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New Cinema Partners (fka NCPP) RSS Feed

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New Cinema Partners (NCPP) plans to be an integrated entertainment company that will develop, produce and distribute original film, television, internet and video game programming. New Cinema intends to manage and co-ordinate all aspects of a program's life, including the development of original ideas or the purchase of literary rights; the engagement of writers, directors, cast and crew; the arrangement of production financing; the carrying out of production and post-production; and the exploitation of worldwide distribution. In order to do this, the Company plans to utilize the assets and expertise it acquired in the asset acquisition from Stone Canyon Pictures ("Stone Pictures"), formerly operated by the Company's Chief Executive Officer, <b>Damian Lee</b>, which was a producer of feature films. The Company intends to diversify into the production of television programs, initially in the dramatic genre. New Cinema believes that it will be successful in developing and producing entertainment media and intends to target projects that have commercial appeal, creative merit and committed third party financing. Competitive Positioning Damian Lee, the Chief Executive Officer of the Company, has a track record of delivering what the Company believes are "hit" movies, as measured by viewership and critical acclaim. This record of "hits," includes projects such as Watchers, Ski School, Death Wish V, Jungle Boy, Baby on Board, and Fun. The Company believes that this success can be utilized to create increased demand for New Cinema's existing and new scripts. The Company believes that the success of Mr. Lee's movies also enhances the marketability and long-term value of its library of film and television productions internationally. Creative Talent Via Damian Lee and the assets it acquired from Stone Canyon Pictures, New Cinema has what it believes is significant in-house creative capability that will enable it to conceive and create original programming. In addition, Mr. Lee has established personal, professional and contractual relationships within the creative community including directors, actors, writers, comedians and musicians. Due to what the Company believes to be the wealth of creative talent located in the Company's region, management views its position in Toronto, Ontario, Canada as a considerable strategic advantage in maintaining a rich and distinctive development slate (i.e. the various projects possible to have under development at any one time) and also positions it to continue to utilize Canadian financial opportunities. Diversified Production Slate The Company believes that its production slate, including action, comedy, variety, science fiction and family programming, will allow it to distribute its programming to a broad range of markets and to respond quickly to changes in market demand. It is Mr. Lee's opinion that a diversified production slate provides operational stability as well as long-term value for the Company's library of film and television programs. The Company plans to focus on dramatic, comedy and action programming for the domestic market in an attempt to yield stable cash flow. For the global market, the Company plans to produce similar fare with focus on international appeal which is intended to contribute longer shelf life value to its library of film and television programming. Focus on Proprietary Production New Cinema does not intend to pursue "service productions" (i.e. does not intend to produce for others for a fee). Rather, New Cinema plans to take an equity position in all of its productions, whether developed in-house or through the acquisition of rights to properties. As a result of this proprietary interest, the Company intends to retain a long-term economic interest in its programming, thereby increasing the value of its library and programming. International Distribution Capability New Cinema plans to develop international distribution capability to enable it to enhance revenue and margins through: (i) control the exploitation of its programming in order to optimize the revenue potential of a production or group of productions; (ii) retain distribution fees, which are intended to range from 10% to 35% of a production's total distribution revenue; (iii) improve its understanding of the market for its productions and thereby enhance its ability to develop commercially successful productions; and (iv) broaden its revenue base by distributing programming developed by production companies which do not have an international distribution capability.
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