Emmy Winning StereoVision/REZN8 Entertainment Group Completes $22.5mil Four Picture Film Funding Deal with TriStar Film Finance
HOLLYWOOD, CA, June 25, 2013 -- StereoVision Entertainment Inc. (OTC: SVSN) announced today that a $22.5mil four picture film funding deal has been completed with TriStar.
StereoVision's CEO Jack Honour stated, "We're very pleased to announce this deal with TriStar. We're generating the funding's through a combination of equity, subsidies, and debt, as well as Crowd Funding when applicable. This includes $5mil for our flagship faith based film 'Three Dimensions Of Jerusalem', written by Academy Award winning screenwriter Pamela Wallace, and produced and directed by the multiple Faith Based award winning filmmaker Michael Landon Jr. $12mil for our 3D sci-fi creature feature 'Aubrey Blaze Gates of Hell', written and produced by 'Baywatch' co-creator and 'Soul Surfer' writer Michael Berk, to be filmed in Puerto Rico. $4mil for our anti bullying themed family friendly film 'Kung Fu U', starring Hulk Hogan. And $1.5mil for our PG13 extreme sports and bikini movie, 'Gonzos 3 Double D', written and produced by Michael Berk and to be filmed on Miami Beach. We believe 'G3DD' is a product placement gold mine and could deliver our slate's best ROI. TriStar's CEO Michael Olsen's many years in film finance, along with his extensive experience as a movie producer, provides the ideal combination for funding the StereoVision/REZN8 four picture slate. Per the agreement StereoVision's Producer's fee is 10% of the budgets. Our backend participation varies film to film but we look to retain 51% ownership of all our fully funded Intellectual Properties."
TriStar's CEO Michael Olsen added, "I am thrilled with the opportunity and ability to be part of this amazing team with the goal of building a Global Entertainment and Media Conglomerate. Working alongside such industry professionals as StereoVision's CEO Jack Honour, and REZN8's President, ASCAP veteran Herky Williams, with the brilliance of REZN8's Founder and Special Projects Director the multiple Emmy Award winning Paul Sidio, former LucasFilm CEO Charlie Weber Executive Producing, REZN8's Chief Creative Officer, former Drac Studio's President Harvey Lowry, with his many major motion picture credits such as 'Collateral' with Tom Cruise, and 'The Curious Case of Benjamin Button' with Brad Pitt, along with Michael Berk of 'Baywatch' and 'Soul Surfer' fame, the writing genius of Academy Award winner Pamela Wallace, known for winning Best Original Screenplay for Harrison Ford's 'Witness', and the filmmaking skills of Michael Landon Jr., son of the legendary Michael Landon with over 20 films to his credit, the future is particularly bright when you have a team like this to help finance, produce, and distribute such a marketable slate of films."
TriStar Film Finance http://www.tristarfilmfinance.com/ With offices in Los Angeles, and Vancouver, TriStar Film Finance provides the entertainment industry with a full suite of financial and production services including P&A financing, completion bonds, domestic and foreign distribution pre sales, line production, post production, and tax credit financing. TriStar's focus is on productions up to $20,000,000, with individual consideration given to budgets or slates in excess of $20,000,000. With 25 years of production and film finance experience, TriStar's team ensures that productions are finished on time and on budget. TriStar was officially launched in July of 2009. The TriStar team has provided millions of dollars in film financings and production services to a number of major motion pictures including Jamie Foxx's 'Ray', Matthew McConaughey's 'Sahara', and 'Minority Report' starring Tom Cruise.
StereoVision Entertainment Inc. (http://stereovision.com) Headquartered in Los Angeles, Ca., StereoVision is a publicly traded company focused on the delivery of high-quality, low-cost 3D entertainment content. StereoVision's business is driven by creative, acquisition, and production of cutting edge 3D media assets. Responding to the growing demand for 3D content, StereoVision is developing a wide variety of 3D Intellectual Properties and technologies for these globally emerging 3D distribution platforms. http://Facebook.com/TeamS3D
REZN8 Inc. (http://rezn8.com) A StereoVison wholly owned subsidiary. Founded in 1987 the Hollywood based 9 time Emmy Award winning REZN8 is well known throughout the Industry for developing the media vision for a broad spectrum of domestic and international clients across a wide range of platforms including broadcast, film, Internet, wireless, and video games. REZN8 is an acknowledged leader in 3D broadcast graphics and animation, and is a pioneer in the design and development of graphical user interfaces (GUI). REZN8 has developed identity packages for, NBC, ABC, CBS Sports, Entertainment Tonight, Fox, HBO, VH-1, Syfy Channel, the UFC, and Showtime. REZN8 has also been one of Microsoft's primary outside design sources for graphical user interface (GUI) including GUI design and development for Microsoft XBOX, Microsoft Home Media Center, Microsoft Windows XP, and Microsoft's Home of the Future.
Safe Harbor Statement: Except for historical information, this news release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended.
Contact: Jack Honour, 818-326-6018 / info@stereovision.com
SOURCE StereoVision Entertainment, Inc.