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TCL STUDIOS PRESENTS FILM SLATE FROM FIRST EVER TCL FILM MACHINE AI DEVELOPMENT PROGRAM
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Five Film Shorts to World Premiere at the TCL Chinese Theater on Nov 19
All Films will Launch on the TCLtv+ Streaming Service Beginning Dec 12
NEW YORK and LOS ANGELES, Nov. 12, 2024 /PRNewswire/ — TCL Studios, the new global production hub for TCL’s flagship streaming service, TCLtv+, today announced the development slate from its first-ever AI TV/FILM accelerator program, FILM MACHINE. The five films will debut at the TCL Chinese Theater on November 19. The theatrical debut of the films will be followed by their launch on TCLtv+ beginning December 12. TCLtv+ is the flagship streaming service offered by leading consumer electronics company, TCL. It is currently available on TCL Roku TV and all Roku devices, TCL Google TV, and TCL Fire TV, as well as through the app store. The films will be promoted and featured prominently on TCLtv+.
The TCL FILM MACHINE program was developed by Haohong Wang, General Manager of TCL Research America, Chris Regina, Chief Content Officer, TCL North America, and Daniel Smith, TCL Chief Creative Officer. In making the initial announcement, Wang said, “The ‘Film Machine’ program was designed to build new pathways for creatives to find success in the industry and help shape the future of storytelling.” He added, “We wanted to showcase AI as a catalyst for innovation and creative collaboration, and we are astonished at the creative heights achieved by these filmmakers.”
The TCL FILM MACHINE program is a key pillar of TCLArt, an important brand initiative of TCL to make art more accessible and inspiring worldwide. Standing for “The Creative Life”, the brand of TCL fosters creativity across its wide-ranging product portfolio, from TVs and smartphones to smart home devices. TCLArt serves as a platform to fulfill this commitment. By blending AI film technology via TCL product offerings, TCLArt aims further to inspire the artists of tomorrow in the film sector.
The five film shorts were helmed by industry creatives selected by TCL for the inaugural program. The five finalists, George Huang (Writer/Director), Paul Johansson (Actor/Writer/Director), Kellita Smith (Actress/Model/Comedian), Chen Tang (Actor), and Kurt Yaeger (Actor/Writer) were chosen based on their passion for learning, desire to implement AI into future Hollywood projects, their unique and creative perspectives, and their professional background. The TCL Studios teams supported each filmmaker using the most advanced AI tools and technology for storyboarding, animating, scoring, and editing. The pipeline program provided customized development, financial and production support to each creative, resulting in a truly unique bespoke slate of films.
The TCL leadership team executive produced each of the films and was supported by award filmmaker Dave Clark, an early pioneer in the use of AI in TV and Film. Clark was an invaluable asset to the TCL teams for his unique perspective and problem-solving skills. Clark will Keynote the TCL screening event.
Film Machine Film development slate:
FILM MACHINE PROJECT: THE AUDITION
Writer/Director George Huang leaned into comedy for his Film Machine film short. THE AUDITION features an actor performing the impossible to fit the director’s illogical vision for the role.
Credits:
Writer, Director, EP: George Huang
Cast: Roger Fan, Alexandra Barreto, Garrett Boudreaux
FILM MACHINE PROJECT: THE SLUG
Actor Chen Tang leaned into the Horror genre for his film Machine film short. THE SLUG explores the life of a woman suffering from debilitating disease who goes through a dynamic transformation as result of her home confinement.
Credits:
Writer, EP, Director: Chen Tang
Writer, EP: Rachel Greenhoe
FILM MACHINE PROJECT: PROJECT NEXUS
Actress/Model/Comedian Kellita Smith leaned into Sci-Fi for her animated film short. She drew from experiences in her community to offer the story of four misfit teens – each with a troubled past – discover they’ve unknowingly been part of an accident in prison that gave them superhuman gifts. Gifts that could ignite a revolution and change things…if they manage to escape with their own lives.
Credits:
Writer, EP, Director: Kellita Smith
Writer: Tony Bracy, Carlos Dixon, Eric Smith, Kellita Smith
Cast: Arianna Smith “CAPRI”; Carlos Dixon “CRUSH”; Christian Barron “TANG”;
Matthew Cecil “Sunny “D”; Eric Smith “JUDGE”; Tony Bracy “Officer”; Walter Franks “MENTOR”.
Narrator – Walter Franks
FILM MACHINE PROJECT: SUN DAY
Actor/Writer/Director Paul Johansson leaned into Sci-Fi for his film short. The story opens as a young girl wins a lottery that grants her the exclusive access to a rooftop view of the sun atop a giant building thousands of stories high. The event only happens once every 7 years on her planet, and she is locked in a room on the day of the event. Using the knowledge shared by her father, a maintenance worker, she must navigate the inner workings of the building to escape the room and race against the clock to the rooftop to see the sun.
Credits:
Writer, Director, EP: Paul Johansson
Cast: Rockie Frigerio, Paul Johansson
FILM MACHINE PROJECT: THE BEST DAY OF MY LIFE (WT)
Producer/Writer/Actor Kurt Yaeger crafted a docufiction mountaineering story that delves into a tragic, harrowing event—one that many would assume marks the end of a life, yet often proves to be a profound and uplifting beginning instead.
Credits:
Writer, Director, EP: Kurt Yaeger
Cast: Neil Hoover
Chris Regina added, “The TCL Film Machine program exemplifies TCLArt’s vision of blending cutting-edge technology with artistic expression to foster creativity on a global scale. This is a pivotal moment of realignment in the industry, and TCL is leading the way in demystifying the use of AI tools through our production initiatives. We were honored to welcome all the talented and intrepid visionaries to our TCL Studios. This group of creatives represents the very best of the entertainment industry and their experience and expertise will further strengthen our mission to enhance and advance content creation. We can’t wait for you to see this extraordinary slate of films.”
Daniel Smith said, “These last few months have seen an explosion of profound creativity with many challenges and obstacles, but imagination and determination helped drive us forward. We are so excited to show off these brilliant projects in this celebrated venue.”
Film Machine Bios:
About George Huang
George Huang began his Hollywood career working as an assistant for Paramount Pictures, Universal, Warner Brothers, Disney, and Columbia. He turned a decade of experience fetching coffee into his writing/directing debut, SWIMMING WITH SHARKS starring Kevin Spacey, Frank Whaley, Michelle Forbes, and Benicio del Toro. The 1995 low-budget independent film garnered awards from the Deauville Film Festival, Seattle International Film Festival, Independent Spirit Awards, and the New York Film Critics Circle. His next film is WEEKEND IN TAIPEI starring Luke Evans, Gwei Lun Mei and Sung Kang for EuropaCorp Pictures coming out November 8, 2024. George directed it and co-wrote it with Luc Besson. George is a professor at the UCLA School of Theater, Film and Television. George has worked on dozens of films and tv projects that include S.W.A.T., SPYKIDS, MACHETE, and LAW & ORDER: SVU. His wide range of experiences include Rock the Vote ads, Elijah Wood’s audition reel for LORD OF THE RINGS, and a Nike short film starring Kobe Bryant. He’s worked with acclaimed directors Robert Rodriguez, Luc Besson, and John Woo, as well as many first-time filmmakers and students.
About Chen Tang
Chen Tang began his acting journey while attending Emerson College in Boston with local and regional theater. He moved to New York to pursue a professional career in regional theater, television, and commercials, before finally landing in Los Angeles diving deep into film and television. He began to build a resume with roles in GREY’S ANATOMY, Amazon’s BOSCH, and ABC’s AGENTS OF S.H.I.E.L.D., among many others. Later, he starred as the supporting lead role of ‘Yao,’ a crude and tough, machismo-filled young soldier in Walt Disney Studio’s live action MULAN. Tang has been called by critics and audiences alike as being a “chameleon-like” actor on film and stage. He can most recently be seen reprising his series regular role in the Netflix/MAX series WARRIOR. From Bruce Lee Entertainment, Bruce’s daughter Shannon Lee, Justin Lin, director of the FAST AND FURIOUS franchise, and Jonathan Tropper, the series recently returned for a third season. In addition to acting, Chen has supported the Cambodian Children’s Fund, St. Jude Children’s Research Hospital, and the World Wildlife Fund for numerous years and lends his voice to the preservation of nature, wildlife, and the world’s oceans.
About Kellita Smith
Kellita Smith began her acting career in regional theater and has been working in the entertainment industry for over three decades, with credits spanning television and film. Her tv work includes featured and recurring roles on several iconic series including IN LIVING COLOR, NYPD BLUE, NASH BRIDGES, MARTIN, JAMIE FOX SHOW, and SISTER, SISTER, but Kellita may be best known for her role as Bernie Mac’s wife on FOX’s hit series THE BERNIE MAC SHOW. She received multiple nominations for the role of Wanda, which she played for over six years, and went on to perform in various Netflix and Syfy series and event specials. Kellita received another NAACP nomination for her work on the syndicated Byron Allen series THE FIRST FAMILY. In the film, Smith co-starred alongside Mo’Nique in HAIR SHOW, and later appeared in several films including CROSSING GUARD, HOUSE PARTY 3, FAIR GAME, KING’S RANSOM, ROLL BOUNCE and THREE CAN PLAY THAT GAME. She has been a writer/contributor to several magazines and has done voiceover work for public television’s WTTW. The award-winning actress received an NAACP Theatre Award for her role in the play FEELINGS and her various television roles garnered her multiple nominations throughout her career. She has several projects in development.
About Paul Johansson
Paul was nominated for Emmy Awards for writing and directing in the original Showtime movie THE INCREDIBLE MRS. RITCHIE starring Gena Rowlands. Paul and Gena won Emmys for their work.
Paul first directed the short film, CONVERSATIONS IN LIMBO, he then helmed several music videos and was asked by Nick Cassavetes to direct 2nd unit and all the flashback scenes in the film, YELLOW.
Paul directed 14 episodes of the series ONE TREE HILL, and several episodes of the Netflix hit series VAN HELSING, as well as ATLAS SHRUGGED: PART 1. As an actor, Paul co-starred in SOAPDISH before joining the casts of BEVERLY HILLS 90210, PARKER LEWIS CAN‘T LOSE, LONESOME DOVE: THE SERIES, HIGHLANDER: THE RAVEN, THE DISTRICT, MAD MEN, and starred in the hit ONE TREE HILL for nine years and 158 episodes. He has also guest starred on dozens of television series. His film credits include JOHN Q, ALPHA DOG, SHE’S SO LOVELY, THE NOTEBOOK, EDGE OF MADNESS, THE RIVER THIEF, BAD HOMBRES, CRYPTO, MUZZLE, DEAR ELEANOR, and GOD IS A BULLET. Currently, Paul has a large slate of projects in the works and is a founding member of 369 Film Finance Company which is actively financing multiple projects.
About Kurt Yaeger
Born in South San Francisco, Kurt Yaeger journeyed from professional athlete to dedicated hydrogeology researcher, pursuing a master’s degree, and investigating fluvial dynamics for dam removal projects with Berkeley Labs, until an accident altered his life’s trajectory. Kurt transitioned into the world of entertainment, where his career as a writer and actor flourished, and is now expanding to include producing and directing, Kurt is a proud member of the disabled community, fighting to make everyone understand the intrinsic value of a life well-lived with a disability. Through film and television, he strives to explore these themes with positivity and honesty. Kurt runs a production company, XA Endowment, that promotes positive portrayals of disability in films. XA is a film endowment that re-envisions how disabled talent is recognized and discovered. Kurt is a member of SAG/AFTRA (Performers with Disability Committee Member); Writers Guild of America (Writers with Disabilities Member), and Producers Guild Diversity Workshop Member
About Dave Clark
Dave Clark has pioneered the use of AI as a storytelling device in film, TV, and advertising. Regarded as one of the leading futurists, in the storytelling world, Clark is a writer/director passionate about telling stories from a dark, grounded, and human perspective in different genres. He has recently amassed millions of views for his groundbreaking viral AI directing work and is a sought-after voice for industry discussion about the use of AI tools to enhance development.
About TCLArt
TCLArt, launched by TCL in 2024, is a pioneering initiative that harnesses technology to make art more accessible and inspiring worldwide. By blending cutting-edge display innovations with artistic expression, TCLArt enhances art’s impact on society and fosters global creativity. Collaborating with renowned museums and showcasing at premier events, TCLArt embodies TCL’s mission to elevate everyday life through intelligent technology. Guided by TCL’s “Be Global, Be Caring, Be Tech” strategy, TCLArt transforms the world by fusing technology and boundless creativity.
About TCLtv+
TCLtv+ App is TCL’s dedicated ad supported streaming service that offers consumers in North America access to a wide array of entertainment, news, sports, and lifestyle programming. It provides viewers with a free and growing library of premium content from world-class content studios. In collaboration with creative partners who are also on the cutting edge of technology, TCL’s highly curated content offerings bring the next generation of TV viewing to audiences with a broader, more dynamic library of streaming channels. The expanding service now includes over 350 FAST Channels and – thousands of premium film and TV series. TCL is making significant advances using AI technology, as its TCL Studios continues to develop original content, further differentiating itself from other streamers and OEMs. TCLtv+ is currently available on TCL Roku TV and all Roku devices, TCL Google TV, and TCL Fire TV, and will soon be available on all TCL Connected TVs in the US and Canada. Visit the TCLtv+ website at TCLTVPLUS.com.
TCL Studios
TCL Studios is the new global production hub for TCL’s flagship streaming service, TCLtv+. It boasts a global team of animators, VFX experts and AI engineers, customizing the latest AI technology and empowering producers, writers, and actors to create premium television programs. The studio creates custom AI models and employs the latest technology including Stable Diffusion and others. The team hails from around the world pushing creative and enhanced storytelling by layering tech and high-quality design animation over traditional narrative.
Note: All unedited finalist bios are available on IMDb:
Follow TCLtv @tcltvplus X: @TCLtvplus Youtube: youtube.com/@TCLtvplus
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SOURCE TCLtv+
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Marketing Maven Founder and CEO, Lindsey Carnett, Named a Finalist for the Los Angeles Times’ B2B Publishing 2024 Inspirational Women Forum & Leadership Award
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November 14, 2024By
Carnett Cited for Work With The LA and NYC-Based Marketing and Public Relations Firm
LOS ANGELES, Nov. 13, 2024 /PRNewswire-PRWeb/ — Bicoastal, award-winning marketing and public relations firm Marketing Maven announced today that its founder and CEO Lindsey Carnett has been named a finalist by the Los Angeles Times’ B2B Publishing 2024 Inspirational Women Forum & Leadership Awards, presented by City National Bank, an BC Company.
The highly anticipated awards event, comprised of dynamic panel discussions featuring top business leaders with versatile backgrounds, will take place Thursday, November 14, 2024 at the InterContinental Los Angeles Downtown. The evening awards dinner will recognize accomplished female leaders from corporations and nonprofit organizations who have demonstrated noteworthy success and accomplishments during the last 24 months.
After the event, the LA Times will publish the Inspirational Women Magazine, available in print and online, that will feature profiles of the nominees, recaps of the panels and photos from the event.
The list of nominees: laiw-24-nominees.pdf (brightspotcdn.com)
Afternoon Forum Session – Forum with Buffet Lunch
11:30 a.m. – Registration & Networking Luncheon
12:30 p.m. – Panel Discussions begin
4:30 p.m. – Afternoon Session ends
Dinner Session – Awards Dinner with Fireside Chat
5:30 p.m. – Registration & Cocktail Reception
6:30 p.m. – Fireside Chat & Dinner
7:45 p.m. – Awards Program
8:30 p.m. – Evening Session ends
The afternoon panel discussions will explore key topics, including breaking risk aversion in women’s investing, achieving longevity and wellness, scaling businesses with innovative KPIs, building enduring brand legacies, and harnessing resilience to overcome challenges.
Speakers include Nicole Auyang, Senior Vice President, Head of Community Banking City National Bank; Elise Catherine Buik, President & CEO, United Way of Greater Los Angeles; Elizabeth English, Head of School, Archer School for Girls; Mellody Hobson, Co-CEO Ariel Investments; Maria Karvela, Co-Founder, DnaNudge; Miranda Kerr, Founder & CEO of KORA Organics, Health & Wellness Entrepreneur and Supermodel, KORA Organics; Talar Malakain, CMO, Phonexa; Amber Ortiz, Senior Vice President, Private Banking City National Bank; and Lara A. H. Shortz, Los Angeles Office Managing Partner and Employment Advice, Counsel & Executive Disputes Chair, Michelman & Robinson, LLP Diamond Sponsors include K1, La Croix, and Phonexa. Platinum Sponsors include Archer, DnaNudge, United Way of Greater Los Angeles, and Michelman & Robinson, LLP. The Gold Sponsor is Banc of California.
Lindsey Carnett is the Founder, CEO and President of Marketing Maven. She is a marketing and public relations professional who developed The Marketing Maven Method to simplify marketing by empowering leaders to make data-driven marketing decisions.
A two-time honoree of Inc. 5000 Fastest Growing Independently Owned Companies in America, as well as an Entrepreneur 360 Most Entrepreneurial Companies in America award recipient, Lindsey has taken her business expertise global to enlighten marketing peers and business leaders about best practices in using PR to drive engagement, improve organic SEO, and grow a positive online reputation.
Having spoken at high profile national marketing and consumer products conferences and guest lectured at universities, Carnett has gained the reputation as an expert in the field of marketing and public relations. Her areas of specialty include: Public Relations, Social Media, Reputation Management, Direct Response Marketing, U.S. product launches, SEO, Influencer Marketing and Digital Advertising.
A graduate of the Goldman Sachs 10,000 Small Businesses program and member of VISTAGE, Women Presidents’ Organization, Exceptional Women Alliance and W Source, Lindsey also serves as Faculty for California Lutheran University’s Center for Nonprofit Leadership, a Director on the Board of the West Ventura County Business Alliance, the California Lutheran University Community Leaders Association, St. John’s Healthcare Foundation Board, a committee member on the E-Commerce Council for the Performance-Driven Marketing Institute (PDMI), Advisory Board Member to University of California, Santa Barbara Women in Leadership Program, Occupational Advisory Committee for Ventura Adult and Continuing Education (VACE), and serves as Advisory Board member for AI company Market Intent, national TV program The Real Deal and the Public Relations Student Society of America’s California Lutheran University chapter.
To learn more about Lindsey and Marketing Maven, visit http://www.marketingmaven.com.
About Marketing Maven
With offices in Los Angeles and New York, Marketing Maven is a full-service marketing and communications agency. With origins in direct response public relations, Marketing Maven has developed into a premier voice in brand strategy, social media, innovative media relations, event marketing, tradeshow support, Hispanic marketing and search engine optimization. Marketing Maven leads the industry in utilizing advanced metrics to measure their clients’ marketing reach and providing competitive analysis unparalleled in the industry. For additional information about Marketing Maven, visit http://www.MarketingMaven.com.
Media Contact
Frank Tortorici, Marketing Maven, 908-875-8908, Frank@marketingmaven.com, https://marketingmaven.com/
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SOURCE Marketing Maven; Marketing Maven
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Hypercars, Exotics, Customs, Classics, and Much More! Los Angeles Auto Show Celebrates the Best of Global Car Culture with New and Returning Exhibits
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November 14, 2024By
LOS ANGELES, Nov. 13, 2024 /PRNewswire/ — The Los Angeles Auto Show® (LA Auto Show) will again deliver the definitive experience for car enthusiasts and celebrate the unwavering passion and dedication of this global community. The LA Auto Show, taking place from Friday, November 22 through Sunday, December 1, 2024, is the destination for the hottest automotive and lifestyle-themed attractions that are driving the nation’s passions and shaping how communities come together.
LA Auto Show’s 2024 showcases include:
All Roads Stage
New for 2024, All Roads Stage is a dynamic activation that brings together diverse voices from across the automotive world. Featuring influencers, builders, and trailblazers from various automotive segments, the stage highlights the creativity and love that defines car culture. A companion to the All Roads Stories original video series, the All Roads Stage continues that celebration of car culture and will feature a rotating selection of vehicles and organizations including Sasha Selipanov’s new NILU hypercar, Unplugged Performance’s heavily customized Tesla Cybertruck, social phenom MrCarSounds and his custom BMW E92 M3, and TWR Performance’s Supercat, a project led by Head Designer Khyzyl Saleem in collaboration with famed customizer Magnus Walker.
The new exhibit, along with the video series, is a continuing narrative and showcases how all roads, no matter where they begin, have a home and story that are celebrated at the LA Auto Show. Car culture fans can watch all episodes of the multi-part All Roads video series, which tells the personal stories of local entrepreneurs, brands, and auto enthusiasts who have made their mark on the Los Angeles scene. Each episode tells a unique story of passion, innovation, and most of all, community.
The Garage Aftermarket
The Garage Aftermarket is back for 2024. Located in the Los Angeles Convention Center’s 160,000-square-foot Kentia Hall, visitors are invited to enjoy an incredible array of custom and vintage cars, modified trucks and stylized motorcycles. This year’s star attractions include, South Bay Pop Ups Lowrider & Motorcycle Collective, Black Classics Car Club, Al & Ed’s Exclusive, World Famous 4 x 4, Yamaha, plus many others. With more than 60 mind-blowing lowriders on display, as well as a host of ultra-luxury exotics and classic cars, hard-to-find automotive collectibles, premium retail brands and more, The Garage Aftermarket is an essential part of the LA Auto Show experience that the whole family can enjoy.
Digital Overdrive SIM Racing and Esports
Tryhard Consulting and LANFest are excited to activate the first official Sim Racing and Esports activation at the LA Auto Show. Together with Zotac, Thrustmaster, and Next Level Racing, the Digital Overdrive experience will feature professional sim racing rigs, a competitive gaming arena, interactive demos, and exciting giveaways throughout the show including Next Level Racing sim racing rigs, Thrustmaster Gamepads and Controllers, and custom-built PCs.
Auto enthusiasts and gamers will also have a chance to intersect in this family-friendly interactive experience including meet-and-greets with NASCAR Driver Jesse Iwuji, hands-on live demos that feature gaming setups and custom-built PCs, sim racing, plus live competitive matches like the Rocket League collegiate showdown between USC vs. UCLA.
OVRland Outpost, Overlanding & Off-Road Special Exhibits
Accelerated by the rapid growth in consumer interest, overlanding is surging in popularity and exposure. This is particularly true in Southern California where the culture, weather, and terrain are especially conducive to outdoor adventuring. The LA Auto Show is bringing together the world’s leading names in overlanding and offroad vehicles to showcase their capabilities. This year’s lineup includes the return of OVRland Outpost featuring over 30 custom overlanding rigs in collaboration with OVR Magazine as well as the latest models to get off the grid from Chevy, GMC Hummer, Toyota, Subaru, INEOS, Ford, Jeep, Ram, Nissan, Exodus Rigs, and more.
Micromobility – Big Adventure, Compact Fun
Electric Bikes (eBikes), motorcycles, scooters, ATV, side-by-side vehicles, snowmobiles, waverunner, sportboats, golf cars and much more are also on display throughout the LA Auto Show at The Garage Aftermarket. Yamaha, a leader in the outdoor recreation industry, will be showcasing a wide variety of their ever-expanding product line at this year’s show. Additionally, eBike manufacturers like Oh Wow Cycles and retro electric scooter maker Aventura-X will be showcasing their current and upcoming models for all visitors to see, including Aventura-X’s first retro Electric Scooter with removable batteries that will be on display for the first time.
“For decades, the Los Angeles Auto Show has been the epicenter of car culture and a tireless advocate for the innovation that defines our industry,” said Terri Toennies, president and chief operating officer of the Los Angeles Auto Show. “Our city helps shape the trends and styles of automotive culture both here in America and throughout the world, and this range of new and returning exhibits is a must-see for anyone with a passion for all things automotive.”
For additional information and tickets, please visit laautoshow.com.
About the Los Angeles Auto Show & AutoMobility LA
Founded in 1907, the Los Angeles Auto Show™ is recognized as one of the world’s most influential automotive events. The show celebrates the enduring love that Angelenos have for their cars and offers a global platform for industry debuts, technology, and innovation.
Doors open to the public November 22 – December 1 and the show runs for 10 full days, including Thanksgiving Day. It is a must-attend event for prospective car buyers, industry executives, influencers, car enthusiasts, and for families wanting to enjoy an unforgettable day out during the holiday season. Held at the Los Angeles Convention Center, the LA Auto Show contributes several hundred million dollars to the city’s economy, stimulates the local job market, and is the number one revenue generator for the Center.
On November 21, AutoMobility LA 2024, the show’s media and industry day, will include a range of groundbreaking debuts and announcements, and a conference program featuring the leading minds in automotive and technology. These experts will explore the most pressing industry issues in a series of presentations and panel discussions from AutoMobility LA’s main stage.
Media Contacts
Kat Kirsch
kat@katkirsch.com
Tania Weinkle
tania@taniaweinkle.com
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SOURCE Los Angeles Auto Show
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Singapore investors more likely than those in other regions to increase their crypto allocation in 2025: Sygnum survey
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30 minutes agoon
November 14, 2024By
The Sygnum Future Finance survey shows 57% of institutional investors in Singapore plan to increase long-term crypto allocations, compared to the survey average of 47% More than 100 institutional and professional investors from Singapore participated in this year’s surveyThe lack of regulatory clarity is no longer a top primary barrier to entry for Singapore investors. Only 30% of respondents chose this as a primary barrier compared to 45% who cited security and custody concerns
SINGAPORE, Nov. 14, 2024 /PRNewswire/ — Sygnum, a global digital asset banking group with headquarters in Zurich and Singapore, has revealed the results of its annual Future Finance survey which measures and analyzes the core interests, market sentiment, and behavior of institutional and professional investors active in the crypto market.
Conducted among over 400 respondents possessing an average of 10+ years of investment experience, the survey included Sygnum’s institutional client base and investors as well as a diverse set of investment professionals from banks, hedge funds, multi- and single-family offices, DLT foundations, funds, and asset managers. A total of 121 Singapore-based respondents participated in the survey.
“2024 was full of positive new developments and watershed moments for crypto and the broader digital asset ecosystem. Among the most important are perhaps the US SEC’s approval and the subsequent launch of Bitcoin ETFs, which massively accelerated institutional adoption of digital assets,” said Gerald Goh, co-founder and CEO APAC.
“The survey shows that Singapore’s investors remain excited about the asset class with 57% of them planning to increase their long-term allocations, compared to the survey average of 47%. Of note, investors here are also less likely to view the lack of regulatory clarity as a primary barrier to entry (30%). This signals that the ecosystem has benefitted from the progress we have made here on the regulatory front. This is why we’re pleased to present Sygnum’s Future Finance 2024 survey report, which highlights these new trends and sentiment shifts among institutional investors, both to serve as a pulse to check on the current state of the market as well as offer a glimpse into the future of the blockchain industry as a whole.”
Reasons for Investing in Digital Assets
Regarding investment strategies, the survey revealed that most institutional and professional investors in Singapore are doubling down on their crypto investments, with 57% of respondents planning to increase their allocations. This is driven by their long-term confidence in the crypto megatrend and its potential for diversification, even despite high market turbulence.
The top reason for investing in crypto is wanting exposure to the crypto megatrend (56%), followed by portfolio diversification (41%) and as yield generation (39%)Even with the current market chop, 57% plan to increase their crypto allocations. 65% said they have a greater risk appetite for the asset class27% plan to maintain their positions, and only 2.5% plan to decrease37% cited the availability of institutional-grade products as a reason to increase their allocations
Strong Desire for Information on Asset Class
Singapore investors want better quality information and a deeper understanding of digital assets. Compared to the global average of 76%, 90% of Singapore investors said access to quality information and a better understanding of the asset class will encourage them to invest more or start investing in crypto.
Institutional Barriers to Entry
Notably, the report also revealed that while regulatory clarity has improved, security and custody concerns is now the biggest barrier at 45% to institutional crypto adoption in Singapore. Lack of information and understanding is at 41% while asset volatility came up third at 41%. Improved regulatory clarity and confidence from US spot Bitcoin and Ether ETFs encourage more institutional investment, but market education remains critical. This can be due to the regulatory environment improving and more confidence in the market and the asset class itself.
75% said they believe that regulatory clarity has improved73% noted that crypto ETFs have increased their confidence in the asset class90% said that better information would lead them to invest more
Crypto Investment Preferences
Layer-1 solutions and Web3 infrastructure have emerged as the most attractive crypto investment areas, fueled by trends like DePIN and AI.
Primary sectors of interest for Singapore investors are Layer 1 (71%), Web3 infrastructure (56%) and Layer 2 (41%)They believe that mutual funds (47%), corporate bonds (47%), equity (40%) and hedge funds (39%) have the greatest tokenization potentialPreferred investment strategies include actively managed exposure (41%) to generate alpha, followed by passive market exposure (37%), and sector exposure (36%) to capture targeted growth areas
For more information and insights, you can find the full version of Sygnum’s Future Finance 2024 survey report here.
About Sygnum
Sygnum is a global digital asset banking group, founded on Swiss and Singapore heritage. We empower professional and institutional investors, banks, corporates and DLT foundations to invest in digital assets with complete trust. Our team enables this through our institutional-grade security, expert personal service and portfolio of regulated digital asset banking, asset management, tokenization and B2B services.
In Switzerland, Sygnum holds a banking license and has CMS and Major Payment Institution licences in Singapore. The group is also regulated in the established global financial hubs of Abu Dhabi, Luxembourg and Liechtenstein.
We believe that the future has heritage. Our crypto-native team of banking, investment and digital asset technology professionals are building a trusted gateway between the traditional and digital asset economies that we call Future Finance. To learn more about how Sygnum’s mission and values are shaping this digital asset ecosystem, please visit sygnum.com and follow us on LinkedIn and X.
Disclaimer
This document was prepared by Sygnum Pte. Ltd. This document may contain forward-looking statements and may be subject to change. The opinions expressed herein are those of Sygnum Pte. Ltd., its affiliates, and partners at the time of writing. The document is for informational purposes only and contains general material. It is for use by the recipient only. It does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum Pte. Ltd. to purchase or sell assets or securities. It is not intended to be used as a general guide to invest and should be used for informational purposes only. When making an investment decision, you should either conduct your own research and analysis or seek advice from an expert to make a calculated decision. The information and analyses contained in this document have been compiled from sources believed to be reliable. However, Sygnum Pte. Ltd. makes no representation as to its reliability or completeness and disclaims all liability for losses arising from the use of this information.
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