MP3.com was sold for $372 million. Could WRIT be Next? – Must Read Inside
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Fellow Members, What an incredible day for WRIT.
WRIT managed to close up over 130% on more then 90 million shares! Congratulations to all our members who were able to profit from our alert.
WRIT could turn into a skyrocket that blows into the orbit at this pace! WRIT was definitely one of THE most active stock today with a massive price gain and incredible volume! We wouldn`t be surprise to see the excitement continues throughout the week since this company is up to something massive from a fundamental perspective! Part of the action today could be due to the major announcement that the company released this morning.
The company announced that Former MP3.com Key Executive, John Diaz, will now be the New President of WRIT! Mr. Diaz has enjoyed a nearly forty-year career in music and video production and distribution. Among his career highlights, Mr. Diaz has produced domestic and international TV for some of the largest music events in history, including specials with Michael Jackson, Bob Dylan, Bruce Springsteen, Sting, The Rolling Stones and many, many others.
This is the same President who was also a founding member of MP3.com! In 1999, MP3.com went public and saw their stock soar from $28 to $105 per share! MP3.com was able to raise a staggering $370M.
Later in 2001, MP3.com was sold to Vivendi Universal for $372M.
John Diaz who is now president of WRIT was part of this incredible company and technology that revolutionize the way we listen to music! Could WRIT be the next GEM We believe so! Check out the detail of the Press release here:
[1]http://finance.yahoo.com/news/ Writers-Group-Film-Corp-bw- 1434734792.htmlx=0&.v=1 One thing is sure though, Mr. Diaz believes in the upside of WRIT and with his network and experience this could attract other big companies to take a closer look at WRIT in the short and long-term! We urge our members to RADAR WRIT very closely! This Could be Our Biggest Announcement of the Year! At around 8 cents, WRIT could be the bargain of a lifetime before the company starts its massive growth phase! If you missed our initial profile on WRIT please read below:
Writers Group Film Corp. (WRIT) WRIT, through its wholly owned subsidiary Front Row Networks Inc., is a content creation company that has assembled a team from top creative and business professionals with a common goal of producing and acquiring live 3D concert productions which can be broadcast digitally directly into theaters across the world.
WRIT produces live concerts by top recording artists in 3D for initial digital broadcast into movie theaters all around the globe! Imagine being able to watch your favorite performers, from the comfort of your local movie theatre, on a LIVE 3D feed while they perform their show live on the other side of the world! The current worldwide phenomenon surrounding 3D motion pictures creates a great opportunity forWRIT. From all corners of the globe, the appeal of 3D is undeniable. Statistics show that it is clear in a very short period of time 3D films have become the top grossing films.
3D films accounted for 11% of the $10.6 billion worth of ticket sales in the U.S. last year.
More than 20 3D movies were released in 2009 – including the blockbuster hit Avatar – and this propelled a boost to $1.14 billion of 3D ticket sales in 2009, from just $240 million in 2008, the New York Times` Media Decoder reports.
To date, “U2 3D” and “Fly Me to the Moon” and “Hannah Montana/Miley Cyrus: The Best of Both Worlds” have seen success in theatres.
“Michael Jackson`s This Is It,” released through Sony, with $186 million worldwide.
Justin Bieber`s “Never Say Never” opened to an estimated $12.4 million from 3,105 theaters to beat “Just Go With It”, which grossed an estimated $9.7 million from 3,548 theaters.
Let`s not kid ourselves, Avatar really lit the candle in the 3D world and did so in a HUGE way! In the film`s fifth weekend, it set the Martin Luther King Day four-day weekend record, grossing$54,401,446, and set another three-day weekend record with a take of $42,785,612.
By the end of its first theatrical release Avatar had grossed $749,766,139 in Canada and the U.S., and $1,990,639,582 in other territories, for a worldwide total of $2,740,405,721.
You already know the industry is huge and seems to be constantly growing, what you may not already know is that the driving force behind WRIT is also extremely impressive.
CEO John Diaz is not a stranger to helping take a company to the next level.
Ever heard of MP3.com Back in 1999 John Diaz, a founding member, spearheaded a group of investors who decided to take MP3.com public.
According to [2]redherring.com, After issuing 12.3 million shares of common stock at a price of $28, MP3.com saw its shares open at $92, then rocket more than 272% to a high of $103! That, ladies and gentlemen, is what we consider serious SUCCESS! We always love to see a management team with a successful track record like John Diaz, and his story doesn`t end there! From his start as a non-paid stage manager at the original Woodstock, John has enjoyed a nearly 40 year career in music & video production and distribution.
With the advent of new distribution platforms for music in the early 1980`s, like the dawn of MTV and the explosion of music videos as a medium and art form, John established himself as one of the leading producers of music videos & events for broadcast throughout the 90`s.
Mr. Diaz has produced domestic and international TV for some of the largest music events in history, including specials with Bob Dylan, Bruce Springsteen, Sting, The Rolling Stones and many others.
Now let`s go back and look at WRIT`s concept. Bringing fans in Tokyo, Rio, and Los Angeles the opportunity to watch their favorite band play Madison Square Garden in New York LIVE AND IN 3D! WRIT is looking at a way to bring a live 3d concert to fans at an extremely reduced price of what the actual event ticket costs.
Take a look at some of the ticket price averages for some big names:
The average price of Eric Clapton tickets for the eight upcoming shows is $238.
The most expensive Clapton show is at the Gibson Amphitheatre at Universal CityWalk with an average ticket price of $319.
Bon Jovi`s concert tickets for the upcoming tour are going for an average price of $165 per ticket. The average price for tickets to see Lady Gaga on tour is $174 per ticket.
In our opinion, a company like Live Nation would be a perfect partner for WRIT.
Live Nation is a live-events company based in Beverly Hills, California, focused on concert promotions. Live Nation formed in 2005 as a spin-off from Clear Channel Communications, which then merged with Ticketmaster in 2010 to become Live Nation Entertainment.
Live Nation produced nearly 22,000 concerts for 2,000 artists in 42 countries during 2009. In 2009, over 52 million fans attended Live Nation concerts and the Company drove over 70 million unique visitors to its website.
Live Nation reported 2010 Q1 revenues of $723 million, down 6.8% from revenue of $775.6 millionin the first quarter of 2009.
WRIT produces live concerts by top recording artists in 3D for initial digital broadcast into movie theaters in the United States, with a wider rollout anticipated in Western Europe, South America and Asia, after a successful US theatrical run. Following the initial theatrical run, the 3D concerts will be licensed to TV broadcasters and DVD retailers.
In addition, Management intends to sell merchandising and sponsorship, specific to each artist in the concert, in theaters where the live concert will be exhibited. This new concept is intended to present the live concerts in 3D to a massive fan base worldwide in a cost efficient manner.
WRIT will leverage its distribution networks and its licensing and merchandising relationships by acquiring 2D and 3D concert footage that has already been produced. The Company will convert its 2D catalogue into digital 3D format, allowing it to package and sell all of its acquired content to digital broadcasters worldwide.
We believe that just like MP3.com and others have changed music sales, WRIT could be changing the way we look at the Live Music Industry forever! Again, we feel that WRIT could be our strongest release of the year! As always, we encourage our subscribers to take a closer look, complete their own due diligence and visit the company`s website at [3]www.frnetworks.com.
Sincerely, The Stockpicktrading.com Team ****************************** ********
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References 1. http://finance.yahoo.com/news/Writers-Group-Film-Corp-bw-1434734792.htmlx=0&.v=1 2. http://redherring.com/
3. http://www.frnetworks.com/
4. http://www.frnetworks.com/
5. http://www.sec.gov/
6. http://www.finra.org/
7. http://www.investor.gov/
8. http://www.sec.gov/
9. http://www.finra.org/
10. http://www.finra.org/Investors/index.htm This message was sent to from:
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