Valiant Eagle, Inc. (OTC: PSRU) Subsidiary, Providence Film Group, Reboots DC Comics’ “Swamp Thing”
Valiant Eagle, Inc. (OTC: PSRU) announced that its subsidiary, Providence Film Group, is developing a reboot of the iconic DC Comics character, Swamp Thing. The original film released in 1982, tells the story of scientist Alec Holland's transformation into the monster Swamp Thing. This reboot follows the acquisition of film rights in July 2021. With other DC franchises underperforming, the company aims to attract fans with a more engaging and well-crafted film. CEO Xavier Mitchell expressed optimism about the project's potential, anticipating A-list actor signings and a successful box office outcome.
- Valiant Eagle acquired the rights to 'Swamp Thing' in July 2021.
- The reboot aims to attract fans dissatisfied with current DC offerings.
- CEO expresses confidence in the project as a potential box office hit.
- Current DC franchises have been underperforming, indicating market saturation.
Los Angeles, California, Dec. 19, 2022 (GLOBE NEWSWIRE) -- Valiant Eagle, Inc. (OTC: PSRU) Subsidiary, Providence Film Group, is pleased to announce that it has entered development on the massive reboot of DC Comics’ “Swamp Thing”. Originally released in 1971, “Swamp Thing” is a 1982 American superhero horror film written and directed by Wes Craven, based on the Vertigo/DC Comics character of the same name. It tells the story of scientist. Alec Holland (Ray Wise), who becomes transformed into the monster known as Swamp Thing (Dick Durock) through laboratory sabotage orchestrated by the evil Anton Arcane (Louis Jourdan). Later, he helps a woman named Alice Cable (Adrienne Barbeau) and battles the man responsible for it all, the ruthless Arcane. The film did well on home video and cable and was followed by a sequel, The Return of Swamp Thing, in 1989. Valiant Eagle originally acquired the rights to the iconic movie in July 2021.
With many DC Comics’ superhero franchises such as Wonder Woman, Superman, and Black Adam performing poorly relative to their Marvel Comics’ rival counterparts, this will be an auspicious opportunity to have new talent remake the movie to attract fans who deserve a more well-written and invigorating version.
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“The remake of the classic ‘Swamp Thing’ film has been a key objective since Providence acquired the rights to the movie during the summer of 2021. We look forward to sharing additional details as development ramps up and we are expecting this to be a box office hit. We will announce the A-list actors as they are signed,” says Valiant Eagle CEO, Xavier Mitchell.
About Providence Film Group:
The Providence Film Group is a Los Angeles-based entertainment studio whose industry offerings service the multi-billion-dollar motion picture, television and music industries. Providence Films business consists of motion picture production, television production, home video acquisition and distribution, and the development of new entertainment opportunities with an innovative and demographically targeted style.
Providence Film Group
http://providencefilmgroup.org/
About Valiant Eagle, Inc.:
Valiant Eagle, Inc. (OTC: PSRU) is a publicly traded corporation focused on energizing celebrity entertainment, social media, and TV communications. VE aims to achieve an unparalleled advancement in media through music, sports, and technology for the millennial generation.
Valiant Eagle
Investor inquiries: ir@valianteagle.net
Website: www.valianteagle.net
Twitter: @valianteagleinc
Facebook: @valianteagleinc
Legal Notice Regarding Forward-Looking Statements:
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. That includes the possibility that the business outlined in this press release cannot be concluded for some reason. That could be as a result of technical, installation, permitting or other problems that were not anticipated. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Valiant Eagle, Inc. to be materially different from the statements made herein. Except for any obligation under the U.S. federal securities laws, Valiant Eagle, Inc. undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise.
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