DIGITAL DOMAIN HOLDINGS LIMITED
(Incorporated in Bermuda with limited liability)
[Press release]
Digital Domain Forms a JV with TNT to Produce
3-D Holograms of Miss Teresa Teng
*
*
*
Broadens the Utilisation of Hologram Technology
in the Chinese Pop Music Industry and the Greater China Market
(Hong Kong, 21 October 2014) – Digital Domain Media (HK) Limited (“DDM”), an indirectly
wholly-owned subsidiary of Digital Domain Holdings Limited (“Digital Domain” and together with
its subsidiaries, the “Group”) (stock code: 547) and TNT Production Limited (“TNT”) have entered
into a co-operation joint venture framework agreement (“JV agreement”) for the formation of the Joint
Venture Company (“JV”) to engage in the production and utilisation of 3-D holograms of Miss Teresa
Teng. Miss Teng is generally considered to be the all-time greatest Asian singing star.
The JV, 60% owned by DDM and 40% by TNT is to produce new holograms of Miss Teresa Teng
using digital 3-D technology (subject to the conditions precedent contained in the JV agreement) and
the exploitation of the new holograms in the entertainment business, including and not limited to
concerts, albums, movies, advertisements etc., around the world. TNT is to grant intellectual property
rights (“IP rights”) to the JV to use Miss Teng’s image to create 3-D holograms, while DDM is to make
proportionate capital contribution in cash based on the valuation of such IP rights, subject to a cap of
HK$60,000,000.
Mr. ZHOU Jian, Chairman of Digital Domain, said, “The formation of the JV with TNT is part of
our latest business strategy of expanding our principal business into the media entertainment sector. We
believe that the collaboration between DDM and TNT can broaden the utilisation of the Group’s
hologram technology within the Chinese pop music industry and the Greater China market. Meanwhile,
Miss Teresa Teng’s enduring status as a pop music icon can definitely help the Group to enhance the
overall profit potential through the production and utilisation of holograms of Miss Teng.”
Mr. Daniel SEAH, Executive Director and CEO of Digital Domain, said, “It is truly an honor for us
to preserve and promote the legacy of Miss Teng. The dedicated team at Digital Domain worked
closely with her foundation to bring her personality and spirit to life in her performances in 2013. We
look to continue that close partnership and find ways for her fans of long standing, as well as a whole
new generation, to appreciate her talent for many years to come.”
Mr. Frank TENG (the third eldest brother of Teresa Teng), Chairman of TNT, said, “This
partnership is of huge significance. Digital Domain hopes that the 3-D holographic projection
technology will more vividly present the wonderful voice of Teresa and the delightful charm of the top
songstress of her generation in re-creating her performances, in order to carry forward the pride of
Taiwan. We are very thankful to Digital Domain and its team.”
1
Digital Domain Forms a JV with TNT to Produce 3-D Holograms of Miss Teresa Teng
21 October 2014
In 2013, the Group employed the latest “Virtual Image Reconstruction Technology” from Hollywood,
the United States to create 3-D images, bringing back the late international superstar Miss Teresa Teng
to sing with Mr. Jay Chou on stage in“The Opus Jay 2013 World Tour”. The performances have been
so enchanting that more than 100,000 people have attended the concerts. Supported by Digital Domain
3.0 Group, the renowned visual effects (“VFX”) service provider under Digital Domain, Miss Teng
became the first Chinese singer to be “resurrected” through virtual image reconstruction technology. A
professional team stationed in Hollywood was responsible for transforming the initial concept into
reality. This success has laid a solid foundation for Digital Domain to enter the high-end media
entertainment and film production market.
- End -
About Digital Domain Holdings Limited
Digital Domain Holdings Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited
(stock code: 547). Digital Domain is a diversified investment holding company with its operating and investment
businesses spanning Hong Kong, the United States, Canada, Mainland China and other countries, encompassing
such businesses as media entertainment, VFX, co-production of movies, property investment, trading, etc.
On 4 July 2013, the Group acquired Digital Domain 3.0 Group comprising Digital Domain 3.0, Inc., Digital
Domain Productions 3.0 (BC), Ltd. and Mothership Media, Inc.
The Group will continuously explore business opportunities in our new domain of business, and will pursue
other strategic investments, to create benefits for its shareholders and investors and to develop more business
opportunities with greater potential. Company website: www.digitaldomainhl.com
About TNT Production Limited
The name “TNT” originates from the first letter of the English first name and family name of Miss Teresa Teng,
“T” and “T”. The objective of establishing TNT is to commemorate Miss Teng’s professional commitment in
her singing career and the art business as well as her active involvement in community charity activities. Her
influence can be seen in places where Chinese people reside.
TNT Production Limited is principally engaged in the authorisation and agency of Miss Teng’s video and audio
entertainment business and related intellectual property rights worldwide. These include her concerts, musicals,
TV dramas, movies, etc. TNT hopes to pass on Miss Teng’s joyful loving spirit through its operations.
For enquiries:
Strategic Financial Relations Limited
Mandy Go
+(852) 2864 4812
[email protected]
Jovanni Cai
+(852) 2114 4937
[email protected]
Isabel Kwok
+(852) 2864 4824
[email protected]
Fax:
+(852) 2527 1196
2