Tuesday, 02 January 2024 12:17 GMT

Investornewsbreaks Globavend Holdings Limited (NASDAQ: GVH) Expands AI Entertainment Distribution Through Dramabox Partnership


(MENAFN- Investor Brand Network) Globavend Holdings (NASDAQ: GVH) announced that its digital entertainment subsidiary, Loomi Entertainment Group, has signed a global distribution agreement with DramaBox to release its original AI-produced English-language micro drama, The Wolf King's Forbidden Bride, on the streaming platform. The agreement expands the commercial reach of Globavend's proprietary AI-generated entertainment portfolio, adding DramaBox's reported audience of more than 90 million registered users across more than 200 countries and regions to the company's distribution network.

Globavend said the partnership advances its strategy of monetizing original AI-generated intellectual property through a dual-channel distribution model that combines its owned-and-operated Loomi: Short Drama platform with third-party streaming services. The announcement follows the debut of the company's first fully AI-produced micro drama, Buried Innocent, which surpassed 1 million TikTok views, and supports its efforts to capitalize on the growing global micro drama market while generating revenue through subscriptions, advertising, licensing and content distribution.

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About Globavend Holdings Limited

Globavend Holdings Limited (NASDAQ: GVH) is an emerging e-commerce logistics provider and AI-powered digital entertainment company. As a logistics provider, the Company offers integrated cross-border logistics solutions across Hong Kong, Australia, New Zealand and mainland China. As a digital entertainment company, the Company develops generative AI-assisted cinematic production workflows, multimodal content generation capabilities and multilingual digital entertainment distribution solutions through its proprietary AI technologies. It operates Loomi: Short Drama, a mobile streaming platform offering professionally produced multilingual micro dramas, and Imaginary, its proprietary AI-powered cinematic production platform, providing end-to-end AI-assisted content creation capabilities. By combining AI-powered production technologies with proprietary distribution capabilities, Globavend is building an integrated digital entertainment ecosystem while continuing to expand its established cross-border logistics business.

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