Wonderfilm Announces 8 Movies Already Green-Lit for Shooting in 2020, Representing $60 Million US in Production Budgets
31 Juli 2019 - 3:06PM
via NEWMEDIAWIRE -- The Wonderfilm Media Corporation (TSXV: WNDR)
(OTC: WDRFF), (“Wonderfilm” or the “Company”), a leading
entertainment company with offices in Beverly Hills, United States
and Vancouver, Canada, recently interviewed on the Midas Letter
with Jim West. CEO Kirk Shaw shares how the Wonderfilm company has
found success with the business model of “Low-Risk Film Financing”
viewable at
https://midasletter.com/2019/06/the-wonderfilm-media-corp-cvewndr-low-risk-film-financing/.
The company also announced its June 30th fiscal year-end
production update has 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.
Zombie Tidal Wave (ZTW), produced by Ian Ziering himself, along
with Wonderfilm, was directed by long-time Sharknado director
Anthony C. Ferrante. Zombie Tidal Wave will fill the
Sharknado void as the popular yearly movie series came to a close
last year. This year, “ZTW” will headline “Off the Deep End
Weekend,” filled with fan favorite SYFY original shark movies,
including a complete encore airing of all six Sharknado movies.
Trailer can be viewed here:
https://www.youtube.com/watch?v=oaf63JYTGrY
The Fanatic was directed by Fred Durst, and starring John
Travolta, who plays the character “Moose”, a rabid film fan who
stalks his favorite action hero and destroys the star's life. Its
theatrical release is on August 30, 2019, followed by a release on
streaming platforms. Trailer can be viewed here:
https://www.youtube.com/watch?v=go6AW7sPW84&t=49s
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 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.
About Wonderfilm Media
Wonderfilm 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.
About Midas Letter
Midas Letter is the journal of “best-in-class” companies in all
sectors. Publisher James West is a recognized authority on
investing in the emerging company segment having been a regularly
featured guest on Business News Network, CNBC, Bloomberg, Reuters,
CTV and most recently as investment columnist in the Financial
Post.
Cautionary Statements
This 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) 638-4890
or
Resources Unlimited
Investor Relations for Wonderfilm
Telephone: (860) 908-4133
Email: info@resourcesunlimitedllc.com
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