Coinllectibles Completes Acquisition Of Phoenix Waters Productions (HK) Limited and Phoenix Waters Productions Ltd (UK)
Metaverse Blockchain Fusion NFT company, Coinllectibles, a wholly owned subsidiary of Cosmos Group Holdings, Inc. is pleased to announce the completion of the acquisition of both Phoenix Waters Productions (HK) Limited and Phoenix Waters Productions Ltd in UK, which is valued at HK$10m and HK$25m respectively (US$4.5m total). Coinllectibles will own 51% of each entity.
Phoenix Waters Productions is an award-winning multinational production company with offices in Hong Kong and London developing films, series, and variety shows for local and international audiences. Past productions include international pandemic thriller Lockdown while it recently wrapped the 1st season of Hong Kong crime series Forensic Psychologist. Upcoming productions include a Cantonese remake of Richard Linklater’s Tape filming this Spring, Hong Kong’s biggest zombie film in history Chungking Mansions featuring an international cast, Asia’s 1st NFT drama series Crypto Keepers, and the first major Hong Kong superhero drama series Evos. Coinllectibles is using its proprietary Fusion NFT™️ and blockchain technology to disrupt the arts and collectibles industry. The acquisition of Phoenix Waters provides the scope to further diversify Coinllectibles’ NFT offerings into the sizeable entertainment market place.
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Commenting on the acquisition, Bizhan Tong, CEO & Founder of Phoenix Waters Productions said, “I am very excited about this acquisition due to the synergies which lie between Phoenix Waters Productions and Coinllectibles. With blockchain technology permeating the media and entertainment industry, the possibilities are endless in film making and production to evolve the experience and engagement audiences have with media and entertainment that will transform the industry. My vision is to see the Hong Kong entertainment industry thrive once again which can only be accomplished with a concerted effort to develop content geared internationally to accomplish this feat, so it becomes all the more clear that we need to expand more rapidly to cover every aspect of the film production process through the support of quality partnerships and strategic acquisitions. One such example is to work closely with Coinllectibles to tap on their strengths and expertise to move forward.”
Toby O’Connor, CEO at Coinllectibles shares the same sentiments. “We are happy to complete the acquisition of Phoenix Waters Productions and to be working with Bizhan and his team in this creative and exciting entertainment space. We see tremendous opportunity to apply our evolving Fusion NFT™️ capabilities that bridge the physical and virtual dimensions to media and entertainment. Phoenix Waters positioning in Hong Kong and London enables us to continue to accelerate innovation as well as provide further access and relevance to our growing communities with an increasingly diversified offering delivered through our MetaMall and ecosystem.”
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