Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 131

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 131
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-rated films. Additionally, certain states have incorporated the ratings system into state and local laws, prohibiting
theaters from permitting children under age 18 to view an R-rated or above film without an accompanying adult.

Italy

Introduction

Our subsidiary, World Media
and Entertainment Group indirectly holds a 100% share into L’Officiel Publishing Italia S.r.l., the business of which focuses, among
others, on the publication of magazines in Italy (e.g. “L’Officiel,” including the online version made available onto
www.lofficielitalia.com) and the distribution of audiovisual works.

The Italian subsidiary is
mainly affected by the laws and regulations in the fields of copyright and publishing as well as advertising.

The Italian Subsidiaries are
mainly affected by the laws and regulations in the fields of copyright and publishing as well as advertising. The following provides a
brief description of the main laws and regulations that govern the Italian subsidiary’s activities in Italy. Although the following
brief description contains the main information concerning such regulations that the Italian subsidiary considers material, it is not
an exhaustive overview of all applicable laws and regulations. References and discussions to treaties, laws, regulations and other administrative
and regulatory documents are entirely qualified by the full text of such treaties, laws, regulations and other administrative and regulatory
documents themselves.

Publishing

The Italian subsidiary’s
business is subject to a number of laws in the field of publishing. The key regulatory framework includes law 8 February 1948,
no. 47, law 5 August 1981, no. 416 and law 7 March 2001, no. 62, which laws set out, among others,
a system providing contributions and incentives for publishing businesses.

The offering on the market
of copyrighted works (such as articles published on a magazine or a website) are also subject to the Italian copyrights laws and regulations,
which include (i) law 22 April 1941, no. 633, which provides for a framework of protection for copyrighted works,
and (ii) legislative decree 8 November 2021, no. 177, which implements the “Digital Copyright Directive”
(i.e. directive (EU) 2019/790), which directive, among others, provides for rules to ensure remuneration for creators and rightsholders,
press publishers and journalists, in particular when their works are used online.

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Distribution of
audiovisual works

The Italian subsidiary’s