26 C
Vientiane
Wednesday, June 18, 2025
spot_img
Home Blog Page 506

TCTM Announces US$2.0 million Private Placement of Class A Ordinary Shares

BEIJING, April 7, 2025 /PRNewswire/ — TCTM Kids IT Education Inc. (NASDAQ: TCTM) (TCTM or the Company), a leading provider of IT-focused supplementary STEM education services in China, today announced that it has entered into share purchase agreements with certain investors on April 1, 2025. Under the share purchase agreements, the Company agrees to sell and issue an aggregate of 25,000,000 Class A ordinary shares of the Company for a total purchase price of US$2.0 million. The per share purchase price is approximately US$0.08, which is the closing sale price of the Companys American depositary shares (“ADSs) as reported by Nasdaq on March 31, 2025. Each ADS currently represents five of the Companys Class A ordinary shares.

Mr. Shaoyun Han, chairman of the Board., commented, The financing proceeds will support our expansion into the AI-driven medical software industry, further diversifying our business. We are pleased that investors have confidence in our strategic initiatives and expansion plans. Looking forward, we will continue to execute our strategic plans and strive to create long-term value for our investors.

The closings of the transactions are subject to the satisfaction of customary closing conditions and are expected to take place no later than April 7, 2025. The investors have each agreed not to sell, transfer or dispose of any securities acquired in the transactions for 180 days after their respective closing dates.

The foregoing description of the private placement and the share purchase agreement does not purport to be complete and is qualified in its entirety by the full text of the form of share purchase agreement attached as an exhibit to a Current Report on Form 6-K to be filed with the U.S. Securities and Exchange Commission.

The sale and issuance of the Class A ordinary shares are exempt from registration under the Securities Act of 1933, as amended (the Securities Act) pursuant to Section 4(a)(2) of the Securities Act regarding transactions not involving a public offering and is made in reliance on, and in compliance with, Regulation D and/or Regulation S under the Securities Act, as applicable.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any offer, solicitation or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About TCTM Kids IT Education Inc.

TCTM is a leading provider of IT-focused supplementary STEM education services in China. Through its innovative education platform combining live distance instruction, classroom-based tutoring and online learning modules, TCTM offers IT-focused supplementary STEM education programs, including computer coding and robotics programming courses, etc., targeting students between three and eighteen years of age. Aiming to encourage “code to learn,” TCTM embraces the latest trends in STEM education and technology to develop children’s logical thinking and learning abilities while allowing them to discover their interests and potential.

Safe Harbor Statement

This current report contains forward-looking statements made under the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as will, expects, anticipates, future, intends, plans, believes, estimates, confident and similar statements. TCTM may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including any business outlook and statements about TCTMs beliefs and expectations, are forward-looking statements. Many factors, risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements.

TCTM Announces Entering into An Intangible Asset Purchase Agreement

BEIJING, April 7, 2025 /PRNewswire/ — TCTM Kids IT Education Inc. (NASDAQ: TCTM) (“TCTM” or the “Company”), a leading provider of IT-focused supplementary STEM education services in China, today announced that it has entered into an intangible asset purchase agreement with Jeethen International Co., Limited (“Jeethen”) on April 1, 2025 (the “Agreement”). Under the Agreement, the Company will acquire from Jeethen core algorithms and related software and hardware systems for brain-computer interfaces, valued at US$10.85 million. As consideration, the Company agrees to issue 135,625,000 Class A ordinary shares of the Company to Jeethen. The number of Class A ordinary shares to be issued was determined by dividing the total consideration of US$10.85 million by the per share purchase price of approximately US$0.08, the closing sale price of the Company’s American depositary shares (“ADSs”) as reported by Nasdaq on March 31, 2025. Each ADS currently represents five of the Company’s Class A ordinary shares.

Mr. Shaoyun Han, chairman of the Board., commented, “This transaction is a critical step of the Company’s business strategy of expansion into the AI-driven medical software industry, further diversifying our business. We anticipate meaningful revenue growth, improved profit margins and believe this purchase will serve as a powerful catalyst for long-term value creation.” The closings of the transactions are subject to the satisfaction of customary closing conditions and are expected to take place no later than April 7, 2025.

About TCTM Kids IT Education Inc.

TCTM is a leading provider of IT-focused supplementary STEM education services in China. Through its innovative education platform combining live distance instruction, classroom-based tutoring and online learning modules, TCTM offers IT-focused supplementary STEM education programs, including computer coding and robotics programming courses, etc., targeting students between three and eighteen years of age. Aiming to encourage “code to learn,” TCTM embraces the latest trends in STEM education and technology to develop children’s logical thinking and learning abilities while allowing them to discover their interests and potential.

Safe Harbor Statement

This current report contains forward-looking statements made under the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. TCTM may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including any business outlook and statements about TCTM’s beliefs and expectations, are forward-looking statements. Many factors, risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements.

Prime Focus Technologies Strengthens Presence in Malaysia with Tiara Vision Partnership

LOS ANGELES, April 7, 2025 /PRNewswire/ – Prime Focus Technologies (PFT), the creator of CLEAR® and a global leader in AI-led media solutions, today announced a strategic partnership with Tiara Vision in Malaysia. This alliance marks a significant step in PFT’s commitment to delivering cutting-edge technology solutions to media and entertainment companies in Malaysia and across Southeast Asia.

“As media companies in the region rapidly evolve, they need future-ready solutions that accelerate workflows, reduce manual effort, and unlock faster monetization,” said Patricio Cummins, SVP and Global Head of Technology Sales, Prime Focus Technologies. “Together with Tiara Vision, we’re excited to bring the power of CLEAR® — with its AI Agents, Applications, and Agentic Platform Orchestration — to help transform content operations across Malaysia.”

“We are excited to partner with Prime Focus Technologies and bring their globally recognized CLEAR® platform to Malaysia,” said Ahmad Danial, Project Director, Tiara Vision. “This partnership aligns with our mission to deliver innovation-led solutions to our clients. With PFT’s AI-powered media capabilities and our local expertise, we aim to empower Malaysian broadcasters and content companies to thrive in the digital era.”

PFT will showcase these innovations at NAB Show 2025, Booth #W2255, offering live demonstrations of how AI-led orchestration is revolutionizing content operations at scale.

About Tiara Vision
Tiara Vision is a leading broadcast and communications system integrator in Malaysia, with over two decades of experience delivering innovative solutions across broadcast, IT, and media infrastructure. Known for its consultative approach and technical depth, Tiara Vision has been a trusted partner to broadcasters and media companies driving digital transformation in Malaysia and Southeast Asia.

For more information, visit: www.tiaravision.com

About Prime Focus Technologies
Prime Focus Technologies (PFT) is the creator of CLEAR®. It offers streaming platforms, studios, and broadcasters AI technology and media services powered by the cloud that help them enable creativity, efficiency, and, most importantly, revenue generation. PFT works with leading companies like Channel 4, ITV, Sinclair Broadcast Group, A&E Networks, Warner Bros. Discovery, Paramount, Crunchyroll, Insight TV, JioStar, BCCI, Tegna, Amazon MGM Studios, and more.

For more information, visit: www.primefocustechnologies.com

Press Contact:
T Shobhana
Senior Vice President and Global Head of Marketing
Prime Focus Technologies
Los Angeles, CA
t.shobhana@primefocus.com

Over 250 million people worldwide unaware they have diabetes, according to new research from the International Diabetes Federation (IDF)

New estimates from the IDF Diabetes Atlas highlight the growing diabetes threat, with nearly one in nine adults now living with the condition.

BRUSSELS, April 7, 2025 /PRNewswire/ — Globally, nearly one in nine adults (589 million) are now living with diabetes. Of these, an estimated 252 million are not yet aware they have the condition, placing them at higher risk of serious complications and early death. Many will be diagnosed when they already have one or more of the associated complications and have missed opportunities to prevent or delay their onset. These alarming findings are from the 11th edition of the International Diabetes Federation’s Diabetes Atlas, released today at the start of the organisation’s World Diabetes Congress in Bangkok, Thailand.

The latest IDF estimates show that:

  • 589 million adults (20-79 years) are living with diabetes globally, more than the population of the U.S., Canada, Mexico, and the Caribbean combined.
  • The estimated number of adults with diabetes is projected to reach 853 million by 2050.
  • 3 in 4 adults with diabetes live in low- and middle-income countries (LMICs).
  • Diabetes is responsible for over 3.4 million deaths annually.
  • 1 in 8 adults are at high risk of developing type 2 diabetes.
  • 1.8 million children and young adults under 20 are living with type 1 diabetes.

As the number of people living with diabetes continues to rise, the latest IDF Diabetes Atlas emphasises the urgent need for improved prevention, early detection and intervention to tackle the burden diabetes places on individuals, communities, health systems and economies. In 2024, global diabetes-related health expenditure surpassed one trillion US dollars for the first time, up from $966 billion in 2021.

First published in 2000, the IDF Diabetes Atlas offers insights into the impact of diabetes at national, regional, and global levels, based on the best available evidence. The 11th edition reflects new methodologies that incorporate trends in health expenditure, regional prevalence rates, and a focus on undiagnosed diabetes.

Commenting on the new edition, Professor Dianna Magliano, who co-Chairs the IDF Diabetes Atlas Committee along with Professor Edward Boyko, said: “The new data provides strong evidence that should spark action and promote initiatives to improve the lives of the many millions now living with diabetes and encourage more to detect diabetes in those at risk.” Professor Boyko added: “Addressing the rising trend will require greater awareness, a focus on prevention and ongoing surveillance of diabetes prevalence to support accurate monitoring of the global diabetes impact.”

Diabetes is associated with serious complications, such as cardiovascular diseases, kidney failure, nerve damage and loss of vision. The latest data shows that people living with type 2 diabetes, which accounts for over 90% of all diabetes, are at 84% higher risk of heart failure than people who do not have the condition.

The International Diabetes Federation warns that the alarming rise in the prevalence of diabetes demands immediate action. Governments should invest in preventive healthcare programmes, especially in regions where diabetes is often undiagnosed, to detect people at high risk early and help delay or avoid the onset of diabetes and its related complications.

Speaking at the launch, IDF President Professor Peter Schwarz said: “The findings underscore an urgent need for bolder national and global action to tackle diabetes. With over 4 in every 10 people with diabetes not yet diagnosed, governments must prioritise screening, early diagnosis, and education. Addressing the rising tide of diabetes will demand collaboration across multiple sectors and disciplines. Governments, the healthcare sector, education, technology and the private sectors all have a role to play. The consequences of ignoring or not paying sufficient attention to the diabetes challenge are too significant. Inaction in the face of this pandemic is not an option.”

To explore the global, regional and national findings presented in the IDF Diabetes Atlas 11th Edition, visit https://diabetesatlas.org/.

About the International Diabetes Federation

The International Diabetes Federation (IDF) is an umbrella organisation of over 240 national diabetes associations in more than 160 countries and territories. Its mission is to improve the lives of people with diabetes and prevent diabetes in those at risk. www.idf.org.

About the IDF Diabetes Atlas

The IDF Diabetes Atlas is the authoritative resource on the global impact of diabetes. First published in 2000, it is produced by the International Diabetes Federation (IDF) in collaboration with a global committee of scientific experts. It contains statistics on diabetes prevalence, diabetes-related mortality and health expenditure at the global, regional and national levels. The 11th edition has been produced thanks to educational grants from Sanofi, Novo Nordisk and MSD. https://diabetesatlas.org/.

 

SS&C Strengthens Middle East Business with Saudi Arabia Office

WINDSOR, Conn., April 7, 2025 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced an expansion of its global footprint by opening a new office in Riyadh, Saudi Arabia. The office will enable SS&C to forge new relationships and work more closely with the Capital Markets Authority and the Saudi Arabian Monetary Agency. 

SS&C’s Middle East business serves 850 financial institutions and corporate clients; 150 of these clients are in Saudi Arabia. SS&C offers leading software and services solutions across investment management, risk management, automation and deal services. Issa Jadon, Director, will lead the new office.

“We are excited to extend our business in Saudi Arabia,” said Bill Stone, Chairman and CEO. “With more than $3 trillion in investments likely under Saudi Arabia’s Vision 2030 economic transformation program, the Kingdom’s financial services market is expanding rapidly.  SS&C leads with world-class technology, service, and deep knowledge of local markets and regulations.”

“We are pleased to see SS&C strengthen their presence here,” said Abdullah Al-Eisa, COO at Jadwa Investment, SS&C’s long-time client in Saudi Arabia. “As their client for nearly two decades, we’ve experienced first-hand their innovative technological solutions, which have helped transform our investment operations. Establishing a new office in Riyadh signals a new chapter in our partnership, offering us more localized and tailored services.”  

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. More than 22,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
Follow SS&C on Twitter, LinkedIn and Facebook.

 

World Health Day Focus: Yeast Protein for Muscle Gain Unveiled through Scientific Clinical Trials

YICHANG, China, April 7, 2025 /PRNewswire/ — In recognition of World Health Day 2025, themed “Healthy Beginnings, Hopeful Futures,” Angel Yeast (SH600298), an innovation-driven global biotechnology brand, is championing inclusive health solutions that transcend gender, age, and geography. At the heart of this commitment is its breakthrough Yeast Protein, a sustainable and scientifically proven nutritional solution designed to support muscle health, enhance overall wellness, and promote long-term vitality for people of all backgrounds.

World Health Day Focus: Yeast Protein for Muscle Gain Unveiled through Scientific Clinical Trials
World Health Day Focus: Yeast Protein for Muscle Gain Unveiled through Scientific Clinical Trials

Aligned with the World Health Organization’s call to build healthier foundations for all communities, Angel Yeast is encouraging the incorporation of yeast protein into everyday diets—via shakes, bars, or functional foods—as a complete, ethical, and eco-friendly protein source that empowers healthier lifestyles and more resilient futures worldwide.

Yeast Protein for Muscle Gain: A New Fitness Choice Revealed by Scientific Clinical Trials

With the rise of fitness trends, an increasing number of people are focusing on scientifically proven methods to build muscle and enhance athletic performance. Among various nutritional supplements, yeast protein is emerging as a popular choice for fitness enthusiasts due to its unique nutritional value and scientifically validated benefits. Today, we explore the research behind yeast protein’s role in muscle growth and uncover its remarkable advantages.

Yeast protein is a high-quality natural protein derived from Saccharomyces cerevisiae (brewer’s yeast). It contains all essential amino acids required by the human body, with a balanced amino acid profile that ensures efficient absorption and utilization. Notably, yeast protein boasts high biological value, safety, sustainability, and eco-friendliness, making it widely applicable in both conventional and functional foods.

Scientific Breakthrough: Yeast Protein Rivals Whey in Muscle Support

A recent double-blind, randomized, placebo-controlled trial conducted by Australia’s RDC Clinical Institution yielded promising results regarding yeast protein’s efficacy in muscle building. The study involved 79 healthy adult males, who were divided into three groups: a yeast protein group, a whey protein group, and a placebo group. Over eight weeks, participants consumed 40 grams of their assigned protein daily (20g twice per day) while engaging in resistance training three times per week.

Results showed that both the yeast protein and whey protein groups achieved significant improvements in muscle mass and strength compared to the placebo group. Specifically, the yeast protein group demonstrated exceptional gains in trunk and total lean muscle mass, along with unique advantages in reducing diastolic blood pressure and enhancing muscular endurance. These findings suggest that yeast protein is comparable to whey protein in promoting muscle growth and athletic performance, with certain superior attributes.

A Sustainable and Inclusive Choice for Global Health

Complete Amino Acid Profile: Yeast protein provides all essential amino acids in balanced proportions, meeting comprehensive nutritional needs for muscle repair and growth.

  • High Digestibility: While yeast protein is digested more slowly than some proteins, its ultimate digestibility matches that of soy protein and surpasses many plant-based alternatives. This slow digestion prolongs satiety, making it ideal for meal replacements.
  • Eco-Friendly Production: Unlike resource-intensive agricultural or livestock farming, yeast protein production has a lower environmental footprint, aligning with sustainable practices.
  • Broad Applicability: Suitable for fitness enthusiasts and older adults alike, yeast protein offers robust nutritional support to help achieve muscle-building and performance-enhancement goals.

If you plan to incorporate yeast protein into your regimen for muscle gain or improved performance, consider the following recommendations:

  • Optimal Dosage: Based on clinical trial results, a daily intake of 40 grams of yeast protein is recommended. Divide this into two 20g servings, ideally consumed after breakfast and lunch.
  • Combine with Exercise: Yeast protein’s benefits are most pronounced post-workout. Consume it immediately after resistance training to maximize muscle recovery and growth.
  • Maintain a Balanced Diet: Alongside yeast protein supplementation, ensure adequate intake of carbohydrates, fats, and other nutrients to support overall health and athletic performance.

As a premium natural protein source, yeast protein is gaining prominence in the fitness and nutrition industries. Supported by rigorous clinical trials, it has demonstrated significant efficacy in boosting muscle mass and athletic performance. For those seeking a safe, effective, and environmentally friendly supplement to achieve fitness goals, yeast protein stands out as a compelling option. Embrace science-backed strategies to unlock a healthier, stronger version of yourself.

WeBank Technology Services Launches Value Exchange Infrastructure to Boost Hong Kong’s Web3 Ecosystem

HONG KONG, April 7, 2025 /PRNewswire/ — At the Hong Kong Web3 Festival 2025, Henry Ma, Executive Vice President and Chief Information Officer of WeBank, as well as Director of WeBank Technology Services, unveiled a blockchain-based inter-institutional “value exchange infrastructure” solution aimed at supporting the prosperity of Hong Kong’s Web3 ecosystem. As Hong Kong actively integrate Web3 into its traditional financial system, this solution, with a balance among efficiency, security, and compliance, strives to accelerate the implementation of innovative and regulated use cases such as stablecoins and real-world asset tokenization (RWA).

Henry Ma unveiled a blockchain-based inter-institutional "value exchange infrastructure" solution
Henry Ma unveiled a blockchain-based inter-institutional “value exchange infrastructure” solution

In recent years, Hong Kong has introduced a series of policies to guide the compliant development of Web3 and to attract global fintech institutions to actively engage in the Hong Kong Web3 ecosystem. As institutional trading models continue to evolve, the expanding market scale has begun to expose limitations in the current Web3 trading framework, making it increasingly difficult to meet the diverse needs of value exchange between institutions.

Ma analyzed the pain points of four existing models: (1) A single Layer 1 blockchain cannot support virtual assets other than its native cryptocurrency. (2) Over-the-counter (OTC) trading heavily relies on the credibility of counterparties. (3) Decentralized exchanges require assets wrapped from multiple chains onto a single chain, which reduces asset liquidity. (4) Centralized exchanges require users to relinquish control of their private keys, while user experience has to compromise with the complex trading processes.

Is there a feasible solution that balances the needs for efficiency, security, and compliance? Ma suggested the necessity of a common infrastructure to support the access of different types of assets, ensure transaction and asset security through an “atomic swap[1]” mechanism, and establish access protocols to ensure that both parties involved in transactions are compliant, licensed institutions within a regulated framework.

To implement this vision, blockchain technology serves as the backbone. Ma advocates that by returning to the core principles of blockchain technology, we can fully leverage its role as a trust machine and build a secure and reliable infrastructure for value exchange.

At the conference, WeBank Technology Services officially launched POTOS (Portal of the Orient Symposium for Web3), a blockchain infrastructure designed for Hong Kong’s Web3 ecosystem. At its initial stage, POTOS focuses on a “value exchange infrastructure” solution that provides three layers of assurance for institutional value exchange: (1) a high-performance underlying chain is built to connect different types of assets. (2) Trusted cross-chain protocols and smart contracts are introduced to enable atomic exchanges of assets across multiple chains between institutions. (3) Technologies such as multi-group structures and zero-knowledge proofs are integrated to create “value exchange group,” ensuring transaction security and regulatory compliance.

“We hope that this value exchange evolution, driven by the ‘trust machine,’ can truly solidify the foundation of trust for the advancement of Hong Kong’s Web3 ecosystem,” said Ma. He emphasized that WeBank Technology Services, a wholly-owned subsidiary of WeBank in Hong Kong, will continue to leverage WeBank’s extensive experience in the blockchain sector to support Hong Kong in upgrading its value exchange infrastructure. This effort aims to attract more institutions to position Hong Kong as a hub for compliant and innovative Web3 practices.

The technical foundation of POTOS comes from the FISCO BCOS blockchain platform, an open-source initiative led by WeBank. POTOS inherits its financial-grade performance and openness that define its core capabilities. Since its full open-sourcing in 2017, the platform has demonstrated a single-chain processing capacity of up to 200,000 TPS while supporting horizontal scalability. It has been successfully applied in over 500 digital transformation projects, including the “Shenzhen-Hong Kong Cross-border Data Verification Platform,” establishing an open-source community that includes more than 5,000 institutions and over 100,000 individuals. FISCO BCOS has become a de facto standard for blockchain technology.

About WeBank Technology Services

Launched in Hong Kong in June 2024, WeBank Technology Services sets out to leverage WeBank’s cutting-edge fintech capabilities and digital finance best practice to deliver a variety of superior digital finance and digital infrastructure solutions to digital banks, financial institutions, government agencies, and industry partners worldwide. In October 2024, WeBank Technology Services joined the Hong Kong Monetary Authority’s Ensemble framework working group, offering blockchain technology support to drive innovation and development in Hong Kong’s tokenization market.

About WeBank

Launched in 2014, WeBank Co., Ltd. (“WeBank”) is the first digital bank in China. WeBank provides convenient financial services to micro-, small- and medium-sized enterprises (MSMEs) and the public, and continuously improves the quality of services in response to customers’ specific needs. WeBank has served over 420 million retail customers and 5.8 million enterprises. As a digital bank, WeBank focuses on innovation and technology, and leads the industry in core technologies such as artificial intelligence (AI), blockchain, cloud computing, and big data.

[1] Atomic Swap is an asset exchange mechanism based on blockchain technology. It ensures that cross-chain asset exchanges are completed simultaneously, akin to a face-to-face cash-and-goods exchange, effectively eliminating the risk of counterparty default.

 

Fremantle Selects Prime Focus Technologies and Amazon Web Services to Build its Global Content Supply Chain

LOS ANGELES, April 7, 2025 /PRNewswire/ — Fremantle today announced it has selected Prime Focus Technologies (PFT) and Amazon Web Services (AWS) to build a future-proof, scalable, global content supply chain platform that adapts to the evolving demands of the industry.

The platform will seamlessly unify Fremantle’s operations across markets, provide real-time visibility into content workflows, and enable faster time-to-market and commercialization of assets to drive Fremantle’s digital transformation. The platform, which is being built on AWS, will use the latest cloud technologies, and will benefit from the scalability, security, and flexibility enabled by cloud computing. Fremantle will also use PFT’s flagship solution, CLEAR® Smart MAM, as part of the platform, which is also built on AWS. CLEAR®’s agentic AI capabilities will help Fremantle enrich content with contextual metadata, streamline workflows, and enhance efficiencies across its content operations.

Jens Richter, CEO Commercial and International, Fremantle said: “A robust content supply chain that will cater to the dynamic business requirements of monetizing content is paramount, and we look forward to working with PFT and AWS to see what we can achieve together. This collaboration will provide us with the agility, visibility, speed and scalability required across Commercial and International, Digital and Global channels to streamline our media supply chain and digital processes.”

Ramki Sankaranarayanan, Founder and Global CEO of Prime Focus Technologies said: “Our offering is designed to meet the most demanding needs of global content studios like Fremantle. We’re thrilled to partner with them on this transformative journey and enable their vision of a modern, AI-powered supply chain that fuels creativity and revenue.”

Andy Stephenson, Head of Broadcast, Media, and Sport, UK, at AWS said: “We are proud to support Fremantle on its digital transformation journey. By harnessing technologies like cloud computing and AI, Fremantle will be able to drive innovation across its business, scale quickly, easily, and securely, and extract new value from its content.”

The project will be overseen by Thalia Crone, Global Head of Media Supply Chain Operations, Fremantle. Fremantle’s Commercial and International division is responsible for maximizing the commercial value of Fremantle content. From selling content to international broadcasters and platforms, selling Fremantle formats, publishing content to digital platforms, and setting up and managing all Fremantle direct-to-consumer channels.

About Fremantle
Fremantle is a leading global creator, producer and distributor of some of the world’s most successful content across Entertainment, Drama & Film, and Documentaries.   

Amplifying local stories on a global scale, Fremantle produces and delivers premium, multi-genre IP across the 27 territories it operates in. Fremantle is a proudly independent group of content creators, and home to some of the biggest entertainment formats, compelling international dramas, award-winning films and high-quality documentaries.  

From Got Talent to Sullivan’s Crossing,Family Feud to Poor Things, Fellow Travelers to Queens, Too Hot To Handle to Big Mood, Maxton Hall to Idols, and Queer to The Zelensky Story, our focus is simple – Fremantle creates and delivers irresistible entertainment.      

Fremantle also represents world-leading digital and branded entertainment, with more than 550 million fans and 360 billion views for its standout content across all platforms. Fremantle’s Global Channels unit consists of more than 20 FAST channels worldwide, including Buzzr, Rig TV, and Baywatch.  

Fremantle is part of RTL Group, a global leader across broadcast, streaming, content and digital, itself a division of the international media, services, and education company Bertelsmann.      

For more information, please visit www.fremantle.com, follow Fremantle on Twitter @FremantleHQ and Instagram @fremantle or visit Fremantle’s LinkedIn page. 

Media Enquiries:
Catherine New: catherine.new@fremantle.com | +447386655932

About Prime Focus Technologies
Prime Focus Technologies (PFT) is the creator of CLEAR®. It offers streaming platforms, studios, and broadcasters AI technology and media services powered by the cloud that help them enable creativity, efficiency, and, most importantly, revenue generation. PFT works with major companies like Channel 4, ITV, Sinclair Broadcast Group, A&E Networks, Warner Bros. Discovery, Paramount, Crunchyroll, Insight TV, JioStar, BCCI, Tegna, Amazon MGM Studios, and more.

For more information, visit: www.primefocustechnologies.com

Press Contact

T Shobhana
Senior Vice President and Global Head of Marketing
Prime Focus Technologies
Los Angeles, CA
t.shobhana@primefocus.com