Click here to close now.

SYS-CON MEDIA Authors: Bart Copeland, Andreas Grabner, Liz McMillan, Dana Gardner, Elizabeth White

News Feed Item

SCMP Acquires Top Luxury Lifestyle Publisher -- Destination Macau Limited

Expands Into Macau to Capture High Net-worth Readers in the Region

HONG KONG, CHINA -- (Marketwired) -- 03/24/14 -- SCMP Group Ltd (HKSE: 583), Asia's leading media holding company, announced today that it will acquire leading luxury lifestyle publisher Destination Macau Limited from Ignite Media Group Limited to further consolidate its market share in the South China region's luxury lifestyle media space.

As the world's number one gaming market, Macau surpassed Las Vegas' total gaming revenue in 2013 by seven times, and is tipped to continue its accelerating pace of growth. This is underpinned by its status as a tourism hub for China's rapidly expanding middle class, whose consumption demand has prompted a doubling of Macau's hotel rooms in the next 5 years. Moreover, as demonstrated by its more than US$8 billion worth of retail sales in 2013, the opportunity is extremely attractive.

Destination Macau Limited publishes two titles -- luxury lifestyle title Destination Macau and ultra high-end magazine DM Exclusive in English and Simplified Chinese, with both delivering high quality leisure lifestyle content, featuring topics such as luxury brands to watch out for, world-class Macau entertainment reviews, and fine-dining experiences to be had. Moreover, Destination Macau Limited also operates a growing custom publishing business to cater to the content marketing needs of luxury brands, services and retailers aiming to capture the rapidly growing population of Macau-bound jetsetters traveling from China and the world.

This strategic addition to SCMP Group's ever-growing portfolio of magazines, which already boasts Cosmopolitan, Elle, Esquire, Harper's Bazaar, PEAK and STYLE, further reinforces its dominant position in the luxury lifestyle segment. Importantly, it gives SCMP Group the key to enter Macau -- China's entertainment tourism capital, and the world's fastest growing gaming market.

"The combination of Destination Macau's high quality content, and its native base of affluent readers from Macau, China and the world makes this acquisition a perfect fit into the SCMP Group's family of luxury titles, and adds to an even more formidable offering to our network of top tier advertisers", said Ms. Elsie Cheung, Chief Operating Officer of SCMP Group.

Moreover, "with Destination Macau's strong brand equity and established market presence in Macau, it presents a fertile opportunity for further growth when coupled with our award-winning expertise in multimedia magazine publishing, advertising, bespoke events and custom publishing", continued Ms. Cheung.

"Advertisers today, especially the sophisticated top-tier brands that we regularly work with, are increasingly searching for cross-platform opportunities that allow them to communicate to their target audience along more touch points. With the SCMP Group, we are confident Destination Macau Limited has found the perfect home", remarked Ms. Carrie Leung, General Manager of Ignite Media Group.

"Ignite has built Destination Macau and Destination Macau Exclusive into Macau's premier luxury publishing titles; and knowing SCMP Group's capabilities, we are confident they will be able to take this business to the next level".

"We look forward to further collaboration and partnerships as Ignite accelerates its market-leading platforms -- Macau.com, Qoos.com, MacauHR and Aomen.TV, together with our portfolio of services to continue supporting the growth and diversification of the new Macau", concluded Ms. Leung.

Destination Macau Limited will operate under SCMP Group's management from late March onwards, and Destination Macau will maintain its popular editorial direction, and its distribution network within 5-star hotels and resorts, airlines, dedicated direct-to-Macau ferries, and most importantly, its direct distribution to high net-worth individuals in Macau.

Image
Destination Macau, the Design Issue
http://release.media-outreach.com/release.php/Images/1674

Company Logo
http://release.media-outreach.com/release.php/Images/1596

About Ignite Media Group Ltd

Ignite Media Group (http://www.igniteasia.com) is Macau's premier media and services conglomerate with market-leading positions in online, out-of-home, print and services enterprises dedicated to promoting Macau as Asia's #1 entertainment destination. Ignite includes market-leading media brands across multiple verticals: Macau.com (Macau's #1 online travel and destination marketing platform), Qoos.com (Macau's #1 Chinese language social media community and C2C listings platform), Aomen.tv (Macau's #1 online TV production company), MacauHR (Macau's #1 integrated online jobs listings and recruitment / corporate services firm), New Macau Box Offices (Macau's #1 show ticketing company), EC-Ad (outdoor media) and Ignition (media agency & advisory services).

About SCMP Group Ltd

SCMP Group Limited (HKSE: 583) is a leading newspaper and magazine publisher in Asia. Its flagship publication, South China Morning Post, is Hong Kong's internationally recognised English language newspaper and has the city's most affluent and influential readership. First published in 1903, the newspaper has developed an enviable reputation for authoritative, influential and independent reporting on Hong Kong, China and the rest of Asia. Available in print, iPad™ and online through scmp.com and e-reader editions, South China Morning Post reaches a global audience with daily breaking news, analysis and opinion, multimedia articles and interactive forums. The South China Morning Post received 65 awards in 2013 for excellence in editorial, marketing and technical capability. Other titles in the Group include the Sunday Morning Post, the Chinese editions of Cosmopolitan, Harper's Bazaar, ELLE, ELLE Men, Esquire and CosmoGirl!, PEAK, HK Magazine, The List, Where Hong Kong, and Where Chinese.

For more information, please visit us at: www.scmpgroup.com

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2548922

Contact:
SCMP Group
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Wearable devices have come of age. The primary applications of wearables so far have been "the Quantified Self" or the tracking of one's fitness and health status. We propose the evolution of wearables into social and emotional communication devices. Our BE(tm) sensor uses light to visualize the skin conductance response. Our sensors are very inexpensive and can be massively distributed to audiences or groups of any size, in order to gauge reactions to performances, video, or any kind of present...
SYS-CON Events announced today that GENBAND, a leading developer of real time communications software solutions, has been named “Silver Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. The GENBAND team will be on hand to demonstrate their newest product, Kandy. Kandy is a communications Platform-as-a-Service (PaaS) that enables companies to seamlessly integrate more human communications into their Web and mobile applicatio...
VictorOps is making on-call suck less with the only collaborative alert management platform on the market. With easy on-call scheduling management, a real-time incident timeline that gives you contextual relevance around your alerts and powerful reporting features that make post-mortems more effective, VictorOps helps your IT/DevOps team solve problems faster.
Skeuomorphism usually means retaining existing design cues in something new that doesn’t actually need them. However, the concept of skeuomorphism can be thought of as relating more broadly to applying existing patterns to new technologies that, in fact, cry out for new approaches. In his session at DevOps Summit, Gordon Haff, Senior Cloud Strategy Marketing and Evangelism Manager at Red Hat, will discuss why containers should be paired with new architectural practices such as microservices ra...
Roberto Medrano, Executive Vice President at SOA Software, had reached 30,000 page views on his home page - http://RobertoMedrano.SYS-CON.com/ - on the SYS-CON family of online magazines, which includes Cloud Computing Journal, Internet of Things Journal, Big Data Journal, and SOA World Magazine. He is a recognized executive in the information technology fields of SOA, internet security, governance, and compliance. He has extensive experience with both start-ups and large companies, having been ...
Companies today struggle to manage the types and volume of data their customers and employees generate and use every day. With billions of requests daily, operational consistency can be elusive. In his session at Big Data Expo, Dave McCrory, CTO at Basho Technologies, will explore how a distributed systems solution, such as NoSQL, can give organizations the consistency and availability necessary to succeed with on-demand data, offering high availability at massive scale.
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, de...
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focu...
Security can create serious friction for DevOps processes. We've come up with an approach to alleviate the friction and provide security value to DevOps teams. In her session at DevOps Summit, Shannon Lietz, Senior Manager of DevSecOps at Intuit, will discuss how DevSecOps got started and how it has evolved. Shannon Lietz has over two decades of experience pursuing next generation security solutions. She is currently the DevSecOps Leader for Intuit where she is responsible for setting and driv...
Operational Hadoop and the Lambda Architecture for Streaming Data Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing...
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes ...
Thanks to Docker, it becomes very easy to leverage containers to build, ship, and run any Linux application on any kind of infrastructure. Docker is particularly helpful for microservice architectures because their successful implementation relies on a fast, efficient deployment mechanism – which is precisely one of the features of Docker. Microservice architectures are therefore becoming more popular, and are increasingly seen as an interesting option even for smaller projects, instead of bein...
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, it is now feasible to create a rich desktop and tuned mobile experience with a single codebase, without compromising performance or usability.
SYS-CON Events announced today Arista Networks will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Arista Networks was founded to deliver software-driven cloud networking solutions for large data center and computing environments. Arista’s award-winning 10/40/100GbE switches redefine scalability, robustness, and price-performance, with over 3,000 customers and more than three million cloud networking ports depl...
Application metrics, logs, and business KPIs are a goldmine. It’s easy to get started with the ELK stack (Elasticsearch, Logstash and Kibana) – you can see lots of people coming up with impressive dashboards, in less than a day, with no previous experience. Going from proof-of-concept to production tends to be a bit more difficult, unfortunately, and it tends to gobble up our attention, time, and money. In his session at DevOps Summit, Otis Gospodnetić, co-author of Lucene in Action and founder...