VLCO .30 ASK ,With revenues expected to grow an additional 7-8 percent annually, the worldwide expenditures for production of filmed and video entertainment in Los Angeles should exceed $50billion by 2010.
The opportunity currently exists to build a leading position among independent studio facilities. The business is and probably will long be dominated by Hollywood’s major studios, but there have also traditionally been attractive opportunities for facilities operating outside the studios’ control. At present, however, there are few such companies in operation.
There are presently a limited number of independent companies capable of exploiting those entertainment opportunities that are either too small or too specialized to be of interest to the majors. Consequently, the timing is excellent for establishing a large independent studio facility. The Company will capitalize on these opportunities by providing a studio facility with worldwide commercial appeal in a low-risk, cost-efficient manner. The Company will be differentiated from the major studios by its ability to maintain a low overhead and cost structure, its ability to be attentive and responsive to clients, and by its commitment to undertake only those projects that have sound business prospects and attractive profit potential.
AI
