[] NO MONEY! [] NO CASH [] NO CASH FLOW [] NO REVENUES [] NOT PROFITABLE -- nor with significant revenues SINCE INCEPTION (2009)
[] And NOW with the STRIKE ... NO IP being developed TO MONETIZE!!
$MIKP-FILINGS on STRIKE MATTERS:
Ella Clah is currently in development; however due to the Writers Guild of America strike which, as of the date of this document, is ongoing, we are unable to move forward in working with a WGA writer, which is the Company’s intent.
The Company has, however, secured interest from a writer to formulate a pitch for studiosprior to the strike and plans to resume working with the writer once the strike comes to a resolution, or otherwise, if at all.
Industry-wide Strikes may affect the Company
On April 18, 2023, 97.85% of members of the Writers Guild of America (WGA) voted to go on strike if they failed to reach a satisfactory agreement with the Alliance of Motion Picture and Television Producers (AMPTP), which represents the major film and television studios in Hollywood, by May 1, 2023.
The AMPTP engaged in lengthy negotiations with the WGA on behalf of Amazon Studios (as well as MGM Holdings), Apple Studios, Lionsgate, NBCUniversal, Netflix, Paramount Global, Sony Pictures, the Walt Disney Company, and Warner Bros. Discovery (WBD), but failed to reach a deal before the mandated deadline. As a result, the leadership of the Writers Guild of America, West (WGAW) and Writers Guild of America, East (WGAE) unanimously approved a strike on the eve of May 2, the first of its kind since the 2007–2008 strike fifteen years prior.
This affects our Company and its operations currently to a certain degree in that we currently have limited capacity to engage writers on projects until and unless the strike is resolved. Many films, television programs, and podcasts have been affected by the strike; some have been forced to continue production without writers, while others have been completely shut down.
The Company has exercised its rights as they pertain to its standard Force Majeure clause in each of the project agreements and has been duly noted by each authorized party accordingly.
Ha! Had to LOOK UP "Force Majeure"....
Thought it meant FORCE FEEDING SHARES &/or DILUTE INTO THE HIGH HEAVENS!!