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mm2 Entertainment

mm2 Entertainment is a Singapore-based media and entertainment company, operating as a wholly owned subsidiary of mm2 Asia Ltd., focused on the production, distribution, and exhibition of films, television programs, web series, telemovies, and commercials across Asia. Founded in 2009 by Melvin Ang, who serves as its CEO, the company has expanded from its origins in content creation to offer end-to-end filmmaking services, from ideation to distribution, establishing itself as Singapore's leading media entertainment and content provider. It achieved significant milestones with its listing on the Singapore Exchange (SGX-ST) Catalist board in December 2014 and migration to the Mainboard in 2017, marking it as the first local film production company to do so. Notable productions include the blockbuster Ah Boys to Men series, which became Singapore's highest-grossing local film in 2012, along with Ah Boys to Men II, The Lion Men, and the Long Long Time Ago series, contributing to its reputation for successful Singaporean cinema. The company maintains a regional presence with offices in , , , , , and the . Its parent company, mm2 Asia Ltd., traces its roots to and encompasses broader media operations, including digital platforms and through entities like 2mm Talent Hub. As of 2025, mm2 Asia is undergoing a court-supervised reorganization amid significant financial challenges, including net losses of S$122.4 million for the fiscal year ended March 31, 2025, closure of its operations, and plans to sell certain subsidiaries.

History

Founding and early years

mm2 Entertainment was founded in 2008 in and by Melvin Ang, a former executive advisor at , with the core mission of producing and distributing Chinese-language films and television content tailored for Malaysian and Singaporean audiences. The company emerged during a period of growing demand for localized ethnic Chinese media in , positioning itself to fill gaps in regional content production. In 2009, mm2 Entertainment expanded its footprint by incorporating mm2 Entertainment Pte. Ltd. in on and relocating its headquarters there, enabling better access to regional markets and collaborative opportunities. This move also involved setting up a parallel entity in , solidifying the company's dual-base operations across the two nations. The early business model emphasized theatrical releases and strategies targeted at ethnic Chinese communities in , while laying groundwork for dissemination. Starting from 2008, the company engaged in co-production and of over 20 films across , focusing on accessible, culturally resonant storytelling. Key initial productions in 2010 included Phua Chu Kang The Movie, Old Cow vs Tender Grass, and Love Cuts, which marked mm2's entry into output and garnered attention as early successes in Singaporean and Malaysian cinema. These projects exemplified the company's commitment to Chinese-language narratives, blending humor and drama to appeal to local viewers.

Expansion and public listing

In 2009, mm2 Entertainment relocated its headquarters from to , incorporating mm2 Singapore Pte. Ltd. and mm2 Malaysia Sdn. Bhd. to facilitate expansion into regional markets. This move marked a strategic shift toward broader Asian content production, enabling the company to leverage Singapore's position as a hub for financing, , and international co-productions across and Chinese-speaking territories. The relocation facilitated mm2's deeper entry into the Singapore market, where it began producing local content tailored to domestic audiences. Notable examples include the 2014 action-comedy The Lion Men, a Singapore-Malaysia co-production that highlighted the company's growing involvement in Mandarin-language films with regional appeal. This was followed by the 2016 Long Long Time Ago series, directed by and co-produced with Productions, which explored Singaporean family stories in dialect and achieved significant box-office success locally. A key financial milestone came in December 2014, when parent company mm2 Asia Ltd. listed on the Exchange's (SGX) Catalist board. The involved 37.4 million shares priced at S$0.25 each, comprising 31 million new shares and 6.4 million vendor shares, valuing the company at S$51.8 million post-listing. On August 7, 2017, mm2 Asia transferred its listing from Catalist to the , signifying its evolution into a more established public entity with enhanced visibility and access to capital markets. This upgrade followed strong growth in revenue and operations, underscoring the company's maturation as a pan-Asian media player.

Acquisitions and regional growth

In 2015, mm2 Entertainment expanded into the film exhibition sector through the acquisition of Cineplexes' operations at two Malaysian locations— Cineplex Damansara in and Cineplex City Square in —for RM40 million (approximately S$13.8 million), adding 18 screens to its portfolio. Shortly thereafter, the company acquired three Mega Cineplex outlets from Mega Cinemas Management Sdn Bhd for RM22 million (approximately S$7.6 million), further strengthening its presence in Malaysia's cinema market with an additional 15 screens. In 2015, the company also diversified into capabilities by acquiring a 51% stake in Vividthree Productions Pte Ltd, a Singapore-based firm specializing in 3D animation, (VFX), and (CGI) for films and commercials. These moves marked mm2's strategic entry into cinema operations, complementing its core content production business and leveraging synergies in distribution and exhibition across . Building on this momentum, pursued further regional consolidation in 2016 by acquiring the management and operations of 13 Lotus Fivestar Cinemas locations across for RM118 million (approximately S$40.8 million), bringing its total screen count in the country to 133 and positioning it as the fourth-largest cinema operator there. This acquisition, funded in part by proceeds from its on the Singapore Exchange's Catalist board, enhanced mm2's in the entertainment value chain. mm2's regional footprint grew significantly between 2013 and 2018 with the establishment of offices in key Asian markets to facilitate co-productions and distribution. An office in , , was set up in 2013 to tap into local content partnerships, followed by a division in 2014 for cross-border film deals. In , offices in and were established around the same period to support co-productions, such as the 2018 partnership with Asia to produce six Chinese-language features. As part of its diversification strategy during this period, entered and immersive through its Vividthree subsidiary and broader segment, which provides VFX services and immersive content production for films, commercials, and location-based experiences. The company also expanded into sponsorship services, offering end-to-end financing and brand integration solutions for films and television projects to attract regional advertisers and partners. These initiatives underscored 's shift toward a fully integrated ecosystem across .

Recent financial challenges

Following the expansion phase prior to 2019, mm2 Asia Ltd. encountered significant financial headwinds starting from 2019, exacerbated by the pandemic's disruptions to its core exhibition and live events segments. The crisis led to widespread closures, event cancellations, and sharp declines in audience attendance, resulting in substantial revenue drops across these operations. For instance, the company's business, including its Cathay Cineplexes operations, faced prolonged shutdowns and reduced performance, mirroring broader industry challenges from the pandemic and competition from streaming platforms. These pressures culminated in the ended March 31, 2025 (FY2025), where mm2 Asia reported a group net loss of S$122.4 million, a stark widening from the S$1.9 million loss in FY2024, driven by asset impairments, share of losses from associates, and lower project completions. fell 13.9% to S$165.1 million from S$191.8 million the prior year, reflecting ongoing weakness in events and segments. As of March 31, 2025, total borrowings stood at S$217.2 million, with S$201.0 million classified as current liabilities, underscoring liquidity strains amid the revenue contraction. The company's challenges intensified in 2025, with multiple creditor demands highlighting acute cash flow issues. In November 2025, (UOB) issued letters demanding immediate repayment of approximately S$74.6 million from mm2 Asia and its subsidiaries, due within seven days, threatening legal action upon non-compliance. Earlier, in October 2025, landlord Singapore Land Group demanded S$794,393 for outstanding rental and related charges at the West Mall property. Additionally, in September 2025, executive chairman Melvin Ang's stake in the company was reduced by 50 million shares to about 856 million shares (13.1% ownership), following forced sales triggered by margin calls from CGS International Securities. In response to these mounting pressures, mm2 Asia sought protection through legal measures, applying to the in November 2025 for a moratorium under the to halt winding-up proceedings and creditor actions for up to four months, providing time for discussions. This followed delays in its proposed share placement of S$30–40 million, initially announced in August 2024, which was postponed multiple times into 2025 due to evolving financial and strategic developments, including the voluntary of Cineplexes. On November 10, 2025, mm2 Asia requested a voluntary suspension of trading on the (SGX) with immediate effect to facilitate discussions. Two days later, on November 12, 2025, the company announced a net loss of S$39.7 million for the first half of 2026 (ended September 30, 2025), reflecting continued challenges in its operations.

Corporate structure

Leadership and key personnel

Melvin Ang Wee Chye founded mm2 Entertainment in Singapore in 2009, with origins tracing to a Malaysian entity established in 2008, after a career in media, including roles as a TV executive at TCS and Mediacorp, and as Executive Advisor at Media Prima from 2007 to 2008. He served as the company's CEO until April 2017, overseeing its initial growth and the 2014 initial public offering on the Singapore Exchange, which raised S$5.37 million and marked a key strategic expansion into regional markets. Since April 2017, Ang has been Executive Chairman, guiding the company's strategic direction, including acquisitions and diversification into film, television, and live events across Asia. Chang Long Jong was appointed Group Chief Executive Officer of mm2 Asia Ltd. on April 3, 2017, taking over day-to-day operations from Melvin Ang. With over 30 years in the media industry, including as Deputy CEO at from 2003 to 2017—where he managed TV, news, radio, print, and digital businesses, with expertise in content development, , licensing, and —Chang brought extensive operational experience to the role. Under his leadership, mm2 expanded its content and efforts, though the company faced increasing financial pressures in its segment by 2025. The includes several key figures with long tenures and specialized roles. Ang Chiang Meng, and Restructuring since August 1, 2025, has been instrumental in addressing recent operational challenges. Hock Meng Lai serves as Lead , providing oversight on matters. Khee Giap Tan, appointed to the board and committees including and Nominating in recent years, contributes expertise in and . During the 2014 IPO preparations, Melvin Ang led the executive team alongside early board members focused on and , ensuring compliance and . In response to 2025 financial difficulties, particularly in the cinema exhibition business amid payment delays to landlords, significant leadership shifts occurred in July. Chang Long Jong retired as CEO effective September 1, 2025, with Melvin Ang serving as interim CEO as of November 2025 while a permanent replacement is sought. The board to include a restructuring specialist, with Ang Chiang Meng's role elevated to support recovery efforts, and veteran Gary Goh appointed as managing of mm2 Entertainment to stabilize operations. On November 7, 2025, the board appointed Tan Ching Yee as an . These changes aim to navigate ongoing challenges without broader insolvency proceedings.

Subsidiaries and affiliates

mm2 Entertainment operates through several key subsidiaries that support its core activities in content production, , events, and cinema exhibition. UnUsUaL Productions, a Singapore-based entity under the UnUsUaL Group of Companies, specializes in film and television production, contributing to the development of local and regional content. Acquired by Asia in 2016, it plays a pivotal role in enhancing mm2 Entertainment's production capabilities across . mmCineplexes served as the primary subsidiary for cinema operations in , managing exhibition activities following acquisitions such as Cinemas in 2015 and Lotus Five Star Cinemas in 2016, which expanded mm2's footprint. However, as of September 23, 2025, mmCineplexes ceased operations after its parent entered creditors' voluntary amid mm2 Asia's financial challenges, closing all Malaysian sites. Separately, Cineplexes in , acquired in 2017, ceased operations on September 1, 2025, and entered creditors' voluntary . By November 2025, mm2 Asia faces further financial pressures, including a repayment demand from for S$74.6 million. Vividthree Productions, in which mm2 Entertainment holds a majority stake since its 2015 acquisition, focuses on , animation, and services, supporting both in-house projects and external clients in the film and sectors. This bolsters mm2's technical expertise, enabling high-quality content creation for regional markets. In May 2025, mm2 Asia proposed to divest a 21% stake in Vividthree to a for S$1.7 million but terminated the agreement in September 2025, retaining its stake. Dick Lee Asia, established as a with mm2 Entertainment in 2016, functions as a creative consultancy specializing in live events, music production, and special projects, leveraging the expertise of Singaporean artist to curate cultural and entertainment initiatives. It contributes to mm2's diversification into experiential content and events. Beyond these, mm2 Entertainment maintains affiliates through regional offices and strategic partnerships, including distribution arms in , , , , and the , which facilitate content localization and market expansion. In , mm2 collaborates with local partners for production and distribution, though no wholly owned operates there as of 2025.

Business operations

Film production and distribution

mm2 Entertainment oversees a full production pipeline for feature films, encompassing from initial , financing through securing investments and sponsorships, and co-productions with regional Asian partners in markets such as , , and . The company collaborates on projects with entities like New Culture Media and Fox Networks Group Asia to share resources and expand creative output. is managed via its Vividthree Productions, acquired in 2015, which provides specialized services in (VFX), 3D , and (CGI) to enhance film quality and immersive elements. The company's distribution model centers on theatrical releases in primary markets including , , and , supplemented by digital platforms such as video-on-demand (VOD), television, and airline channels. It acquires and distributes both in-house productions and third-party , with a dedicated team ensuring targeted to maximize reach. Since 2008, mm2 has co-produced or distributed over 100 across , establishing a robust for regional content delivery. mm2's market strategy emphasizes Singapore-Malaysia co-productions to leverage cross-border synergies, targeting pan-Asian audiences through content tailored for Chinese-speaking regions like and beyond. This approach fosters broader appeal in Southeast and by aligning with local cultural narratives and distribution networks. In addition to core production, the company integrates sponsorships into films for revenue diversification and extends VFX services to third-party projects, supporting external filmmakers with advanced capabilities.

Television and digital content production

mm2 Entertainment has been actively involved in television production, focusing on variety and infotainment programs tailored for regional broadcasters in and . A notable example is their co-production of the Singapore-Malaysia edition of the reality singing competition , licensed from Talpa Global and premiered in September 2017 on StarHub's Hub E City channel in and Astro AEC in . The season, which concluded in December 2017, featured coaches Hanjin Tan, Della Ding, , and Sky Wu, and attracted over 2,000 audition submissions from participants across both countries, emphasizing Mandarin-language performances to cater to the local audience.) This project highlighted mm2's capability in adapting international formats for Asian markets through collaborations with broadcasters. In addition to reality shows, has produced other infotainment content, including travel series and lifestyle programs distributed to regional TV stations. These efforts often involve co-productions that leverage local talent and cultural elements to appeal to Singaporean and Malaysian viewers, with distribution handled through partnerships with networks like and . The company's television output prioritizes engaging, episodic formats that blend entertainment with informational value, such as variety specials and talent competitions, contributing to their portfolio of non-scripted programming. On the digital front, mm2 Entertainment expanded into short-form videos and online series starting in 2016 by signing eight local YouTubers as producers to create original web content, including mini-movies and web-series for platforms like . This initiative aimed to produce immersive media tailored for online audiences, focusing on bite-sized narratives in genres like and . In 2019, mm2 announced and launched mPlay in 2020, a streaming service dedicated to Chinese-language short-form videos, enhancing their digital production and distribution capabilities across . mm2's digital news arm, established through a 2018 joint venture with to operate the portal, produces news-related content alongside lifestyle and entertainment videos. This platform features original video content that integrates current events with elements, such as celebrity interviews and event coverage, distributed via web and channels. Overall, mm2 Entertainment's television and digital productions are distributed through licensing agreements with TV networks and over-the-top (OTT) platforms throughout Asia, enabling broad regional reach for their reality shows, dramas, and short-form content. For instance, The Voice was exclusively aired on partner channels, while digital series are available on YouTube and mPlay, often with subtitles for cross-border accessibility. In 2023, mm2 announced a co-production for the TV adaptation of the Tales of Mystery book series with Taiwan's Man Man Er, a drama format set for distribution on Asian OTT services, further expanding their scripted episodic offerings.

Live events and concert production

mm2 Entertainment entered the live events and production segment through its parent company mm2 's strategic acquisitions and expansions in the mid-2010s, focusing on organizing music events and artist tours across and regional venues in . In 2016, mm2 acquired a 51% stake in UnUsUaL Entertainment, an established promoter specializing in large-scale by and artists, which marked a key entry point into this market. This affiliation enabled mm2 to leverage UnUsUaL's expertise in producing sold-out performances, such as tours by , , and , as well as more recent events like Ayumi Hamasaki's Tour 2025 and DOH KYUNG SOO's in and . By 2023, mm2 consolidated its live entertainment operations under a new wholly-owned subsidiary, mmLive, transferring its UnUsUaL equity to this entity to promote and organize across , anticipating a post-pandemic rebound in the sector. Beyond concerts, mm2's live events portfolio includes theater productions, corporate events, and sponsorships in live formats, often tied to its affiliates like UnUsUaL, which organizes fan meets, music festivals, and private events for corporate clients. For instance, UnUsUaL has handled high-profile music festivals and tailored corporate gatherings featuring acts, integrating sponsorships from partners to enhance brand visibility. These activities expanded regionally, with mmLive driving growth in markets like and through targeted event promotions. To bolster its footprint, mm2 pursued key partnerships, including a investment of HK$19 million in exchangeable bonds with Unipact Entertainment and Productions (Unipact HK), Hong Kong's largest concert organizer, aiming to co-produce tours and events in and . This collaboration deepened in subsequent agreements to create one of Asia's largest live networks, focusing on tours and venue . mm2 has increasingly integrated live events with streaming to create formats, combining in-person experiences with online access for broader audiences. A notable example is the 2020 " Life Story Online Live Concert," co-presented by mm2 Entertainment and , which streamed performances during restrictions to engage global viewers. This approach evolved with a 2024 memorandum of understanding (MOU) between mm2 and 17LIVE, a leading platform, to co-develop events that blend physical concerts with broadcasts, enhancing through ticketing and sponsorships. Such integrations position mm2's live segment as a growth area, with mmLive emphasizing scalable models post-2015 expansions via affiliates. The temporarily disrupted operations, as referenced in broader financial challenges, but the sector has since recovered to pre-pandemic levels in key markets.

Cinema exhibition

Cathay Cineplexes operations

mm2 Entertainment acquired Cineplexes from Organisation in November 2017 for S$230 million, gaining control of eight cinema locations across and the brand name. As mm2's primary cinema exhibition arm in Singapore, Cathay Cineplexes operated as an integrated platform to promote the company's productions, hosting screenings, special events, and premium experiences until its closure. The chain featured Platinum Movie Suites with plush recliner seating and in-cinema dining options for enhanced viewer comfort, alongside a REBEL loyalty program that rewarded frequent patrons with discounts and perks. At its peak post-acquisition, it managed multiple venues including The Cathay, Causeway Point, and Parkway Parade, contributing to mm2's by providing direct distribution channels for its content. To support local filmmaking, Cathay Cineplexes launched the "Go Local Go Cinema" initiative in 2019 in partnership with mm2 Entertainment, offering free tickets to and permanent residents for at least three homegrown films produced by the company, screened exclusively at its locations to boost audience engagement with mm2's content. Cathay Cineplexes faced mounting operational challenges amid post-pandemic recovery and competition from streaming services, leading to progressive closures: six locations shuttered between 2022 and 2025, leaving only four outlets (, Downtown East, Century Square, and Clementi) by mid-2025. On , 2025, the chain entered voluntary liquidation after failed creditor negotiations, ceasing all operations and significantly impacting Entertainment's exhibition revenue stream, which had relied on for localized content promotion and returns.

Other cinema ventures in Asia

In 2015, mm2 Entertainment expanded its cinema exhibition footprint into by acquiring the business operations of Cathay Cineplexes at two key locations: Cathay Cineplex Damansara in and Cathay Cineplex City Square in , for a total of RM40 million. These venues, with a combined 30 screens, primarily screened regional blockbusters and international films to cater to urban audiences seeking premium viewing experiences. That same year, further strengthened its Malaysian presence through the acquisition of Mega Cinemas Management Sdn Bhd, which operates three cineplexes in , , and , adding 13 screens focused on affordable ticket pricing to broaden accessibility for middle-class and suburban moviegoers. This move complemented the acquisition by diversifying mm2's portfolio toward value-oriented screenings while maintaining high occupancy through targeted programming of local and pan-Asian content. In September 2016, integrated the operations of Fivestar Cinemas, acquiring 13 locations across with approximately 90 screens, which elevated the group to the fourth-largest cinema operator in the country by screen count. This expansion emphasized multiplexes in secondary cities, supporting a mix of mainstream releases and Southeast Asian titles to drive footfall in underserved markets. Collectively, these Malaysian ventures enabled to leverage synergies with its regional film distribution arm, facilitating exclusive premieres and cross-promotional events that enhanced revenue from bundled content exhibition. By 2017, 's Malaysian cinemas contributed to a network of 133 screens, underscoring their role in regional beyond . mm2's Malaysian cinema operations, branded as mmCineplexes, faced similar financial pressures from post-pandemic recovery and streaming competition, leading to the of all outlets. On September 23, 2025, the chain entered creditors' voluntary liquidation under its parent mm2 Screen Management Sdn Bhd, ceasing operations across its 18 locations and approximately 133 screens, further diminishing mm2 Entertainment's exhibition capabilities in the region.

Notable productions

Feature films

mm2 Entertainment has been instrumental in producing and distributing feature films that resonate with Singaporean and broader Asian audiences, often focusing on local , humor, and historical narratives. The company's portfolio emphasizes and genres, drawing from everyday life and national milestones to foster . One of the most prominent successes is the trilogy (2012–2013), directed by and co-produced with Productions and other partners. This military comedy series follows young recruits navigating , blending humor with themes of and personal growth. The films set box office records in and , with the first installment grossing over S$6.2 million in alone, making it the highest-grossing local production at the time, while the trilogy cumulatively exceeded S$22 million across markets. In 2014, mm2 released The Lion Men, another Jack Neo-directed co-produced with Productions, featuring rival troupes in a tale of rivalry and reconciliation. The film, released in two parts (The Lion Men and The Lion Men: Ultimate Showdown), highlighted traditional Chinese and martial elements, appealing to family audiences in and regional markets. The Long Long Time Ago series (2016), also directed by and co-produced with Productions and Pictures, consists of two period dramas commemorating Singapore's 50th independence anniversary (SG50). Spanning the 1960s and 1970s, the films depict a family's struggles from life to urban resettlement, incorporating historical events like floods and economic shifts to underscore themes of and familial bonds. These narratives exemplify mm2's commitment to drama rooted in Singaporean history. In 2019, mm2 Entertainment announced plans for three local feature films under the "Go Local Go Cinema" initiative, in collaboration with Cathay Cineplexes, to promote Singaporean cinema and cultural storytelling.

Television series and programs

mm2 Entertainment has expanded into television production since the early 2010s, focusing on infotainment programs, reality formats, and dramas tailored for Singaporean and Malaysian audiences. These efforts include co-productions with local broadcasters such as ntv7 and StarHub TV, emphasizing cultural and lifestyle themes to appeal to regional viewers. Notable television series include the reality singing competition , for which mm2 acquired production rights in and in 2016, launching the inaugural season in 2017 as a co-production with and . The show featured blind auditions and live performances, drawing significant viewership across both markets and highlighting mm2's role in adapting international formats for local tastes. Another key example is the Malaysian Chinese drama , co-produced with in 2009 and aired starting in 2012, which explored family dynamics and intergenerational conflicts in a contemporary setting. Additionally, mm2 produced the Singaporean reality series I Am Filial in the early 2010s, a rewarding with a S$1 million prize, which gained popularity for its blend of entertainment and moral messaging before inspiring a theatrical . In recent years, has ventured into drama series through international co-productions, such as the upcoming adaptation of the bestselling book series Tales of , announced in 2023 in partnership with Taiwan's Man Man Er. This anthology-style series will focus on and narratives, with handling global distribution outside . These projects underscore 's strategy of collaborating with regional partners to create culturally resonant content. Post-2015, mm2 diversified into digital originals with the launch of its streaming platform mPlay Asia in 2020, targeting short-form content for online audiences. The service features original Chinese-language videos, typically 3-5 minutes long, covering , , and serialized stories uploaded weekly for and viewing. This initiative marked mm2's entry into digital-first production, complementing traditional TV by reaching younger demographics via mobile and web platforms. As of 2025, amid financial challenges, mm2 has shifted focus toward film distribution, including re-releases of international titles like animations, rather than new original television or digital productions. Through these television and digital endeavors, mm2 has broadened its portfolio beyond feature films, contributing to its growth as a multifaceted content creator in and enhancing revenue streams from serialized programming.

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