COMPANY PROFILE
ABOUT EMPIRE FILM GROUP
Empire Film Group, Inc. (“EFG”) is a new independent film finance, production, and distribution company led by a management team with over 25 years of experience in development, production, distribution, finance and marketing of feature films and television programming. The group has filmed in various locations worldwide that include Los Angeles, Vancouver, Calgary, Toronto, France, Spain, Romania, Czech Republic, Vienna, Israel, Costa Rica, Venezuela, Chile, Puerto Rico, Cartagena and Bogota, Colombia, Cuba, Dominican Republic, Mexico, Australia and various locations throughout the United States and around the world. The Company has the unique financing advantage and is able to receive Canadian subsidies, tax incentives, rebates and financing through its ability to produce Canadian Content film and television projects.
Empire Film Group has identified a lucrative market segment in the entertainment industry that has not been pursued by the Major Studios. The company believes that there is a largely unaddressed market opportunity for an independent company – such as Empire – to produce and / or “acquire” modestly-budgeted, theatrical-quality films and distribute these to theaters, video and television in the US marketplace at a level of release that assures a maximum return-on-investment and predictable results. Generally, the company would be releasing films to theaters with less than 1,000 prints per film, as compared to the Major Studios and major independent competitors for Empire, that generally gravitate towards releases on 2,500 or more prints per film. The reduced level of prints will enable Empire to still reach all of the key US markets, yet do so at a cost of about one-third of the expenditures of the Major Studio releases. While the reduced breadth of release limits the film’s total box office potential, the resulting revenues generate a stronger bottom line profit and return for Empire, and hit a more predictable “sweet-spot” on a ROI curve. For 2010 and the first half of 2011, most of the films being released by Empire will be titles that are licensed or otherwise “acquired” in a completed (or nearly completed) condition from third party production companies. This acquisition strategy enables Empire to immediately launch its distribution operations without awaiting the 12-to-18-month delay time that occurs with original productions. By the 2nd half of 2011, however, it is anticipated that original productions being pursued by Empire will be ready for distribution. These original productions – generally being funded with off-balance sheet sources – are ultimately positioned for a greater bottom line return for Empire as the company would generate not only a distribution fee, but also an “equity participation” in the net revenues which generally is not available to Empire when handling third-party acquisitions.
