Cheer Holding Unveils Captivating Original AI Animation "Wasteland"

BEIJING, April 09, 2024 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (NASDAQ: CHR) ("Cheer Holding," or the "Company"), a leading provider of advanced mobile internet infrastructure and platform services, today announced the highly-anticipated release of its original AI-powered animation, "Wasteland."

Viewers can embark on an immersive journey by accessing the teaser through the following link: https://ali.cdn.yuexiang365.cn/2024/03/18/1109310461907421150.mp4.

"Wasteland" is an enthralling tale set against the backdrop of a planet ravaged by the cataclysmic consequences of intensifying greenhouse effects and soaring global temperatures. As survival becomes paramount, humanity is confronted with harrowing choices in this post-apocalyptic wasteland. The series will unfold in meticulously crafted seasons, each comprised of 10 gripping episodes, with an average episode duration of approximately 3 minutes. Drawing upon the remarkable capabilities of Cheer Holding's cutting-edge AI model, "Polaris Intelligent Cloud (the “Polaris)," every aspect of "Wasteland" - from concept design to mesmerizing animation sequences - is brought to life through the ingenious power of CHEERS Telepathy, the Company's generative AI technology.

CHEERS Telepathy possesses an exceptional ability to accurately interpret user prompts and make complex decisions based on visual inputs. It seamlessly transforms static images into dynamic animations, extends the narrative arc of videos in both forward and backward directions, and harnesses the static to generate video content that pulsates with energy. By infusing the generated CG animation with vivid realism, CHEERS Telepathy masterfully captures intricate details of diverse characters, specific action sequences, and intricately woven thematic and background elements. The result is a captivating visual experience characterized by seamless transitions, consistent narrative coherence, and unparalleled production quality.

The unveiling of "Wasteland" marks a significant milestone in the relentless advancement and continual
refinement of CHEERS Telepathy’s multimodal model and technology. It heralds a new era of immense practical applications within the vibrant landscape of domestic AI graphics and computing, offering boundless possibilities for creative expression in the animation, short film, movie production, and advertising design industries.

About Cheer Holding, Inc.

As a preeminent provider of next-generation mobile internet infrastructure and platform services in China, Cheer Holding is dedicated to building a digital ecosystem that integrates “platforms, applications, technology, and industry” into a cohesive system, thereby creating a new, open business environment for web3.0 that leverages AI technology. The Company is developing a 5G+VR+AR+AI shared universe space that builds on cutting-edge technologies including blockchain, cloud computing, extended reality, and digital twin.

Cheer Holding’s portfolio includes a wide range of products and services, such as Polaris Intelligent Cloud, CHEERS Telepathy, CHEERS Open Data Platform, CHEERS Video, CHEERS e-Mall, CheerReal, CheerCar, CheerChat, CHEERS Fresh Group-Buying E-commerce Platform, Digital Innovation Research Institute, CHEERS Livestreaming, variety show series, IP short video matrix, and more. These offerings provide diverse application scenarios that seamlessly blend “online/offline” and “virtual/reality” elements.

With “CHEERS+” at the core of Cheer Holding’s ecosystem, the Company is committed to consolidating and strengthening its core competitiveness, and achieving long-term sustainable and scalable growth.

For more information, please visit http://ir.gsmg.co/.

Safe Harbor Statement

Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the occurrence of any event, change or other circumstances that could affect the Company’s ability to continue successful development and launch of its metaverse experience centers; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment and technological developments, competition, changes in regulation, or other economic and policy factors; disruptions or other business interruptions that may affect the operations of our products and services, the possibility that the Company’s new lines of business may be adversely affected by other economic, business, and/or competitive factors; other factors, risks and uncertainties set forth in documents filed by the Company with the Securities and Exchange Commission from time to time, including the Company’s latest Annual Report on Form 20-F filed with the SEC on March 22, 2023, as amended. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release.

For investor and media inquiries, please contact:

Wealth Financial Services LLC
Connie Kang, Partner
Email: [email protected]
Tel: +86 1381 185 7742 (CN)