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Thursday, 03/14/2019 11:25:52 AM

Thursday, March 14, 2019 11:25:52 AM

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Impossible Dream Entertainment recently announced they are producing with the world-famous music group, the Wu-Tang Clan, the new suspense horror thriller "Angel of Dust", to be directed by filmmaker and Wu-Tang lead member RZA. The Wu-Tang Clan will provide an epic new soundtrack and RZA will also score the movie. "Angel of Dust" will be produced during the 25th anniversary year of their now iconic Enter the Wu-Tang 36 Chambers album. "Angel of Dust" will be produced by Shaun Redick ("BlacKkKlansman", "Get Out") and Yvette Yates of Impossible Dream Entertainment along with Wu-Tang's Ghostface Killah and RZA, Gary Ousdahl of Foundation, and Caruso. iWood Studios who recently co-financed David Ayer's new action thriller "The Tax Collector", headed by producer financier Matt Antoun is set to finance "Angel of Dust". Executive Producers are Mark Strome, Mickey Gooch, Jamie Adler and Jonnie Forster of Foundation.

JOINT VENTURE DETAILS

The JV Agreement is for an initial five (5) year term and automatically renews for subsequent five (5) year terms. IDE will provide to Wonderfilm, updates to the IDE Projects List and if Wonderfilm elects to proceed with a submitted IDE Project, both companies will negotiate a separate JV Project Agreement ("JV Project").

Wonderfilm is committed to pay a monthly consulting fee of $7,500 per month, which is applicable against any rights fees payable to IDE for any JV Project. In addition, a total of 3,400,000 common shares of Wonderfilm will be set-aside as performance compensation shares ("Compensation Shares") to IDE. An initial 340,000 Compensation Shares are to vest immediately, 680,000 Compensation Shares to be released over 36 months and the remaining 2,380,000 Compensation Shares to be released based on a performance-based escrow. The performance-based escrow is based on a release formula of one (1) Compensation Shares for each CAD$0.75 of revenue to Wonderfilm derived from JV Projects.

The JV Agreement is subject to all necessary regulatory approvals, including acceptance by the TSX Venture Exchange.

ABOUT WONDERFILM

Wonderfilm is a leading publicly traded (TSX Venture Exchange) entertainment company with production offices in Los Angeles, corporate offices in Vancouver BC and its Asian distribution office in Seoul, South Korea. Founded by 4 producers, Kirk Shaw, Daniel Grodnik, Jeff Bowler and Bret Saxon, the Company's core business is producing market-driven independent feature films and quality television series for multi-platform global exploitation. Current productions include the feature films, Moose (starring John Travolta) and Primal (starring Nicolas Cage.) Wonderfilm is a producer and distributor only for the projects disclosed. The legal ownership of movie productions are held in a special purpose legal entity held at arm's length to the Company to facilitate for the qualification of various levels of domestic and foreign government tax credit incentives that are customary in the film and production business.

ABOUT DANIEL GRODNIK

Dan has been a driving force in the Independent film business for more than three decades. His ability to bring close to 60 motion picture and television projects from concept to the screen displays his ability to stay on top of current market demands in creative, management, finance, sales and distribution. Since 2014, Dan has produced 13 feature films with stars such as Robert DeNiro, Keanu Reeves, Michael Caine, Hillary Swank, John Travolta, Sharon Stone, Nicolas Cage, Dave Bautista, Katie Holmes, Jeffrey Dean Morgan, Anna de Armas, Zach McGowan, Olga Kurylenko, Guy Pearce, Helena Bonham Carter. When time permits, Mr. Grodnik is an adjunct professor in graduate film studies at Chapman University and for the past 26 years has annually graded the Master Thesis in producing in the Peter Stark Producing Program at his alma-mater, The University Of Southern California.

ABOUT KIRK SHAW

Over his 30-year career, Kirk's producer credits exceed 230 movies and six series making him Hollywood's second most prolific film producer in history. Best known for his business and financing prowess, Kirk has contributed his talents to both U.S. television series and feature films, including the Oscar winning, "The Hurt Locker." Kirk's worked with all major studios, plus many notable "A" list stars such as Charlize Theron, John Travolta, Woody Harrelson, Kim Basinger, John Cusack, Ray Liotta, Nicolas Cage, Thomas Jane and Cuba Gooding Jr. Among his many past successes, is the creation of Canada's largest production company, Insight Film Studios, which in 2007 and 08 did $100 million consolidated revenue each year. To jump-start Wonderfilm's production acquisitions and library exploitation, Kirk vended 46 completed movies into Wonderfilm.

ABOUT IMPOSSIBLE DREAM ENTERTAINMENT

iDream Ent. focuses on creating, developing, financing and producing feature films and series content for a wide demographic audience in N. America and across the world. They are currently producing several cutting-edge new movies and series. The Impossible Dream Ent. duo of Shaun Redick and Yvette Yates Redick have a mandate and a company vision to acquire and tell stories that embrace diversity and inclusion. They are also committed to the 4% Challenge to give more women and women of color the opportunity to direct.

Redick started his career as a talent and packaging agent at the William Morris Agency (WMA) and International Creative Management (ICM), and was integrally involved inmore than 150 movies.

Yvette Yates (Producer/Actress) has starred in multiple movies including in the ensemble cast of PT Anderson's and Warner Bros. feature, INHERENT VICE as Luz. The Thomas Pynchon adaptation includes the sprawling lineup Joaquin Phoenix, Benicio Del Toro, Reese Witherspoon, Owen Wilson, Katherine Waterson, Josh Brolin, Martin Short, Maya Rudolph, Jena Malone and many more. With its myriad of recognitions, it received 2 Academy Award nominations, Golden Globe nomination, 4 Critics Choice nominations, won the National Board of Review, and casting director and cast were honored with the Robert Altman Award at Film Independent's Spirit Awards.

iDream Ent. finances and produces content with multiple investment partners including Mickey Gooch's Delray Village Entertainment, Santosh Govindaraju's Convergent Media, Matt Antoun and Mark Strome's iWood Studios, and Mary Totten's Foraker Entertainment.

https://www.marketwatch.com/press-release/wonderfilm-media-partners-with-2019-best-picture-oscarr-nominee-2019-02-22

$WDRFF $WNDR

Consider all my posts my opinion and not advice to buy or sell anything. I post on stocks I own or am considering owning. Do your own DD!

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