LOS ANGELES, June 3, 2013 /PRNewswire/ -- Writers' Group
Film Corp. (OTCQB: WRIT) and its wholly-owned subsidiary Front Row
Networks, Inc., a Los
Angeles-based production and distribution company, announced
its projected revenue estimates for its acquired family feature
"BRAZIL IN 3D." Recently Writers'
Group acquired English-language rights to this 3D family feature,
produced with both animation and live action. The Company is
actively pursuing other finished family entertainment product that
is being offered in the marketplace, and that fits within its new
strategic initiatives.
In order to distribute "BRAZIL IN 3D" in the licensed territory, the
Company must first incur the time and expense of dubbing the entire
film. In this case, "dubbing" refers to the substitution of the
voices of the actors shown on the screen speaking Portuguese, by
those of different performers speaking in English language. In
addition, other expenses include the creation or conversion of
marketing materials into English language. The Company estimates
this process will take 60-90 days.
"Through our various distribution arrangements, Writers' Group
is well positioned to distribute this project via the following
distribution windows: theatrical, television, home video,
video-on-demand, mobile applications and online streaming. We
believe the story line of "BRAZIL
IN 3D" also lends itself to educational and travel-related content
channels and we intend to leverage these avenues," said
Eric Mitchell, President of Writers'
Group.
With these various distribution windows in mind, the Company
estimates, based on third party sales projections and current
circumstances in the industry, that the project will generate
$500,000 in net revenues from TV and
other sales in the 4th quarter of 2013, and then
continue to generate revenues over the next 3-5 years from the
sales generated by the video-on-demand and mobile platforms.
Additionally, the project was acquired with the intent of
Management to purchase and/or co-produce additional 3D animated and
live family content that would supplement and enhance the revenues
of "BRAZIL IN 3D" and in essence
create a series of family and travel related content.
Companies: WRIT GRP FILM
CORP(http://finance.yahoo.com/q/h?s=WRIT) , FRONT ROW
NETWORKS (http://frnetworks.com/)
Cautionary Note Regarding Forward-Looking Statements
Except for the historical information contained herein, the
matters discussed in this press release are forward-looking
statements that involve risks and uncertainties that could cause
actual results to differ materially from those predicted by such
forward-looking statements. Investors are cautioned that all
forward-looking statements involve risks and uncertainties,
including, but not limited to, those discussed in the Company's
latest 10-Q filed February 14, 2013.
The company undertakes no obligation to publicly update or revise
any forward-looking statement, whether as a result of new
information, future events or otherwise.
CONTACT:
Front Row Networks
Rebecca Bieker
Phone: 310.461.3737
info@frnetworks.com
Website: www.FRNetworks.com
SOURCE Writers' Group Film Corp.