Member Info for MB10

I look forward to proving you wrong yet again stockman when not only do they announce another night but also announce KPOP2 (and then even more events on top of that). I doubt if it will stop your non stop trolling though.

LVCG have tapped into the fastest growing music genere in the world and brought some of the biggest KPOP acts to Europe. They clearly have the inside track through SBS for securing the acts, and have got an amazing venue too, at not much cost. The returns here are a going to be massive for shareholders IMO and once the company announce that to the market, there’s no way the Share price will still be scraping along near the 52week low.

But good luck to you in whatever you are invested in stockman, whatever it is, it’s not here.

If anything they will be running another event. There is also insurance for organisers of events in Germany up to €8m for each event. But never let anything as trivial as the facts get in the way of trolling.

https://www.theguardian.com/world/2021/may/28/germany-agrees-25bn-package-to-help-revive-covid-hit-culture-sector

Just the 44,000 KPOP fans that have booked tickets, the staff of lvcg, the stadium, SBS, all the 5 KPOP acts and their supporting cast plus live nation and SBS. Nobody really.

Tintin, you whined and whined (nay trolled) before kpopfest was announced that it wasn’t going ahead. You were proven 100% wrong.

There was a big televised event at the Manchester arena last night, which looked to be at full capacity. Everywhere restrictions on events are being lifted and travel is getting easier, which is only going to get better as we head into the summer period.

This event has sold out, even the ticket resellers only have 50 tickets left, and that’s in the middle of covid and travel restrictions. The demand is incredible, and there are only 5 bands announced so far. Its looking increasingly likely that a 2nd night will be put on, never mind a 2nd KPOP this year.

The social media following of the acts announced so far is just amazing, over 50 million followers. MAMAMOO’s video launch attracted over 7.3 million views on their you tube channel which bodes well for scaling this event up around the globe via a premium streaming service. . https://www.youtube.com/watch?v=l-fZh5Maq0k

This could be the biggest turn around in a company ever.

Lvcg earn 100% of the profit of online event related merchandising and 74% of all merchandising profit at the event. Plans seem well advanced to produce plenty of memorabilia for this 5 hour festival with 44,000 KPOP fans (and any look on social media will tell you they are just nuts for their favourite bands).

This will be a bigger revenue stream than many think.

https://twitter.com/foxorganisation/status/1487411858730532871?s=21 We're the Organisation Team for the Kpop.flex festival! We are planning projects like banners, pins, wristbands, glowsticks and more for every group! Stay tuned ^^

Agreed, its very interesting indeed. There are links between LVCG staff and Blackstone too. I think it’s also interesting that lvcg have directed all updates on bricklive to a separate website now, almost as if they are preparing to separate it out from lvcg?

Bricklive have access to multi year agreements to reproduce the biggest IP providers out there for children like paw patrol, peter rabbit, SpongeBob and paddington. Would Lego be interested in those tie ups?

https://www.thisismoney.co.uk/money/markets/article-7193535/Lego-snaps-Alton-Towers-owner-6bn-Merlin-boss-lands-31m-windfall-deal.html

Alton Towers' owner is being bought for £6 billion by the family behind Lego – in a deal that will land its boss £31m.

Merlin Entertainments, which also owns Madame Tussauds, is being sold to a group led by Kirkbi, the investment vehicle of the Danish Kirk Kristiansen family that founded Lego in 1934.

Kirkbi, which has joined forces with Blackstone and Canadian pension fund CPPIB to secure the deal, already owns nearly 30 per cent of Merlin, which operates the Legoland theme parks around the world.

We’re close to selling out! Some more big news is coming… ??

https://twitter.com/kpop_flex/status/1487411171196088324?s=21

Bricklive zoo touring sets still doing the business with the rental at Granby Zoo. With over 28 sets of various sizes, already built and paid for, these are all just cash to the bottom line.

https://www.lavoixdelest.ca/2022/01/28/des-animaux-de-briques-au-zoo-de-granby-51196c6d7bea83d812505b479b0dd9d4

The bands they are amassing for the kpopflex are top notch, with over 50 million social media followers between them. And those KPOP fans are just nuts for their favourite groups. Especially merchandise. Have a look at the light sticks which are a must for every festival goer, the mark up must be pretty high and with a captive audience to seek to.

But one of the biggest points is the diversity of regional interest of the groups. Mamamoo for example is big in Japan, Monsta X and NCT dream are big in USA. That bodes well for streaming revenue as well as attracting sponsorship. The talks on streaming are clearly moving to conclusion with confirmation they are discussing with world renowned partners.

KNIGEL for the event in Germany “ Opportunity for multi-year event available on an automatic option for KPE to a maximum of five years” “KPE has the option to extend the festival annually for up to a further four years for no further payments.“

There is clearly a big demand for KPOP in Europe (the first report of ticket sales were from 40 countries) , so it’s unlikely that this will be the only one this year. The funding raised was “To provide funding for the KPOP-FLEX as well as the expansion of the concept” = standby for a 2nd and even a 3rd festival, possibly even more in the future.

We know that the lvcg costs for this are very low. However the company have yet to give any indication in an RNS of how big the revenue for this will be, but some big hints were dropped in the interviews, with figures if £10 million plus for the total revenue for the festival being talked about. Lvcg will get a big share of this, but it’s the streaming revenue potential that can scale up well beyond the festival that is really exciting.

“LVCG owns 50% of KPE. KPE earns revenue via a number of sources including; 40% of sponsorship revenue, 100% of the net profit of event related on-line merchandising, 75% of the net profit of merchandising at the event, 100% of broadcast and streaming rights (ex-Korea), annual consultancy fees of Euro 200,00 and a percentage of the ticket sale profits.”

Tickets selling fast. They opened a new block up and it’s sold out already. Also opened up a couple of rows in some blocks, which have almost gone.

Shows there is massive demand here, and that’s in the middle of covid. 2nd night and 2nd KPOP festival looks a certainty IMO, which will very significantly change the performance here.

Everyone thinks this company is going to fail. When the numbers come out and people realise the massive turnaround and the move into significant actual profit this year, there’s going to be a massive rerate IMO.

There is massive interest in kpopflex and the new band. Apparently the final two acts to be announced are the biggest yet, so I wonder if they will put on a 2nd night?

https://twitter.com/kpop_flex/status/1486655734171549699?s=21

Its straight out of the muppets little black book of how to mislead investors :-)

I also note that they are negotiation with world renowned partners for the streaming and merchandising.

" We are delighted to announce a further band for the KPop.Flex festival. Ticket sales are now in excess of 36,000 - we will have to hold back tickets for the announcement of remaining bands. Our conversations with world renown partners for merchandising and streaming are ongoing. We look forward to updating shareholders in due course once these agreements have been finalised. "

Excellent addition of mamamoo to the kpopflex festival. Over 36,000 tickets sold.

Lego clearly putting it about that these builds are theirs

https://www.dailyadvent.com/fr/news/f3ad7d8964584823d54c18198a7c2afb This is the crazy new project of the most famous Danish brand. The first world exhibition dedicated to dinosaurs... in bricks. Welcome to "Brickosaurs World", a crazy new creation installed in the heart of Singapore's National Zoo and Safari River Park next door.

Looks like lvcg have secured 2 of the all time best KPOP girl groups for the kpopflex. Quite an achievement.

https://kpophit.com/blackpink-twice-mamamoo-and-more-these-are-the-all-time-best-k-pop-girl-groups/

Plus you can factor in operating cost reductions too. Bricklive touring is a high gross margin business. Once a touring set is built, there are very little costs. The renter pays transport costs, and there are very little maintenance costs, plus if it’s rented out most of the time, there are very few storage costs. There are 28 touring sets built now, which are effectively just cash generators. Brickosaurs is the largest of those and can easily pull in £500,000 a year in its own. There are 2x Brickosaurs sets. Do the maths and even at only 50% utilisation those touring sets will Bering in £4 to £5 million a year.

Lol, you only get a figure of that if you use £0.7m. If Bricklive gets back to post covid activity levels (and remember there are now considerably more touring sets than there were in 2019) then you are looking at £2m plus earnings for this part of the business alone. Using P/E of 20 that’s £40 million. But my main point is that this is not some theoretical revenue potential, it’s what has already been achieved.

Bennster, its not accurate to say that bricklive has “never returned a profit”. Before covid hit, the results for 2019 showed that bricklive made a maiden EBITDA profit of £0.7m. That would have been larger if the cost cutting post covid and central overhead costs had been separated out.

This shows that the figures being quoted are far from “jam tomorrow” or based on just “hope”, they are based on what has already been achieved before covid devastated the business. :-)

“Revenues of £5.5 million for 2019 (2018: £4.9 million from continuing activities, of which US$1.6 million was a one off single contract for China), representing an increase of £0.6 million (12%). EBITDA £0.7 million (2018: loss £0.4 million from continuing activities) - an improvement of approximately £1.1 million.”