HALLANDALE BEACH, FL--(Marketwired - Nov 21, 2016) - The Movie Studio, Inc. (OTC PINK: MVES) ("TMS" or the "Company"), www.TheMovieStudio.com is a vertically integrated motion picture production and distribution company with various completed motion picture assets.
The Movie Studio, Inc. is pleased to make its second announcement of business conducted after the Company's attendance and exhibition of its movies at the recent American Film Market held in Los Angeles, California from the 2nd to the 9th of November, 2016.
On November 4th, 2016, the Company executed a new distribution partnership with FILM MEDYA PRODUKSIYON of Istanbul, Turkey through Cinema Arts Entertainment/Artedis. In addition, the Company is pleased to announce a previous distribution partnership with ION MEDYA also of Istanbul, Turkey through Cinema Arts Entertainment/Artedis which was signed at the 69th Cannes Film Festival in May, 2016. Both distribution partnership agreements are to run concurrently.
The agreements are for an initial term of 10 years and renewable after 2026. As per the agreements, The Movie Studio intends to release 19 films for distribution throughout the territory of Turkey.
When Completed, The following 11 films will be licensed to ION Medya.
"Johnny Mnemonic" starring Keanu Reeves and Dolph Lundgren.
"No Good Deed" starring Samuel L. Jackson and Milla Jovovich.
"I'll Sleep when I'm Dead" starring Clive Owen and Malcolm McDowell.
"Never Talk to Strangers" starring Antonio Banderas & Rebecca DeMornay
"Supercross" with Channing Tatum
"Stander" with Thomas Jane
"Back In The Day" starring Ving Rhames
"A Broken Life" starring Tom Sizemore
"Fractured" starring Callum Blue
"Shooting Gallery" starring Freddie Prinze Jr.
"Exposure" starring Corey Feldman
When Completed, The following 8 films will be licensed to Film Medya Produksiyon.
"A Shot at Glory" starring Oscar winner Robert Duvall
"Drunkboat" starring Emmy award winner John Malkovich
"Asylum" starring Ian McKellen
"Shattered Image" starring William Baldwin
"Deal" starring Burt Reynolds
"Nine Miles Down" starring Adrian Paul
"Noise" starring Tim Robbins
"The Pool Boys" starring Matthew Lillard
The Movie Studio expects to have completed the agreement by delivering the films and receiving full payment within the next 30 days. Cumulative revenues derived from the licensing of these assets are to be released in the Company's next annual report.
"The Movie Studio is extremely excited about licensing quality motion picture titles to new available territories, re-licensing existing territories and new Video On Demand (VOD) platforms. As we continue to establish worldwide distribution agreements leveraging our strategy of growth by acquisition of existing films and bundling of new or pre-existing films can increase shareholder equity and residual net asset value (NAV) while hedging negative NAV impact. We are excited about our newest motion picture distribution partners in Turkey and look forward to a long-term relationship," Gordon Scott Venters President and CEO announced today.
About The Movie Studio Inc.
The Movie Studio, Inc. is a vertically integrated motion picture production and distribution Company with completed motion picture and production assets. The Company acquires, develops, manufactures, and distributes independent motion picture content for worldwide consumption in Theatrical, Video on Demand (VOD), Foreign Sales and on various media devices. For more information, visit http://themoviestudio.com/.
Forward Looking Statements and Disclaimer
Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company's future revenues or results of operations.
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