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An update from mm2 Asia Ltd. ( (SG:1B0) ) is now available.
mm2 Asia Ltd. announced that its subsidiaries, MM2 Star Screen Sdn. Bhd. and MM2 Screen Management Sdn. Bhd., received letters of demand from The Walt Disney Company for unpaid film license fees totaling over RM1.2 million. These fees are related to the exhibition of Disney films in cinemas operated by the group in Malaysia, and have been outstanding since November 2023. The company has not been showing Disney films since June 2024 and is currently seeking legal advice to resolve the issue.
More about mm2 Asia Ltd.
mm2 Asia Ltd. is a Singapore-based company involved in the media and entertainment industry, focusing on film production and distribution, as well as cinema operations.
YTD Price Performance: -28.57%
Technical Sentiment Signal: Sell
Current Market Cap: S$19.61M
For detailed information about 1B0 stock, go to TipRanks’ Stock Analysis page.