HALLANDALE BEACH, FL--(Marketwired - Aug 16, 2016) - The Movie Studio, Inc. (OTC PINK: MVES)
The Movie Studio (http://www.themoviestudio.com) has signed an agreement to acquire the 12 major motion picture Arrowhead Film Library from Arrowhead Target Fund Ltd. -- in liquidation.
Under the terms of the Agreement, The Movie Studio, Inc. a publicly traded company (OTC PINK: MVES) (http://finance.yahoo.com/quote/MVES?p=MVES) shall acquire all rights, title and interest in the Arrowhead Film Library. The Film Library is comprised of 12 digital masters of such blockbuster films as:
"Johnny Mnemonic" with Keanu Reeves (http://www.imdb.com/title/tt0113481/?ref_=fn_al_tt_1)
(According to Wikipedia: Johnny Mnemonic alone had successful worldwide sales grossing $52,400,000, https://en.wikipedia.org/wiki/Johnny_Mnemonic_%28film%29)
Other noteworthy titles include:
"A Shot at Glory" with Oscar winner Robert Duvall (http://www.imdb.com/title/tt0193854/?ref_=fn_al_tt_1)
"I'll Sleep When I'm Dead" with Clive Owens http://www.imdb.com/title/tt0319531/?ref_=fn_al_tt_1
"Never Talk to Strangers" with Antonio Banderas & Rebecca DeMornay (http://www.imdb.com/title/tt0113965/?ref_=fn_al_tt_1)
"No Good Deed" with Samuel L. Jackson (http://www.imdb.com/title/tt0292610/?ref_=fn_al_tt_2)
The Company intends to re-master the movies to High Definition (HD) for worldwide release and re-licensing. The movies have been previously released theatrically by such major studios as Twentieth Century Fox, Paramount, Sony Pictures, New Line Cinema, and Lionsgate.
Based upon information provided by Seven Arts Entertainment, Inc. n/k/a Wireless Connect Inc., on March 31st 2009, The Salter Group valued the Arrowhead Library between $2,500,000 - $ 3,300,000.
The Salter Group is an independent financial and strategic advisory firm that provides financial opinions, valuations, financial and strategic analysis and transaction support to companies in the Entertainment, Media, Life Sciences and diversified industries. Based on the number of US deals completed, the Salter Group has been ranked as a top financial advisor by Thomson Financial for Motion Pictures/Audio Visual deals between as detailed below:
- The #3 financial advisor Worldwide by Thomson Reuters for Motion Pictures/Audio Visual deals based on the number of deals from 2009-2011.
- Top 20 financial advisors in the US by Thomson Reuters for all Media and Entertainment transactions based on the number of deals from 2009-2011.
The firm has completed over 1,350 projects representing over $145 billion in asset values since its inception. The firm is not an investment bank, and therefore has no inherent conflicts of interest. See https://en.wikipedia.org/wiki/Salter_Group
The Movies Studio (OTC PINK: MVES) expects to begin monetizing this acquisition in the 4th quarter of 2016.
"The Movie Studio is extremely excited about acquiring the Arrowhead Library and licensing new available territories, Video On Demand (VOD) platforms and re-licensing existing territories. The Movie Studio intends to add these remastered films into our growing library of pre-existing and new movies."
"The addition of these quality major motion pictures will reflect how we are growing The Movie Studio by the acquisition of existing high quality films combined with producing new 1st run micro-cap films. This bundling strategy can increase our Net Asset Value (NAV) while minimizing downside risk and simultaneously opening up major distribution arteries for The Movie Studio," 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 www.themoviestudio.com
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as such, may involve risks and uncertainties. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from those expressed or implied in such forward-looking statements as a result of a wide range of factors.