Quizam Media Corp.

Quizam Media Corp.

November 23, 2015 09:15 ET

BlackRock Finances Aviron

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 23, 2015) - Quizam Media Corporation ("Quizam" or the "Company") (TSX VENTURE:QQ), through its President Russ Rossi, is pleased to announce that BlackRock Multi-Sector Income Trust ("BlackRock") completed a credit financing for Aviron Pictures, a new motion picture distribution company headquartered in Beverly Hills, California ("Aviron"). Quizam, through its subsidiary, holds a 10% interest in Aviron, as previously announced.

"BlackRock is trusted to manage more money than any other investment firm in the world," said Rossi. "BlackRock's and Quizam's respective investments in Aviron reflect confidence in its unique model and is a positive sign for independent filmmakers. As a new acquisitions and distribution company, Aviron is aggressively looking for the best independently produced movies that it can thoughtfully market to the mainstream."

The deal with BlackRock provides a substantial credit facility that should allow Aviron to achieve its goal to acquire, market, and distribute upwards of 8 wide release films a year, with competitive marketing budgets (Prints & Advertising). The credit facility, entered into on October 20, 2015, is a component of the milestones provided for in Quizam's acquisition of its interest in Aviron, as previously disclosed.

"We have carefully evaluated the film distribution sector of the entertainment industry and are intrigued by the attractive risk-adjusted returns, particularly in this asset class, which is not correlated to the stock market," said David Dinerstein, an advisor to Aviron on the BlackRock transaction and former president of Paramount Classics. "Most impressive is Aviron's business model that properly aligns interest with its capital partners and with independent filmmakers. Aviron's respect for capital, disciplined risk management protocols, and transparency is rather unique in Hollywood," continued Dinerstein.

Added Rossi, "As the entertainment industry continues to experience tectonic shifts and major studios continue to focus on tentpole programming, there are profound opportunities for well capitalized film distributors like Aviron Pictures to acquire and distribute quality filmed entertainment in North America."

About Quizam Media and Quizam Entertainment LLC

Quizam Entertainment LLC is a wholly owned subsidiary of Quizam Media. Quizam Entertainment is a producer, aggregator, marketer, distributor and broadcaster of movie entertainment. In addition Quizam Entertainment LLC owns a 10% non-dilutable interest in Aviron Group LLC - www.quizamentertainment.com.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and nature of potential acquisitions, joint ventures, partnerships, business dealings and financings, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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