- The company is intent on meeting the growing demand for quality content, will maintain a continuing $58 million annual production slate
- Wonderfilm Media Corporation expects $20 million in deferred revenue in early 2020
- Now backed by four Hollywood producers with over $1 billion dollars of hit movie revenues
Wonderfilm Media Corporation (TSX.V: WNDR) (OTCQB: WDRFF), a leading entertainment company producing internationally appealing feature films and episodic television, is working on quality theatrical releases and entertainment content for an increasing number of streaming services. Company CEO Kirk Shaw, a veteran producer of 240 movies including the Oscar-winning The Hurt Locker, discussed Wonderfilm Media Corporation’s business model, production plans, talent and expansion in an exclusive interview with NetworkNewsWire (http://ibn.fm/ZQXrf).
According to Shaw, Wonderfilm makes money from producing fees that are added to the production budget and from overages above the presale threshold. Wonderfilm owns the films after their sale terms end. The company also profits from unsold presale territories, which are countries or territories left off of a film’s presale list.
In the interview, Shaw also discussed Wonderfilm’s recent operational achievements such as the launch of an international film and television sales and distribution joint venture called Wonderfilm Global. This joint venture is expected to generate significant incremental value by selling content to both national and international buyers, including streaming services such as Disney+. “That was a big accomplishment for the company and for me. I already have tremendous relationships with many foreign buyers, so being able to sell to them directly is a big stepping-stone,” Shaw said in the interview.
Wonderfilm Media’s CEO explained that there is a growing demand for quality content, given the explosion of streaming services onto the market and with newer services from Disney, Apple, Google and Microsoft giving Netflix its first real competition for streaming service subscribers. “Disney, for the first time in its history, has to start looking at third-party content from suppliers like us. It’s our content that’s required to fill the time and attract the subscribers,” Shaw explained. “It’s an exciting time to be in the entertaining business and in the content creation business.”
Wonderfilm brings a number of key industry executives with well-established track records of individual success into a new wider business model able to quickly finance and flexibly produce fresh slates of film and television content for U.S. and foreign markets. The company is backed by four Hollywood producers who have produced over $1 billion in hit movie revenues. These include award-winning Shaun Redick and Yvette Yates who produced two of the most successful Hollywood movies before joining Wonderfilm Media Corporation: Get Out in 2017 and BlacKkKlansman in 2018.
Shaw also briefly discussed Wonderfilm’s recent releases, such as the John Travolta-led The Fanatic; Tammy’s Always Dying, starring Felicity Huffman, which premiered at the Toronto Film Festival; and Nicolas Cage vehicle Primal, which opened in theaters on November 9, 2019.
Wonderfilm prides itself on sustaining high production quality while providing exponential future value for its shareholders. The company expects $20 million in deferred revenue in early 2020 alone and is positioned to realize $100 million in revenue by 2021. On the stock market, it is undervalued by a factor of 23 with a market cap of $5.2 million.
To meet the growing worldwide need for content, Wonderﬁlm maintains a continuing $58 million annual production slate. Wonderfilm’s production process is characterized by aversion to risk, resulting in predictable and consistent revenue streams. The global media and entertainment market is expected to grow from $1.9 trillion in 2017 to $2.4 trillion in 2022, a five-year CAGR of 4.4%.
Wonderfilm is a leading entertainment company with offices in Los Angeles and Vancouver. Its main business is high-quality film and TV production based on the principle of bringing new financing solutions to an entertainment industry that is demanding funding and co-production alternatives more strongly than ever. The legal ownership of movie productions is held in a special purpose legal entity held at arm’s length to the company to facilitate the qualification of various levels of domestic and foreign government tax credit incentives that are customary in the film and production business.
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