- Wonderfilm Media Corporation is a new, up-and-coming entertainment production and acquisition house building on its executives’ experience at turning relatively low budgets into much higher gains
- Wonderfilm is establishing a toehold in the growing subscription video on demand industry by providing celebrity-fronted projects to SVoD outlets that are continually searching for more content
- Most importantly, the company is backed by five successful Hollywood producers, who have produced over $1 billion in box office revenue
- Nicolas Cage, John Travolta, Guy Pearce, Felicity Huffman, and Tara Reid are among the celebrities signed to the company’s 2019-2020 project slate
Cord cutters have gained a growing measure of control on-the-go over their entertainment choices thanks to the rise of streaming video services, creating the seeds of a free-the-cable-box future and more democratic approach to film studio production in the process.
British Columbia-based film production house Wonderfilm Media Corporation (TSX.V: WNDR) (OTCQB: WDRFF) is taking advantage of streaming consumers’ openness to “indie” entertainment options that don’t have the trappings of a blockbuster franchise, bringing developed scripts with celebrity backing to the screen using a strategic budget model that aims to turn significant profits from controlled front-end costs.
A recent NetworkNewsWire editorial noted Wonderfilm’s emergence in a competitive new subscription video on demand (SVoD) market that may rely on newer production companies to feed the belly of the entertainment industry beast as alternatives to higher budget offerings (http://nnw.fm/R66Xq).
“As digital streaming steadily eclipses all other forms of in-home entertainment delivery, an entertainment war has erupted among leading subscription video on demand (SVoD) providers. These streaming wars have opened the gate for newer production companies to step up and cash in by funneling fresh content to hungry SVoDs. The battle has already resulted in some big winners, including film-production companies, such as Wonderfilm Media Corporation,” the editorial states.
Variety magazine reported earlier this year that the largest media companies are spending about $107 billion annually on global content. Wonderfilm productions develop a script and a commitment from a celebrity into a movie pre-sale for an average of about $5 million with about $500,000 to $750,000 of that amount remaining in-house as commissions.
The company retains ownership rights to the film, banking on the potential for profits that will begin to roll in once the revenue terms outlined in the contracts are fulfilled if the films are successful.
The first day cameras start rolling, Wonderfilm begins receiving returns from the production budget that range from $50,000 to $500,000 according to the production line-item fees contracts (http://nnw.fm/uVL5R).
Although the fledgling company is less than two years old, its executives have gained experience employing similar models on previous projects, such as the sleeper hit Get Out and The Hurt Locker. Their work in the film and television industries have also granted them access to the celebrities who have headlined their projects.
Thus far, Wonderfilm’s slate of developed or in-development projects have featured household names such as John Travolta, Guy Pearce, Felicity Huffman, Tara Reid and Nicolas Cage.
For more information, visit the company’s website at www.Wonderfilm.com
NOTE TO INVESTORS: The latest news and updates relating to WDRFF are available in the company’s newsroom at http://nnw.fm/WDRFF
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