The Movie Studio Inc. Announces Strategic Partnership and Joint Venture With Wonderfilm for Asset Alignment, Co-Production an...
01 April 2019 - 1:14PM
The Movie Studio, Inc. (OTC:
MVES)
www.themoviestudio.com proudly announces a Strategic Partnership
and Joint Venture with Wonderfilm Media Corporation
(OTC:
WDRFF TSXV:
WNDR)
www.wonderfilm.com to align the mutually beneficial assets and
associations between the publicly traded Companies.
The performance covenants between the entities
specifically focuses on “Above the Line” production and
distribution services and associations from Wonderfilm in regard to
The Movie Studio’s current intellectual properties as well as the
additions of additional intellectual properties owned or controlled
by Wonderfilm or its principals during the term of the
agreement.
In addition, the agreement cumulates the
Companies associations, relationships and branding between the
entities while leveraging the strengths of the principal’s
functions to facilitate the production, acquisitions branding and
distribution of the Companies motion picture content on multiple
platforms including domestic, foreign and video on demand (VOD)
platforms.
Upon successful application of the Above the
line services and owned and acquired intellectual properties the
Strategic Partnership and Joint Venture accelerates development of
the infrastructure of The Movie Studios owned intellectual
properties and acquired intellectual properties from Wonderfilm and
utilizes both Companies' unique and synergistic business models
strengthening worldwide distribution pre-sale and negative pick-ups
of the Co-Produced feature films.
The Strategic Partnership and Joint Venture
between the Companies performance covenants(s) augments and
combines substantial talent associations between the entities and
combines substantial production value for application to principal
photography of the motion pictures while significant reducing
duplicitous capital expenditures (CAP-X).
“We are extremely excited about the alliance
with Wonderfilm, its principals, assets and alignment that
synchronize perfectly with our motion picture disruptive ideology
that could translate to substantial accelerated value of jointly
developed motion picture intellectual properties and acquisition
targets while retaining greater shareholder equity and potential
substantial residual value,” Gordon Scott Venters announced
today.
"The Movie Studio is an exciting venture that
broadens Wonderfilm's feature film IP and adds significantly to the
Company's main film production business,” said Kirk Shaw, CEO of
Wonderfilm Media. “In addition to talented people, The Movie Studio
has great projects in development that we look forward to merging
with Wonderfilm's expertise and production slate. This exciting
partnership brings new opportunities for both companies to broaden
films and series production which we expect to further expand
revenue and shareholder returns."
ABOUT WONDERFILM MEDIA
Wonderfilm is a leading publicly traded (TSX Venture Exchange)
entertainment company with production offices in Los Angeles,
corporate offices in Vancouver BC and its Asian distribution office
in Seoul, South Korea. Founded by 4 producers, Kirk Shaw, Daniel
Grodnik, Jeff Bowler and Bret Saxon, the Company's core business is
producing market-driven independent feature films and quality
television series for multi-platform global exploitation. Current
productions include the feature films, Moose (starring John
Travolta) and Primal (starring Nicolas Cage.) Wonderfilm is a
producer and distributor only for the projects disclosed. The legal
ownership of movie productions are held in a special purpose legal
entity held at arm's length to the Company to facilitate for the
qualification of various levels of domestic and foreign government
tax credit incentives that are customary in the film and production
business.
ABOUT KIRK SHAW
Over his 30-year career, Kirk's producer credits exceed 230
movies and six series making him Hollywood's second most prolific
film producer in history. Best known for his business and financing
prowess, Kirk has contributed his talents to both U.S. television
series and feature films, including the Oscar winning, "The Hurt
Locker." Kirk's worked with all major studios, plus many notable
"A" list stars such as Charlize Theron, John Travolta, Woody
Harrelson, Kim Basinger, John Cusack, Ray Liotta, Nicolas Cage,
Thomas Jane and Cuba Gooding Jr. Among his many past successes, is
the creation of Canada's largest production company, Insight Film
Studios, which in 2007 and 08 did $100 million consolidated revenue
each year. To jump-start Wonderfilm’ s production acquisitions and
library exploitation, Kirk vended 46 completed movies into
Wonderfilm.
About the Movie Studio: The Movie Studio, Inc.
operates as a vertically integrated motion picture production and
distribution company. It acquires, develops, produces, and
distributes independent motion picture content for worldwide
consumption in theatrical, video on demand, foreign sales, and on
various media devices. The Movie Studio, Inc. is disrupting
traditional media content delivery systems with its digital
business model of motion picture distribution and intends direct
server access of its content with geo- fractured territories for
worldwide distribution. The company was formerly known as
Destination Television, Inc. and changed its name to The Movie
Studio, Inc. in November 2012. The Movie Studio, Inc. was founded
in 1961 and is headquartered in Fort Lauderdale, Florida.
For information on the Companies, please visit
www.themoviestudio.com www.wonderfilm.com
or contact:
The Movie Studio, Inc.Gordon Scott VentersPresident & Chief
Executive Officer2598 E. Sunrise Blvd. #2104 Ft. Lauderdale,
Florida 33304gsv@themoviestudio.comTelephone: 954-332-6600
Wonderfilm Media Corporation Kirk ShawCEO2412 Columbia Street
Vancouver, BC V5Y 3E6 Canada 604-638-4890kirk@wonderfilm.com
http://www.wonderfilm.com
This release contains forward-looking statements
that involve risks and uncertainties. These statements may differ
materially from actual future events or results, specifically in
the areas of future sales growth and profitability. Forward-looking
statements are inherently subject to risks and uncertainties, some
of which cannot be predicted or quantified. Future events and
actual results could differ materially from those set forth in,
contemplated by, or underlying the forward-looking statements. The
risks and uncertainties to which forward-looking statements are
subject include, but are not limited to, the effect of government
regulation, competition and other material risks.
The Wonderfilm Media (TSXV:WNDR)
Historical Stock Chart
Von Nov 2024 bis Dez 2024
The Wonderfilm Media (TSXV:WNDR)
Historical Stock Chart
Von Dez 2023 bis Dez 2024