Thursday, August 12, 2010

Camelot Entertainment (CMGR.OB) and DarKnight Pictures Sell “Elm Street Legacy” to A&E Television Networks

Camelot Entertainment Group, Inc. announced today that through DarKnight Pictures it has signed a deal with A&E Television Networks for worldwide television rights to “Never Sleep Again: The Elm Street Legacy.” A&E is the parent company of BIO Channel which will be airing the program.

“Never Sleep Again” is a behind the scenes retrospective on the twenty-five year history of the horror epic, “A Nightmare on Elm Street.” Originally released in 1984, the epic series consisted of nine films and is the third highest grossing franchise of horror films to date with revenues in the area of $500 million. The documentary is narrated by Heather Langenkamp, who played “Nancy Thompson” from the original film, and includes hundreds of interviews from cast and crew members including the “Nightmare” creator, Wes Craven, and Robert Englund, who play the original “Freddy Krueger.”

“Freddy Krueger’s legacy is timeless,” commented Camelot President of Distribution, Jamie Thompson. “BIO is the perfect place to dig into the film and character’s history, revealing the creation of the ultimate nightmare.”

Camelot has released plenty of press lately as DarKnight’s ‘POOLBOY’, a comedy starring Kevin Sorbo, Danny Trejo, Jason Mewes, Robert LaSardo, has recently complete principal photography and DarKnight Pictures’ “WRECKAGE” will wrap photography on August 17, 2010 and will immediately start finalizing post-production. Also in the news, a deal with Gravitas Ventures was announced as a mode of entering the “Video On Demand” market in North America for Camelot.

A final noteworthy announcement was released at the end of June. On June 29th the Company issued a press release announcing the effective date of June 30, 2010 for the 20,000:1 reverse stock split of the company’s common stock. This reverse split lowered the outstanding shares to 560,756 and the float to approximately 250,000 shares. Investors are encouraged to do their own due diligence.

More information on Camelot Entertainment and its divisions can be found on the Company’s website at www.camelotent.com.

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