Good Morning ST Members,
Well the time has come for us to release our much anticipated Sub Penny ST Alert this morning.
Our New Sub Penny ST Alert is:
WRIT - Writer's Group Film Corp.
WRIT is a content creation company that has assembled a team from top creative and business professionals with a common goal of producing and acquiring live 3D concert productions, which can be broadcast digitally directly into theaters across the world.
WRIT produces live concerts by top recording artists in 3D for initial digital broadcast into movie theaters in the United States, with a wider rollout anticipated in:
•Western Europe
•South America
•Asia
•North America
Following the initial theatrical run, the 3D concerts will be licensed to TV broadcasters and DVD retailers. In addition, WRIT intends to sell merchandising and sponsorship, specific to each artist in the concert, in theaters where the live concert will be exhibited. This new concept is intended to present the live concerts in 3D to a massive fan base worldwide in a cost efficient manner.
WRIT will leverage its distribution networks and its licensing and merchandising relationships by acquiring 2D and 3D concert footage that has already been produced. WRIT will convert its 2D catalogue into digital 3D format, allowing it to package and sell all of its acquired content to digital broadcasters worldwide.
WRIT’s initial production, acquisition and distribution strategy is designed to bring the much desired live concert experience to a massive worldwide fan base by incorporating the following elements;
•Utilize state-of-the-art 3D digital projection technology to reduce or eliminate post production expenses and print costs, and reduce advertising expenditures.
•Utilize 3D visual production techniques that will maximize the audience experience and appeal to a broad demography.
•Acquire and leverage 2D and 3D catalogue by packaging the new 3D concert theatrical events, with the existing catalogue, creating a corporate identity as the premiere brand in 3D theatrical events.
•Reduce distribution costs by capitalizing on existing concert promotions and advertising, by leveraging the Company's catalogue with worldwide distribution partners, and by broadcasting content directly to theaters.
•Engage the best and most popular artists for the initial concert series.
•Target the best and most popular artists and performances for the Company's catalogue acquisitions.
•Provide sponsorship opportunities and merchandise for sale to enhance the revenues for the Company and its distribution partners.
The Market
The current worldwide phenomenon surrounding 3D motion pictures creates a great opportunity for WRIT. From all corners of the globe, the appeal of 3D is undeniable. Statistics show that it is clear in a very short period of time 3D films have become the top grossing films.
US revenue from 3D films counted for more than 31.4% of all films in 2010. This is an astronomical figure, since in 2008, this number was only 3%.
In addition, there were over 15,300 digital 3D screens worldwide at the end of 2010, compared with 8,989 3D screens at the end of 2009. The number of 3D screens worldwide almost doubled last year.
WRIT’s management believes that audiences will be attracted to the new 3D technology and expects its broadcast of the initial concert to be one of the first of its kind in North America. The current success of Hollywood 3D films and the continuing success of large scale concerts suggest a large international market for the Project.
With the improving market for this industry, we expect for WRIT to experience tremendous growth which can potentially increase the company’s currently undervalued market valuation.
