DreamWorks Film Library Sale for $900 Million; SuperVision Film Library Acquisition Means Approximate $650 Million Cash Windfall
14 Julho 2008 - 5:01AM
Marketwired
LOS ANGELES, CA
Following the sale of the DreamWorks film library of 59 films to
a private investment group led by George Soros for $900 million,
SuperVision is pleased to announce that it has completed the
purchase of a film and television library with almost 1,000
titles.
The library is expected to have a future cash value to the
company of approximately $650 million as it is fed through the
various distribution avenues available to the company through its
entertainment subsidiaries.
The company's subsidiaries presently have about 100 signed
contracts for VOD (video on demand) with major companies around the
world such as Google, Netflix, Bit Torrent, and many others. This
area of direct distribution is rapidly expanding and replacing the
old model of video and DVD stores.
With this acquisition SuperVision is rapidly approaching the
target of having 50,000 titles in its library making SuperVision a
leader in the field. The company is actively pursuing the purchase
of additional library content to further expand the title catalogue
to over 100,000 titles.
All film and television producers worldwide, as well as
television stations sitting on program inventory of any kind, are
encouraged to contact the company to discuss distribution and or
purchase of their films, television shows or archival and news
footage.
For further info contact: superv0007@hotmail.com
Safe Harbor Statement
All statements other than statements of historical fact included
in this press release are "forward looking statements." The
forward-looking statements, including statements about the
Company's future, revenues and earnings, and all other forward
looking statements (i.e. future operational results and sales) are
subject to assumptions and beliefs based on current information
known to the Company and are factors that are subject to
uncertainties, risks and other influences which are outside the
Company's control, and which may yield results differing materially
and substantially from those anticipated. Any reference to a
private placement is not an offering or a solicitation of any kind
and is to be considered a notice only. All information is subject
to change.
Contact: SuperVision Entertainment Inc. Email Contact
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