SOURCE: Entertainment Capital Corporation

July 07, 2006 09:15 ET

Entertainment Capital Corporation Announces FilmMates Entertainment Royalties Agreement With Fintage House

LOS ANGELES, CA -- (MARKET WIRE) -- July 7, 2006 -- Entertainment Capital Corporation, whose focus is to invest in companies engaged in various aspects of the entertainment industry, today announced that portfolio investment FilmMates Entertainment, Inc., a Los Angeles-based film acquisition, finance, production and distribution company, has entered into a four year exclusive agreement with Fintage House that is designed to maximize the royalty revenues derived from the properties distributed by FilmMates Entertainment.

Fintage House, a leader in the field of providing financial solutions to the rights holders and creators in the global entertainment industry, will focus on the collection royalties from the film, television and other projects that FilmMates Entertainment distributes internationally.

"With the broad range of theatrical films, television and home entertainment/DVD properties that FilmMates Entertainment distributes in worldwide markets, the collection of royalties is an extremely important endeavor, and Fintage House is a premier partner in this field," stated John Bailey, chief executive officer of Entertainment Capital Corporation. "Due to the significance of royalty payments as a revenue stream for FilmMates Entertainment, we believe this agreement will have a tremendous impact on the future financial performance of this portfolio company.

"Beyond the revenue implications, Fintage House is expected to play an important role in protecting copyrights and image rights for properties distributed by FilmMates Entertainment. This safeguarding of rights takes on added significance as FilmMates increases the number of film properties in its library and expands its distribution into a greater number of global markets," said Mr. Bailey.

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About Fintage House

Based in the Netherlands, Fintage House is a leading worldwide administration company specializing in collections for rights holders in the music, film and television industries. For almost two decades, Fintage House has set entertainment industry standards for the services that it provides. Fintage House specializes in providing customized solutions, avoiding unnecessary complexity. Its goal is to maximize and secure the revenues from the exploitation of entertainment assets, such as film and television productions, music compositions and the rights in image and likeness of athletes and models. Clients' copyrights and image rights are valuable assets that need a long-term strategy to develop and grow. Fintage House protects these rights, identifies their hidden values and provides effective, tailor-made solutions to increase their value. Fintage House has main offices in the Netherlands, Hungary and the United Kingdom and has representatives in Australia, Japan, Italy, Spain and the USA.

About FilmMates Entertainment, Inc.

FilmMates Entertainment, Inc. is a global motion picture financing, production and distribution company that acquires content for theatrical, television, home entertainment and portable digital markets. In January 2006, the company entered into a multi-year home video distribution agreement with Vivendi Visual Entertainment (VVE), a division of Universal Music Group Distribution (UMGD). Founded in November 2001 as a fund acquiring films from promising, young directors, FilmMates Entertainment currently has a film library of 41 theatrical and direct-to-DVD releases. For more information, please visit www.filmmates.net. Entertainment Capital Corporation owns a controlling interest in FilmMates Entertainment, Inc.

About Entertainment Capital Corporation

Entertainment Capital Corporation (www.entertainmentcapitalcorp.net), a business development company pursuant to the Investment Company Act of 1940, was formed to build a portfolio of investments in the entertainment industry, including companies engaged in movies, music, home video, television and related projects. In addition to portfolio company FilmMates Entertainment, Inc., Entertainment Capital Corporation has acquired a 100% interest in Roma Music Group, Inc., a privately held Nevada corporation, which is comprised of two divisions, a music publishing arm that owns and administrates copyrights to music for film properties and a record label that produces and distributes soundtracks and new recording artists.

Contact Information

  • Contact:
    Gemini Financial Communications
    for Entertainment Capital Corporation
    A. Beyer
    951-587-8072
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