Where is the $40 Million the Board of Directors told us about earning from SIL at the last shareholder meeting I recorded on videotape in Portland?
``Step Into Liquid'' An International Triumph
2/11/2004 8:05:00 AM
SAN DIEGO, Feb 11, 2004 (BUSINESS WIRE) -- New Visual Corporation (NVEI) a 50 percent owner of Top Secret Productions LLC ("TSP"), announces that "Step Into Liquid" has generated revenues and rave reviews in its first two months of international theatrical release. New Visual reiterates its guidance that the film will generate gross revenues of at least $20 million, and that New Visual will receive distributions from Top Secret Productions of at least $3.8 million in 2004.
CBS MARKETWATCH TOP NEWS
Focus on the FOMC's 2004 economic projections
Justice lawyers may sue to block Oracle bid
Energy secretary: 'Let the market work'
Aide says Stewart altered log of broker's message
Oil ends at one-week high on OPEC's move to cut output
Sign up for FREE e-Newsletters
TRACK THESE TOPICS
My Portfolio Alerts
Company: New Visual Corp Add
Create
Get Breaking News sent directly to your inbox
Edit My Portfolio / Edit Alerts
Making its Australia and New Zealand debut, Liquid has generated approximately US$400,000 in three weeks of release. Called, "the summer's most purely joyful film" by The Sydney Morning Herald, Liquid has already exceeded box-office expectations.
On the other side of the world, Liquid is set to open in Brazil in mid-March. Like all other foreign distribution deals that TSP has signed, this contract calls for and advance license fee payment up front, plus a substantial share of theatrical box office proceeds.
Back in Asia, Liquid debuts in Japan in early August. The outlook is bright, as it will play in major theaters across the country. Top Secret Productions is also in late-stage negotiations for distribution rights in other international markets.
AI
