SOURCE: Seven Arts Pictures plc

Seven Arts Pictures plc

December 01, 2010 13:27 ET

Seven Arts Launches Multi-Genre Louisiana-Based Production Venture "Esplanade Pictures LLC"

HOLLYWOOD, CA--(Marketwire - December 1, 2010) - Seven Arts Pictures plc (NASDAQ: SAPX) announced today that it has closed an initial funding of the $2,000,000 private placement for its new affiliate, Esplanade Pictures LLC ("Esplanade"). Esplanade will specialize in producing low-budget genre pictures in Louisiana, building on the strength and resources of its local Seven Arts' affiliate Seven Arts Pictures Louisiana LLC. Esplanade's film projects cover multiple genres and will be produced under three distinct labels: Dark Arts, Bourbon Street and Seven Hearts.

Dark Arts will focus on the production of horror, thriller, dark comedy and science fiction titles. The first Dark Arts picture title is "Schism," written by Adam Gierasch and his partner Jace Anderson and directed by Gierasch. Seven Arts has worked with Gierasch and Anderson previously on "Autopsy" and "Night of the Demons." Following "Schism," Dark Arts will start production on "Thicker," which is based on the short film and festival favorite of the same name. The feature will be directed by Terry Nemeroff and will star Leslie Zemeckis, Peter Facinelli, Guy Pearce and John Goodman.

Bourbon Street will specialize in youth-oriented titles. The first film, "Booty Patrol: Search for the Golden Booty," is scheduled for production and will be directed by David Goldman, the creator of the wildly popular Internet series of the same name.

Seven Hearts will focus on family and faith-based fare. Its first film, "The Horse that Saved Christmas," is a charming story involving a horse, a little girl, and a father who's lost his way but is brought home with the help of a perennial favorite, Santa Claus. This project will be directed by James Hickox.

Peter Hoffman, CEO of Seven Arts, commented, "We are committed to Louisiana film production, which we think offers the best production incentives, crews and a favorable cost structure for independent-based motion pictures. We are excited to announce our film line-up starting with 'Booty Patrol,' 'Schism,' 'Thicker' and 'The Horse That Saved Christmas,' which will continue our successful distribution of genre pictures directed to the youth audience. These titles provide something for everyone, and create a strong pipeline of projects for Seven Arts in the coming year.

About Seven Arts

Seven Arts Pictures plc ("SAP," "7 Arts" or the "Company") 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.

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