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Affinity Mediaworks Corp. (AFFW.OB) Enters Agreement to Co-Produce 12 Feature Films

Source: http://Blog.QualityStocks.net/?p=18913
Posted on Thursday, October 29th, 2009 | In Investing Lessons, Small & Micro Cap
Contributed by: QualityStocks (http://QualityStocks.net) -

Affinity Mediaworks Corp., a provider of visual and production services and solutions to independent and small film producers, recently announced that the company has entered into an agreement to produce 12 feature films with Insight Film Studios/Odyssey Film Studios of Vancouver, British Columbia. Each of the 12 films will have budgets in the range of $4 million to $10 million with high-quality talent and producers attached to each project.

Affinity Mediaworks Corp. has secured funding from a large distribution and co-production partner in Europe, who will provide 50 percent of each budget. Insight Film Studios will provide the other 50 percent. According to Playback magazine, Insight leads the Canadian industry for the fourth consecutive year with over $125 million in production of television, theatrical and documentary product as of August 2009.

Insight Film Studios latest feature release, the horror spoof “Stan Helsing,” directed by Bo Zenga and starring Leslie Nielsen, is set to premier at the end of October 2009. Earlier this year, Insight released the feature, “Personal Effects” staring Ashton Kutcher and Michelle Pfeifer.

The first of the 12 films to be produced by Affinity and Insight will be in prep as of December 2009 with the remainder of the films to be in production before the end of 2010. Affinity is anticipating producing an average of one film per month.

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