Family Room Entertainment Corp. (OTC: FMYR) is a
communications company engaged in various aspects of the media entertainment
industry, including the production and distribution of motion pictures, music
and television programming. The company currently owns and manages a small
library of feature films, which are distributed internationally to a network of
nearly 3,500 buyers ranging from major film networks, such as Sony Pictures
(NYSE: SNE), Lionsgate Films (NYSE: LGF) and Universal Pictures (NASDAQ:
CMCSA), to ancillary media outlets, such as Netflix (NASDAQ: NFLX) and Apple’s
(NASDAQ: AAPL) iTunes. FMYR continues to explore the production of new films
and entertainment projects. Additionally, the company’s management team has
expressed interest in exploring possible acquisition and merger opportunities
in other industries.
In April, FMYR gave prospective shareholders insight into
its plans for the coming months when it announced the acquisition of exclusive
distribution and production rights related to Kingdom of the Spiders, an iconic
motion picture starring William Shatner that was originally released in 1977.
The comprehensive agreement includes all domestic distribution rights for the
original film (excluding DVD rights), as well as the rights for any future
sequels or remakes.
“Kingdom of the Spiders was a classic cult horror of the
more memorable ‘nature on the rampage’ subgenre of science fiction/horror films
from the 1970’s, and will add true value to our collection,” Stanley Tepper,
chief operating officer of FMYR, stated in a news release.
In recent years, Hollywood’s penchant for remakes and
reboots has affirmed the fiscal viability of cinematic nostalgia and cult
classics. In 2010, a remake of True Grit, a 1969 American western starring John
Wayne, grossed an impressive $252.3 million at the box office on a budget of
just $38 million. In 2015, reboots of the ‘Star Wars’ and ‘Jurassic Park’
franchises were met with both financial and critical success, with Jurassic
World and Star Wars: The Force Awakens becoming two of the highest-grossing
films of all time. FMYR will lean on the experience of its management team as
it evaluates the feasibility of entering this high-demand market in the future.
FMYR’s management team is led by Justin Wall, who serves as
the company’s president and director. Wall has extensive experience in the
entertainment industry, beginning his first commercial venture in the space
before graduating high school. In the years since, he’s endeavored to become a
serial entrepreneur, covering multiple industries while maintaining a core
focus on media and music. Wall’s current management positions span a collection
of industries, including hospitality, property development and technology, as
well as entertainment.
For more information, visit www.fmlyroom.com
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