Mass Hysteria Entertainment Company, Inc. Approves Amendments to Articles of Incorporation
Oct 3 14
Mass Hysteria Entertainment Company, Inc. announced that its board of directors unanimously approved to amend and restate articles of incorporation to change corporate name from Mass Hysteria Entertainment Company, Inc. to Remark Pictures, Inc. and amend Articles to increase authorized capital stock from 2,010,000,000 to 3,010,000,000 shares. http://www.bloomberg.com/research/stocks/snapshot/snapshot.asp?ticker=MHYS
Mass Hysteria Entertainment recently announced its’ entry into the film finance business. Under their Remark Pictures label, Mass Hysteria co-financed “DAUGHTER OF GOD” starring Keanu Reeves and Ana De Armas.
Mass Hysteria Entertainment Wraps up Solid Sales at Berlin Film Festival on Keanu Reeve's Feature, "Daughter of God"
HOLLYWOOD, CA / ACCESSWIRE / February 20, 2015 / Daniel Grodnik's Mass Hysteria Entertainment Company, Inc. (MHYS) announced today that Fortitude International had a successful Berlin Film Festival closing an additional $485,000 in international sales on Gee Malik Linton's dramatic thriller "Daughter Of God," starring Keanu Reeves and Ana de Armas.
The film is currently in post-production and scheduled to be theatrically released in the US through Lionsgate's Grindstone Entertainment. Mass Hysteria Co-financed the film under it's wholly owned, Remark Pictures, production banner."We are simply delighted with the current sales delivered by Nadine De Barros and the entire Fortitude team," said Daniel Grodnik, CEO of Mass Hysteria Entertainment. "Daughter Of God" is our first foray into film financing and one of the key reasons we came into this project was because Nadine was the point person selling it overseas.
Most Recent 10k showing 1st revenue for fiscal year ending November 2014
In August of 2014, Mass Hysteria Entertainment shifted its ’ primary focus from a Company engaged in creating interactive cinema to a film finance and production entity. The change came about because the Company wasn’t earning any revenue from interactive and we felt the Company needed to put itself on a faster track toward cash-flow. We completed our first deal sixty days later by structuring a transaction to co-fund a feature film entitled, “ Daughter Of God, ” starring Keanu Reeves. Mass Hysteria arranged for an investment in the film of $500,000 (five-hundred thousand dollars) from an independent funding source, which advanced the funds to the Company in exchange for a convertible promissory note in the principal amount of $505,000 incurring 8% per annum, and Warrants to acquire 1,262,500,000 shares of our common stock at a warrant exercise price of $0.0003, exercisable for a five year term. For this investment we will receive 6.65% of the profits from the film and the funding source, operating as Remark Pictures, will receive 6.65 percent of the profits.
In the fourth quarter of 2014, the Company was involved a second motion picture titled “ Bus 657 ” starring Robert DeNiro. Both Bus 657 and Daughter of God will be theatrically released in the United States through Lionsgate ’ s action label, Grindstone Entertainment.