HALLANDALE BEACH, FL--(Marketwired - Nov 14, 2016) - The Movie Studio, Inc. (
The Movie Studio, Inc. is pleased to make its first announcement from The American Film Market. On November 4th, 2016 the Company executed a new distribution partnership with WING SIGHT INTERNATIONAL MEDIA of Beijing, China through Cinema Arts Entertainment/Artedis.
The agreement is for an initial term of 5 years beginning on January 1st, 2017 until December 31st, 2021 and is the result of successful negotiations between Cinema Arts/Artedis and Wing Sight International Media and Gordon Scott Venters President and CEO of The Movie Studio. The agreement was completed during the Company's attendance and exhibition of its movies at the recent American Film Market held in Los Angeles, California from the 2nd to the 9th of November, 2016.
Per the agreement, The Movie Studio intends to release the following four films to Wing Sight International Media for distribution throughout The Peoples Republic of China boasting a population of 1.38 billion consumers with other possible titles to follow.
"I'll Sleep when I'm Dead"; a crime drama directed by Mike Hodges starring Clive Owen and Malcolm McDowell.
"No Good Deed"; an action thriller directed by Bob Rafelson starring Samuel L. Jackson and Milla Jovovich.
"Back In The Day"; an action crime drama directed by James Hunter starring Ving Rhames and Ja Rule.
"Drunkboat" a drama directed by Bob Meyer starring Emmy award winner and two time Oscar nominee John Malkovich and John Goodman. Drunkboat is a winner of both the Chicago International Film Festival and the New Hampshire Film Festival audience choice award.
The Movie Studio expects to have completed the agreement by delivering the films and receiving full payment within the next 30 days. Cumulative revenues derived from the licensing of these assets are to be released in the Company's next annual report.
"The Movie Studio is extremely excited about licensing quality motion picture titles to new available territories, re-licensing existing territories and new Video On Demand (VOD) platforms.
"As we continue to establish worldwide distribution agreements leveraging our strategy of growth by acquisition of existing films and bundling of new or pre-existing films can increase shareholder equity and residual net asset value (NAV) while hedging negative NAV impact. We are excited about our newest motion picture distribution partner in China and look forward to a long-term relationship," Gordon Scott Venters President and CEO announced today.
About The Movie Studio Inc.
The Movie Studio, Inc. is a vertically integrated motion picture production and distribution Company with completed motion picture and production assets. The Company acquires, develops, manufactures, and distributes independent motion picture content for worldwide consumption in Theatrical, Video on Demand (VOD), Foreign Sales and on various media devices. For more information, visit http://themoviestudio.com/.
Forward Looking Statements and Disclaimer
Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company's future revenues or results of operations.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=3079786