SOURCE: SuperVision Entertainment Inc.

July 14, 2008 04:01 ET

DreamWorks Film Library Sale for $900 Million; SuperVision Film Library Acquisition Means Approximate $650 Million Cash Windfall for Company

LOS ANGELES, CA--(Marketwire - July 14, 2008) - SuperVision Entertainment Inc. -- (PINKSHEETS: SVET)

Following the sale of the DreamWorks film library of 59 films to a private investment group led by George Soros for $900 million, SuperVision is pleased to announce that it has completed the purchase of a film and television library with almost 1,000 titles.

The library is expected to have a future cash value to the company of approximately $650 million as it is fed through the various distribution avenues available to the company through its entertainment subsidiaries.

The company's subsidiaries presently have about 100 signed contracts for VOD (video on demand) with major companies around the world such as Google, Netflix, Bit Torrent, and many others. This area of direct distribution is rapidly expanding and replacing the old model of video and DVD stores.

With this acquisition SuperVision is rapidly approaching the target of having 50,000 titles in its library making SuperVision a leader in the field. The company is actively pursuing the purchase of additional library content to further expand the title catalogue to over 100,000 titles.

All film and television producers worldwide, as well as television stations sitting on program inventory of any kind, are encouraged to contact the company to discuss distribution and or purchase of their films, television shows or archival and news footage.

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