FORT LAUDERDALE, FL / ACCESSWIRE / April 7, 2015 / Entertainment stocks had a good session on Tuesday, and independent film studios led the way. One company in particular looks like it began what could be a big week for investors. The company, FONU2, Inc. (FONU), began a rally up 33% ahead of their presentation at the Growth Capital Expo next week.
FONU2 Inc. (FONU) is a film studio, production and social commerce company actively developing a 1,560 acre film studio complex("Studioplex") in Effingham County, Georgia.
- Georgia is #1 in growth nationwide for film in production ahead of both California and New York
- Demand in Georgia far outweighs supply.
- Georgia currently has an inventory shortage estimated at over 20 soundstages to accommodate the entertainment business needs.
- Record government support including grants,rebates and tax incentives enhances profitability;
- In FY 2014 alone, Georgia-lensed feature films and television productions generated an economic impact of $5.1 billion.
- Qualifying productions receive up to a 30% tax credit.
Hollywood Elite On Board
In addition to building the Studioplex, the company has also acquired the worldwide distribution rights to Nick Cassavete's Yellow, Cassavete's wrote and directed Yellow, he has also directed and wrote for many other notable films such as The Other Woman, The Notebook, John Q, and Blow to name a few.
FONU is also producing a film being directed by the legendary Penny Marshall, who directed According to Jim, A League of Their Own, Big, Jumpin' Jack Flash, and Laverne & Shirley.
The Hollywood experience doesn't end there as FONU recently appointed new COO Alice P. Neuhauser whose resume includes financing some of the largest independently financed pictures including Terminator 2, Cliffhanger, Basic Instinct and Total Recall.
- Largest Studio project in the Americas.
- Cost savings versus competing studios.
- Management team track record includes both the successful creation and construction of a leading production studio as well as producing over 200 movies, which have generated in excess of $3 billion in box office receipts.
Hot Hollywood Stocks Lead Entertainment Sector
The entertainment sector was largely green on Tuesday. Bona Film Group Limited (BONA), a leading film distributor in China with an integrated business model encompassing film distribution, film production, film exhibition and talent representation, continued it's big year, up nearly 50% from its 52 week low it hit almost a year ago.
Cinedigm (CIDM) wasn't too far behind BONA, also leading the sector. The stock is up 20% from its lows. Cinedigm is a leading independent content distributor in the United States, with direct relationships with thousands of physical retail storefronts and digital platforms, including Wal-Mart, Target, iTunes, Netflix, and Amazon, as well as the national Video on Demand platform on cable television. The company's library of films and TV episodes encompasses award-winning documentaries from Docurama Films(R), next-gen Indies from Flatiron Film Company(R), acclaimed independent films and festival picks through partnerships with the Sundance Institute and Tribeca Films and a wide range of content from brand name suppliers, including National Geographic, Discovery, Scholastic, NFL, Shout Factory, Hallmark, Jim Henson and more.
As FONU continues to make announcements and progress on their studioplex, shareholders could benefit in the long term. As far as the short term goes, the stock has seen a large rally begin Tuesday and this could be the beginning of a big week ahead for the company before their presentation at the Growth Capital Expo next week.
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