TGE's Latest Film "Scare Out" Surpasses US$190 Million at the Global Box Office

Rhea-AI Summary

The Generation Essentials Group (NYSE: TGE) film "Scare Out" has surpassed US$190 million at the global box office and recorded more than 28.28 million admissions as of March 17, 2026.

The Movie achieved the highest daily seat-occupancy rate for six consecutive days, ranks as the eighth highest-grossing domestic Chinese crime film, and is the top-grossing crime story release during the Chinese New Year period in the past five years.

Positive

• Global box office surpassed US$190 million
• Admissions exceeded 28.28 million viewers
• Seat-occupancy highest for six consecutive days
• Ranked 8th highest-grossing domestic Chinese crime film
• Top-grossing crime story during recent Chinese New Year five-year window

Negative

• None.

Key Figures

Global box office: US$190 million Total admissions: 28.28 million viewers Seat-occupancy streak: Six consecutive days +2 more

5 metrics

Global box office US$190 million "Scare Out" cumulative global box office

Total admissions 28.28 million viewers Global audience for "Scare Out"

Seat-occupancy streak Six consecutive days Highest daily seat-occupancy rate for six days

Crime film ranking Eighth highest-grossing Domestic Chinese crime film ranking in history

Holiday performance window Past five years Top-grossing crime story movie in Chinese New Year period

Market Reality Check

Price: $1.64 Vol: Volume 262,021 is well be...

low vol

$1.64 Last Close

Volume Volume 262,021 is well below 20-day average 1,405,270 (relative volume 0.19). low

Technical Price at 1.64, trading below 200-day MA at 1.67 and 70.02% under 52-week high 5.47.

Peers on Argus

Peers show mixed moves: APPS -0.28%, ALTS -0.36%, DJCO -8.02%, DSP -5.85%, RBBN ...

1 Up

Peers show mixed moves: APPS -0.28%, ALTS -0.36%, DJCO -8.02%, DSP -5.85%, RBBN +1.88%. With HKD down 2.38% and no consistent peer direction, trading appears stock-specific rather than a sector-wide move.

Historical Context

5 past events · Latest: Mar 10 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 10	Real estate acquisition	Positive	+2.4%	Announced US$87.7M London property acquisitions with secured five-year loan.
Mar 09	Hotel acquisition	Positive	+5.1%	Completed US$69M Tribeca hotel deal and rebranding to AMTD IDEA Tribeca Hotel.
Mar 03	Box office update	Positive	+11.0%	Reported "Scare Out" global box office exceeding US$160M within two weeks.
Feb 27	Annual results	Positive	-16.6%	Filed 20-F showing 565.7% revenue and 132.7% net income growth.
Feb 27	Annual results	Positive	-16.6%	Reported US$136.1M revenue and US$97.0M net income with higher assets.

Pattern Detected

Recent positive strategic and box office updates often saw aligned upside, while strong annual results coincided with notable share price declines, indicating occasional negative reactions to fundamentally positive news.

Recent Company History

Over the past months, AMTD Digital has highlighted major expansion and performance milestones. On Feb 27, full-year results showed revenue of US$136.1M and net income of US$97.0M, yet the stock fell 16.57% around those filings. In contrast, the movie "Scare Out" surpassing US$160M box office on Mar 3 and subsequent hotel and real estate acquisitions in early March saw positive price reactions. Today’s update continues the theme of TGE-driven entertainment strength building on that earlier box office news.

Market Pulse Summary

This announcement underscores the continued strength of TGE’s entertainment portfolio, with "Scare O...

Analysis

This announcement underscores the continued strength of TGE’s entertainment portfolio, with "Scare Out" exceeding US$190 million in global box office and drawing more than 28.28 million

AI-generated analysis. Not financial advice.

PARIS, NEW YORK and LONDON, March 17, 2026 /PRNewswire/ -- AMTD Group Inc. ("AMTD Group"), AMTD IDEA Group (NYSE: AMTD; SGX: HKB), AMTD Digital Inc. (NYSE: HKD) and The Generation Essentials Group ("TGE", NYSE: TGE; LSE: TGE), a subsidiary of AMTD Digital Inc., jointly announce that "Scare Out" (the "Movie") has achieved remarkable box office success. The Movie has surpassed US$190 million at the global box office, with total admissions exceeding 28.28 million viewers.

One month after its release, the Movie continues to perform strongly, achieving the highest daily seat-occupancy rate for six consecutive days. It has also become the eighth highest-grossing domestic Chinese crime film in Chinese film history, as well as the highest-grossing crime story movie released during the Chinese New Year Holiday period in the past five years.

AMTD is a co-production company of the Movie, with Dr. Calvin Choi, founder of AMTD IDEA, AMTD Digital, and TGE, serving as a co-producer.

About AMTD Group

AMTD Group is a conglomerate with a core business portfolio spanning across media and entertainment, education and training, and premium assets and hospitality sectors.

About AMTD IDEA Group

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients' diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as "Twitter") at @AMTDGroup.

About AMTD Digital Inc.

AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in France. Its one-stop digital solutions platform operates key business lines including digital media, content and marketing services, investments as well as hospitality and VIP services. For AMTD Digital's announcements, please visit https://ir.amtdigital.net/investor-news.

About The Generation Essentials Group

The Generation Essentials Group (NYSE: TGE; LSE: TGE), jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is headquartered in France and focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide as well as hospitality and VIP services. TGE comprises L'Officiel, The Art Newspaper, movie and entertainment projects. Collectively, TGE is a diversified portfolio of media and entertainment businesses, and a global portfolio of premium properties. Also, TGE is a special purpose acquisition company (SPAC) sponsor manager, with its first SPAC successfully raised and priced on December 18, 2025.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor"provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects,""anticipates," "aims," "future," "intends," "plans," "believes,""estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group, AMTD Digital and/or The Generation Essentials Group, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group, AMTD Digital and The Generation Essentials Group with the SEC. All information provided in this press release is as of the date of this press release, and none of AMTD IDEA Group, AMTD Digital and The Generation Essentials Group undertakes any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please contact:

For AMTD IDEA Group:
IR Office
AMTD IDEA Group
EMAIL: ir@amtdinc.com 

For AMTD Digital Inc.:
IR Office
AMTD Digital Inc.
EMAIL: ir@amtdigital.net 

For The Generation Essentials Group:
IR Office
The Generation Essentials Group
EMAIL: ir@tge.media

View original content:https://www.prnewswire.com/news-releases/tges-latest-film-scare-out-surpasses-us190-million-at-the-global-box-office-302716089.html

SOURCE AMTD Digital; AMTD IDEA Group; The Generation Essentials Group

FAQ

How much has TGE's movie "Scare Out" earned worldwide as of March 17, 2026 (HKD)?

The Movie has earned more than US$190 million worldwide, a major global box office milestone. According to AMTD Digital, total admissions have exceeded 28.28 million, underscoring broad audience reach across markets.

What significance does "Scare Out" hold in Chinese crime film rankings for TGE (NYSE: TGE)?

"Scare Out" is the eighth highest-grossing domestic Chinese crime film, a notable ranking improvement. According to AMTD Digital, this places the Movie among the top-performing Chinese crime titles in box office history.

How did "Scare Out" perform during the Chinese New Year holiday compared with recent crime releases?

The Movie became the highest-grossing crime story release in the Chinese New Year period over the past five years. According to AMTD Digital, it outperformed other holiday crime releases in that recent five-year window.

What audience metrics did "Scare Out" achieve in its first month after release?

One month post-release, the Movie sustained the highest daily seat-occupancy rate for six consecutive days, signaling strong demand. According to AMTD Digital, this indicates exceptional theater attendance momentum early in its run.

What role did AMTD play in the production of "Scare Out" (symbol HKD)?

AMTD served as a co-production company and Dr. Calvin Choi is credited as a co-producer on the film. According to AMTD Digital, AMTD Group participated in producing the Movie alongside TGE and partners.