Medient Studios Inc. (fka MDNT)

[Smg1991]

Atlas International Film Gmbh Partners with Medient Studios, Inc. in Movie Slate
Medient Studios, Inc. announced that Atlas International Film Gmbh and Medient Studios, Inc. have entered into a Memorandum of Understanding under which Atlas will act as sales agent for Medient's initial slate of movies. Under the terms of the MOU, Atlas will provide up to $30 million as a sales advance to form part of the financing of the movies in the slate. Medient's output is expected to reach 8 - 12 movies annually with budgets ranging from $2 million to $40 million.