Wonderfilm Delivers 7 Movies With 13 Going Into Production
29 Juli 2019 - 2:58PM
via NEWMEDIAWIRE -- The Wonderfilm Media Corporation (TSXV: WNDR)
(OTC: WDRFF), (“Wonderfilm” or the “Company”) announced its
June 30th fiscal year-end production update in which the
Company met all goals, developing, financing and producing seven
features, including Zombie Tidal Wave for NBC/Universal
premiering on SyFy Channel August 17th, Fanatic starring
John Travolta hitting theatres August 30th and the Nicolas
Cage action feature, Primal in theatres November 8th.
Kirk Shaw, CEO: “It’s exciting to have audiences
getting the chance to experience our films and to see individual
film’s revenue streams now starting to kick in as the Company’s
production slate continues to gain momentum. However, as much as
this is a wonderful realization of all our hard work over the past
year, I have to caution that corporately Wonderfilm Revenue is
recognized only after each film is delivered, which means most of
the revenue associated with this year’s production won’t hit the
books until the next fiscal year. But it’s great to finally have
tangible results to point to.”
Currently Wonderfilm has 13 more films in or going
into production with six scheduled to be delivered in the first
quarter of 2020. In fact, 2020 is shaping up to be a much brighter
year with many significant movies and TV Series in our development
queue, including eight features already green-lit for shooting,
representing $60 million US in production budgets. Most notable
among the green-lit features are the horror, Amityville 1974,
in theatres October 2020 and the action film, Inside
Game starring Tyrese Gibson hitting theatres in the fall of
2020. The Company is also currently developing secured valuable IP
rights including the Steve McQueen Story and the book
adaptation, Merchant of Death. Additional details
on Wonderfilm’s expanding 2020 slate will be announced at the
Toronto Film Festival in partnership with our new foreign sales
division, Wonderfilm Global.
Wonderfilm and Wonderfilm Global are preparing a
big splash at this September’s TIFF, announcing a premier in
conjunction with the festival releasing its official
schedule.
The Wonderfilm core producing team of Kirk Shaw,
Shaun Redick, Dan Grodnik, Bret Saxson and Jeff Bowler are busy
broadening and burnishing the Wonderfilm brand by raising the
profile of our films across the industry, attracting “A” list stars
to our productions and widening our theatrical releases. The
company has found success with a business model of “Low-Risk Film
Financing” which CEO Kirk Shaw explains in a recent interview with
the Midas Letter which can be viewed
at https://midasletter.com/2019/06/the-wonderfilm-media-corp-cvewndr-low-risk-film-financing/.About
Wonderfilm MediaWonderfilm is a leading publicly traded (TSX
Venture Exchange) entertainment company with offices in Beverly
Hills, Vancouver, Canada and Seoul, South Korea. Wonderfilm’s main
business is the production of high-quality feature films and
episodic television that offer international appeal through the
Company’s guiding philosophy of bringing new financing solutions to
an entertainment industry increasingly looking for funding and
co-production alternatives. Wonderfilm is a producer and
distributor only for the projects disclosed. The legal ownership of
movie productions is 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.Cautionary StatementsThis press release
contains forward-looking statements that are subject to substantial
risks, uncertainties and assumptions. All statements other than
statements of historical fact contained in
this press release are forward-looking statements. These
statements often include words such as “believe,” “expect,”
“target,” “anticipate,” “forecast,” “intend,” “plan,” “projects,”
“seek,” “will,” “may” or similar expressions. Forward-looking
statements are subject to a number of risks and uncertainties, many
of which involve factors or circumstances that are beyond
Wonderfilm’s control and Wonderfilm’s actual results could well
differ materially from those stated or implied in forward-looking
statements due to many various factors.Although Wonderfilm believes
that the expectations reflected in the forward-looking statements
are reasonable, the Company cannot guarantee that the events and
circumstances reflected in the forward-looking statements will be
achieved or occur. The timing of events and circumstances and
actual results could differ materially from those projected in the
forward-looking statements. Accordingly, one should not place undue
reliance on forward-looking statements. All such reflect the date
made only. Wonderfilm undertakes no obligation to update or
publicly revise any forward-looking statements, whether as a result
of new information, future events or otherwise.For further details,
please see the Company’s documents filed on the System for
Electronic Document Analysis and Retrieval
at www.sedar.com.For further information, please contact:Kirk
Shaw (Chief Executive Officer)Telephone: (604) 638-4890orResources
Unlimited Investor Relations for WonderfilmTelephone: (860)
908-4133Email: info@resourcesunlimitedllc.com
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