Spackman Entertainment to Offload Debt-Burdened Studio Take

MT Newswires

Jan 23

Spackman Entertainment (SGX:9VW) said it agreed to sell its indirect subsidiary, Studio Take, to film production professional Shin Kyung Chul for $1, according to a Friday filing with the Singapore Exchange.

Under the disposal, Spackman's direct subsidiary, Take Pictures, will assume Studio Take's film production and investment functions. Following the transaction, production label Studio Take will cease to be a subsidiary of Take Pictures.

The company said the disposal was due to Studio Take's weak financial position in the theatrical film segment, as it is burdened by significant distressed debt. As of Sept. 30, 2025, Studio Take had accumulated losses of $1.34 million and net liabilities of $1.95 million.

Studio Take's most recent film, "You Are The Apple of My Eye," tanked at the South Korean box office, the filing stated.

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As of Sept. 30, 2025, Studio Take had accumulated losses of $1.34 million and net liabilities of $1.95 million.</p><p>Studio Take's most recent film, \"You Are The Apple of My Eye,\" tanked at the South Korean box office, the filing stated.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"9VW.SI","symbol_name":"SPACKMAN娱乐","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2605471970","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2605471970","pubTimestamp":1769166218,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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