RHB rolls out the red carpet for Spackman Entertainment despite disappointing 1Q

SINGAPORE (May 16): Spackman Entertainment Group reported a disappointing 1Q18, mainly because of the absence of profits recognised from its blockbuster movie Master and the underperformance of Golden Slumber.

However, revenue grew 31% y-o-y to US$10.5 million, partially due to the contribution of US$2.5 million from the acquisitions that the company has made so far, as well as US$4.5 million from the post-theatrical distribution of The Outlaws.