Strong Global Entertainment, Inc. (NYSE American:
SGE, the “Company”) today announced that its subsidiary, Strong
Studios, Inc.
(“Strong Studios”) (Safehaven,
Flagrant, Inside the Black Box), has acquired the worldwide
distribution rights for its original series Safehaven from Screen
Media Ventures, LLC, a division of Chicken Soup for The Soul
Entertainment, Inc. Additionally, the Company announced that
Ravenwood-Productions LLC (“Ravenwood”) has made an investment to
acquire an ownership stake of Safehaven.
Mark Roberson, Chief Executive Officer of Strong
Global Entertainment commented, “We are excited about bringing
Safehaven to the public and are ramping up the sales and marketing
process with potential buyers. The monetization of a portion of the
intellectual property is an important validation of the quality of
the series and improves the overall economics for Strong Studios
related to the future success of the series.”
“We are thrilled that Ravenwood shares our
confidence and vision for the series. We look forward to working
closely with them to bring Safehaven to the global market,” said
David Ozer, President of Strong Studios.
As part of this transaction, the parties have
agreed to enter into a sales agent agreement with William Morris
Endeavor Agency to market the series.
Further details on the transaction may be found in the Company’s
form 8-K filed with the SEC July 7, 2023.
About
Safehaven
Safehaven was created by James Seale (30 Below,
Throttle) who serves as showrunner. The 10 episode series stars
Georgie Murphy (Christmas by the Book) and Gino Anania (Skymed, The
Porter, Kiss Before Christmas), along with the multi-award-winning
Bob Frazer (Drinkwater, The Cannon, Finding Mr. Right, Girlfriend
Experience, The X-Files).
Safehaven tells the story of high school
comic artist Jenna Frost (Murphy), who must uncover the truth after
horrifying visions come to life from her creations, threatening to
destroy everything around her. John Rayburn (Frazer) is the
mysterious new school counselor determined to save her, even if it
endangers both of their lives and unearths his own personal demons.
Complicating matters is Will (Anania), a passionate young man
committed to protecting Jenna, who finds herself torn between
rejecting his help and her growing feelings for him.
About Strong Studios
Strong Studios, headquartered in New York, NY,
is a subsidiary of Strong Global Entertainment, Inc. (NYSE
American: SGE). Strong Studios develops and produces original
feature films and television series, as well as acquires third
party rights to content for global multi-platform
distribution. The studio launched in March 2022 with the
production of Safehaven and Strong Studios is currently
developing Flagrant with Michael Rapaport, Shadows
in the Vineyard, a limited true crime drama starring Judith
Light and Noah Wyle, the drama
series, Heartbeat, co-created by legendary DJ couple Kiss
and M.O.S. and the feature film, The Tank Job.
About Strong Global Entertainment,
Inc.
Strong Global Entertainment, Inc. is a leader in
the entertainment industry, providing mission critical products and
services to cinema exhibitors and entertainment venues for over 90
years. The Company manufactures and distributes premium large
format projection screens, provides comprehensive managed services,
technical support and related products and services primarily to
cinema exhibitors, theme parks, educational institutions, and
similar venues. In addition to traditional projection screens, the
Company manufactures and distributes its Eclipse curvilinear
screens, which are specially designed for theme parks, immersive
exhibitions, as well as simulation applications. It also provides
maintenance, repair, installation, network support services and
other services to cinema operators, primarily in the United States.
The Company also owns Strong Studios, Inc., which develops and
produces original feature films and television series.
About FG Group Holdings
Inc.
FG Group Holdings Inc. is a diversified holding
company with operations and investments across a broad range of
industries. FG Group Holdings has a majority ownership in Strong
Global Entertainment, which includes STRONG/MDI Screen Systems
(www.strongmdi.com), the leading premium screen and projection
coatings supplier in the world and Strong Technical Services
(www.strong-tech.com), which provides comprehensive managed service
offerings with 24/7/365 support nationwide to ensure solution
uptime and availability. FG Group Holdings also holds equity stakes
in GreenFirst Forest Products Inc., Firefly Systems, Inc., and FG
Financial Group, Inc., as well as real estate through its Digital
Ignition operating business.
About Fundamental Global®
Fundamental Global® is a private partnership
focused on long-term strategic holdings. Fundamental Global® was
co-founded by former T. Rowe Price, Point72 and Tiger Cub portfolio
manager Kyle Cerminara and former Chairman and CEO of TD
Ameritrade, Joe Moglia. Its current holdings include FG Financial
Group Inc., FG Group Holdings Inc., BK Technologies Corp.,
GreenFirst Forest Products, Inc., FG Merger Corp., FG Acquisition
Corp., OppFi Inc., Hagerty Inc., and FG Communities, Inc.
The FG® logo is a registered trademark of
Fundamental Global®.
Forward Looking Statements
This press release contains “forward-looking
statements” that are subject to substantial risks and
uncertainties. All statements, other than statements of historical
fact, contained in this press release are forward-looking
statements. Forward-looking statements contained in this press
release may be identified by the use of words such as “anticipate,”
“believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,”
“seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,”
“target,” “aim,” “should,” "will” “would,” or the negative of these
words or other similar expressions, although not all
forward-looking statements contain these words. Forward-looking
statements are based on the Company’s current expectations and are
subject to inherent uncertainties, risks and assumptions that are
difficult to predict. Further, certain forward-looking statements
are based on assumptions as to future events that may not prove to
be accurate. These and other risks and uncertainties are described
more fully in the section titled “Risk Factors” in the final
prospectus related to the Company’s initial public offering filed
with the SEC. Forward-looking statements contained in this
announcement are made as of this date, and the Company undertakes
no duty to update such information except as required under
applicable law.
Investor Relations Contact:Mark
RobersonStrong Global Entertainment, Inc. - Chief Executive
OfficerIR@strong-entertainment.com
John Nesbett/Jennifer BelodeauIMS Investor
Relationssge@imsinvestorrelations.com
For Strong Studios Media
Inquiries:David OzerStrong Studios- President
David.ozer@strongstudios.com
Strong Global Entertainm... (AMEX:SGE)
Gráfica de Acción Histórica
De Ago 2024 a Sep 2024
Strong Global Entertainm... (AMEX:SGE)
Gráfica de Acción Histórica
De Sep 2023 a Sep 2024