Market trends in Asia show that consumers increasingly value lifestyle or experience-oriented products and services, which has created new market potential for investors in the entertainment and sports industry. Young populations, middle class aspirations, and mass urbanization are driving Asia’s appetite for new forms of entertainment and sports. Furthermore, the unprecedented availability of smart phones and other personal technologies throughout the region ensures that growth is not confined to Tier One cities.
When entering Asia’s entertainment and sports markets, investors must deal with complex regulatory landscapes. Most Asian nations permit foreign direct investment in entertainment and sports. However, the convoluted bureaucratic procedures, stringent local censor boards, and even local culture and customs can impose obstacles to market access and growth for foreign investors interested in this market space.
Elite Stage Team continues to assist a wide range of investors enter and scale in Asia’s entertainment and sports industry. With 10 year’s experience in emerging Asian markets, the firm offers a depth of knowledge from pre-market strategies to managing statutory compliance and maintaining best practices after the operation is started. The firm has assisted a wide variety of foreign companies manage their legal, tax, and operational concerns in markets across Asia.