Kuala Lumpur Launch Unveils LAUNCHPAD for Emerging Artists
Fast Track Group (NASDAQ: FTRK) said in a shareholder letter it is shifting to an IP-led media model with Sony Music Entertainment Malaysia. It launched two co-branded platforms, a Global Digital Content Platform and the offline LAUNCHPAD. Fast Track is lead operator and paymaster, keeps 100% IP ownership, and receives a 90% net profit share from monetization. FTRK shares fell 4.80% after the news.


