One of the great opportunities coming out of the 3D revolution taking place in the movie industry is that smaller players, like StereoVision Entertainment (OTC:BB SVSN), can take advantage of all the new 3D theater conversions when they are not being used for the major studios tentpole releases. Timing is of the essence of course as right now there are more and more 3D theaters opening up, yet not all that many 3D movies released yet. That's all about to change in 2009, so getting the right movie out at the right time is very important, even for the small players. Adirondack International Pictures are also in this space.Jack Honour, CEO of StereoVision says:
"Having a quality distributor like Capitol Films in place allows us to negotiate the best possible terms for the financing of StereoVision’s slate of movies.”
StereoVision announced this morning that they have just inked a three picture distribution deal with Capitol Films Limited whose Chairman David Bergstein states:
“We believe the timing is perfect to exploit StereoVision’s theatrical 3-D movie model. There is going to be an exponentially growing demand for theatrical 3-D movie content, and we’re happy to work with StereoVision towards their becoming a leading supplier of that content.”
Capital was founded in 1989 and has distributed more than 100 films. StereoVision intends to produce and release at least fifteen 3-D feature films over the next 5 years, some of which have been listed on MarketSaw's list of upcoming 3D movies here.
There is a lot of positioning taking place right now with many different players and it is very interesting to see the hierarchy of things once the dust has settled. This deal goes a long way to securing an already bright future for the 3D industry and its customers who will be thrilled with the results.
Links:
http://www.capitolfilms.com/
http://www.stereovision.com/
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