New Blockbuster Announcement WRIT
PennyPic Newsletter
Hi All, We`ve spent the last few weeks researching and trying to find what could be one of our biggest announcements EVER! We are very excited and confident about this Company.
And our new big BLOCKBUSTER announcement is:
** WRIT **
WRIT has been a pretty quiet company until last week. The surge in volume this past Friday could be the start of a major rally! WRIT announced near the end of last month that they have acquired Front Row Networks, Inc., a Los Angeles-based concert production company.
This is significant news as it opens the doors for WRIT into the 3D industry! Front Row Networks produces live concerts by top recording artists in 3D for initial digital broadcast into movie theaters in the United States, with a wider roll out anticipated in Western Europe, South America and Asia, after a successful US theatrical run.
Many of the movies in theaters right now are in 3D plus many more in 3D are expected to hit the theaters soon.
3D movies have become a phenomenon at the box office! Last year Toy Story 3 (in Disney Digital 3D) topped the worldwide box-office with $145.3mil on its FIRST weekend! Imagine if you could watch the concert of your favorite singer or band on a movie screen in 3D. Concerts turned into 3D movies have had monumental success! You can read the PR here:
http://finance.yahoo.com/news/Writers-Group-Film-Corp-bw-2042813439.htmlx=0&.v =1 WRIT currently trades at around: $0.04 The current success of Hollywood 3D films and the continuing success of large scale concerts suggest a large international market for WRIT.
WRIT`s concept is intended to present live concerts in 3D to a massive fan base worldwide in a cost efficient manner.
A project in development right now is Lady Gaga 3D Concert!! This is a cutting-edge 3D concert with motion-capture of one of todays TOP ARTISTS! Lady Gaga is recognized all over the world for her music and her style. In February 2011, Billboard named her the top selling artist of 2010! You can see the rest of the Company`s projects here:
http://www.frnetworks.com/projects.html Several singers and artists with 3D movies have had an obscene amount of success.
Take a look at these figures:
** Justin Bieber: Never Say Never — on its opening day, topped the Friday box office by an estimated grossing of $12.4mil! The movie grossed almost $30mil for the weekend! ** The Hannah Montana & Miley Cyrus: Best of Both Worlds Concert Tour opened to $31mil back in 2008! ** This Is It — a documentaryconcert film that featured rehearsal footage from the world tour Michael Jackson was working on when he passed away — grossed a whopping $261mil! WRIT management believes that audiences will be attracted to the new 3D technology and expects its broadcast of the initial concert to be one of the first of its kind in North America! We are giving a STRONG ALERT on WRIT to our Members! Below you will see why we think WRIT could be our next huge gainer! ***One in three people in the U.S. and Canada saw a movie in 3-D in 2010!***
***The number of people who saw movies was up 3% last year at nearly 223 million!***
***Concert ticket sales in 2010 declined while the movie industry reached new heights!***
With a movie ticket costing less than a concert ticket, more people may be inclined to see a concert in a movie theater instead! In 2010, gross revenues in the concert industry saw a 13% drop compared to 2009! According to trade magazine Pollstar, gross revenue for the top 100 tours DROPPED 13% to $2.2 billion, from $2.5 billion in 2009 and ticket sales FELL 12% to 35.7 million, from 40.5 million! This is while 3-D movies helped Hollywood HIT A RECORD in 2010! A Hollywood Industry group has said that the global box office hit a record $31.8 billion in 2010, growing 8% from the year before on the strength of 3D ticket sales and a hot Asia-Pacific market.
Statistics show in a very short period of time 3-D films have become the top grossing films.
Avatar is the HIGHEST GROSSING FILM of all time and has earned more than $2 billion world wide! Andrew Cripps, president of Paramount Pictures International, has said, “`Avatar` was the wake-up call to everybody to show how big a 3D movie could be in the marketplace.” The Star Wars Saga is expected to return to theaters next year in 3D too! USA Today announced that Lucasfilm will reprocess the entire movie series in 3D and re-release them in theaters starting in 2012! People love going to the movies, look at these statistics:
According to the MPAA , 222.7 million people went to the movies at least once in 2010 in the US and Canada! This is over 2/3 of the population, and the average amount of tickets purchased per moviegoer was 6! “Despite a weak economy, shifting business models, and the ongoing impact of digital theft, we had another record year at the box office driven by growth outside of the U.S. and Canada,” said Bob Pisano, president and interim chief executive of the MPAA.
About WRIT:
http://www.frnetworks.com/
Writers Group Film Corp. (OTCBB: WRIT) has acquired Front Row Networks, Inc., a Los Angeles-based concert production company.
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.
The Company 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.
Front Row Networks` corporate strategy includes:
Utilize state-of-the-art 3D digital projection technology to reduce or eliminate post production expenses and print costs, and reduce advertising expenditures.
Utilize 3D visual production techniques that will maximize the audience experience and appeal to a broad demography.
Reduce distribution costs by capitalizing on existing concert promotions and advertising, by leveraging the Company`s catalog with worldwide distribution partners, and by broadcasting content directly to theaters.
Engage the best and most popular artists for the initial concert series.
Target the best and most popular artists and performances for the Company`s catalog acquisitions.
Provide sponsorship opportunities and merchandise for sale to enhance the revenues for the Company and its distribution partners.
With the acquisition of Front Row Networks Inc., WRIT has entered a pretty fast moving industry! 3-D is being embraced by many movie companies and even television makers.
A Churchill Observer article has said that companies like Samsung and Panasonic are promoting the newly launched 3D TVs which are said to provide an entirely new visual experience from the comfort of the family room.” Plus having Lady Gaga listed as a current project in development could be gigantic! WRIT looks like a golden opportunity at these levels! Keep WRIT on your Radar Screen for more news and action on the stock! GENERAL NOTICE AND DISCLAIMER – PLEASE READ CAREFULLY We are engaged in the business of marketing and advertising companies for monetary compensation. All content in our releases is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a solicitation of the purchase or sale of any securities. PennyPic.com`s sponsored advertisements do not purport to provide an analysis of any company`s financial position, operations or prospects and this is not to be construed as a recommendation by PennyPic.com or an offer or solicitation to buy or sell any security. Neither the owner of PennyPic.com nor any of its members, officers, directors, contractors or employees is licensed broker-dealers, account representatives, market makers, investment bankers, investment advisors, analyst or underwriters. Investing in securities, including the securities of those companies profiled or discussed on this website is for individuals tolerant of high risks. Viewers should always consult with a licensed securities professional before purchasing or selling any securities of companies profiled or discussed in our releases. It is possible that a viewer`s entire investment may be lost or impaired due to the speculative nature of the companies profiled. Remember, never invest in any security of a company profiled or discussed in a release or on our website unless you can afford to lose your entire investment. Also, investing in micro-cap securities is highly speculative and carries an extremely high degree of risk. To review our complete disclaimer and additional information, please visit PennyPic.com. PennyPic.com makes no recommendation that the securities of the companies profiled or discussed in our releases or on our website should be purchased, sold or held by investors.
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