HOLLYWOOD, CA--(Marketwired - May 29, 2013) - Medient Studios, Inc. (
Under the terms of the MOU, Germany-based Atlas will provide up to $30 million as a sales advance to form part of the financing of the movies in the slate. Medient's output is expected to reach 8 - 12 movies annually with budgets ranging from $2Million to $40Million.
Founded in 1967 by the Menz family, Atlas' core business is the worldwide licensing of feature films, series and documentaries for all media. The Menz family also owns American Atlas International Films Inc. and the production companies Atlas Film & TV Production GmbH and Menz & Friends GmbH.
Philipp Menz, President of Atlas, stated, "This MOU consolidates our relationship with Medient with whom we already enjoy an excellent understanding. Further, it will add a consistent flow of quality movies to the extensive product that we already exploit."
Medient's Chairman and CEO Mr. Manu Kumaran stated, "Atlas has a long and proud history of marketing and selling movies and we are delighted that it shares our vision. The formalization of this relationship is one step further in creating the circle of strategic alliances to realize the mega-studio complex in Effingham, GA."
Atlas (www.atlasfilm.com) represents more than 100 individual producers from all over the world. In the years since it was founded, Atlas has made more than 12,000 license agreements with clients globally. All contracts, availabilities, payments and materials are handled by a specialized computer software, developed and programmed by Stefan Menz. From sales and marketing to servicing and deliveries, all aspects of international program sales are handled by in-house specialists. This has given Atlas the flexibility and fast response demanded by today's competitive market.
Medient (www.medient.com) is a publicly listed company (
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