GHY Culture & Media invests in King of Mandopop Jay Chou’s world tour
The company will have the rights to produce Chou’s concert in Singapore and other cities.
SGX-listed G.H.Y Culture & Media Holding CoLimited (GHY), through its indirect associated company Beijing Changxin Film & Media, has entered into two cooperation agreements to invest in the concert series of Taiwanese singer, Jay Chou, dubbed as the “King of Mandopop.”
Under the agreements, GHY will have the rights to produce Chou’s concert in Singapore, Malaysia, Australia, Thailand, Japan and the People’s Republic of China (PRC).
“The reopening of the PRC has brought on new opportunities arising from the pent-up demand for concerts and live entertainment in the PRC,” GHY said in a bourse filing.
Citing data from the China Association of Performing Arts, GHY said ticket revenue had surged 111% YoY in Q1 to RMB5b in 1Q23.