Strong Studios, Inc. (“Strong Studios”), a
subsidiary of Ballantyne Strong, Inc.’s (“Ballantyne” or the
“Company”; NYSE American: BTN) Strong Entertainment segment, and
The Cartel announced today the start of production on Monday, June
20th in Winnipeg, Canada on its new supernatural thriller series,
Safehaven.
Safehaven was created by James Seale (30 Below,
Throttle) who will serve as showrunner with Kaare Andrews (V Wars,
Aftermath, Van Helsing, Mech X-4) on board to direct. The 10
episode series is set to star newcomers Georgie Murphy (Christmas
by the Book) and Gino Anania (Skymed, The Porter, Kiss Before
Christmas), along with the multi-award-winning Bob Frazer
(Drinkwater, The Cannon, Finding Mr. Right, Girlfriend Experience,
The X-Files).
Safehaven tells the story of high school comic
artist Jenna Frost (Murphy), who must uncover the truth after
horrifying visions come to life from her creations, threatening to
destroy everything around her. John Rayburn (Frazer) is the
mysterious new school counselor determined to save her, even if it
endangers both of their lives and unearths his own personal demons.
Complicating matters is Will (Anania), a passionate young man
committed to protecting Jenna, who finds herself torn between
rejecting his help and her growing feelings for him.
Safehaven is produced by Strong Studios, The
Cartel (Creepshow, Day of the Dead) and Kevin V. Duncan (Juncture).
Executive producers include James Seale; The Cartel’s Stan Spry,
Eric Woods, and Anthony Fankhauser; Unbounded Entertainment’s Peter
Odiorne, Matt Harton, Larry Swets and Hassan Baqar; Michael Bay’s
451 Media; Ballantyne’s Chairman Kyle Cerminara and CEO Mark
Roberson; Strong Studios’ President David Ozer; High Park
Entertainment; Screen Media’s David Fannon, Seth Needle and David
Nagelberg; Brad Turner; and Jessica Petelle. Production financed by
Bank of Hope’s David Henry and Andrew King. Chicken Soup for the
Soul’s Screen Media will distribute the series.
“We have an all-star creative team and a fresh
cast on board for this unique new series adapted from James Seale’s
suspenseful and other-worldly graphic novel,” stated Strong
Studios’ President David Ozer. “We are thrilled to join forces with
The Cartel on Safehaven, which will be our first series to go into
production under our newly-formed Strong Studios banner.”
“Safehaven will be a visually-stunning
supernatural thriller with plot twists, dark humor, slick script
and engaging characters that will no doubt deliver a bingeable
series appealing to a broad audience,” said Stan Spry, CEO, The
Cartel.
About Strong StudiosStrong
Studios, headquartered in New York, NY, is a subsidiary of
Ballantyne Strong, Inc.’s (NYSE American: BTN) Strong Entertainment
segment. Strong Studios develops and produces original feature
films and television series, as well as acquires third party rights
to content for global multiplatform distribution. The new studio
launched in March 2022 with an IP development slate acquisition and
an initial distribution agreement with Chicken Soup for the Soul
Entertainment’s Screen Media for two new scripted series, the
supernatural horror “Safehaven,” and the dramedy “Flagrant,” with
Michael Rapaport, which have both been officially greenlit for
production this year. Screen Media will distribute both series,
with their streaming services Crackle, Popcornflix, and Chicken
Soup for the Soul having first rights to premiere. Additional
series in Strong Studios’ development and production pipeline
include “Shadows in the Vineyard,” starring Judith Light and Noah
Wyle; the drama series, “Heartbeat,” co-created by legendary DJ
couple Kiss and M.O.S.; and the horror series “MidNightMares.”
About Ballantyne Strong,
Inc.Ballantyne Strong, Inc. (www.ballantynestrong.com) is
a diversified holding company with operations and holdings across a
broad range of industries. The Company’s Strong Entertainment
segment is the largest premium screen supplier in North America,
provides technical support services and related products and
services to the cinema exhibition industry, and recently launched
its studio operations to produce content for streaming and other
entertainment outlets. Ballantyne holds equity stakes in Firefly
Systems, Inc., GreenFirst Forest Products Inc. (TSX: GFP), and FG
Financial Group, Inc. (Nasdaq: FGF), as well as real estate through
its Digital Ignition operating business.
About The
Cartel:Founded in 2011 by partners Stan
Spry, Eric Woods and Jeff Holland, Cartel is a feature film and
television production, distribution, financing and management
company representing top-tier show runners, show creators, writers,
directors, producers and production companies in film, TV and new
media. Cartel has also produced more than 150 movie and television
productions since inception, including the hit series Creepshow for
Shudder, the animated series Twelve Forever for Netflix, and Syfy
series Day of the Dead. Cartel previously produced the series Ties
That Bind for Up TV, and A Place in the Sun for Discovery as well
as several recent feature films, including Christmas With the
Campbells, Monsters of California, Switched for Christmas, Jeepers
Creepers 3, Christmas Connection, Love at the Shore, Sun Sand and
Romance, Love at First Glance, and Wrong Nanny, to name a few. In
2013, Cartel purchased and renovated Tamarind Lithography Studios,
which is their Los Angeles headquarters, as well as a full-service
production and post-production complex and in 2021 Cartel launched
international distribution arm, Cartel Studios International.
Cartel also has offices in London, England, Las Vegas, USA and
Winnipeg, Canada. www.CartelHQ.com
Forward-Looking
Statements In addition to the historical information
included herein, this press release includes forward-looking
statements, such as management’s expectations regarding its
portfolio companies, the Company’s intent to pursue an initial
public offering and separate listing of its Entertainment business,
as well as future sales, the impact, length and severity of the
COVID-19 pandemic, general economic recovery from the effects of
the COVID-19 pandemic, and the adequacy of the actions taken in
response to the pandemic, which involve a number of risks and
uncertainties, including but not limited to those discussed in the
“Risk Factors” section contained in Item 1A in the Company’s Annual
Report on Form 10-K for the year ended December 31, 2021 filed with
the SEC on March 24, 2022, and the following risks and
uncertainties: the negative impact that the COVID-19 pandemic has
already had, and may continue to have, on the Company’s business
and financial condition; the impact on the global economy and
supply chains of the ongoing military conflict in Ukraine and the
sanctions related thereto; the Company’s ability to maintain and
expand its revenue streams to compensate for the lower demand for
the Company’s digital cinema products and installation services;
potential interruptions of supplier relationships or higher prices
charged by suppliers; the Company’s ability to successfully compete
and introduce enhancements and new features that achieve market
acceptance and that keep pace with technological developments; the
Company’s ability to successfully execute its capital allocation
strategy or achieve the returns it expects from these investments;
the Company’s ability to maintain its brand and reputation and
retain or replace its significant customers; challenges associated
with the Company’s long sales cycles; the impact of a challenging
global economic environment or a downturn in the markets (such as
the current economic disruption and market volatility generated by
the ongoing COVID-19 pandemic and ongoing military conflict in
Ukraine and related sanctions); economic and political risks of
selling products in foreign countries (including tariffs); risks of
non-compliance with U.S. and foreign laws and regulations,
potential sales tax collections and claims for uncollected amounts;
cybersecurity risks and risks of damage and interruptions of
information technology systems; the Company’s ability to retain key
members of management and successfully integrate new executives;
the Company’s ability to complete acquisitions, strategic
investments, entry into new lines of business, divestitures,
mergers or other transactions on acceptable terms, or at all; the
impact of the COVID-19 pandemic on the Company’s portfolio
companies; the Company’s ability to utilize or assert its
intellectual property rights, the impact of natural disasters and
other catastrophic events (such as the ongoing COVID-19 pandemic
and ongoing military conflict in Ukraine and related sanctions);
the adequacy of insurance; the impact of having a controlling
stockholder and vulnerability to fluctuation in the Company’s stock
price. Given the risks and uncertainties, readers should not place
undue reliance on any forward-looking statement and should
recognize that the statements are predictions of future results
which may not occur as anticipated. Many of the risks listed above
have been, and may further be, exacerbated by the ongoing COVID-19
pandemic, its impact on the cinema and entertainment industry, and
the worsening economic environment. Actual results could differ
materially from those anticipated in the forward-looking statements
and from historical results, due to the risks and uncertainties
described herein, as well as others not now anticipated. New risk
factors emerge from time to time and it is not possible for
management to predict all such risk factors, nor can it assess the
impact of all such factors on the Company’s business or the extent
to which any factor, or combination of factors, may cause actual
results to differ materially from those contained in any
forward-looking statements. Except where required by law, the
Company assumes no obligation to update, withdraw or revise any
forward-looking statements to reflect actual results or changes in
factors or assumptions affecting such forward-looking
statements.
For Investor Relations
Inquiries:Mark RobersonBallantyne Strong, Inc. - Chief
Executive Officer704-994-8279IR@btn-inc.com
John Nesbett / Jennifer BelodeauIMS Investor
Relations203-972-9200jnesbett@institutionalms.com
For Media Inquiries:Michelle
OrsiThree.Sixty Marketing +
Communications310-418-6430michelle@360-comm.com
Ballantyne Strong (AMEX:BTN)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Ballantyne Strong (AMEX:BTN)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024