Seven Arts Entertainment Enters Feature Film Development Deal

Rhea-AI Summary

Seven Arts Entertainment Inc. (OTC PINK:SAPX) has announced a Memorandum of Understanding to develop a Sci-Fi feature film, primarily with a team based in Atlanta and directed by Andrew Burn. The film's success is expected due to a supporting cast with strong social media influence, totaling approximately 5 million subscribers. CEO Jason Black expressed optimism regarding securing a major streaming network for the film, emphasizing preparations for pre-production have already begun. Additional cast announcements are forthcoming as agreements are finalized.

Positive

• Entered MOU for a Sci-Fi feature film development.
• Directed by Andrew Burn, known for previous successful projects.
• Strong social media presence of cast with 5 million subscribers.
• Expectations to secure a major streaming platform.
• Pre-production activities, including location scouting, initiated.

Negative

• None.

CHEYENNE, WY / ACCESSWIRE / October 7, 2021 / Seven Arts Entertainment Inc. (OTC PINK:SAPX), the "Company", is pleased to announce the Company has entered a Memorandum of Understanding (MOU) to develop a full-length feature film.

The Sci-Fi genre film will be produced primarily with an Atlanta based team and Directed by Andrew Burn. Mr. Burn is a cinematographer and director known for Everyone Will Die (2020), No Ringo (2020), The Journeyman (2019), Lighten Up, Jack Kopecky (2017) and various music videos with artists including Mike Will Made-it, Fortune, T.I., and Wiz Khalifa. Additional projects include commercials and promos for Guardians of the Galaxy Vol. 2 (2017), Mazda, and AT&T U-verse. https://www.imdb.com/name/nm4807430/bio?ref_=nm_ov_bio_sm

In addition to Mr. Burn, the film is written by Lonnie R. Smith, https://www.imdb.com/name/nm12723265/bio?ref_=nm_ov_bio_sm, and Muse Media's Matthew Bryant will be tasked as Director of Photography.

Additional personnel and cast members, most of which have already signed on, will be announced in future updates once a full cast has been secured. Producers are in the process of working with casting agents to secure several notable leads.

The Company believes the film will easily be picked up by a major streaming platform based on its use of a supporting cast with extensive social media influence, its targeted audience, and putting recognizable names out front. Combined the current cast has roughly 5 million subscribers across social media as well as direct corporate contacts within networks.

Agreements are expected to be finalized within days and the film's team have already begun location scouting to begin pre-production.

Stated Seven Arts' CEO, Jason Black: "With our previously announced funding in place, we're hitting the ground running. This is going to be an exciting film and we believe the approach we're taking will see us land a major steaming network and be profitable out of the gate. There are a few minor details to finalize but we're already moving forward. We'll have further details to announce very soon."

Forward-Looking Statements:

This press release contains forward-looking statements. The words 'believe,' 'may,' 'estimate,' 'continue,' 'anticipate,' 'intend,' 'should,' 'plan,' 'could,' 'target,' 'potential,' 'is likely,' 'will,' 'expect' and similar expressions, as they relate to us, are intended to identify forward-looking statements. The Company has based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Some or all of the results anticipated by these forward-looking statements may not be achieved. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Contact:

info@sevenartsentertainment.com

Twitter:
@SAPX_7arts

SOURCE: Seven Arts Entertainment, Inc.

View source version on accesswire.com:
https://www.accesswire.com/667152/Seven-Arts-Entertainment-Enters-Feature-Film-Development-Deal

FAQ

What is the recent announcement by Seven Arts Entertainment (SAPX)?

Seven Arts Entertainment announced an MOU to develop a Sci-Fi feature film.

Who is directing the new film by Seven Arts Entertainment?

The film will be directed by Andrew Burn.

What is the significance of the cast's social media following for the film's prospects?

The cast's combined social media influence of approximately 5 million subscribers is expected to enhance the film's appeal to major streaming platforms.

What are the next steps following the film's MOU announcement?

The company is finalizing agreements and has begun location scouting for pre-production.

When can we expect more details about the film?

Further details regarding the film and its cast are expected to be announced soon.