Vividthree Holdings Ltd. (SGX: OMK), is pleased to announce that it has entered into a binding term sheet with Darkbox Studios Pte Ltd (“Darkbox”) for the proposed acquisition of all intellectual property (“IP”) rights, all published and unpublished works for the popular comic IP, “Silent Horror” owned by Darkbox and both Mr Goh Chun Hoong and Mr Goh Chun Keong (collectively, the “Vendors” and each a “Vendor”); as well as all rights and goodwill to the business name “Darkbox” and “Darkbox Studio” from the Vendors (“Proposed Transaction”).
Managing Director of Vividthree, Mr Charles Yeo commented, “The acquisition of the rights to Silent Horror is a potential game-changer for us. This comic title, which garnered over 92 million views online, is a testament to the quality of the IP. By tapping on our post-production and content production capabilities, we want to bring ‘Silent Horror’ to an even wider audience via our OTT comic video platform. Moving forth, we will continue to strengthen our competitive edge to meet the increasing consumer demand in the region.”