OURGAME (06899) Associate Company Invests in "Angry Birds 3" Film Production

Stock News
Aug 15

OURGAME (06899) announced that its associate company Allied Gaming & Entertainment, Inc. (AGAE) has officially confirmed its investment in the production of "Angry Birds 3" through Flywheel Media. Flywheel Media is a film production company dedicated to creating movie works that entertain and inspire audiences globally.

This investment aligns with the global strategic planning of both the company and AGAE, aiming to expand the cultural entertainment industry value chain through the deployment of premium intellectual properties. "Angry Birds 3" is scheduled to premiere on January 29, 2027, with Paramount Pictures handling global distribution across more than 100 countries and regions, including mainland China, North America, Europe, and other core markets.

The first two installments of the "Angry Birds" film series previously generated a combined global box office revenue exceeding $500 million, establishing a solid foundation for the production of the third film. AGAE's investment further strengthens the company's resource integration and synergy capabilities in the pan-entertainment sector, laying the groundwork for subsequent IP derivative businesses such as gaming collaborations and game IP partnerships.

Box office revenues generated after the film's release are expected to positively impact the future financial performance of both AGAE and the company, while creating synergistic value for the company's gaming, digital entertainment, and offline derivative businesses.

The Board of Directors believes that this investment by AGAE, as an associate company, aligns with the company's global strategic direction of "Entertainment + IP Ecosystem" and is expected to enhance long-term shareholder value. The company also notes that the AGAE team will continue to monitor project progress and strictly adhere to risk management mechanisms.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10