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Replies to post #104326 on Mike The Pike Productions Inc (fka MIKP)
We are currently partnered with Dynamite Comics (the publisher) and a notable animation studio in Vancouver, Canada (with award winning animated series on Amazon (Kirkman’s ‘The Invincibles’) , and whose principle has produced a number of award-winning feature films (including Angry Birds, Star Wars: The Clone Wars, Escape from Planet Earth) which have enjoyed worldwide distribution and revenue and/or critical success. We have agreed to produce an animated series based on the Vampirella universe as an inaugural project toward further exploitation of the rights for screen and otherwise. Though the information is currently confidential, we are happy to share copies of correspondence and agreements confidentially to support. We intend to monetize the project within the next 24 months.
We also have rights in Wish by Barbara O’Connor to include all motion picture, all television rights (pay, free, cable, and otherwise) all home video rights. and all allied, ancillary, and subsidiary rights in the Property, whether now known or hereafter devised (including without limitation prequel, sequel, and remake rights, music and music publishing rights, soundtrack recording, comic book rights, and graphic novel right; video game and interactive gaming rights, podcast rights and other exploitation rights, commercial tie-in and merchandising rights (including without limitation the exploitation and/or licensing of characters and other elements of the Property for all types of goods and services, theme parks, and other types of attractions), and all promotional publishing rights with the exception of novel publication rights. including print and nondramatic audio rights (i.e. so-called "books-on-tape or e-books" rights) subject to 7,500 word (but no more than 10% of the text) promotional publication rights; the right to publish the text of the Property electronically; the right to broadcast the text of the Property, whether in installments or otherwise, by television or radio in single-voice, non-dramatic readings {subject to Purchaser's right at all limes to exercise its television and radio rights for purposes of advertising, promoting, publicizing, and/or otherwise exploiting any production based on the Property; live stage rights; and all rights in all Owner- written and Owner-authorized sequels (provided that Purchaser shall have a rolling right of first negotiation and last refusal to option any such sequels).
We are currently partnered with Imprint Family Entertainment (Groove Tails) and its principals, including Michael Becker (https://deadline.com/2021/07/maryann-garger-michael-becker-launch- imprint-family-entertainment-1234797003/ ) with a finished screenplay by Nicholl fellow Joey Clarke Jr. (https://deadline.com/2021/08/wish-joey-clarke-jr-to-adapt-barbara-oconnor-book-for-the-screen-1234813761/ ) to produce as a feature film. We are currently out to directors and financiers to prepare for principle photography which we anticipate to be on or about Spring 2024.
Also, the Company has a shopping agreement to produce ‘Silverwing’ based on the Kenneth Oppel book series with the founder of Bardel Entertainment (the original producer of the Canadian series produced in 2003). The founder retained the rights to Silverwing and is in collaboration with Company to adapt the series to screen seeking worldwide distribution alongside the development and production process. To date, a lookbook/deck has been completed for the project including 45% participation for Mike The Pike once, and if, a project is produced. Parties have agreed in good faith and intends to formalize the agreement by late June 2023.
The Company also has an 11.3% stake in net profits to the film “Beyond White Space”, which is anticipated to breakeven this year. The Company was a financier on the film, and its principal, Mark Newbauer, a producer on the film which enjoyed a theatrical release in December 2018 and is now streaming on various platforms.
Purchasing an option to acquire film and television rights in a literary work (novel, play or original script) is key to our business model. This typically involves establishing an option agreement to produce screen adaptation(s) of the underlying work. Sourcing strong properties is one of the most cost-effective ways to position the Company for exponential returns. IP Development: Once a property is optioned/acquired, Mike The Pike works to develop the property to raise its value in the marketplace. This includes "packaging" the project: obtaining interest or attachment from top level writers, showrunners, directors and talent otherwise which may be the tipping point for studios/financiers to open their checkbooks and pay a premium for the material. Proper packaging will provide the company with a significant advantage over unpackaged material in the marketplace. IP Sales & Licensing: In most cases, to keep costs low and profit prospects high, the company will team with top-tier production companies, agencies and/or studios, allowing us to enjoy the benefits of residual payments while relying on industry powerhouses to provide financing, along with increased manufacturing capacity, wider distribution outlets and established agency connections.
The Company was incorporated on August 5, 2009 and has not generated significant revenues to date.
During the three months ended March 31, 2023 and 2022, the Company had net loss of $8,099 and $689 respectively and no cash flow from operating activities of.
As of March 31, 2023 and 2022, the Company’s cash balance was $0.
The Company has been dormant for many years. These factors raise substantial doubt about the Company’s ability to continue as a going concern.
The Company expects to continue to generate operating losses for the foreseeable future. The accompanying consolidated financial statements do not include any adjustments as a result of this uncertainty.
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