the year. We are excited by the opportunities that we see ahead of us.'
Chairman's Statement
We have been consistent with our strategy for the entertainment division, focusing on multiplatform entertainment and interactive revenue streams in emerging markets such as China and South East Asia. We acquired Yunbo, a mobile service provider in China, in February 2008, for an initial consideration of US$3 million. This has bolstered our ability to provide Chinese broadcasters a complete media solution for multiplatform entertainment, giving us total control over the interactive content, its delivery to the consumer, data capture and the billing process. We have continued to grow our footprint in the region supplying interactive entertainment solutions to several broadcasters in China and Malaysia.
Interactive entertainment revenues for this period was £1.1m compared to £nil for the same period last year.
Current Trading & Outlook
The first six months of this financial year have been very solid as the Group moves into a profitable phase of growth. This is a huge achievement by the management which has generated a profit in a period when they acquired and then integrated Phoenix and Yunbo in China and South East Asia. We are fortunate to have excellent dedicated employees and managers locally in each of the markets where we operate which allows us to act efficiently, responsively and timely to our partners in this period of quantum growth.
It is evident that we are steadily executing our business model in the emerging markets, particularly in China. Each of our divisions has continued to gain momentum and this will continue into the second half of the year. We are excited by the opportunities that we see ahead of us.
27 June 2008-Interim results for the six months ended 31 March 2008
07 July 2008-Agreement with Hunan Television in China
Galleon Holdings plc (AIM: GON), an AIM listed entertainment media company focused on the emerging markets, is pleased to announce that it has secured a contract with Hunan Television ('HNTV') to develop and facilitate interactivity for a range of programmes to be broadcast on its Entertainment Channel.
Under the terms of the agreement, Galleon's Chinese operation, Phoenix, a provider of interactive entertainment services to broadcasters in China and South East Asia, will work with HNTV to develop interactive game play, functionality and content applications for seven shows to be broadcast on the Entertainment Channel over the coming year.
Galleon will also be responsible for the billing and fulfilment of all mobile or telephone based interactive activity, which is enabled by its acquisition of Yunbo, a mobile service provider in China, in February 2008. Revenue will be earned on a profit share basis.
HNTV is one of China's leading provincial broadcasters with an audience reach of 67 million. It has a reputation for delivering cutting edge entertainment formats to the China market.
Commenting on the syndication, CEO of Galleon Holdings, Stephen Green said:
'We are delighted to be working at such a strategic level with another leading broadcaster in China. This is a testament to the expertise of the Phoenix team and its strong relationships with broadcasters in the country. The combined audience of these seven shows presents us with a significant opportunity to generate revenues through interactive channels and applications.'
07 July 2008-Agreement with Hunan Television in China
14 August 2008-Agreement with MMTV in China
Galleon Holdings plc (AIM: GON), an AIM listed entertainment media company focused on the emerging markets, is pleased to announce that it has signed an agreement with Chinese National digital TV broadcaster, MMTV, to co-produce a series of Galleon's Play Along Gameshows ('PAGS') .
Under the terms of the agreement, Galleon's Chinese operation, Phoenix, a provider of interactive entertainment services to broadcasters in China and South East Asia, will work with MMTV to produce a range of highly interactive programmes or PAGS, which will include a dating show, a call-in chat show and a psychology show. These shows are expected to launch in September. Revenue will be earned on a revenue share basis.
In addition to co-producing these shows,
Galleon has secured an exclusive contract for its China based Mobile Service Provider Yunbo, to provide billing and fulfilment of all mobile or telephone based interactive activity, across all MMTV's programming.
MMTV is a fast growing digital TV channel targeting a female audience with programming that focuses on topics such as love and dating, fashion, TV shopping, wellbeing and lifestyle. Based out of Changsha in the Hunan province, it broadcasts across 92 cities and currently reaches an audience of approximately 75 million, which is
expected to grow to 130 million by the end of 2008.
Galleon is now working with four television stations in China on the development and production of interactive content and formats. The Company expects to sign further agreements with Chinese television stations during 2008.
Commenting on the latest agreement in China, CEO of Galleon Holdings, Stephen Green said:
'Galleon is beginning to gain traction in the interactive entertainment TV market in China, growing its footprint with our portfolio of PAGS and also bigger prime time IP such as Super Soccer Star, first broadcast in Guangdong earlier this year.
We have numerous discussions underway allowing us to apply our business model to more entertainment with more partners.'
14 August 2008-Agreement with MMTV in China
29 September 2008-Co-production agreement for Super Soccer Star in Malaysia and as posted earlier the show will be aired on the 7th January 2009 (Next week).Not 100% positive that Yunbo are involved in the mobile and online voting think it may be Horizon Multimedia Sdn Bhd.
Under the terms of the agreement, Galleon will work with Nafalia and RTM to produce 13 episodes of the show to be broadcast on prime time TV. Online recruitment and TV promotion will begin in October and the show is due to begin broadcasting in January. Chelsea Football Club is the global sports partner for the programme, with The Malaysia Football Association being the co-sponsor for this series. Additional brand sponsors of the show will be announced in due course. The show generates revenues from mobile and online voting, sponsorship, advertising and branded merchandise, of which Galleon will receive a share.
29 September 2008-Co-production agreement for Super Soccer Star in Malaysia
10 December 2008-Yunbo launches Chinese lottery mobile application
Galleon Holdings plc (AIM: GON), the AIM listed entertainment media company developing and producing multi-platform properties with a focus on emerging markets, is pleased to announce that its China based Mobile Service Provider, Yunbo, has launched a mobile phone application to enable lottery players in China to instantly verify whether they have a winning ticket.
Yunbo, the tenth largest mobile service provider in China, has already secured deals with lotteries in the provinces and regions of Hunan, Hebei, Shanghai, Jianxi and Heilongjiang, which collectively represent about 15% of the China Lottery market. Yunbo is in active negotiations to roll out this business into other regions.
There are two types of lottery played in China, the Welfare Lottery and the Sports Lottery, both of which offer a number of different games, some played on a daily basis and others weekly. Each lottery ticket costs RMB 2. The fee for subscribing to Yunbo's service is RMB 6 per month. In addition to checking lottery numbers, customers will also have access to an awards query service and a lottery number recommendation service, which allows players to access information about number frequency and statistical information.
Sales of lottery tickets in China have doubled in the last year growing from RMB 101.7bn in 2007 to an estimated RMB 200bn (US$25bn) in 2008. Current predictions are that China's lottery market will become the world's second largest lottery market after the US, growing by a CAGR of 31% to US$34.5bn, by 2010. Despite this, penetration of the lottery in China is still among the lowest in the world,
providing significant opportunities for its continued growth.
Commenting on the potential of Yunbo's new mobile application, Galleon's Chief Executive, Stephen Green, said:
'Lotteries are fulfilling a major entertainment role in China. The profile of China's mobile phone owners and that of lottery players is a perfect match, and our mobile application brings this huge and dynamic entertainment medium straight to the consumers mobile. We are looking to roll out this service with other provincial lotteries across China.'
10 December 2008-Yunbo launches Chinese lottery mobile application
Here's a link to the China Sports Lottery website where "2008 sales reached 45.6 billion! China's sports lottery has leapt to a new level":
http://www.lottery.gov.cn/
and for those who can't read Chinese:
http://translate.google.com/translate?sourceid=navclient&hl=en&u=http%3a%2f%2fwww%2elottery%2egov%2ecn%2f
and the Welfare Lottery website:
http://www.clo.com.cn/index.php
http://translate.google.com/translate?sourceid=navclient&hl=en&u=http%3a%2f%2fwww%2eclo%2ecom%2ecn%2f