POW! Entertainment Inc. (fka POWN)

[rickn23]

Focus Media announcement:

http://focusmedia.todayir.com/attachment/201511032217010000265_en.pdf

RMI is an investment holding company which indirect
ly holds a 75% equity interest in Stan Lee Global
Entertainment, LLC (‘‘SLGE’’). SLGE is engaged in the business of film development, production and distribution and currently holds over 30 intellectual property rights for motion picture development in the form of concept, treatment and/or film script among which three are already in the development phases with a view to commence official filming in the next two years. The three motion picture
projects being developed are The Annihilator (written by Jim Hecht of ‘‘IceAge:MeltDown’’ and ‘‘Thundercats’’),Realm(written by Alex Litvakof ‘‘The Three Musketeers’’ and ‘‘Predators’’), and Replicator & Antilight (written by Chris Shafer and Paul Vicknair of ‘‘Before We Go’’ and ‘‘Playing It Cool’’).

Edit
Looks like three movies, "The Annihilator", "Realm" , and "Replicator & Antilight". And it does look like this was formed from the Magic Storm partnership, since they have "The Annihilator".

Edit
This was at the end:

The Company is currently reviewing the Stock Exchange’s decision and will vigorously explore alternative financing options to repay the HK$50 million debt financing associated with the acquisition of RMI and the HK$318 million capital commitment made to POW! for SLGE to finance the development of the three motion picture projects. The Company will make further announcement as and when appropriate.