6. Notes Payable Under Film Participation Agreements
To finance funding of film projects, FMLY has obtained advances from outside investors that want to participate in specific projects. During the year ended June 30, 2005, we received an aggregate of $4,929,719 from Tau Entertainment (Elisa Salinas) and Scorched Earth Entertainment for investment in specific projects.
During the nine months ended March 31, 2006 FMLY received $800,000 of advances from E F F Partners LLC, $72,500 of advances from Scorched Earth Entertainment, and $125,000 of advances from Freedom Films. As of March 31, 2006 the balance outstanding of notes and loans payable under film participation agreements are as follows:
Posted by QuestSolver on :
I like the fact they released this today before open!!
Revenue Recognition
Revenue from the distribution of motion pictures is recognized as earned under the criteria established by SOP 00-2. FMLY’s revenue cycle is generally one to three years, with the expectation that substantially all revenue will be recognized in the first two years of individual motion pictures. In accordance with SOP 00-2, FMLY considers revenue earned when all of the following have occurred:
• FMLY has a valid sale or licensing agreement in place. • The motion picture is complete and in accordance with the agreement with the customer. • The motion picture has been delivered or is deliverable. • The license period has begun. • The revenue is fixed or determinable and collection is reasonably assured.
We recognize revenue from various sources under the criteria established by SOP 00-2 as follows. __________________
Posted by QuestSolver on :
check out our percentages of current films!
Film Costs, Revenues and Amortization of Film Costs, continued
Following is the percentage make-up of net film costs at March 31, 2006 and June 30, 2005:
March 31, June 30 2006 2005
The Tenant - % 37 % Borderland 81 22 White Air 6 7 Wickerman 4 7 88 Minutes - 5 Total of other individual projects less than 5% 9 22
Total 100 % 100 %
Posted by QuestSolver on :
Excellent!numbers are on the money with the previous projections expected.
This is interesting...
Estimated future cash requirements
FMLY's estimate of net cash requirements for overhead for the next twelve months subsequent to March 31, r 2006, is approximately $115,000 (includes the above fixed cost estimate of $76,400) a month for a twelve month total of $1,380,000.
The estimate of cash in flow (net of film cost and fees) from operations for that time period from projects currently in place is estimated to be approximately $2,000,000. We are unable to estimate beyond this twelve month period because we are still in negotiation on a number of projects.
Posted by Jason0321 on :
Well lets see if the news has any affect on the traders.
Posted by QuestSolver on :
In May 2006 an investor loaned the FMLY $400,000 for period of one year effective April 1, 2006 for which FMLY received net of interest, $375,000.
In May 2006, we received $1,000,000 for bonus producer fees of which $600,000 was paid out to executive officers under their contractual arrangements
Posted by QuestSolver on :
Family Room Entertainment Corp. (“FMLY”) is engaged in various aspects of the motion picture entertainment industry, including development, production, and production services. FMLY develops, produces and performs production related services for the motion picture entertainment industry mainly through the following three wholly-owned subsidiaries: (1) Emmett/Furla Films Productions Corporation (“EFFP”), a California Corporation involved in motion picture development, production, and production related services for high budget motion pictures (in excess of $20,000,000). EFFP’s subsidiary, Good Entertainment Service, Inc. (“GESI”), a Delaware Corporation, was originally a production servicing company and produced one motion picture “Good Advice” in the year 2000. Currently GESI is the subsidiary that signs with the film and entertainment industry guilds when the contracted resource is a member of such guild; (2) Emmett Furla Films Distribution LLC, (EFFD) is a Delaware Limited Liability Company set up to contract with third parties for the world wide distribution and/or exploitation of FMLY’s wholly owned and or controlled entertainment properties, and (3) EFF Independent, Inc. (“EFFI”) a California Corporation, is setup primarily to develop and provide production related services for low budget motion picture (less than $20,000,000).
Posted by QuestSolver on :
6. Notes Payable Under Film Participation Agreements
To finance funding of film projects, FMLY has obtained advances from outside investors that want to participate in specific projects. During the year ended June 30, 2005, we received an aggregate of $4,929,719 from Tau Entertainment (Elisa Salinas) and Scorched Earth Entertainment for investment in specific projects.
During the nine months ended March 31, 2006 FMLY received $800,000 of advances from E F F Partners LLC, $72,500 of advances from Scorched Earth Entertainment, and $125,000 of advances from Freedom Films. As of March 31, 2006 the balance outstanding of notes and loans payable under film participation agreements are as
Estimated future cash requirements
FMLY's estimate of net cash requirements for overhead for the next twelve months subsequent to March 31, r 2006, is approximately $115,000 (includes the above fixed cost estimate of $76,400) a month for a twelve month total of $1,380,000.
The estimate of cash in flow (net of film cost and fees) from operations for that time period from projects currently in place is estimated to be approximately $2,000,000. We are unable to estimate beyond this twelve month period because we are still in negotiation on a number of projects.
In May 2006 an investor loaned the FMLY $400,000 for period of one year effective April 1, 2006 for which FMLY received net of interest, $375,000.
In May 2006, we received $1,000,000 for bonus producer fees of which $600,000 was paid out to executive officers under their contractual arrangements
Posted by QuestSolver on :
Revenue increase!!
Nine Months Ended March 31, 2006 Versus Nine Months Ended March 31, 2005
The Company’s operating revenue for the nine months ended March 31, 2006 was $2,431,028, as compared to $1,382,522 for the same period ended March 31, 2005 for an increase of $1,048,506 (75%). The increase was mainly attributed an increase in distribution revenue of $1,405,394, and film production fees of $5,250, offset by a decrease in royalties of $250,138 and a decrease in producer fees of $112,000.
Costs relating to the operating revenues i.e. film amortization and/or film write-off costs) were $2,755,032 for the nine months ended March 31, 2006 as compared to 1,024,185 for the same period ended March 31, 2005 for an increase of $1,730,847 (169%). These costs mainly consist of film amortization and write off of film costs for the respective time period ( See Note 5).
The Company's gross margin for the nine-month period ended March 31, 2006 was $(334,004) as compared to $358,337 for the same period ended March 31, 2005 for a reduction of $692,341 (191%). The reduction in gross margin is directly attributable to an increase in film amortization. .
Posted by QuestSolver on :
with a major revenue increase and they look like they will be debt free by no later then November but could be debt free by June 30th!This is pretty much right where we expected though and thats what I like along with the info on the previous films and percentages.An increase across the board in revs is a big plus and the direction the company is going is now clear.
Posted by QuestSolver on :
news on another one in the "Family"
Gangsta rapper hits Cannes Tue May 23 2006
Gangsta rapper 50 Cent has made an uncharacteristic appearance in Cannes to promote his latest film. Home Of The Brave, 50's second feature film, is about US soldiers returning home from Iraq. The body-building rapper, who is said to have been shot nine times in real life, says filming in a war zone gave him a whole new perspective on fear. He said that God told him he was going to die, saying: "Being able to go perform and get back on a plane and leave as soon as possible based on what he said to me - it's a whole 'nother experience." The Irwin Winkler-directed film looks at the trauma of US troops returning home from the war. Initially reluctant to cast the rapper because of his image, Winkler was very impressed when he met 50. Winkler said he admired the muscular artist's talent and said: "I found a different man from what the media had pictured." 50 Cent has already enjoyed film success with the autobiographical work Get Rich Or Die Tryin. http://www.itv.com/news/entertainment_484325.html Posted by QuestSolver on :
level 2 looking good so far!! will the DT's play the "sell on news" game?...LOL
Posted by QuestSolver on :
whats good in the revenues: Revenue from producing fees 1 000 000$ Revenue from royalties 1 400 000$
If they have royalties agreements for good movies like 16 Blocks, revenues for next year will be huge
and royalties keep coming quarter after quarter!!
Posted by QuestSolver on :
take a look at the revenue recognition on page 10... "substantially all revenue will be recognized in the first 2 years of individual motion pictures. "
As we can see it takes some time for the sales cycle to go from theatres to DVD's and such. But as they build a pipeline they will make monthly recurring revenue from royalties and that is a very nice thing.
Posted by Jason0321 on :
seeing the stock price go up would be a "very nice thing"
Posted by QuestSolver on :
just stopped back in and now have to head out to another one of our sites for a short time,hope to be back within the hour. I figure the "sell on news" will take place the first hour or so anyway.
Posted by Jo4321 on :
Looks like you were right about the selling on news. This is a great price to get in though (.015) Looks like it may be the bottom.
Jo
Posted by adwald on :
I tried to add to my pot but it doesn't appear anyone is selling. Maybe the MMs are just accummulating for the climb.
Posted by Jo4321 on :
Let's hope so Posted by adwald on :
I have not received a message concerning the 10Q so it may not be public knowledge yet to really drive the price.
Posted by beeb on :
Quest, can you post a link to the 10Q?
Posted by buckstalker on :
looks like we are getting hit with some very undecided direction at the moment based on some of the selling,I do wish they would have included more from 16 Blocks but considering the timeline for income from all the avenues in movie production and release I guess we will get quite a good portion of it during the4 next quarters.This is probably going to flip flop around .015's to .02's for a day or two unless something pops up in the expected 8-k or PR.
Posted by QuestSolver on :
As a result of an accounting error in applying the proper accounting treatment in the recording of convertible notes and warrants and their related debt derivatives pursuant to EITF 19 and SFAS 133 which resulted in significant changes in the financial statements, those financial statements should not be relied upon. Accordingly, Family Room Entertainment Corporation restated its June 30, 2005 year end financials and it March 31, 2005 financials in this Form 10QSB (see Footnote 8) and will restate the September 2005 and December 2005 10QSB’s financial results prospectively. A Form 8-K with be filed shortly. Posted by QuestSolver on :
from the other board and I agree....
At the risk of over simplifying, I offer you the this. The gang at FMLY want to make money to spend money on future projects. They indeed want to be a significant player in the films industry. Lions Gate is now around $9 and George and Randal would enjoy FMLY's pps at that level. They would make $$$$$$$$$$$$$$$ and so would we. SPA would do very well They are not old and are in this to be a couple of names in that industry. Some are fee based, some are performance based, & some might be a combination. I truly beleive they want what we do and are doing a good job staying involved with quality movies with above average to superior talent. Bruce Willis was super in 16 Blocks and that film should have done much better at the box. I trust that was not insulting or results in my own demise.
Good day and Trade well
also
40 to 50% of what FMLY makes goes to the bottom line for shareholders. Given that the executive officers do not draw a salary, it is a fair deal. I prefer that they are 100% motivated to increase the revenues if they want to see any pay:
9. Related Party Transactions
On a majority of the projects FMLY undertakes, FMLY’s chief executive officer and chief operating officer have contractual arrangements with FMLY that provide for their compensation base to be 20% to 30% - George Furla and 30% to 33% - Randall Emmett) of the net producers fees earned by the Company. Net producers’ fees are gross fees, less approved direct costs incurred by FMLY to provide the underlying services. During the nine month period ended March 31, 2006, these executive officers received compensation totaling $709,895, under these contractual arrangements. This compensation is reflected in the cost of the related film project and is ultimately recognized as operating cost-amortization of film costs in the statement of operations.
Posted by adwald on :
Why are things not moving after such a good 10Q?
Posted by 401k on :
Because I am a shareholder...
Posted by adwald on :
I would think this would start moving up slowly. This drop is concerning. Just wondering who is doing the selling.
Posted by QuestSolver on :
hey I just had to run by the house and check on this and my Harley is still running out front...LOL...hey guys just look at IPRE and SSSU and then you will see how much support we have.The company is quite visible and now everyone know (per the filing) just what we actually have....this will be back in the .02's and hopefully higher by late tomorrow imo.....its the penny world,this is what happens!
be back later!!!
Q
Posted by adwald on :
With the pull back yesterday I believe we should get a solid bounce today. If the 10Q comes out in the news then we should get a solid run. Look for it.
Posted by QuestSolver on :
IMO this filing was flat in comparison of the projected revs for the next 2 that will contain the major flicks.Believe me if the 10-Q was even partially bad we would be down to a flat penny not long after open yesterday.The company in this filing clearly put their business plan right in out face and with the projects completed and projects in the works this stock is actually an investment and not a trader at all.Now unless they start pumping out S-8's for no reason I don't plan on selling a single share here,I am fine letting it sit because I know at some point down the road it will prove EXTREMELY profitable.
Posted by QuestSolver on :
from the other board..
FMLY did in the first 9 months $2,431,028 vs $2,331,000 for all of last year (12 Months) ending June 30, 2005 and $745,000 for 2004 $1,005,000 for 2003 $816,000 for 2002 Just a big difference (I might be reading this wrong)) We could easily hit 4M for the year with so much in production and also considering the last 2 quarters sucked with the income.... I just have a feeling that its just a matter of time....
Posted by QuestSolver on :
heres what happens on a day like yesterday.....by Thursday this all will be differant,this is a very short term fluctuation....BTW the RSI is bearish today but will likely lean Bullish late tomorrow....http://www.stockta.com/cgi-bin/analy...nd=&mode=stock
man as much as I don't like charting OTCbb's this damn FMLY is acting more like a big board play per the charts.
Composite Indicator -- Signal -- -- Strength -- -- Direction -- Trend Spotter (TM) Hold Falling
Short Term Indicators 7 Day Average Directional Indicator Sell Minimum Strongest 10 - 8 Day Moving Average Hilo Channel Sell Weak Weakest 20 Day Moving Average vs Price Sell Minimum Strongest 20 - 50 Day MACD Oscillator Buy Average Strongest 20 Day Bollinger Bands Hold Bearish
Short Term Indicators Average: 40% - Sell
Medium Term Indicators 40 Day Commodity Channel Index Hold Bearish 50 Day Moving Average vs Price Sell Minimum Strongest 20 - 100 Day MACD Oscillator Buy Minimum Strengthening 50 Day Parabolic Time/Price Sell Average Strongest
Medium Term Indicators Average: 25% - Sell
Long Term Indicators 60 Day Commodity Channel Index Hold Bearish 100 Day Moving Average vs Price Buy Minimum Weakest 50 - 100 Day MACD Oscillator Buy Minimum Weakest
Long Term Indicators Average: 67% - Buy
Overall Average: 8% - Sell
Posted by adwald on :
That is where I am sitting is the long term. With all of the projects they have in the works it can do nothing but soar.
Posted by RJD2000 on :
This stock will rock. It may go down for a few more days, I hope not for all that are involved. My investment news letter said that it would dip to .01 then run to +.02. Its a good time to buy more shares. I am in agrement with all that are involved that the upside potential is huge. The next few days may be rocky but we will rock in the end.
Green days are ahead maybe even today!
GoGooGoooGOOOOOOOOOO!!!! FMLY
Posted by QuestSolver on :
soon it will sink in and many will realize this will be a serious investment.
Revs: •revenues for the fiscal year ended June 30, 2005: $2,330,534
•revenue for the three months ended March 31, 2006: $121,203 •for the same period ended March 31, 2005: $111,965 for a increase of $9,238 (8%)
•revenue for the nine months ended March 31, 2006: $2,431,028 •for the same period ended March 31, 2005: $1,382,522 for an increase of $1,048,506 (75%)
Costs: •for the three months ending March 31,2006: $205,157 •for the same period ending March 31, 2004: $147,124 for an increase of $58,033 (39%)
•for the nine months ended March 31, 2006: $2,755,032 •for the same period ended March 31, 2005: $1,024,185 an increase of $1,730,847 (169%).
Margin: •gross margin for the three-month period ended March 31, 2006: $(83,954) •for the same period ended March 31,2005: $(35,159) for a decrease of $48,795 (139%).
•gross margin for the nine-month period ended March 31, 2006: $(334,004) •for the same period ended March 31, 2005: $358,337 for a reduction of $692,341 (191%).
Posted by QuestSolver on :
our holdings from the other board.
Posted by Boss1 on :
count me in for 145,000, I'm with a .017 avg.
Posted by QuestSolver on :
Last Trade: 5/24/2006 3:59:00 PM Last 0.016 Change 0 / - Prev. Close 0.016 Volume 2,002,260 Open 0.014 Day High / Day Low 0.016/ 0.014 Year High / Year Low 0.060/ 0.010 Abnormal Activity NONE Abnormal Volume NO Gap NONE Candle BULLISH Projected Volume 2,002,260 (41%) Volatility Today HIGH Volatility Yesterday HIGH # of Trades / Projected 50 (50) Dividend / Yield - / - Website http://www.fmlyroom.com Latest News Release Five Days Ago Stockhouse Bullboard
Moving Average Indictors 15 Day Trend bullish 45 Day Trend bearish 100 Day Trend bullish Mid Term Moving Average Crossover NONE Long Term Moving Average Crossover NONE
Volatility Indicators Abnormal Activity Today? NONE Volatility Index Today HIGH Volatility Index Yesterday HIGH 10 Day Volatility DECREASING 20 Day Volatility INCREASING 40 Day Volatility INCREASING
Volume Indicators 20 Day Avg Vol 4,927,169 Today / 20 Day Avg Vol BELOW 150 Day Avg Vol 2,748,373 Today / 150 Day Avg Vol BELOW Abnormal Volume NO William Volume Accumulation bullish Volume Price Trend bullish Momentum Indicators 10 Day Trend bearish 40 Day Trend bullish 100 Day Trend bullish Stochastics bearish RSI bearish MACD bullish Moving Average Indictors 15 Day Trend bullish 45 Day Trend bearish 100 Day Trend bullish Mid Term Moving Average Crossover NONE Long Term Moving Average Crossover NONE Volatility Indicators Abnormal Activity Today? NONE Volatility Index Today HIGH Volatility Index Yesterday HIGH 10 Day Volatility DECREASING 20 Day Volatility INCREASING 40 Day Volatility INCREASING Last Trade: 5/24/2006 3:59:00 PM Last 0.016 Change 0 / - Prev. Close 0.016 Volume 2,002,260 Open 0.014 Day High / Day Low 0.016/ 0.014 Year High / Year Low 0.060/ 0.010 Abnormal Activity NONE Abnormal Volume NO Gap NONE Candle BULLISH Projected Volume 2,002,260 (41%) Volatility Today HIGH Volatility Yesterday HIGH # of Trades / Projected 50 (50) Dividend / Yield - / - Website http://www.fmlyroom.com Latest News Release Five Days Ago Stockhouse Bullboard
Posted by QuestSolver on :
Chart Indicators Ind. short Inter Long EMA Bu Bu N MACD VBu VBu VBu RSI Be TDD Be Fibs Be Bu Be Highs N N N Lows Bu N N Trends N N N Stoch. Bu VBu=Very Bullish, Bu=Bullish N=Neutral Be=Bearish, VBe=Very Bearish
Movies scheduled to end today: BARGAIN MOVIES 16 Blocks (PG-13) ***(1 hr 50 min) Bruce Willis is an aging cop assigned to escort a witness (Mos Def) into court. But he discovers there are a lot of forces trying to prevent that. Palace West: Today at 1:45, 4:50, 7:20 & 9:40. http://www.kansas.com/mld/kansas/ent...t/14658749.htm
Sun screens Hollywood executives are hoping new offerings will mean sunny days are here again. But they haven't forgotten the old favorites.
SEPT. 1 The Wicker Man: Director Neil LaBute (Your Friends and Neighbors) remakes a creepy 1973 British thriller based on Anthony Shaffer's novel. Nicolas Cage stars as a sheriff investigating the girl's disappearance from a pagan village. http://www.sptimes.com/2006/05/25/We..._screens.shtml May 25, 2006
Thompson, NBC Uni roll dice again On the feature side, Thompson wrote the hit "The Fast and the Furious" and penned the upcoming thriller "88 Minutes," starring Al Pacino http://www.hollywoodreporter.com/thr..._id=1002575625 ROB ZOMBIE To Host TURNER CLASSIC MOVIES' 'TCM Underground' - May 25, 2006 Turner Classic Movies (TCM) is taking a walk on the wild side as it welcomes auteur filmmaker and legendary rocker Rob Zombie as the host of the network's newest weekly movie showcase, "TCM Underground". The late-night franchise, which will feature off-the-wall movies chosen and introduced by Zombie, is set to launch in October.
"'TCM Underground' will serve as home to some of the truly visionary cult films that have been made over the past century, from stylish horror movies to offbeat black comedies," said Tom Karsch, executive vice president and general manager for TCM. "We are proud to have a talent like Rob Zombie hosting this showcase, which is certain to broaden TCM's appeal beyond our loyal core audience."
Among the movies set to be featured in the "TCM Underground" are Suzuki Seijun's stylish Yakuza flick "Tokyo Drifter", horror master George Romero's "The Crazies", Ed Wood's "Bride Of The Monster" and Francis Coppola's creepy "Dementia 13", as well as Leonard Castle's offbeat "The Honeymoon Killers", the story of which also serves as the basis for the new thriller "Lonely Hearts", starring John Travolta, James Gandolfini, Salma Hayek, Jared Leto and Laura Dern. http://www.roadrunnerrecords.com/bla...wsitemID=52782 "Wicker Man" "Cage"
Venice Film Festival moves into focus Reuters.uk - UK ... Other strong US contenders include "The Wicker Man," starring Cage, and Darren Aronofsky's sci-fi drama "The Fountain," featuring Hugh Jackman and Rachel Weisz ... http://today.reuters.co.uk/news/news..._UK-VENICE.xml Posted by QuestSolver on :
New numbers and this includes you to Boss.Today we are trying to coordinate a set sell for all we can above .07 to .10 to see if this has any effect at all,I am not sure it will but we are testing due to another traders insistance that it will....don't hurt to try eh....LOL...and BTW about another million shares of our holdings came in after the list was calculated.
Posted by QuestSolver on :
everyone knows I hate charting pennies but you just can't ignore this...
Posted by QuestSolver on :
for anyone who didn't believe the Lionsgate connection.
Posted by QuestSolver on :
and anyone who knows FMLY already knows we own 100% of EFF
Posted by QuestSolver on :
from Wenshar on another board
Metro-Goldwyn-Mayer Studios Inc. (MGM) has acquired all rights, including theatrical, home video and television, to the Irwin Winkler-directed Home of The Brave from Nu Image/Millennium Films, which will be produced in association with Emmett/Furla Films.
Home of the Brave is indicative of the high quality filmmaking and compelling entertainment experience that MGM will once again be recognized for."
Winkler added: I have had a long and successful association with MGM and look forward to continuing it with the new MGM management team."
Lerner stated: "I am pleased to be in business with MGM, which is the best studio for the film. The new management team is talented, experienced and savvy when it comes to distributing and marketing films. They know how to make this movie stand out."
It doesn't look like we had a chance not to go with MGM on this one. I think MGM will be one of our "best" friends in the future. Well that means Sony also.
Interesting to note what is happening with Rocky:
"Rocky Balboa" represents a unique three way partnership between Revolution Studios, Sony Pictures Entertainment and MGM. Since the "Rocky" series was originally distributed by MGM, the partners jointly decided that the film could and should take advantage of MGM's newly reinvigorated domestic distribution apparatus.
.....
Under the supervision of new Chairman and CEO Harry Sloan, MGM is revitalizing all areas of the company. As a result, the studio is now being positioned as an independent, vertical integrated multi-media company. MGM ownership is currently as follows: Providence Equity Partners (29%), Texas Pacific Group (21%), Sony Corporation of America (20%), Comcast (20%), DLJ Merchant Banking Partners (7%) and Quadrangle Group (3%). For more information,
Posted by MoneyMoneyMoney on :
I like the sound of that!! More money with bigger players. I only have 30k shares but will look for another 20-30k. ALL IMO, do your own DD.
Posted by QuestSolver on :
quote:Originally posted by MoneyMoneyMoney: I like the sound of that!! More money with bigger players. I only have 30k shares but will look for another 20-30k. ALL IMO, do your own DD.
I'll have it added to the total count today! we are looking at a total of over 20% of the OS and we are now in the process of generating a letter for a consolidated contact with ideas which include undating their webpage. We also did this with CLBE which at first was very similar to FMLY in trading habits and we took that to the double digits 3 times now.Its declined now until maybe September when it will get active again.
Posted by QuestSolver on :
Originally Posted by Spaghetti48236 Family Room telephone number from the SEC filing:
Business Address 8530 WILSHIRE BLVD. SUITE 420 BEVERLY HILLS CA 90211 323.850.2800
Posted by Dustoff101 on :
Quest, ya might think about posting this on a new thread on Hot stocks thread....Time for another play on this one?
Posted by Boss1 on :
I just put an order in for 100,000 more shares. I'll post after it goes through.
Posted by QuestSolver on :
Dustoff,do you think? maybe I'll transfer important info if I have time unless you want to go ahead and start it,been running around a lot today and Boss...let me know and I will take it to the other board and add it to the count.This company has far too much going for them realistically to be at these levels much longer imo.They are probably the most transparent penny stock I have ever been in.
Posted by QuestSolver on :
The company that produced "Blind Horizon," which starred Val Kilmer, has paid back its loan of $4.8 million. The loan for Lions Gate Entertainment, which produced the TV series "Wildfire" wasn't due until April 2008, but the producers paid it off months ago. http://www.freenewmexican.com/news/44317.html
FILM/TV BITS: ‘X-Men’s’ b.o.; Berry’s toe; Perry’s ‘Girl’; ‘Snakes’ Web site; Lionsgate gets ‘Brave’; Glover ‘Rewinds’; Star & Al; G. Garvin & Tyson foods.
*Speaking of Samuel L., MGM has acquired all rights to his upcoming film “Home of the Brave.” The studio has obtained theatrical, home video and television rights to the Irwin Winkler-directed drama from Nu Image/Millennium Films. Jackson, rapper 50 Cent and Jessica Biel star as U.S. troops adjusting to life back home after enduring the physical and emotional toll of war in Iraq. http://eurweb.com/story/eur26611.cfm
Metro-Goldwyn-Mayer
Metro-Goldwyn-Mayer Inc. is an independent, privately-held motion picture, television, home video, and theatrical production and distribution company. The company owns the world's largest library of modern films, comprising approximately 4,000 titles, and over 10,400 episodes of television programming. Its film library has received 208 Academy Awards, one of the largest award winning collections in the world, and includes numerous successful film franchises, including James Bond, Pink Panther and Rocky. MGM is owned by an investor consortium comprised of Providence Equity Partners, Texas Pacific Group, Sony Corporation of America, Comcast Corporation, DLJ Merchant Banking Partners and Quadrangle Group.
Clip & Still Licensing:
License audio, video and photo stills from the MGM, United Artists, Orion, Polygram and Cannon libraries.
not a single share passed yet?
Posted by buckstalker on :
Nada
Posted by Boss1 on :
All right, I now have a total of 240,000 shares, now lets see this move. We need volume!!! (I think everyone ate too many hot dogs this weekend)
Posted by vaquero on :
Wow... What's it going to take to get this thing moving again? Hopefully summer releases will get it stirring.
![[Smile]](smile.gif)
