Wonderfilm Announces Investment in Intellectual Property to Expand Media Library
VANVOUVER, BC /ACCESSWIRE / October 25, 2018 / The Wonderfilm Media Corporation. (TSXV:WNDR), (OTC: WDRFF), ("Wonderfilm" or the "Company") is pleased to announce newly acquired intellectual properties that include the feature film rights to "McQueen", television series rights to James Houston Turner's thrilling novel entitled,"Greco's Game", the previously announced, "Merchant of Death" and "Sought After", alongside other notable scripts and projects such as "Sea Trial" and "Gun Monkey".
"We are extremely happy with both the quantity and quality of our growing IP portfolio, along with the deep pipeline of rights to various properties that Wonderfilm has been actively pursuing", said Wonderfilm's Chief Executive Officer, Kirk Shaw. "We are a strong production team with these high-profile newly acquired rights. These projects excite us as many of them are attracting A-List interest from Hollywood and will be put into production as soon as possible with the potential to provide strong cash flow for Wonderfilm."
Led by Wonderfilm producer, Jeff Bowler,"McQueen" has a unique, edgy and profound viewpoint into the life and career of Hollywood Actor Steve McQueen, which is based on the 2010 biography entitled, "Steve McQueen: The Life And Legend Of A Hollywood Icon", written by Marshall Terrill. "Tremendous interest has already been garnered from A-List talent and major film studios that call for a wide-release theatrical motion picture", said Jeff Bowler. "The acquisition of domestic and foreign feature film rights for a title of this caliber is another major milestone for the Company as we continue down our path to become a world-renowned film and television producer of timeless, original media content." Heading into production, "McQueen" has an anticipated initial budget of $20 million and is expected to be completed in the year 2020.
Wonderfilm has also acquired the television series rights to the critically acclaimed action-thriller novel written by bestselling author James Houston Turner entitled, "Greco's Game". This is a result of a successful bidding war that culminated after an aggressive pursuit of Turner's work, earlier this year. Led by Wonderfilm producer Dan Grodnik, "Greco's Game" and the entire Aleksandr Talanov spy series in which it belongs, has been identified to be capable of producing multiple film and television series as it successfully balances intelligent, action packed and complex plotlines with deep relationship-driven stories and characters that will captivate viewers around the world.
As previously announced on September 5, 2018, "Merchant of Death", the upcoming television series that tells the incredible real-life story of infamous international Russian arms dealer, Viktor Bout, is progressing through production and continuing to receive strong support from the television industry. Other previously announced titles such as "Sought After", "Sea Trial" and "Gun Monkey" have also progressed in recent weeks. Of particular note, "Sea Trial" is currently casting A-List actors/actresses to star in the theatrical wide release.
Wonderfilm is pleased to provide continued updates to investors as they continue executing on their ambitious business plan in a rapid and sustained manner.
Kirk Shaw
Producer & Board of Directors:
Over his 30-year career, Kirk's producercredits exceed 230 movies and six series making him Hollywood's second mostprolific film producer in history. Best known for his business and financingprowess, Kirk has contributed his talents to both U.S. television series andfeature films, including the Oscar winning, "The Hurt Locker." Kirk's workedwith all major studios, plus many notable "A" list stars such as Charlize Theron,John Travolta, Woody Harrelson, Kim Basinger, John Cusack, Ray Liotta, NicolasCage, Thomas Jane and Cuba Gooding Jr. Among his many past successes, is thecreation of Canada's largest production company, Insight Film Studios, which in2007 and 08 did $100 million consolidated revenue each year. To jump-startWonderfilm's production acquisitions and library exploitation, Kirk vended 46completed movies into Wonderfilm.
As CEO of Wonderfilm, Kirk remains on thecutting edge of industry trends, actively shaping Wonderfilm's financing andproduction packaging to meet the demands of a fast-changing industry.
Neither the TSXVenture Exchange Inc. ("Exchange") nor its regulation services provider (asthat term is defined in the policies of the Exchange) accepts responsibilityfor the adequacy or accuracy of this press release.
About Wonderfilm Media
Wonderfilm is a leading publicly traded (TSXVenture Exchange) entertainment company with offices in Beverly Hills,Vancouver, Canada and Seoul, South Korea. Wonderfilm's main business is theproduction of high-quality feature films and episodic television that offerinternational appeal through the Company's guiding philosophy of bringing newfinancing solutions to an entertainment industry increasingly looking forfunding and co-production alternatives.Wonderfilm is a producerand distributor only for the projects disclosed.The legal ownership of movie productions areheld in a special purpose legal entity held at arm's length to the Company tofacilitate for the qualification of various levels of domestic and foreigngovernment tax credit incentives that are customary in the film and productionbusiness.
Cautionary Statements
This press release contains forward-lookingstatements that are subject to substantial risks, uncertainties andassumptions. All statements other than statements of historical fact containedin this press release are forward-looking statements. These statements ofteninclude words such as "believe," "expect," "target,""anticipate," "forecast," "intend," "plan,""projects," "seek," "will," "may" orsimilar expressions. Forward-looking statements are subject to a number ofrisks and uncertainties, many of which involve factors or circumstances thatare beyond Wonderfilm's control and Wonderfilm's actual results could welldiffer materially from those stated or implied in forward-looking statementsdue to many various factors.
Although Wonderfilm believes that theexpectations reflected in the forward-looking statements are reasonable, theCompany cannot guarantee that the events and circumstances reflected in theforward-looking statements will be achieved or occur. The timing of events andcircumstances and actual results could differ materially from those projectedin the forward-looking statements. Accordingly, one should not place unduereliance on forward-looking statements. All such reflect the date made only.Wonderfilm undertakes no obligation to update or publicly revise anyforward-looking statements, whether as a result of new information, futureevents or otherwise.
For further details, please see the Company'sdocuments filed on the System for Electronic Document Analysis and Retrievalat www.sedar.com.
Further Information
For furtherinformation, please contact:
Kirk Shaw
The Wonderfilm MediaCorporation,
Chief ExecutiveOfficer
Telephone: (604)638-4890
Email: info@wonderfilm.com
Prit Singh
Investor Relations
Telephone: 905-5107636
Email: psingh@thesiscapital.ca
SOURCE: The Wonderfilm Media Corporation.