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Friday, 06/25/2021 4:27:03 PM

Friday, June 25, 2021 4:27:03 PM

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This is just getting better! Unfortunately, I couln't register to get the whole report. I tried 2 credit cards but Wall Street Journal site kept saying invalid credit card. Something wrong with the site registration...It is a little old news but but this is definitely GREAT NEWS for us when ABQQ now owns 40% of this company and they just announced creating their own NFT!


"Star East's Owners Seek to Recreate Hollywood Studio System on the Web

HONG KONG -- A radio commentator, a prolific B-movie director and a tough wheeler-dealer with roots in the construction trade have a plan to revive Hong Kong's flagging entertainment industry: Repackage it as an Internet studio.

Like the Hollywood studios in their heyday, this studio aims to control a stable of stars and all their performances, online and off, through two sister companies, Star East Holdings Ltd. and its newly listed Internet spinoff, Stareastnet.com Corp.

Star East, an upstart with powerful backers, aspires to dominate all the "bricks and clicks" of entertainment in Asia: managing celebrities' careers in exchange for stock options, producing television serials and movies, selling show business merchandise over the Internet, and booking performers at Star East's chain of nightclubs. And Web sites -- including sites for Internet-enabled telephones -- for Chinese entertainers in Taiwan, Singapore, Malaysia and the U.S. are under development.

Turning Stars Into Gold

"The goal is always to utilize major stars to make money," says Olivia Siu, Stareastnet's chief strategy and investment officer and a former Merrill Lynch derivative-securities trader."

https://www.wsj.com/articles/SB962823278132092227
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