DreamWorks Film Library Sale for $900 Million; SuperVision Film Library Acquisition Means Approximate $650 Million Cash Windfall for Company

LOS ANGELES, CA -- (MARKET WIRE) -- Jul 14, 2008 -- SuperVision Entertainment Inc. -- (PINKSHEETS: SVET)

Following the sale of the DreamWorks film library of 59 films to a private investment group led by George Soros for $900 million, SuperVision is pleased to announce that it has completed the purchase of a film and television library with almost 1,000 titles.

The library is expected to have a future cash value to the company of approximately $650 million as it is fed through the various distribution avenues available to the company through its entertainment subsidiaries.

The company's subsidiaries presently have about 100 signed contracts for VOD (video on demand) with major companies around the world such as Google, Netflix, Bit Torrent, and many others. This area of direct distribution is rapidly expanding and replacing the old model of video and DVD stores.

With this acquisition SuperVision is rapidly approaching the target of having 50,000 titles in its library making SuperVision a leader in the field. The company is actively pursuing the purchase of additional library content to further expand the title catalogue to over 100,000 titles.

All film and television producers worldwide, as well as television stations sitting on program inventory of any kind, are encouraged to contact the company to discuss distribution and or purchase of their films, television shows or archival and news footage.

For further info contact: Email Contact

Safe Harbor Statement

All statements other than statements of historical fact included in this press release are "forward looking statements." The forward-looking statements, including statements about the Company's future, revenues and earnings, and all other forward looking statements (i.e. future operational results and sales) are subject to assumptions and beliefs based on current information known to the Company and are factors that are subject to uncertainties, risks and other influences which are outside the Company's control, and which may yield results differing materially and substantially from those anticipated. Any reference to a private placement is not an offering or a solicitation of any kind and is to be considered a notice only. All information is subject to change.

Contact:
SuperVision Entertainment Inc.

Email Contact


Featured Video
Editorial
Jobs
Mechanical Engineering Technical Leader for Cisco Systems Inc at San Jose, California
Advanced Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Mechanical Engineer for PTEC Solutions at Fremont, California
Senior Software Engineer (GIS) for SeeScan, Inc. at San Diego, California
Upcoming Events
Realize LIVE Americas 2024 at Mandalay Bay Convention Center, Resort and Casino NV - May 13 - 16, 2024
Altair - Simulate at the Speed of Design 2024 at United States - May 16, 2024
Smart Manufacturing Experience 2024 at David L. Lawrence Convention Center Pittsburgh PA - Jun 4 - 5, 2024
SprutCAM X World Conference at Cyprus - Jun 10 - 13, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise