Osiris Entertainment, Inc. Acquires Film Library Assets of Westlake Entertainment LLC

Mon Apr 13, 2009 7:24pm EDT

* Reuters is not responsible for the content in this press release.

  WOODLAND HILLS, CA, Apr 13 (MARKET WIRE) -- 
Reflecting its rapid expansion as a new force in feature film
distribution, Osiris Entertainment, Inc., a distributor of
independently-produced feature films to worldwide broadcast, DVD and
digital markets, has finalized the acquisition of a 400+ film library and
key assets from Westlake Entertainment, LLC and will add the titles to
its existing portfolio of quality genre filmed entertainment.
Announcement of the acquisition was made by Evan Crooke, founder and CEO
of Osiris Entertainment, Inc.

    In addition to its representation of the newly acquired film library
across all channels of distribution, Osiris will also earmark the
Westlake titles for the company's wholly-owned and operated online movie
download rental and purchase destination, WebMovieNow.com
(www.webMovienow.com). Established by Crooke in 2008, WebMovieNow.com is
a Website platform managed by and for the independent film production
community where the end user can stream, download, and burn movies.

    Said Crooke: "This acquisition is key to the strategic growth of Osiris,
which already had a strong library of films for DVD, digital media and
broadcast. Our goal is to acquire the best films, and make the best movies
we can, while empowering filmmakers to participate in a more sensible form
of distribution than traditional methods. By acquiring the bulk of the
Westlake Entertainment library, we are now better positioned to attract
new producers and titles."

    Heading up the Osiris Entertainment distribution team are industry veteran
Mark Carothers, along with the company's Vice President of Distribution,
Heidi Meier.

    About Osiris Entertainment, Inc.

    Based in Woodland Hills, California, Osiris Entertainment was created in
2008 by filmmaker, Evan Crooke, who established the company to serve the
independent film and music community. Osiris Entertainment's two distinct
divisions include WebMovieNow, which is an online digital film platform
for the company, and WebMusicNow, which is an online music destination
for the company.

    

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