mm2 Asia: Upstart's ambitions signal strong growth potential
- mm2 is a service provider in the huge US$14.1b Asian film industry.
- The company boasts non-speculative revenue streams with production revenue (57% of FY16 revenue) being almost guaranteed once filming begins
- As it expands in the Greater China region, look out for larger production budgets (larger fees)
- Film production order book from Apr '16 to Sep '17 will see it produce 18 films in the GChina region or slightly under half of its total order book
- FY17 production titles: 20 vs FY16's 14
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