Monday, September 26, 2016 7:54:02 PM
(d) Financial Information about geographic areas. At present, over ninety percent (90%) of the Company’s annual revenues are derived from sales of products or contracts to licensors within the United States of America and Canada. Principal customers include Walmart Stores, Inc., Redbox, Netflix, Ingram Entertainment and a variety of other retail chains and wholesalers servicing such outlets. During 2015 and moving into the future with international presale agreements, the source of revenues for the Company will become more diverse geographically, as these international sales are delivered and collected. Company forecasts that the feature film, “Mother Goose: Journey To Utopia” could generate approximately five-million dollars (USD $5,000,000) in revenues for Company from territories and media outside of the United States and Canada. Based upon the Company’s forecasts of existing (core) DVD and BluRay releases of approximately ten-million dollars (USD $10,000,000) from sales in the United States and Canada during 2015 – inclusive of sales to be derived from the Medallion Releasing supplier studios (but excluding any forecasted revenues for the launch of the VODWIZ video-on-demand portal), the addition of international revenues from “Mother Goose” and other titles owned or controlled for international sales by Company could result in a shift of geographic dependence of revenues. At present, the only foreign country generating revenues for the Company is Canada, and the Company does not see any reasonable threats to jeopardize this ongoing sales or collection activities. During 2015, the Company expects to begin making delivery of new productions to international rights licensors, with principal revenues deriving from recognized and financially solvent licensors in the territories of Germany, France, United Kingdom, Spain, Japan and Scandinavia (in descending order of anticipated total sales). The Company does not foresee any material risks associated with the solicitation of international presale contracts for new and upcoming productions, as full payment for said rights licenses is paid in full, contemporaneously with the delivery of the films.
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