Seven Arts Entertainment Partners with Crusher Films for Multi-Million Dollar Live Action Franchise

Seven Arts Entertainment Inc. has partnered with Crusher Films to co-produce a live-action franchise starring WWE wrestler Adam Scherr. The film and its sequel will be produced simultaneously, with additional properties such as action figures, video games, and a restaurant chain. Crusher is raising up to $50 million, and Seven Arts will receive proceeds to provide access to Atlanta locations, personnel, and develop a soundtrack. The partnership does not require Seven Arts to issue new debt or stock. The company is also in the process of leveraging its relationship with Starz regarding the project.

Title: Seven Arts Entertainment Inc. Partners with Crusher Films for Live-Action Franchise

Seven Arts Entertainment Inc. (OTC: SAPX) has announced a significant partnership with Crusher Films to co-produce a live-action franchise centered around WWE wrestler Adam Scherr. The collaboration, which includes the simultaneous production of the film and its sequel, also encompasses the development of action figures, video games, and a restaurant chain [1].

Crusher Films, led by experienced producer Max Zell, is aiming to raise up to $50 million for the project. Seven Arts will receive proceeds to provide access to Atlanta locations, personnel, and develop a soundtrack through director Thom Hazaert. The partnership does not require Seven Arts to issue new debt or stock, ensuring a streamlined financial approach [2].

In addition to this new venture, Seven Arts is leveraging its relationship with Starz following the transfer of its Lionsgate Films Output Agreement. The company is also in the process of finalizing a Letter of Intent to acquire a revenue-generating subsidiary focused on entertainment marketing and branding. The acquisition, expected to close within two weeks, will be executed using a combination of cash and preferred stock, avoiding convertible debt or common stock issuance [2].

These strategic moves underscore Seven Arts' commitment to generating substantial value and revenue. The appointment of a new independent board member, known for expertise in real estate, oil and gas, and tribal governance, further strengthens the company's governance and long-term health [2].

References:
[1] https://www.webdisclosure.com/article/seven-arts-entertainment-reveals-new-partnerships-and-strategic-moves-Eu72S9G4SXL
[2] https://www.stocktitan.net/news/SAPX/seven-arts-entertainment-inc-breaks-silence-and-announces-multi-ms186ni5e14i.html