Mike The Pike Productions, Inc. Acquires Saint James Films
March 15 2012 - 1:56PM
Business Wire
Mike The Pike Productions (OTC: MIKP) announces today that it
has acquired Saint James Films, LLC (www.saintjamesfilms.com) as a
wholly owned subsidiary. The deal was signed effective January 23,
2012 and books, records, domains and contracts delivered earlier
this week. Saint James Films produces low-budget genre films for
the global marketplace that have proven particularly attractive to
buyers in international markets. The business model focuses on
films with budgets under $1m with potential for significant
ROI.
Paramount Pictures recently adopted a similar model:
http://latimesblogs.latimes.com/entertainmentnewsbuzz/2009/12/paramount-to-launch-microbudget-movie-division.html
Saint James Films (SJF) (www.saintjamesfilms.com) includes a
network with extensive experience in production, sales,
distribution and investment banking; creating content with
longstanding relationships to buyers worldwide and with presence at
major film markets around the world, including the AFM, Berlinale
and Cannes.
As MIKP (www.mtpprods.com) CEO, Mark B. Newbauer, stated in an
earlier release, “The acquisition is a no-brainer in terms of an
asset acquisition with active accounts receivables. All of the
films produced thus far by the seller have included pre-sales to
foreign territories in excess of their original budgets, giving
Mike the Pike Productions a proven business model for consistent
cash-money revenues.”
Key executives for SJF to be announced in a follow up release
soon, as well as logo/website updates and detailed plans for the
subsidiary’s achievements and agenda for 2012.
MTP and its partners have currently locked a final rough cut of
sci-fi thriller, White Space, and move to scan the picture to
digital format, after which visual effects, score and other
elements will be finalized toward optimal sales.
IMPORTANT SHAREHOLDER LINKS:
- Visit our blog on www.mtpprods.com
- MTP Facebook:
www.facebook.com/MTPfb
- White Space official website:
www.enterwhitespace.com
- White Space Facebook:
www.facebook.com/enterwhitespace.com
- George R.R. Martin’s The Skin Trade:
www.theskintrademovie.com
- GRRM The Skin Trade Facebook:
www.facebook.com/BlackstoneManor
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