Success Entertainment Group Corporation (SEGC) is primarily devoted to the production and online marketing of inspirational short films across the world. Via its online platform, www.MV888.com, SEGC currently offers these films free of charge to wide viewing audiences in China, the U.S. and several countries in Europe, and is expected to begin operations in Asia later this year.
Recently, SHGT’s Launch TV subsidiary announced it is now viewable to all subscribers of DIRECTV — among the world’s leading pay-television services — upon paid download of a widely available media share software. This development is likely to significantly increase both Launch TV viewership and the amount of advertising revenue this subsidiary contributes to Success Holding.
In the latter six months of fiscal 2014, ended December 31, 2014, SEGC contributed $2.9 million to SHGT revenue, all of which was derived from various advertising modalities on the MV888 online platform.
Going forward, MV888 is expected to increase its database to over 10 million members annually worldwide, at which point we expect the platform’s contribution to SHGT revenue to increase significantly.