"Seven Arts Entertainment Announces Move Into Television Series Production And Distribution.
LOS ANGELES, April 23, 2013 /PRNewswire/ -- Seven Arts Entertainment Inc. (OTCQB: SAPX) announced today a joint venture with Prodigy Pictures for the production and distribution of series and mini-series made for initial television exhibition. Prodigy Pictures is controlled by Jay Firestone, an internationally well-known executive in the film and television industries. Prodigy Pictures produces and distributes the worldwide phenom "Lost Girl," a successful series on SyFy, and has produced and distributed "XIII", a co-production with Luc Besson's EuropaCorp, for NBC and Reelz Channel. The initial series to be produced will be:
Johnny Mnemonic, a futuristic television series based on the cult classic movie starring Keanu Reeves, adapted from a short story by celebrated science-fiction authorWilliam Gibson.
Romeo Spy, an event mini series based on the true story of John Symonds, a British police officer who was recruited by the KGB as part of its Romeo Spy program after been wrongfully convicted of fraud charges.
Storyville, a period television series conceived by Sherri Strain and based on the real events surrounding the first legalized prostitution in the United States in New Orleans between 1887 and 1917, a period which saw the birth of modern jazz.
Seven Arts' CEO Peter Hoffman stated: "We are delighted to expand our relationship with Prodigy Pictures, which has had stellar successes in television and mini-series production. Jay's been prominent in the area of international television production for over 20 years with a wide array of important relationships. Jay shares our enthusiasm for all three projects. He has already attached well-known television writers who were part of the successful 'Stargate' series to Johnny Mnemonic."
About Seven Arts Entertainment Inc.:
Seven Arts Entertainment Inc. is the successor to Seven Arts Pictures Plc, which was founded in 2002 as an independent motion picture production and distribution company engaged in the development, acquisition, financing, production and licensing of theatrical motion pictures for exhibition in domestic (i.e., the United States and Canada) and foreign theatrical markets, and for subsequent worldwide release in other forms of media, including home video and pay and free television.
About Prodigy and Jay Firestone:
Founded in 2006 by Jay Firestone, Prodigy Pictures leads the way in the production of quality film, television, and cross-platform media. Prodigy is responsible for the critically-acclaimed television series Lost Girl for Syfy, which has electrified viewers worldwide and is currently in production of its fourth season. Also airing is international hit XIII: The Series, a co-production with Luc Besson's EuropaCorp on Reelz Channel. Prodigy has previously produced "XIII: The Conspiracy" for NBC. Prodigy has several projects in development, such as the horror-fantasy series Bedtime Stories and the feature adaptation of Neuromancer, based on William Gibson's seminal cyberpunk novel. Also in development are the high-concept science-fiction series Dark Matter based on the titular Dark Horse comic book and the miniseries Is Paris Burning?, a historical epic penned by Emmy Award-winning writer Ron Hutchinson.
Cautionary Information Regarding Forward-Looking Statements.
Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from the anticipated. The information contained in this release is as of 23 April 2013. Seven Arts assumes no obligation to update forward-looking statements contained in this release as the result of new information or future events or developments.
Contact: Seven Arts Entertainment Inc. Peter Hoffman 323-372-3080 phoffman@7artspictures.com
SOURCE Seven Arts Entertainment Inc.
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