Mike The Pike Productions, Inc. Enters Discussions to Acquire Film Company with Library of Movies with Active Sales Contracts
December 21 2011 - 1:27PM
Business Wire
Mike the Pike Productions, Inc. (Pink Sheets: MIKP) has entered
discussions to acquire a film company and its library as a
wholly-owned subsidiary. The company produces low-budget genre
films for the global marketplace that have proven particularly
attractive to buyers in international markets.
The company’s founders have extensive experience creating
content with longstanding relationships to buyers worldwide and
presence at most major film markets including the AFM, Berlinale
and Cannes.
MIKP CEO, Mark B. Newbauer states, “This is a tremendous
opportunity for us; one of many notable relationships secured in
attendance at this year’s American Film Market. I am confident we
can proceed toward collective benefit and, as a result, MIKP will
have taken on a company that produces 5-6 low budget films per year
for immediate assets on the books and a potential revenue stream
like never before.”
He continues, “This allows the company to focus on
post-production for its effects-driven sci-fi thriller White Space
and development of the werewolf thriller, George R.R. Martin’s The
Skin Trade, while at the same time bringing in a consistent flow of
product and revenues all the while, year after year.”
MIKP is currently underway with actions in hopes of restoring
DTC eligibility. According to DTC, the next step is to identify a
member firm that will advocate on behalf of MIKP toward
reinstatement. “We have identified a handful of parties that may be
able to help with this. Quoted time frames for success are anywhere
between 30 days to 6 months. Until then, it has been brought to our
attention that E-Trade platform may be a good choice for buyers,”
states Newbauer.
More news to come as the company enters into the New Year. MTP
wishes everyone a Joyful holiday season with peace, happiness,
health, wealth and success.
Want more than press? Check out the MIKP BLOG
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'Like' and 'Share' if you Dare: GEORGE R.R. MARTIN'S THE SKIN
TRADE on Facebook …based on the World Fantasy Award-Winning novella
by the New York Times Bestselling author behind HBO’s Game of
Thrones
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