Empire Film Group Reports On Initial Acquisition Success From Cannes Film Festival
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CANNES, France, May 18, 2009 (GLOBE NEWSWIRE) -- Empire Film Group, Inc. (Pink
Sheets:EFGU) (http://www.empirefilmgroup.com) has moved into documentation and
closing on sixteen high-profile titles on offer at the Cannes Film Festival and
Marche du Film. The current acquisition list includes seven titles for
theatrical release in the U.S. market, and nine titles for direct-to-DVD and
Blu-Ray release. All of the Cannes acquisition titles will also be licensed for
release by Empire into the television markets and the growing video-on-demand
platforms.
"The response to Empire Films has been very strong here at the market among
producers, and our ability to quickly reach acceptable licensing terms has been
very encouraging," said Eric Parkinson, CEO of Distribution for Empire and head
of the Cannes acquisitions team. "The production quality and commercial caliber
of the films that we are moving ahead with is outstanding and bodes very well
for the company's growing release slate."
In respect of the stature of the films being licensed to Empire, the company
plans to release individual press announcements on a title-by-title basis,
beginning Thursday, May 21st.
"This has been a valuable film market for Empire Film Group," said Dean
Hamilton-Bornstein. "We have made a visibly strong presence and moved
aggressively to acquire many of the higher echelon films that were on offer for
the U.S. market. These new titles, along with our existing product slate for
2009 and 2010, will provide a solid foundation for Empire to reach its corporate
sales and profitability goals."
Empire's theatrical release activities are being handled by industry veteran
David Magedman, whose prior senior executive posts at Artisan Entertainment and
Warner Independent Pictures resulted in hits including "The Blair Witch Project"
and "March of the Penguins." Other key executives for Empire include D.
Frederick Shefte, Esq., President of Distribution and James Townsend, President
of Production.
Empire already owns or controls a library of more than 170 titles for the U.S.
market, over half of which are currently in release. Upcoming theatrical
releases for Empire include the award winning family drama, "War Eagle" and the
epic CGI animated adventure "Thru the Moebius Strip." Top selling current DVD
titles for Empire include "Hounddog" starring Dakota Fanning, "Come Away Home"
starring Lea Thompson, "Grand Champion" starring Bruce Willis and Emma Roberts,
and "Teen Yoga" starring Miss Teen USA (2005), Allie LaForce. In addition to the
company's theatrical and video market releasing activities, Empire also operates
Hannover House, a successful and well-established book publishing label, founded
in 1993.
Learn more about Empire Film Group at www.empirefilmgroup.com
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CONTACT: Empire Film Group, Inc.
Jim Townsend
310-317-9176
JTownsend@EmpireFilmGroup.com
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