SRM Entertainment Launches New Media Division In Expansion Of Suretone Pictures Partnership
SRM Entertainment (NASDAQ: SRM) has launched SRM Media, expanding its partnership with Suretone Pictures. The division's first acquisition is Suretone Pictures' Western film 'The Kid' (2019), starring Ethan Hawke and Chris Pratt, currently streaming on Amazon Prime. This strategic move aims to combine film distribution with SRM's merchandising expertise. Jordan Schur joins as advisor, bringing extensive film industry experience. The initiative capitalizes on growing Western film demand (146% increase 2021-2023) and digital media consumption trends, targeting Amazon Prime's 200+ million global subscribers.
SRM Entertainment (NASDAQ: SRM) ha lanciato SRM Media, ampliando la sua partnership con Suretone Pictures. La prima acquisizione della divisione è il film western di Suretone Pictures 'The Kid' (2019), con protagonisti Ethan Hawke e Chris Pratt, attualmente disponibile in streaming su Amazon Prime. Questa mossa strategica mira a combinare la distribuzione cinematografica con l'esperienza di merchandising di SRM. Jordan Schur entra come consulente, portando con sé una vasta esperienza nell'industria cinematografica. L'iniziativa sfrutta la crescente domanda di film western (aumento del 146% dal 2021 al 2023) e le tendenze del consumo di media digitali, mirando ai oltre 200 milioni di abbonati globali di Amazon Prime.
SRM Entertainment (NASDAQ: SRM) ha lanzado SRM Media, expandiendo su asociación con Suretone Pictures. La primera adquisición de la división es la película western de Suretone Pictures 'The Kid' (2019), protagonizada por Ethan Hawke y Chris Pratt, actualmente disponible en Amazon Prime. Este movimiento estratégico tiene como objetivo combinar la distribución de películas con la experiencia en merchandising de SRM. Jordan Schur se une como asesor, aportando una amplia experiencia en la industria cinematográfica. La iniciativa capitaliza la creciente demanda de películas western (aumento del 146% entre 2021 y 2023) y las tendencias de consumo de medios digitales, enfocándose en los más de 200 millones de suscriptores globales de Amazon Prime.
SRM 엔터테인먼트 (NASDAQ: SRM)가 SRM 미디어를 출범하며 Suretone Pictures와의 파트너십을 확장했습니다. 이 부문의 첫 번째 인수는 Suretone Pictures의 서부 영화 'The Kid' (2019)로, 에단 호크와 크리스 프랫이 출연하며 현재 아마존 프라임에서 스트리밍되고 있습니다. 이 전략적 움직임은 영화 배급과 SRM의 머천다이징 전문성을 결합하는 것을 목표로 하고 있습니다. 조던 슈어가 고문으로 합류하며, 영화 산업에 대한 풍부한 경험을 제공합니다. 이 이니셔티브는 서부 영화 수요의 증가(2021-2023년 동안 146% 증가)와 디지털 미디어 소비 트렌드를 활용하여 아마존 프라임의 2억 이상 글로벌 구독자를 목표로 하고 있습니다.
SRM Entertainment (NASDAQ: SRM) a lancé SRM Media, élargissant son partenariat avec Suretone Pictures. La première acquisition de la division est le film western de Suretone Pictures 'The Kid' (2019), avec Ethan Hawke et Chris Pratt, actuellement disponible en streaming sur Amazon Prime. Ce mouvement stratégique vise à combiner la distribution de films avec l'expertise en merchandising de SRM. Jordan Schur rejoint l'équipe en tant que conseiller, apportant une vaste expérience dans l'industrie cinématographique. L'initiative tire parti de la demande croissante pour les films western (augmentation de 146 % de 2021 à 2023) et des tendances de consommation des médias numériques, ciblant les plus de 200 millions d'abonnés mondiaux d'Amazon Prime.
SRM Entertainment (NASDAQ: SRM) hat SRM Media gegründet und seine Partnerschaft mit Suretone Pictures ausgebaut. Die erste Akquisition der Abteilung ist der Westernfilm von Suretone Pictures 'The Kid' (2019), mit Ethan Hawke und Chris Pratt in den Hauptrollen, der derzeit auf Amazon Prime gestreamt wird. Diese strategische Maßnahme zielt darauf ab, Filmverleih und SRMs Fachwissen im Merchandising zu kombinieren. Jordan Schur tritt als Berater bei und bringt umfassende Erfahrungen aus der Filmbranche mit. Die Initiative nutzt die wachsende Nachfrage nach Westernfilmen (146% Anstieg von 2021 bis 2023) und die Trends im digitalen Medienkonsum und richtet sich an die über 200 Millionen globalen Abonnenten von Amazon Prime.
- Strategic expansion into media content distribution through new division
- Acquisition of established film with recognized actors enhancing revenue potential
- Access to Amazon Prime's 200+ million subscriber base for content distribution
- Addition of experienced industry advisor Jordan Schur
- Potential for merchandise development and licensing revenue streams
- None.
Insights
The launch of SRM Media and acquisition of "The Kid" represents a strategic pivot into content monetization, though with mixed immediate potential. While the film features notable actors (Ethan Hawke, Chris Pratt), its 2019 release means the initial streaming revenue potential may be modest. However, the broader strategy shows promise:
- Access to
$480.97 billion global entertainment merchandise market by 2028 - Leverage across 200 million Amazon Prime subscribers
- Western genre seeing
146% demand growth (2021-2023)
The vertical integration between content acquisition and merchandise licensing creates multiple revenue streams, but success will heavily depend on execution and additional content acquisitions. The partnership with Suretone Pictures provides industry expertise but investors should monitor the pace and quality of future media acquisitions.
The timing of this media division launch aligns with shifting consumer entertainment habits. With US adults spending nearly 8 hours daily on digital media and households allocating
- 75% of US Amazon shoppers are Prime members
- Streaming platform penetration continues growing
- Multi-channel revenue potential through merchandise
However, starting with a 4-year-old film acquisition suggests modest near-term revenue impact. The long-term success depends on building a more extensive content library and effectively monetizing through merchandise tie-ins.
Jupiter, FL, Nov. 14, 2024 (GLOBE NEWSWIRE) -- SRM Entertainment, Inc., (Nasdaq: SRM) (the “Company” or “SRM”) today announced the launch of its new media division, SRM Media, marking a significant expansion of the company's entertainment offerings. This strategic move builds upon SRM's existing media relationship with Suretone Pictures and underscores SRM’s commitment to delivering high-quality entertainment content across various platforms. SRM Media's first acquisition, courtesy of its new Suretone Pictures partnership in the making, is Suretone Pictures’ critically acclaimed Western "The Kid," a 2019 Western/Action film currently streaming on AMAZON Prime. The Kid is a reimagining of the Billy the Kid legend starring Ethan Hawke, Chris Pratt, and Dane DeHaan. Directed by Vincent D'Onofrio, the film has been praised for its powerful performances, stunning cinematography, and fresh take on a classic tale. This acquisition aligns with SRM Media's vision to acquire and distribute compelling films and television content while leveraging SRM Entertainment's expertise in merchandising and licensing to maximize IP value.
To view the trailer for "The Kid," please visit: www.srmentertainment.com
"The launch of SRM Media represents a significant step forward in our strategy to diversify and expand our entertainment offerings," says Rich Miller, CEO of SRM Entertainment.
“This is vertical integration at its best, and it presents endless possibilities for SRM. Our focus is on acquiring high-quality films like 'The Kid' that provide long-term, revenue streams. High-quality films, even with modest budgets, can generate returns long after their initial box office release, especially when they feature a well-known cast like 'The Kid.' These actors have dedicated followers who will seek out the film on streaming platforms like Amazon, where it will be available. Furthermore, the iconic characters and storyline present exciting opportunities for merchandise development, creating a synergistic relationship between our media and merchandise divisions. We believe this acquisition will deliver solid returns for years to come and generate significant value for our shareholders. Bringing Jordan Schur on board as an advisor is a major advantage for SRM as his decades of experience in the film industry, including his roles at Suretone Pictures and Mimran Schur Pictures, will be invaluable as we build our media division," adds Miller.
"I'm honored to be part of this exciting new chapter of SRM Media as we endeavor to bring Suretone Pictures various filmed content, library assets and present / future IP in an integrated fashion to SRM Entertainment," says Schur. "The addition of 'The Kid' is a strong first step in our plans to expand SRM Media as it demonstrates a clear vision for the future activities of a natural exchange of commerce in both companies. By combining Suretone’s filmmaking expertise and endeavors with SRM's business acumen, we are building a media powerhouse that will deliver compelling entertainment experiences and potential revenue drivers in various verticals for years to come. The launch of SRM Media with Suretone Pictures committed assistance represents a significant milestone in SRM Entertainment's growth strategy towards expanding its media footprint. Suretone Pictures plans to continue making great efforts in its guidance for SRM towards its goal objectives to scale and build its media library through strategic acquisitions and partnerships, further solidifying its position in the entertainment industry, while also emboldening the growing partnership of Suretone Pictures and SRM Entertainment.”
This move comes amidst a resurgence of interest in Western films, with demand growing by
As Miller notes, citing data from eMarketer, "Adults in the US now spend an average of 7 hours and 50 minutes per day consuming digital media, presenting a significant opportunity for streaming platforms like Amazon, where 'The Kid' will be available. SRM Media will leverage its established merchandising and licensing expertise to maximize the film's value in a global entertainment merchandise market expected to reach
Miller adds, referencing the US Bureau of Labor Statistics, "With US households spending an average of
Amazon has over 200 million Amazon Prime subscribers worldwide. This number has doubled since 2018. In the US alone, there are approximately 180 million Amazon Prime subscribers. This means that roughly
About SRM Entertainment, Inc.
SRM Entertainment designs, develops, and manufactures custom merchandise which includes toys and souvenirs for the world's largest theme parks and other entertainment venues. Many of SRM’s creative products are based on award winning multi-billion-dollar entertainment franchises that are featured in popular movies and books. SRM products are distributed worldwide at Walt Disney Parks and Resorts, Universal Parks and Destinations, United Parks and Resorts - SeaWorld and other attractions. SRM’s products are offered alongside popular rides and attractions in theme parks, zoos, aquariums, and other entertainment venues. SRM’s design team developed specialty dolls, plush and toys for one of New York City’s landmarks that features a popular holiday show. SRM’s design team is credited with creating popular products which have been successfully sold at specialty theme park events. SRM’s exclusive-patented Sip With Me cups feature fun, kid friendly Zoo, Sea and animal themed characters as well as licensed characters from Smurfs, ICEE and Zoonicorn.
About SURETONE PICTURES
Suretone Pictures was founded in 2011 with notably produced films including The Kid [Ethan Hawke, Chris Pratt, Dane Dehaan, Jake Schur] (2019), Pawnshop Chronicles [Paul Walker, Brendan Fraser, Elijah Wood, Matt Dillon, Norman Reedus] (2013), One Nation Under God [Isaak Presley, Kevin Sorbo, Casper Van Dien, Antonio Sabato Jr.], and more. Suretone Pictures has a diverse upcoming slate which includes DO NOT ENTER, financed in an equal joint-venture partnership with Lionsgate and based on the best-selling book Creepers by David Morrell (Rambo films’ books author), starring Jake Manley, Adeline Rudolph, Francesca Reale, Nicholas Hamilton, and Laurence O’Faurian, and directed by Marc Klasfeld. Suretone Pictures has produced films such as One Nation Under God, as well as the youth baseball documentary Swing Big. Suretone Pictures currently has the romantic comedy Revenge Wedding in development in conjunction with partner Lionsgate with plans to get into production in 2025. Suretone Pictures also has the highly coveted action / thriller property Five Against A Bullet in development and headed into production in 2025.
Caution Regarding Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. These statements are subject to uncertainties and risks including, but not limited to, the risk factors discussed in the Risk Factors and in Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of our Forms 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law.
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