Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 154

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 154
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, the costs of producing motion pictures have increased in recent years and may further increase in the future, which may make it more difficult for a motion picture we produce to generate a profit. Also, compensation for star performers and other key creative personnel has been on the rise. As a result, there can be no assurance that revenue from our motion picture production would be sufficient to offset increases in the cost of production and distribution. Industry changes in the entertainment industry may have a negative impact on our operations. The entertainment industry, in general, is continually undergoing significant changes, primarily due to technological developments. These developments have resulted in the availability of alternative forms of leisure time entertainment, including expanded on demand services, independent productions, streaming and video games. The level of theatrical success remains a critical factor in generating revenues in these ancillary markets. It is difficult to accurately predict the effect that these and other new technological developments may have on the film industry. These uncertainties, among others, may have a negative impact on our business, financial condition, and results of operations. Risks Relating to TGE ’s Hospitality Business We are subject to the business, financial and operating risks inherent to the hospitality industry, any of which could reduce our revenues and limit opportunities for growth. Our business is subject to a number of business, financial and operating risks inherent to the hospitality industry, including: •significant competition from hospitality providers in all parts of the world; •changes in the supply and demand for hotel services, including rooms, food and beverage and other products and services; •the financial condition of and relationships with hotel management companies and joint venture partners, including the risk that they may terminate or fail to comply with the relevant management or joint venture contracts or arrangements; •decreases in the frequency of business travel that may result from alternatives to in -personmeetings, including virtual meetings hosted online or over private teleconferencing networks; 94 •increases in operating costs, including employee compensation and benefits, energy, insurance, food and beverage and other supplies; •the ability of third -partyinternet and other travel intermediaries who sell our hotel rooms to guests to attract and retain customers; •delays in or cancellations of planned or future development or refurbishment projects at hotels in our system; •cyclical over -buildingin the hospitality industry; and •changes in desirability of geographic regions of the hotels in our business, geographic concentration of our operations and customers and shortages of desirable locations for development. Any of these factors could (i) increase our costs