Business
Seven Arts Entertainment Provides Update on Multi-Million Dollar Documentary Project and Ongoing Operations
Seven Arts Entertainment Provides Update on Multi-Million Dollar Documentary Project and Ongoing Operations.
About this update from Seven Arts Entertainment, Inc.
[{"type":"text","content":"ATLANTA, GA / ACCESSWIRE / July 7, 2022 / Seven Arts Entertainment Inc. (OTC PINK:SAPX), the "Company", is pleased to provide a shareholder update on the progress of its projects.The Company has completed principal photography of its documentary film, tentatively called "Manspeaker". The film documents the enigmatic Founder of the band Green Jelly, Bill Manspeaker. Green Jelly is the world record holder of the world's largest band. Green Jelly rose to prominence in the early 1990's as the first band to sign a video recording contract and later nominated for a Grammy. The film further details how Manspeaker was instrumental in incubating iconic acts such as Tool and Rage Against The Machine.The Company believes this project is extremely viable, after comprehensive research into the market for nostalgic music documentaries such as The Dirt, and the upcoming FX mini-series on the Sex Pistols.Prior to filming, the Company engaged in pitches and conferences with executives affiliated with Blackhall Studios, Blumhouse Productions, and HBO Max, which expressed significant interest in picking up the film, pending review of trailers. The lowest figure discussed being $5mm USD upfront and revenue share that could exceed $20mm USD.In addition to the film, the Company and its subsidiary, Muse Media, has leveraged additional contracts with Mr. Manspeaker to develop NFT's and produce a new album.The NFT's will feature limited historical content of the band Green Jelly. Including but not limited to, Metallica lawsuit docs, original posters with the band Tool as a supporting act, faxes from Gene Simmons, and more.The album is expected to be released in conjunction with the documentary and offered with ticket purchases at film screenings. Thereby registering the albums pre-sales significantly higher than conventional releases.The total revenue between the film, NFT's and the album are projected to be in excess of $40mm USD revenue booked to Seven Arts.Based on the Company's success over the previous fiscal year, becoming current and reducing 62% of outstanding shares, in conjunction with the various Manspeaker/Green Jelly projects, the Company feels confident it can reach its intended goal of up-listing to SEC reporting in the near term. Seven Arts has already begun taking steps to facilitate audited financials.In addition, t...