FAB Universal (OTC: FABU) (“FAB” or the “Company”), a worldwide
distributor of digital entertainment, today announced that it has
entered into an agreement to acquire the exclusive broadcast and
distribution rights in China for the movie, “The Company You Keep.”
The 2012 movie starring Robert Redford, who also produced and directed
the film, is a political action thriller. The agreement grants FAB the
sole broadcast rights for the movie on all channels in China including
the internet, TV and mobile terminals. Promotional movie posters for the
film include a FAB exclusive copyright logo.
“The Company You Keep” was officially released in all movie theaters in
the Chinese Mainland on July 8th, 2014. Through FAB’s
cooperative channel agreement with China Mobile Video Innovation Base,
the movie debuted on the Base on August 8th, 2014 where users
can pay or subscribe to watch it. China Mobile Video Innovation Base is
the largest wireless video products and content operational center in
China with an average user base of 130 million per month. FAB splits the
revenue generated from users who pay or subscribe to view the film
50%:50% with China Mobile Video Innovation Base.
The script was written by Lem Dobbs based on the 2003 novel of the same
name by Neil Gordon. The story centers on Jim Grant, played by Redford
who has hidden from the FBI for over 30 years and must now clear his
name when his identity is exposed by a young reporter, played by Shia
LaBeouf. Robert Redford has two Oscar Awards, three Oscar nominations,
six Golden Globe Awards and four Golden Globe nominations. Redford also
won two awards at the 2012 Venice Film Festival for “The Company You
Keep.” LaBeouf, a promising young actor who won a Daytime Emmy Award for
his performance in the popular Disney Channel series “Even Stevens,”
also stars in the film. He is also well known for his leading role in
the first three installments of the popular “Transformers” series.
“As FAB develops the Cross-Platform Video Operation business, the
acquisition of exclusive rights to U.S. films like this, starring
acclaimed and popular actors, gives the company a competitive advantage.
Not only does it expand our copyrighted content library but positions
FAB as the exclusive rights holder in China for this film which
strengthens our Cooperative Channel relationships,” said Chris Spencer,
CEO of FAB Universal. “FAB will continue to expand the copyrighted
content library by acquiring additional high-quality and award-winning
US movies for release into the Chinese Mainland.”
About FAB Universal Corp.
FAB Universal Corp. is in the business of digital media entertainment
sales and distribution through three business units: Digital Media
Services, Retail Media Sales and Wholesale Media Distribution. FAB is a
publicly traded Pittsburgh based company, with thousands of shareholders
and a world-class team. Visit us on the web at www.fabuniversal.com;
email us at contact@fabuniversal.com.
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Copyright Business Wire 2014