WRIT >> REVENUE PROJECTIONZZZ NEWZZZ
Writer's Group Film Corp. Announces Projected Revenues For Acquired Family Product
2013-06-03 06:51 ET - News Release
LOS ANGELES, June 3, 2013 /PRNewswire/ -- Writers' Group Film Corp. (OTCQB: WRIT) and its wholly-owned subsidiary Front Row Networks, Inc., a Los Angeles-based production and distribution company, announced its projected revenue estimates for its acquired family feature "BRAZIL IN 3D." Recently Writers' Group acquired English-language rights to this 3D family feature, produced with both animation and live action. The Company is actively pursuing other finished family entertainment product that is being offered in the marketplace, and that fits within its new strategic initiatives.
In order to distribute "BRAZIL IN 3D" in the licensed territory, the Company must first incur the time and expense of dubbing the entire film. In this case, "dubbing" refers to the substitution of the voices of the actors shown on the screen speaking Portuguese, by those of different performers speaking in English language. In addition, other expenses include the creation or conversion of marketing materials into English language. The Company estimates this process will take 60-90 days.
"Through our various distribution arrangements, Writers' Group is well positioned to distribute this project via the following distribution windows: theatrical, television, home video, video-on-demand, mobile applications and online streaming. We believe the story line of "BRAZIL IN 3D" also lends itself to educational and travel-related content channels and we intend to leverage these avenues," said Eric Mitchell, President of Writers' Group.
With these various distribution windows in mind, the Company estimates, based on third party sales projections and current circumstances in the industry, that the project will generate $500,000 in net revenues from TV and other sales in the 4th quarter of 2013, and then continue to generate revenues over the next 3-5 years from the sales generated by the video-on-demand and mobile platforms. Additionally, the project was acquired with the intent of Management to purchase and/or co-produce additional 3D animated and live family content that would supplement and enhance the revenues of "BRAZIL IN 3D" and in essence create a series of family and travel related content.
Companies: WRIT GRP FILM CORP(http://finance.yahoo.com/q/h?s=WRIT) , FRONT ROW NETWORKS (http://frnetworks.com/)
Cautionary Note Regarding Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements.Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, but not limited to, those discussed in the Company's latest 10-Q filed February 14, 2013. The company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
CONTACT:
Front Row Networks
Rebecca Bieker
Phone: 310.461.3737
info@frnetworks.com
Website: www.FRNetworks.com
SOURCE Writers' Group Film Corp.
WRIT REVENUE PROJECTIONZZZ NEWZZZ Writer's Group Film
Top 10 Most Recent News Articles
Apex Dental's Growth Shines in Inc. 5000 Ranking
Another Year, Another Milestone for Apex Dental Let's talk about steady growth. Apex Dental Partners has made it onto the Inc. 5000 list for the eighth straight year, landing at No. 3,850. Quite a feat, considering this list only features America's fastest-growing private companies. Apex isn't just maintaining its position out of sheer luck. Revenue shot up by 67% over...
Continue Reading
IWP and SHARE Forge New Path for Filmmaker Funding
Revolutionizing Film Financing The film industry has always been a tough nut to crack. Imagine trying to keep your creative baby yours without surrendering the crown jewels of intellectual property. Well, now, the cavalry with a fresh game plan has arrived, and both investors and filmmakers might be ready for another round. This isn't the typical PR fairytale; it's...
Continue Reading
Youth Mental Health: New Survey Spurs Action
What's the 2025 Survey Telling Us? Numbers hit like a gut punch, don't they? The 2025 National Youth Risk Behavior Survey unveils some hard truths — truths that can't be softer just because we've made headway. We're talking about one in three high schoolers in this country feeling persistently down. That's about 33.3% of them, wrestling with sadness and hopelessness...
Continue Reading
Oracle Harnesses AI to Streamline Healthcare Payments
Oracle Steps into Healthcare's Payment Arena You ever try solving a puzzle with half the pieces missing? Well, that's exactly what healthcare orgs have been doing with their revenue cycles. Oracle (NYSE:ORCL) thinks it’s got the missing pieces. They've announced some slick AI capabilities to grease the wheels of healthcare revenue management. But hey, I've seen grand...
Continue Reading
Class Action Lawsuit Targets Lincoln Educational Services
Legal Maneuver Against Lincoln Educational Services Here we go again—another day, another lawsuit. The recent flap with Lincoln Educational Services Corporation (NASDAQ: LINC) is as classic as any market rug pull. Stepping into the spotlight, Wolf Haldenstein Adler Freeman & Herz LLP—a courtroom icon since 1888—has announced a class action lawsuit against Lincoln....
Continue Reading
Bay Crane's Bold Auction: A Strategic Fleet Update
Bay Crane's Big Move: Strategic Fleet Update through Auction Well, here's a twist that gets the pulse racing for industry folk and machinery buffs. Bay Crane Companies, a powerhouse in the crane and hauling sector, has decided to go all in on a strategic fleet update. And what better way to move that iron than with a live, no-reserve auction? They've tapped Jeff Martin...
Continue Reading
Riverside Theatre Appoints Seasoned CFO for Growth Phase
Change Is Afoot at Riverside Theatre Down in Vero Beach, amid the sun-drenched coziness of Florida’s Treasure Coast, something’s cooking that has nothing to do with sunshine: Riverside Theatre snagged itself a new Chief Financial Officer. As nonprofits go, this one’s not a backyard operation—it’s the largest independent professional theatre in the entire state....
Continue Reading
Flux Expands AI Platform to Prove Engineering ROI
Navigating the AI Maze: Flux's New Pathways Ever feel like these engineering platforms speak a language of their own? Flux's latest expansion finally offers a translator that matters. It's all about decoding whether your AI investment is delivering the goods. Engineering leaders now have more than just fluffy metrics; Flux breaks down real code-based evidence to show if...
Continue Reading
RunVermont Revamps City Marathon, Adds Half for 2027
Straight outta Burlington, the M&T Bank Vermont City Marathon is giving its course a facelift and, get this, throwing a half marathon into the mix for 2027. It's about time they shook things up, considering how this race is supposed to be one of the most welcoming on the block. I mean, you're talking about a marathon that's practically been the crown jewel of Vermont's...
Continue Reading
SACHEU Partners with AI to Harness Real Customer Insights
Rethinking Beauty Industry's AI Obsession Here’s a breath of fresh air from the otherwise AI-obsessed beauty landscape: SACHEU, the brand that's been turning heads in cosmetics, decided to pair up with Limitless Labs. This partnership isn't about ceding control to machines but amplifying genuine human voices in their product development process. Yeah, it's a...
Continue ReadingTop 5 Most Recently Viewed Articles
Chemours Stock Rises 10% Following Board Appointment of Google VP
Chemours Stock Experiences Significant Surge Shares of Chemours have been on an exciting upward trend, with a remarkable surge of as much as 10% during intraday trading. This notable spike follows the announcement of the appointment of Joseph Kava, who holds the position of Vice-President of Data Centers at Google, to Chemours' board of directors. Impact of Leadership...
Continue Reading
Cypherpunk Technologies Financial Update: Q3 Insights 2025
Understanding Cypherpunk Technologies Inc.'s Financial Performance Cypherpunk Technologies Inc., formerly known as Leap Therapeutics, Inc. (NASDAQ: LPTX), has recently published its financial results for the third quarter of 2025. This announcement marks a pivotal moment in the company’s evolution, reflecting its strategic shift towards digital assets and ongoing...
Continue Reading
Golden Triangle's Mining Potential Soars with New Investments
Golden Triangle's Mining Resurgence Gold's remarkable rally of 66% in recent times has shifted the landscape of global mining investments, with a growing focus on stability rather than risk. The mining sector in British Columbia has taken proactive steps, as evidenced by Premier David Eby's recent commitment to streamlined permitting processes. This initiative aims to...
Continue Reading
Independent Bank Corp. Declares Quarterly Dividend for Investors
Independent Bank Corp. Announces Dividend for Shareholders Independent Bank Corp., which operates Rockland Trust Company, has shared some good news with its investors. The Board of Directors declared a dividend of $0.57 per share. This decision highlights the bank’s ongoing dedication to providing value to its shareholders and emphasizes its solid financial standing...
Continue Reading
Nucor Corporation Faces Market Challenges but Holds Firm
Nucor Corporation Faces Market Pressures Nucor Corporation (NYSE: NUE), a prominent player in the steel production industry, has recently encountered several challenges in a fluctuating economic landscape. The company, renowned for its robust market presence and a market capitalization of $26.9 billion, has seen its stock price dip to a 52-week low of $113.93. This...
Continue Reading