CANNES - May 14, 2019 (Investorideas.com Newswire) Wonderfilm Media Corporation and 101 Films International Ltd., announce the formation of a Joint Venture to transform the movie distribution market. The combination of the expertise of the two companies provides the Joint Venture, to be known as Wonderfilm Global with the ability to offer a full range of services from green-lighting a project all the way through to global distribution.
Industry veteran Andy Lyon will become CEO of Wonderfilm Global. Lyon co-founded 101 Films in 2011 and has created the one of the UK's largest independent all-rights distribution business.
"We are excited to be working with Wonderfilm on this opportunity. With Wonderfilm's ambitious production slate and the support of 101 Films International, Wonderfilm Global is in a unique position to become a worldwide powerhouse for international production, sales and distribution," says Andy Lyon, CEO 101 Films
Specializing in cast-driven, genre-raising independent movies, 101 Films has had success with movies including LEFT BEHIND (NICOLAS CAGE), BRAVEN (JASON MAMOA), JEEPERS CREEPERS 3 and I AM WRATH (JOHN TRAVOLTA). This year, 101 Films will release the highly anticipated reimagining of David Cronenberg's classic cult hit RABID, the Kurt Russell cyber heist crime thriller CRYPTO, the Tye Sheridan thriller NIGHT CLERK and Wonderfilm-produced Segal and DMX action feature BEYOND THE LAW, and EXIT WOUNDS.
A publicly traded company on the Toronto Stock Exchange, Wonderfilm Media Corp was founded by Kirk Shaw, Jeff Bowler, Bret Saxon and Dan Grodnik. Together, they have produced and financed over 350 films.
"It is an exciting time for Wonderfilm Media in announcing this partnership with 101 Films International. Since we formed Wonderfilm Media 18 months ago, securing our own International Sales Agency was forefront of our growth strategy. This joint venture represents a massive win for Wonderfilm and allows us direct control over the exploitation of our slate of films" said Wonderfilm founder Kirk Shaw.
Wonderfilm Global and 101 International will be in attendance at Cannes Film Festival.
Wonderfilm Global has offices in Vancouver, Beverly Hills, London and Ireland,
About The Wonderfilm Media Corporation
Wonderfilm is a leading publicly traded (TSX Venture Exchange: WNDR) entertainment company with production offices in Los Angeles, corporate offices in Vancouver BC and its Asian distribution office in Seoul, South Korea. The Company's core business is producing market-driven independent feature films and quality television series for multi-platform global exploitation. Current productions include the feature films, Moose (staring John Travolta) and Primal (starring Nicolas Cage.) The Company's guiding philosophy is bringing new financing solutions to an entertainment industry increasingly looking for funding and co-production alternatives.
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