Vividthree Holdings Stays Committed to VR and AR Content Production
- Recorded Revenue of S$1.6 million and Net Profit of S$0.3 million in 1QFY2020;
- Train to Busan Virtual Reality Tour show moved to Xiamen, China in late July 2019;
- Vividthree signed MOU to develop VR/AR immersive experience for popular Japanese Intellectual Property (IP) – Doraemon
Vividthree Holdings Ltd. (SGX: OMK), a virtual reality, visual effects and computer generated imagery production studio (“Vividthree”, the “Company” and together with its subsidiaries, the “Group”) announced its fiscal results for its three months ended 30 June 2019 (“1QFY2020”).
Managing Director of Vividthree, Mr Charles Yeo commented, “Our Post-Production segment provides the basis for the Group’s profitability as we keep expanding our Content Production segment. We will continue to ramp up our attempts to improve our execution on both the fiscal and operational fronts while seeking new intellectual property products and merger and acquisition opportunities. Following the success of our Train to Busan Virtual Reality tour shows in China, we can’t wait to unveil a brand new VR/AR immersive experience, tentatively titled the ‘Doraemon Experience’, for Doraemon fans in the region to enjoy one of the most iconic cartoon characters of our time in a different, more exciting format.”