Saturday, June 14, 2014

The Regional News: Moving Hollywood to Coastal Georgia Could Mean Record Profits

Moving Hollywood to Coastal Georgia Could Mean Record Profits

(NewsUSA) - Due to soaring labor costs and a weak tax credit structure, more movie producers and studios are flocking east to produce feature films. "Over the past several years, Hollywood has become very expensive to produce movies," says Jake Shapiro, CEO of Medient Studios. "In my opinion, Georgia will be the new Hollywood." According to Georgia.org, in 2013 alone, television networks, Hollywood studios, production companies and independent producers invested more than $3.3 billion in the state's film industry. One of the most ambitious film projects in the state, let alone the nation, is Medient Studios, a 12-year-old production company that has leased a 1,560 acre property in Effingham County, Georgia, to build a "Studioplex." Medient Studios (OTC: MDNT) is building what many consider to be the most ambitious public/private partnership to date -- the property is approximately the same size as Central Park and will be home to over 2 million square feet of sound stages and post-production facilities. Leading the way is Medient Studios' newly appointed CEO Shapiro. As an honors graduate of Rutgers University, the financier was critical in negotiating the original public/private partnership with Georgia, and he has a long history of capital formation for small- and mid-cap-sized companies. "We are in the process of building an intellectual property factory," says Shapiro. "A factory serves two primary purposes -- to increase production and reduce costs. The Medient Studioplex in Georgia is disruptive to conventional Hollywood wisdom, whereby there is little to no alignment between the film investors and the producers who actually spend the money. By focusing on producing great content, with factory efficiencies, our team believes it can generate profit margins unheard of in the entertainment business." For more information, visitwww.medient.com.

Friday, June 6, 2014

Dennis Davidson to Act as Special Advisor to the Chairman of Medient Studios

LONDON, JUNE 5, 2014: Medient Studios Chairman, Manu Kumaran, announced today that DDA Consulting’s Dennis Davidson has been engaged as his external Special Advisor.

Founder of internationally renowned public relations and marketing company, DDA Public Relations, Davidson has recently relinquished all executive responsibilities to concentrate on his DDA Consulting label. Boasting over forty years’ experience within the filmed entertainment industry, he now provides in-depth advice and support in all aspects of international distribution, marketing and public relations to a very select client base. He will advise Kumaran across all Medient’s businesses, including the Studioplex, and corporate PR strategies.

Among other titles, Davidson has served as the producer’s international representative on David O. Russell's, AMERICAN HUSTLE, and the Wachowski sibling’s, CLOUD ATLAS, both of which grossed over $100MM at the international box office. He is currently representing producer Moritz Borman on all international aspects of Oliver Stone’s upcoming film based on Edward Snowden’s story, George Mendeluk’s Ukrainian epic drama THE DEVIL’S HARVEST, Lakeshore’s THE AGE OF ADALINE and River Road’s LOVE AND MERCY, the Brian Wilson story directed by Bill Pohlad. He also represents Atlas Independent across their slate of films and provides corporate PR support to Fortissimo Films.

On his new role as an advisor to Medient, Dennis Davidson commented, “I am very impressed by Manu’s vision and the international team that he has assembled to fulfil it and so I’m delighted to become his outside consultant, across the whole business”.
Medient Studios, which has become a multi-international production company, is expanding to create Studioplex, a fully integrated movie and game production facility and campus on a 1550 acre property in Effingham County, Georgia. Once operational, this production facility will be the largest of its kind in the United States, if not the World.

As the company continues to build a global entertainment enterprise, the studio will acquire corporations suited to the structure of housing all aspects of content creation, distribution, and sales under the Medient umbrella. Medient most recently acquired Munich based Atlas International in January, 2014.

Davidson will work alongside Medient’s experienced team which comprises of multi-international industry professionals such as, seasoned Indian entertainment journalist-turned-script-writer and co-founder of Medient, Pankaj Kapoor; Working Title’s shareholder and Finance Director, Graham Bradstreet; Medient lifer and the young and dynamic head of Indian operations, Shilpa Mittal; former Vice President of International Business & Legal Affairs at Rysher Entertainment and founder of leading game talent management and production company, Union Entertainment, Richard Leibowitz; specialist Hollywood flying rigger, Robert Wiesinger (Star Wars, Superman, and the Indiana Jones series);  Magmasters Sound Studios Founder, Steve Cook (The Godfather, Return of the Pink Panther and Deliverance); economic development, government affairs, public relations expert and creator of The Savannah Film Office, Jay M. Self (The Legend of Bagger Vance, The Conspirator, The Last Song, The Gift, The Gingerbread Man, and X-Men: First Class) and business development and content creation executive Megan C Murphy.

Medient Chairman, Manu Kumaran noted, “Dennis' success as a marketing professional and as an entrepreneur is a matter of public record. His acumen and rolodex will add a whole new dimension to the Medient story”.

Along with its Studioplex venture, Medient announced several upcoming projects at this year’s Cannes Film Festival including a joint venture with Malaysian production company, Tarantella Pictures, and their upcoming martial arts film, KILAT. Additionally Medient released a first look trailer for the Indian political documentary, THE BATTLE OF BANARAS.

Medient announced yesterday that they will release Nick Cassavetes’, YELLOW, on August 29th, 2014 in five US markets. The film’s limited release will be followed by a nationwide expansion.

About Dennis Davidson
Founder DDA Public Relations and DDA Event Management.

Dennis Davidson’s first introduction to Public Relations came when he was recruited to the publicity department at the Associated British Picture Corporation (ABPC) Group in March 1968. Davidson resigned this position, to form Davidson Dalling Associates Limited, as a specialist
entertainment PR consultancy, in August 1970.

Since that time, the DDA companies (they became DDA Public Relations Limited and DDA Event
Management Limited in 2003) are recognised as among the most successful entertainment industry public relations & event management consultancies operating on a global basis.

Davidson is a Fellow of the Institute of Public Relations, the Institute of Directors and the Royal Society of Arts, a member of the Academy of Motion Picture Arts & Sciences, and of BAFTA,
Philanthropic interests include amFAR’s “Cinema against Aids”, the Variety Club of Great Britain and The Institute of Cancer Research.

Married to Janette Day, a film producer, Davidson has one daughter and three sons.

Wednesday, June 4, 2014

The New Wilderness wins Best Film at the “Dutch Oscars”

The Dutch feature documentary “The New Wilderness”, distributed internationally by Atlas International, a Medient Studios, Inc. subsidiary has won the “Best Film” at the Dutch “Rembrandt Awards” 2014, the “Dutch Oscars”.  It is the first time ever that a feature documentary competed with fictional movies for the Best Dutch Movie of the Year. “The New Wilderness” sold over 750000 tickets at the Dutch box office in 2013 and was the sixth highest grossing film finishing above hits like “Iron Man 3”, “The Hangover Part III”, “Gravity”, “Django Unchained” and “The Hobbit: An unexpected Journey”.

Three years in production, with more than 600 shooting days in the field, “The New Wilderness” is a spectacle, celebrating the wildness and stark beauty of the Oostvaardersplassen - 6,000 hectares of newly formed polder that has been transformed into one of Europe’s most dynamic and productive wetlands - home to some of Europe’s rarest birds such as the magnificent white tailed eagle, which hadn’t been seen in the Netherlands since the Middle Ages.

Tuesday, June 3, 2014

Medient Studios to Release Yellow on August 29

EFFINGHAM COUNTY, GA--(Marketwired - Jun 3, 2014) - Medient Studios, Inc. (OTCQB:MDNT) ('Medient') announced today that it will release Nick Cassavetes' Yellow on August 29 in New York, San Francisco, Los Angeles, Seattle and Chicago, followed by a planned expansion nationwide. A festival favorite, Yellow has been screened to great critical acclaim at over a dozen film festivals around the world, including Toronto International Film Festival, Tokyo International Film Festival, Munich Film Festival, Seattle International Film Festival, Sitges Film Festival and SXSW among others. The film also won the "Best Feature Film" award at the Catalina Film Festival in September 2013.

Nick Cassavetes, the director and writer of Yellow, said, "I guess what I'm interested in today is putting up on screen something that is consistent with what I see when I walk out my front door. And granted, I'm a little crazy, but 'Yellow' comes pretty darn close."

Yellow has received several glowing reviews over the past months when it has played at the various film festivals. Screen Daily calls it a film "destined for cult status" while Indiewire called it Cassavetes' best work. "It's not only Cassavetes' best movie, but also a fascinating alternative to conventional melodrama that burrows inside its troubled protagonist's head and unleashes her emotions in vivid terms. No matter how messy it gets, 'Yellow' renders a troubled subjectivity with striking creativity."


Manu Kumaran, Chairman of Medient Studios and the Producer of the film said that this was a labor of love. "Nick Cassavetes has invented a new story telling idiom. He has broken every narrative tool in the shed and yet pulled off this stunning ode to a modern reality. This is a film for the ages, a film that will survive all of us. Every screening of the film to an American audience has ended in a standing ovation and we expect the film to perform well at the box office."

A visually dazzling head-trip from director Nick Cassavetes (The Notebook, The Other Woman),Yellow tells the story of Mary Holmes, (Heather Wahlquist), a young substitute teacher who escapes from her drudging everyday life by fantasizing bizarre parallel realities. We enter her hallucinatory world, peopled with Busby Berkeley dancers, Cirque du Soleil, Circus freaks, and human farm animals, where nothing is quite what it seems.

Yellow stars Heather Wahlquist, Sienna Miller, Melanie Griffith, Lucy Punch, Gena Rowlands, David Morse, Daveigh Chase, Max Thieriot, Riley Keough, Ethan Suplee, Brendon Sexton and Ray Liotta.

About Medient
Medient Studios, Inc. (OTCQB: MDNT) ('Medient') (www.medient.com) is an entertainment content creation company with a strong presence in North America, Europe and India. Medient's management team has approximately 150 years of experience in the motion picture industry and is responsible for producing and/or financing over 250 movies. Medient is realigning the content creation process to enable efficiencies of scale and eliminate process waste by building a fully integrated movie and electronic game production facility as part of its Studioplex on a 1,560-acre property in Effingham County, Georgia. Once operational this production facility will be the largest of its kind in the United States.

Safe Harbor Statement
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned or required capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, the company. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, and other risks and uncertainties described in the Company's periodic filings with the Securities and Exchange Commission.

CONTACT INFORMATION
Investor Relations:
David Waldman or Natalya Rudman
Crescendo Communications, LLC
Phone: +1 (212) 671-1020 Ext. 304
Email: mdnt@crescendo-ir.com
http://www.crescendo-ir.com/

Thursday, May 29, 2014

Former NY Governor David Paterson Joins Medient Board


EFFINGHAM COUNTY, GA--(Marketwired - May 29, 2014) -  Medient Studios, Inc. (OTCQB:MDNT) ('Medient') announced today that former New York Governor David Paterson has accepted his nomination to join the Board of Directors of Medient.
"Governor Paterson is a globally recognized leader, whose experience, wisdom, reputation, and relationships will be a huge asset for all Medient stakeholders. It is with great pride and pleasure that we welcome him into the Medient family," stated Manu Kumaran, Chairman of the Board of Medient.
"As Governor of New York State, I approved over $750M in film tax credits. Film tax credits create strong returns for communities, and generate tremendous job creation," stated Gov. Paterson. He added, "I am committed to helping Charles, Manu, and the Medient team find the resources to make this beautiful dream come true."
About David PatersonDavid Alexander Paterson (born May 20, 1954) is an American politician and the 55thGovernor of New York from 2008 to 2010. He was the first African American governor of New York and also the second legally blind governor of any U.S. state after Bob C. Riley, who wasGovernor of Arkansas for 11 days in January 1975. Since leaving office, Paterson has been a radio talk show host on station WOR in New York City.
After graduating from Hofstra Law School, Paterson worked in the District Attorney's office ofQueens County, New York, and on the staff of Manhattan Borough President David Dinkins. In 1985, he was elected to the New York State Senate to a seat that was once held by his father, former New York Secretary of State Basil Paterson. In 2003, he rose to the position of Senate Minority Leader. Paterson was selected as running mate by then-New York Attorney Generaland Democratic Party gubernatorial nominee Eliot Spitzer in the 2006 New York gubernatorial election. Spitzer and Paterson were elected in November 2006 with 69 percent of the vote, and Paterson took office as Lieutenant Governor on January 1, 2007.
Paterson was sworn in as governor of New York on March 17, 2008. On May 21, 2014, Mr. Paterson was named Chair of the New York State Democratic Committee.
About Medient
Medient Studios, Inc. (OTCQBMDNT) ('Medient') (www.medient.com) is an entertainment content creation company with a strong presence in North America, Europe and India. Medient's management team has approximately 150 years of experience in the motion picture industry and is responsible for producing and/or financing over 250 movies. Medient is realigning the content creation process to enable efficiencies of scale and eliminate process waste by building a fully integrated movie and electronic game production facility as part of its Studioplex on a 1,560-acre property in Effingham County, Georgia. Once operational this production facility will be the largest of its kind in the United States.
Safe Harbor Statement
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned or required capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, the company. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, and other risks and uncertainties described in the Company's periodic filings with the Securities and Exchange Commission.

CONTACT INFORMATION

Tuesday, May 27, 2014

Yes we Cannes



Far better is it to dare mighty things, to win glorious triumphs, even though checkered by failure... than to rank with those poor spirits who neither enjoy nor suffer much, because they live in a gray twilight that knows not victory nor defeat….
Theodore Roosevelt

Phew!!! Medient’s first Cannes went well!! We went in with a rather daunting agenda and filled with doubt about our ability to pull it off. After several 16 hour 7 day weeks, I am happy to report that we were able to make ourselves heard over the cacophony that is the world’s biggest film market.

The Objectives:
  • To introduce the Studioplex to the industry as the next generation production facility that will entirely change the content creation mechanics and economics.
  • To formally announce the acquisition of Atlas and re-introduce them as a market leader in International Film Sales.
  • To present new films and to explore collaboration, financial and content, within the industry.

MEDIA BREAKFAST TO INTRODUCE THE STUDIOPLEX
On Thursday, May 15th, 2014, together with Medient Task Leaders and Atlas International President, Stefan Menz, I participated in a trade-specific media briefing in the Deauville Suite at The Majestic Barriere, Cannes. Trade journalists discussed queries surrounding Medient Studios in an informal environment to gain a full understanding of Medient’s foundations, the STUDIOPLEX venture, Medient’s recent acquisitions and overall plans for the future. During the briefing, we unveiled a sizzle reel outlining the impressive STUDIOPLEX facility and provided press with media packs, specifying investor relations and company detailed company information.  In my opinion, this could not have unfolded in a more satisfactory way, with articles published online and in print and more coverage expected in the coming weeks.

Result:
  • To maintain an identity within trade press for Medient Studios, Inc., that not only showcases the full service production facility but homes the company at the forefront in the provision and use of cutting edge technologies.
  • Emphasize in fiscal benefits of using the Georgia studio, with integrated production finance advice available to third party producers.
  • To bring producers to the Studio, by offering to package and/or co-produce and/or co- finance films, thereby creating a critical mass of films for it to sell.
  • To make international distributors aware that Medient /Atlas will soon be delivering a consistent slate of films to the marketplace, thereby encouraging them to enter into output deal arrangements.

THE HOLLYWOOD REPORTER Cannes: Medient CEO Looks to Reimagine Film Production Process, Cut Cost by 40 Percent 15 May, 2014, by Georg Szalai

SCREEN DAILY Medient reveals $700m Studioplex plans 16 May, 2014, by Geoffrey Macnab

VARIETY Cannes: Medient Bows High-Tech Plan for Georgia Studio 15 May, 2014, by Patrick Frater


KILAT ANNOUNCEMENT / TV AND PHOTOCALL FRIDAY, MAY 16TH, 2014, THE CARLTON PIER, CANNES

The cast of KILAT successfully completed a photocall on Friday, May 16th, 2014, on the Carlton Pier, Cannes. Photographers and TV outlets captured a live ‘Silat’ fighting performance, which was subsequently covered online through pre-recorded and live TV footage and syndicated images. This photocall represented the official announcement for KILAT, which marks Medient Studios’ and Tarantella Pictures 1st joint venture film.

MEDIENT STUDIOS’ ACQUISITION OF ATLAS INTERNATIONAL /INDUSTRY INTERFACE
Medient Studios formally announced the acquisition of Atlas International at an invite only, industry event on Saturday, May 17th, 2014, at Vega Luna Plague, Cannes.

Prior to the event,  Stefan Menz and I each spoke separately with German outlet, DPA. Star TV, India, was also present to cover the event itself.

During the event, we presented the STUDIOPLEX sizzle reel to the industry. Following this, critically acclaimed film director, Sudhir Mishra, unveiled the trailer for our latest film Kamal Swaroop’s, THE BATTLE FOR BANARAS. 

COLLABORATION MEETINGS
We also had over 90 meetings with Governments, Film Commissions, Co Production partners, Writers, Directors, Sales Companies for acquisition opportunities, Distribution companies for output deals and for acquisition opportunities, Tax Credit Funds, Investment Banks and Retail Banks specializing in production financing. NDAs are being signed, scripts and show reels have been submitted to us, draft MoUs are being prepared and overall it must be said that significant progress has been made.

Over the next 90 days we expect to traverse the globe visiting cities such as Athens, Rome, Prague, Beijing, Kuala Lumpur, Sydney, Budapest, Madrid and Shanghai to solidify and conclude several of these conversations. We expect that the net result will be the transformation of Medient into a truly integrated, truly global enterprise.

Manu Kumaran

Thursday, May 22, 2014

Construction Begins on Medient Studioplex Property

EFFINGHAM COUNTY, GA--(Marketwired - May 21, 2014) - Medient Studios, Inc. (OTCQB:MDNT) ('Medient') announced the commencement of drilling for the fresh water well. The well is expected to be operational within 280 days.
The existing 155 foot tall water tower can hold up to 500,000 gallons of water. The new well is currently permitted to draw up to 150,000 gallons per day. The well is capable of drawing over 2 million gallons a day.
A locally owned business, PINCO, was awarded the drilling contract. PINCO specializes in water and sewer infrastructure construction.
John Henry of the Effingham County Industrial Development Authority stated, "Drilling this well should allow the studios to get up and running quickly now."
Manu Kumaran, Chairman of the Board of Medient, stated, "Water is the fundamental prerequisite for all other elements of the construction process. We expect to commence work on the roads in the next few days as well."
The company had released Activity Guidance Estimates in April and expects construction to stay on schedule.
About Medient
Medient Studios, Inc. (OTCQBMDNT) ('Medient') (www.medient.com) is an entertainment content creation company with a strong presence in North America, Europe and India. Medient's management team has approximately 150 years of experience in the motion picture industry and is responsible for producing and/or financing over 250 movies. Medient is realigning the content creation process to enable efficiencies of scale and eliminate process waste by building a fully integrated movie and electronic game production facility as part of its Studioplex on a 1,560-acre property in Effingham County, Georgia. Once operational this production facility will be the largest of its kind in the United States.
Safe Harbor Statement
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned or required capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, the company. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, and other risks and uncertainties described in the Company's periodic filings with the Securities and Exchange Commission.

CONTACT INFORMATION