彩星玩具在公告中表示，PICL销售特许权产品的权利将于2026年12月31日终止，而根据特许权协议， PICL处置特许权产品存货的权利将于其届满后九十天终止。 公告显示，根据彩星玩具资料，特许权产品销售收入分别约占截至2021年12月31日、2022年12月31日、 2023年12月31日、2024年12月31日止年度及截至2025年6月30日止六个月的集团综合收入约 8%、 13%、77%、47% 及 36%。 12月24日，香港玩具企业彩星玩具（00869.HK）盘中一度跌逾15%。截至午间收盘，报0.435港元/股， 跌14.71%，总市值5.1亿港元。 消息面上，该公司公告，根据Viacom Media Networks作为特许权授予人与集团全资附属公司彩星玩具 国际有限公司（PICL）作为特许权被授权人签订的现行特许权协议，PICL获授予设计、制造、分销及 销售"忍者龟"产品（特许权产品）的权利。自2025年10月起，双方一直就特许权协议续期进行磋商， PICL最近已接获特许权授予人的正式通知，特许权协议于2026年12月31日届满后将不获续期。 ...

Core Viewpoint - The stock of Color Star Technology (00869) has dropped over 15%, currently trading at 0.435 HKD, following the announcement that its licensing agreement for "Teenage Mutant Ninja Turtles" products will not be renewed after December 31, 2024 [1] Group 1: Licensing Agreement Impact - Color Star's subsidiary, PICL, has been informed that the licensing agreement with Viacom Media Networks will expire on December 31, 2024, and will not be renewed [1] - The sales revenue from licensed products accounted for approximately 8%, 13%, 77%, 47%, and 36% of the group's total revenue for the years ending December 31, 2021, 2022, 2023, 2024, and the six months ending June 30, 2025, respectively [1] - After the expiration of the licensing agreement, PICL's rights to dispose of licensed product inventory will terminate 90 days thereafter [1] Group 2: Future Opportunities - The company plans to continue seeking and evaluating potential licensing opportunities that align with its strategic considerations after the current agreement ends [1]

Core Viewpoint - The stock price of Color Star Technology (0869.HK) dropped over 15% to HKD 0.43, marking a new low since April 2023, following the announcement that the long-standing licensing agreement for the "Teenage Mutant Ninja Turtles" will not be renewed after 2027 [1] Group 1: Financial Impact - The "Teenage Mutant Ninja Turtles" products were a significant revenue source for the company, with sales revenue from these products increasing from 8% of total revenue in 2021 to 77% in 2022 [1] - The sales revenue contribution from "Teenage Mutant Ninja Turtles" products is projected to decline to 47% by December 31, 2024, and further to 36% by June 30, 2025 [1]

格隆汇12月23日丨彩星集团(00635.HK)公布，承彩星玩具(00869.HK)公布所，根据 Viacom Media Networks 作为特许权授予人("特许权授予人")与彩星玩具(00869.HK)集团全资附属公司彩星玩具国际有 限公司("PICL")作为特许权被授权人签订之现行特许权协议，PICL 获授予设计、制造、分销及销售 「忍者龟」产品("特许权产品")的权利。自2025年10月起，双方一直就特许权协议续期进行磋商，惟 PICL 最近已接获特许权授予人的正式通知，特许权协议于2026年12月31日届满后将不获续期。因此， PICL 销售特许权产品之权利将于2026年12月31日终止，而根据特许权协议，PICL 处置特许权产品存货 的权利将于其届满后九十天终止。 由于彩星玩具为公司主要附属公司，预期上述发展将对本集团之综合财务表现产生相应影响。根据本集 团之资料，特许权产品销售收入分别约占集团于截至2021年12月31日、2022年12月31日、2023年12月31 日、2024年12月31日止年度及截至2025年6月30日止六个月的综合收入约6%、9%、67%、40%及26%。 根据彩星玩具 ...

Core Viewpoint - The company, 彩星玩具, will lose its rights to sell "Ninja Turtles" products after December 31, 2026, as the current licensing agreement will not be renewed [1] Group 1: Licensing Agreement Details - 彩星玩具's subsidiary, 彩星玩具国际有限公司 (PICL), has been granted rights to design, manufacture, distribute, and sell "Ninja Turtles" products under a licensing agreement with Viacom Media Networks [1] - Negotiations for the renewal of the licensing agreement have been ongoing since October 2025, but PICL has received formal notification that the agreement will expire on December 31, 2026, without renewal [1] - The rights to dispose of inventory related to the licensed products will terminate 90 days after the agreement's expiration [1] Group 2: Financial Impact - Sales revenue from licensed products accounted for approximately 8%, 13%, 77%, 47%, and 36% of the company's consolidated revenue for the years ending December 31, 2021, December 31, 2022, December 31, 2023, December 31, 2024, and the six months ending June 30, 2025, respectively [1] Group 3: Future Opportunities - Following the expiration of the licensing agreement, the company will continue to seek and evaluate potential licensing opportunities that align with its strategic considerations [2] - The company remains committed to developing and managing its existing product lines, including "Power Rangers," "MonsterVerse," and "Winx" [2]

Group 1 - The company reported a revenue of HKD 186 million for the six months ending June 30, 2025, representing a year-on-year decrease of 58.33% [1] - The loss attributable to the company's owners was HKD 25.61 million, compared to a profit of HKD 91.458 million in the same period last year [1] - The loss per share was HKD 0.0217, and the company proposed an interim dividend of HKD 0.01 per share [1] Group 2 - The decline in revenue was attributed to several factors, including the inability to benefit from the release of the movie "Godzilla x Kong: New Empire" in March 2024, leading to a decrease in product shipments related to "Godzilla x Kong" [1] - The "Teenage Mutant Ninja Turtles" brand did not have any major entertainment events to drive demand, resulting in a slowdown in the product series [1] - Increased trade tensions have hindered shipments of goods to the U.S. market in April [1]