LOS ANGELES, May 14, 2019 (GLOBE NEWSWIRE) -- VGTel, Inc.’s (VGTL) (“VGTL” or the “Company”) wholly owned subsidiary, Mike The Pike Entertainment (MTP), an IP acquisition, development and production company, herein details its stake in Intellectual Properties to date, alongside its core model, in preparation for additional acquisitions for development from Producer Mark B. Newbauer (CEO)
Image Comics’ The Mice Templar – by Oeming/Glass/Santos – This project was optioned for screen with the intent to create a visually compelling animated series for the TV-14+ demographic. It is a sprawling epic tale reminiscent of “Lord of the Rings” or “Game of Thrones”, in which a precocious young mouse is chosen by the gods to learn the ways of a fallen society to take down a tyrant king and restore balance to the universe.” We will be announcing details on this project once we receive studio approval, but anticipate a very successful series for an underserved audience niche. I have shared a few excerpts from our original pitch deck for shareholders to view so you can get a feel for the layers and scope this project entails:
Photos accompanying this announcement are available at:
George R.R. Martin’s The Skin Trade is the first project that Mike The Pike optioned rights to as Mike The Pike Productions back in 2010 just a few months before HBO’s Game of Thrones was greenlit for series. At that time, George R.R. Martin (GRRM) stated on his blog: “…My werewolf novella “The Skin Trade,” originally published way back when in NIGHT VISIONS 5, has been optioned for film by Mike the Pike Productions And about time. I’ve always thought there was a terrific movie in “The Skin Trade,” but somehow no one has ever optioned it till now. The novella is a horror/ mystery cross set in a decaying rustbelt city and featuring a hot young female private eye and a hypochondriac lycanthrope, how that for high concept? Randi and Willie are still favorites of mine. The novella won the World Fantasy Award too, which is how I got that head of H.P. Lovecraft that looks down over my living room. I hope that Mike the Pike does a kickass job with it…. These things do take time, of course, and we’re still a long way from the cameras rolling…”
CEO Mark Newbauer comments, “I will be ever grateful to GRRM for giving MTP a chance on this material, particularly in the midst of what was happening in the background with Game of Thrones, which went on to be one of the most epic shows to have ever graced the screen. As that series comes to an end, we hope to bring forth a new side of George’s work in this supernatural thriller. Details are under wraps; however, we have a notable stake in exploitation of the property as part of a deal wherein we assigned the ownership rights to a party which made financing to exercise the option to purchase possible. This project is highly confidential but I’m confident something great will come of this for us to share in the near future.”
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/ee781b4c-6142-40b9-97fe-12b0e3844e50
Roger Zelazny’s Lord of Light – “This has been discussed at length in previous releases. There are some very exciting items of note forthcoming on this project and our primary objective is to complete the outright purchase, all the while working to develop for screen with a studio partner.”
Children of the Night – Based on an original screenplay and being produced by Mark B. Newbauer, Theo Viljeaux and Jay Stern (Horrible Bosses, Rush Hour) this project is currently in development and out to directors. Updates to follow
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/1a98efe8-ff67-465a-a74c-a42d2fbd7182
Our core model is as follows:
Mike The Pike Entertainment is a company with a mission of acquiring, developing and licensing undervalued Intellectual Property for television, feature film and new media outlets.
- IP Acquisitions: Purchasing an option to acquire film and television rights in a literary work (novel, play or original script) is key to our business model. This typically involves establishing an option agreement to produce screen adaptation(s) of the underlying work. Sourcing strong properties is one of the most cost-effective ways to position the Company for exponential returns.
- IP Development: Once a property is optioned/acquired, Mike The Pike works to develop the property to raise its value in the marketplace. This includes ‘packaging’ the project: obtaining interest or attachment from top level writers, showrunners, directors and talent otherwise which may be the tipping point for studios/financiers to open their checkbooks and pay a premium for the material. Proper packaging will provide the company with a significant advantage over unpackaged material in the marketplace.
- IP Sales & Licensing: In most cases, to keep costs low and profit prospects high, the company will team with top-tier production companies, agencies and/or studios, allowing us to enjoy the benefits of residual payments while relying on industry powerhouses to provide financing, along with increased manufacturing capacity, wider distribution outlets and established agency connections.
Newbauer continues, “I encourage shareholders who are in to support our long-term growth to please ‘like’, ‘follow’, ‘subscribe’ and share, share, share our social media content across your channels. This is how we grow an audience and a following. Shareholder participation is highly encouraged toward collective benefit if you are so compelled. “
“Thank you very much and we are looking forward to an exciting road ahead. Early startups like ours can be a bumpy ride, but we commit to making decisions toward the good of long-term growth and building shareholder value as we continue to acquire projects and develop them for exploitations across various mediums. As well, we plan on launching a new exciting division as part of our commitment to building a multi-faceted Media and Entertainment Holding company. Updates are forthcoming. “
Vgtel, Inc. is a Media and Entertainment Holding company with a focus on growing and investing in businesses and technology relevant to the space. Mike The Pike Entertainment is its wholly owned subsidiary with a model in IP Acquisition, Development and Production. VGTel, Inc. has plans to change the company name to Arowana Media Holdings.
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About Mike The Pike Entertainment
Mike the Pike Entertainment is an IP Acquisitions and Development company with a focus that includes Feature Films, Television, New Media and Graphic Novels.
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Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "target", "intend" and "expect" and similar expressions, as they relate to the Company, its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.