Member Info for MB10

Looks like our streaming partner has already enabled the streaming for China.

https://doors.live/en/e/kpopflex?language=en&utm_source=google&utm_medium=cpc&utm_campaign=kpopflex&g=¤cy=cny

Its easy to spot the sellers on here ;-)

Yet another bricklive event landed. Looks like a dinosaur event.

https://www.welcometosheffield.co.uk/content/events/sheffield-bricktropolis/

Good points. If you do some projections based on what’s in previous RNS’ about share of revenue etc, and exclude streaming, then you are looking at between £2 and £3 million profit for each kpopflex. It would be good to see some of that being confirmed going forward, and we know that share will increase for future events. Sponsorship will add to it too (and full events will be a magnet for this). Operating costs should be covered by bricklive recovery, so most of that will go to the bottom line in profit. There’s a massive turnaround story being laid out for anyone that cares to do a little research.

“Announcement of the O2 marks the launch of the global kpopflex tour”. Lots of interest around the globe and likely to be picking and choosing where and when to hold festivals (on LVCG terms).

“Strong interest in the streaming outside of Korea”. E.g. the streaming partner were approached by a streaming partner in Japan.

Very balanced review of the festival (worth also reading their reviews of each individual day). Won’t take much to fix the organisational and comms issues and make this a truly amazing event. Core concept clearly proven (and remember this is from a standing start during covid) and there is a big demand. Lvcg say they are planning 2/3 festivals this year and 4/8 next year. Already 2 on the board for next year in iconic venues. This is going to be even bigger than anyone realises.

https://www.andasian.com/article/kpop-flex-frankfurt-2022-an-overview-of-europes-first-k-pop-mega-festival

Ultimately, despite poor organisation, fan dedication and atmosphere generated by this, is what helped KPOP.FLEX to be an unforgettable experience and an effective impression of K-Pop and the culture that envelopes it. Worthy of an annual visit, KPOP.FLEX has secured itself as an emblematic event.

KPOP is clearly scaling up very nicely. Two festivals on the board for next year, so the sponsorship element for the events will be more attractive too = even bigger profits than the first event.

In less than 6 months, kpopflex has gone from a concept, to a single day concert, which sold out and turned into a weekend festival, which attracted circa 70,000 fans, to confirming that the event will be held again in Frankfurt next year and 3 day festival is planned for the O2 for 4 recurring years. Not only that, but the festival is highly profitable from the first concert.

The concept has been proven, and it’s been shown to be scaleable. KPOP is the fastest growing genere in music and little old lvcg has exclusive arrangements to get quality acts as well as host the event, produce merchandising and has a professional streaming company all arranged too.

Won’t be long before the promise is backed up by hard numbers either and the wider market understands how undervalued this is.

Wow, no upfront costs and a 4 year contract.

Its really hard to get a date at the 02.

https://twitter.com/theo2/status/1526442531260612609?s=21&t=iAtpRJceidin0eKSH7DGRA

K-pop continues its Global Tour as KPOP.FLEX, Europe’s largest-ever mega K-Pop festival, comes to London for three exhilarating nights at The O2 in 2023.

Sign up to be the first to find out more > bit.ly/KPOPFLEX

Reportedly sold over 70,000 tickets. Merchandising sales should have done well. The streaming event at the end of the month should do well too.

https://www.iq-mag.net/2022/05/europe-k-pop-70000-tickets-84-countries/

Europe’s first K-pop festival reportedly sold more than 70,000 tickets in 84 countries.
Staged by K-Pop Europa in partnership with PK Events and Korean broadcaster SBS Television Network, the 44,000-capacity Kpop.Flex festival took place at the Deutsche Bank Park in Frankfurt, Germany, over the weekend (14–15 May).
Due to the huge demand for the event, the organisers have already gone on sale with a second edition, set for 17–18 June 2023 at the Frankfurt arena.
K-Pop Europa is also planning to expand its brand with other new dates and locations over the coming year via a partnership between the UK’s Live Company Group and Germany’s Explorado Group.
A statement from the agencies says: “South Korea is now the seventh largest music market in the world, and audiences for K-Pop are growing at an explosive rate. The high demand for KPop.Flex tickets and the rising star profile in Western media show that the K-Pop wave is not going to ebb away.”
Kpop.Flex featured live performances from acts including EXO member Kai, AB6IX, (G)I-DLE, NCT Dream, Enhypen, Mamamoo, Monsta X and IVE.
The event also featured a Korea Festival, a fan fest arranged by the Korean Tourism Organisation with food stalls and special presentations of Korean music and cultural assets.
While the in-person event is over, the organisers are gearing up for a ticketed global live stream of the event on 29 May.
For €14.95, ticket buyers can enjoy a 90-minute ‘digital experience’ and participate in fan-exclusive group chats.

Maybe we will see the Board consider a dividend policy over the next few weeks/months that would spell out how profits would be distributed between paying off debt (there’s not that much and it’s at a very low interest rate) l. Future growth and shareholder returns. Then when the guidance is restored shareholders would have a clear idea of how profits would be distributed.

And the best way for profit to come back to shareholders is via dividends. The Chairman with his 20% would stand to benefit from that, way more than he could take out in salary, and there would be no complaints from shareholders.

For clarity I’m not referring to Darola - I agree he’s not a troll. I’m specifically referring to those on advfn that knigel talks about (although it’s more likely just a couple of people with multi IDs)

Plenty bear a grudge, but they also try and spread fear and are not afraid to resort to posting false and misleading information. It’s unlikely that any post on these BBs makes the blindest bit of difference to the share price, and will certainly not influence the Board or ETX/Milton, so those trolling are basically trying to shaft their fellow private investors for their own gain. Its a positive choice they make every single time they post. Each to their own I suppose.

From what I’ve observed things do seem to have completely changed, and statements made in interviews etc are now being backed up with figures and, more importantly, with execution. Kpopflex is way better than anyone thought and this first festival has shown there is a clear demand and a good source of revenue. The option has been taken up to repeat this next year, and not only will costs be lower, but profits will be higher. And we have seen that the words about taking the festivals further is already bearing fruit. Between 4 and 8 next year seems entirely possible. With bricklive touring well recovering, bricklive shows recovering as well (now 2 x events this year) along with the Volvo ocean race, the formula E and efest to come, this is not just a little bigger than before covid, it’s turning into a massive growth story, tapping into more than one growth area. I believe people will be surprised at how big this is going to be.

Very nice. Even bigger cut of the revenue.

“Revenue will be generated via an increased percentage of the profits of the ticket sales, sponsorship, merchandise and streaming. There is not expected to be any upfront expenditure and staff salaries associated with the event will be recuperated.“

https://www.mclaren.com/racing/team/mclaren-racing-compete-formula-e-season-nine/

McLaren Racing will open the next phase of its electric motorsport journey when it enters the 2022/2023 ABB FIA Formula E World Championship from Season Nine and the beginning of the Gen3 era in the pioneering all-electric race series. Formula E will join the McLaren Racing portfolio of Formula 1, IndyCar, Extreme E, and esports.

The decision to enter Formula E follows McLaren Racing signing an option in January 2021 to participate in Season Nine and a period of evaluation, during which time the team entered the Extreme E all-electric off-road series. The move into Formula E not only reflects McLaren’s commitment to EV motorsport but the aim to accelerate McLaren Racing’s sustainability journey and reach a new, more diverse global audience.

The McLaren Formula E Team will be formed through the acquisition of the Mercedes-EQ Formula E Team, expected to complete later this year, that will see the reigning champion team become part of the McLaren Racing family. Ian James will continue to lead the team, enabling a smooth transition to McLaren following the end of the current season.

Some of the acts appearing at KPOPfest are very big on the KPOP scene. Enhypen for example has the most streamed album in 2022 with over 260 million streams, and most of these bands have big followings outside Korea. Clearly such large numbers won’t be replicated for video streaming, but nevertheless we could see some big numbers emerging with a nice £7.17 per stream coming straight to lvcg.

Calculations are showing that the first kpopflex will generate between £2 and £3m in profit for LVCG from ticket sales, sponsorship and merchandising sales. But streaming revenue could really add to that significantly.

https://www.kpopstarz.com/articles/306171/20220424/most-streamed-kpop-albums-on-spotify-in-2022-dimension-answer-invu-more.htm

ENHYPEN "DIMENSION: ANSWER" - 268.1 million streams

Summer bookings for bricklive appearing. This is a previous customer which yet again demonstrates that the product works.

https://www.sheffieldbricktropolis.com/

The real question as always is are the company executing their plans. That’s how value is added for shareholders. Go back to the end of last year and the naysayers were questioning if a KPOP festival would take place, and then along the way they questioned if tickets would be sold, and questioned if there would be enough demand for even one night, and questioned if streaming would ever be out in place etc.

Yet just 5 months later there are 2 nights, a Korean festival alongside, a professional merchandising partner in place, a professional streaming partner in place and the company are talking about being in the very final stages of securing even more festivals with 2/3 this year and between 4/8 next year. Its also clear that they are looking very carefully Aniyi the arrangements for future festivals to increase the value of each concert for shareholders. The growth being promised is incredible, and the value being added makes a mockery of the current market cap. The majority of AIM companies never get beyond the promise stage, so moving into realisation of value is pretty unique.