SOURCE: Seven Arts Entertainment Inc.

Seven Arts Entertainment Inc.

October 06, 2011 08:30 ET

Seven Arts Entertainment Inc. Subsidiary Big Jake Music Executes North American Distribution Agreement With Entertainment One Distribution

LOS ANGELES, CA--(Marketwire - Oct 6, 2011) - Seven Arts Entertainment Inc. (NASDAQ: SAPX) ("Seven Arts") today announced its subsidiary has executed a Distribution Services Agreement for digital and physical sound recordings with Entertainment One Distribution, the leading and fastest growing independent record company in the United States. Pursuant to the distribution agreement, Big Jake Music, will be releasing Seven Arts film soundtracks, along with proprietary recording artists on a national and global basis. The initial soundtrack releases shall be for the Seven Arts films "Night of the Demons" and "The Pool Boys."

Entertainment One Distribution shall receive fees based upon sales generated, and Big Jake Music shall be responsible for production and marketing costs associated with these releases.

The Company intends to utilize some of its five million dollars in media credits to market these releases via radio, the internet, traditional press, and social media outlets.

eOne Distribution, the largest independent music and video distributor in North America, holds the highest market share of any independent distributor. Through its facilities in New York and Toronto, eOne Distribution manages physical distribution of CD, Blu-ray and DVD inventories and is a leading Internet fulfillment wholesaler of entertainment products through partnerships with the world's largest online retailers. eOne is a leader in digital distribution, aggregating content for multiple partners including iTunes, Netflix, Amazon.com, Sony Playstation, Xbox, eMusic, and Rhapsody.

Jim Cuomo, General Manager and Executive Vice President of eOne, stated: "I am incredibly happy to have found a great artistically based and like-minded partner in Big Jake Music. I'm looking forward to a long and fruitful relationship with them." Jake Shapiro, founder of Big Jake Music added, "From the get-go, I was very impressed with eOne's team, vision, and capabilities. They are a tremendous asset to achieving strong distribution and awareness for our Artists and our soundtracks."

About Seven Arts: Seven Arts Entertainment Inc. is the successor to Seven Arts Pictures Plc, which was founded in 2002 as an independent motion picture production and distribution company engaged in the development, acquisition, financing, production, and licensing of theatrical motion pictures for exhibition in domestic (i.e., the United States and Canada) and foreign theatrical markets, and for subsequent worldwide release in other forms of media, including home video and pay and free television.

About Big Jake Music: Big Jake Music is a newly-formed independent music label and entertainment company whose strategy is to acquire and own the right to distribute sound recordings and musical compositions of music artists and of albums and singles derived from motion picture soundtracks.

Cautionary Information Regarding Forward-Looking Statements: Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from the anticipated.

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