- Soaring content demand from streaming providers is fueling global media and entertainment market that is expected to grow to $2.4 trillion in 2022
- Wonderfilm produces high-quality feature films and episodic television that offer international appeal
- Wonderfilm Media is led by CEO Kirk Shaw, producer of 240 movies including Oscar-winning The Hurt Locker, starring Jeremy Renner
- Company partner Shaun Redick, Oscar-winning producer of Get Out ($255M gross revenue) and BlacKkKlansman ($100M gross revenue), leads Wonderfilm’s Executive Production Team
Wonderfilm Media Corporation (TSX.V: WNDR) (OTCQB: WDRFF), a producer of high-quality feature films and episodic television with international appeal, is working with some of Hollywood’s best talent to create unforgettable entertainment while providing a solid future value for its shareholders. Backed by an award-winning creative team, with more than $1 billion in hit movie revenues to their collective credit, Wonderfilm has developed a business model that generates a return to the company as soon as the cameras start rolling.
Wonderfilm CEO Kirk Shaw shares details of the company’s winning business strategy in an exclusive interview with NetworkNewsWire, which can be heard here: (http://ibn.fm/U3UjK). Shaw is a veteran producer of 240 movies airing on television and the big screen, including the Oscar-winning The Hurt Locker, starring Jeremy Renner. Among the interview highlights is an overview of Wonderfilm’s operational achievements, such as the launch of Wonderfilm Global – an international film and television sales and distribution joint venture expected to generate significant incremental revenue.
Shaun Redick, who is one of Hollywood’s most successful feature film producers, is on board as a Wonderfilm company partner. Redick and his wife, Yvette Yates, produced two of the most successful and profitable films of 2017 and 2018 – Get Out, with $255 million in gross revenues, and BlacKkKlansman, which grossed $100 million. Both films won Oscars, adding to Redick’s legacy of 175 award wins, 355 nominations and 10 Oscar nominations.
Redick’s ability to constantly identify shifting trends in the content creation and distribution side of the industry provides Wonderfilm with the exciting potential to deliver breakout films and new revenue streams. Redick and Yates are scheduled to produce two to three films per year for Wonderfilm, with the first release slated for October 2020. The pair are also committed to the 4% challenge to give more women and women of color the opportunity to direct.
Soaring demand for content from streaming providers is fueling industry growth. The global media and entertainment market is expected to grow from $1.9 trillion in 2017 to $2.4 trillion in 2022, at a five-year CAGR of 4.4%. Wonderfilm currently has 17 films greenlit with combined budgets totaling $58 million.
Wonderfilm’s most recent theatrical release, slated to premiere December 6 in U.S. theaters, is Beyond the Law, starring Steven Seagal (Under Siege), DMX (Romero Must Die) and Johnny Messner (Silencer, Weaponized) (http://ibn.fm/Nfit5).
“Beyond the Law is the fourth North American Wonderfilm theatrical release of 2019. It’s a big milestone for us, but next year we expect to double the number of movies released in theaters,” Shaw stated in a news release. “Professionally, Beyond the Law was exciting since we were finally able to reunite Steven Seagal with DMX in a great action thriller.”
Wonderfilm is also sending a “cease and desist” letter to Archer Entertainment Media Communications, Inc. (“Archer”) after becoming aware of a publication that falsely states that Wonderfilm is in talks to form an alliance with Archer. This is not true and Wonderfilm disclaims any talks or relationship with Archer (http://ibn.fm/oTeV4).
Wonderfilm has developed a low-risk approach to content creation by focusing on producing quality entertainment with top Hollywood talent, working within relatively low budgets, and utilizing a business model that pre-sells the film before shooting starts. Not only does this secure much of the finance needed to make a film happen, it also ensures that the project will reach its audience. That allows the company to confidently produce films on a fast, steady production schedule (http://ibn.fm/X2K4D).
The company’s film library grows with each new production, adding to future sales revenue. Depending on the agreement, exploitation rights for future worldwide sales return to Wonderfilm four or seven years after delivery. As of October 2019, Wonderfilm’s growing film library comprises 18 titles for future exploitation.
For more information, visit the company’s website at www.Wonderfilm.com
NOTE TO INVESTORS: The latest news and updates relating to WDRFF are available in the company’s newsroom at http://ibn.fm/WDRFF