Belltower Signs Finance Agreement and Sets Production Start Date for China
February 10 2010 - 9:43AM
Business Wire
Belltower Entertainment (OTCBB: BTOW) announced today that it
has formally entered into multiple agreements to secure financing
for the feature film titled Little Treasure, to be filmed on
location in Shanghai, China. The film will be jointly financed by
Belltower, Indie Film Exchange Holdings Inc. (IFE) and Rouge
Entertainment based in Taiwan.
Academy Award winner Forest Whitaker (Last King of Scotland)
will executive produce and star in the film which is currently in
pre-production and is set to commence principal photography at the
beginning of April in Shanghai.
The film is an inspiring story about a bi-racial American couple
who return to the wife's homeland of China to rekindle their love
and reignite their marriage, only to encounter prejudices, humor,
cultural differences, and ultimately self-discovery...and along the
way meeting a Shanghai street kid who changes their lives. The
screenplay was penned by writer Josh Goldstein (Disney’s Jungle
Cruise, “Fresh Prince of Bel Air,” “Jamie Foxx Show”). Michael D.
Olmos (Splinter) is attached to direct alongside legendary
Hollywood cinematographer Reynaldo Villalobos (Risky Business, A
Bronx Tale, Urban Cowboy). Belltower is currently negotiating
distribution and will release details as soon as a definitive
agreement is reached. Forest Whitaker is repped by WME.
Belltower has two more feature films that are currently in
various stages of development and pre-production, and are on the
company's production slate for 2010:
Dance the Green is written by Academy Award winner Barry Morrow
(Rainman) and starring Giovanni Ribisi (Avatar, Gone in 60 Seconds,
Boiler Room) with a budget of US$10 million. It’s set to start
production by early summer on location in Pittsburgh and Florida.
Belltower's CEO Nina Yang will produce alongside Claire Kupchak and
Barry Morrow. Ericson Core (Invincible) is attached to direct. The
company is currently in the final stages of negotiations with a
major Hollywood actor to co-star. Giovanni Ribisi is repped by CAA
and Management 360.
The Times’ bestselling novel, "Smokescreen," about the true life
adventure of Allen Long, a documentary film maker who began
smuggling pot out of Colombia in the 70's to finance his movie, has
been adapted by Paul Cuschieri and will commence pre-production
later this year.
Belltower maintains copyright ownership in all three films
slated for production this year with majority control over
production, financing and distribution.
Nina Yang now tops Belltower as CEO/President while Donald K.
Bell has moved over to Chairman of the Board of Directors. Lawrence
P. Lichter of Lichter Yu & Associates was recently appointed as
company CFO. Lichter brings with him extensive background in both
entertainment and SEC/GAP accounting standards and principals, and
will be instrumental in all aspects of budgeting, financing and
capitalization as Belltower continues to grow and expand.
Belltower Entertainment Corp. is a fully integrated film
entertainment company based in Los Angeles with a satellite office
in Shanghai, China complimented by strategic production and finance
partners throughout the world. Our goal and focus is in securing
ownership of film projects to be developed and packaged in-house,
which attract premier talent from both behind the camera and in
front of it, while keeping costs down through tax friendly
production territories and other soft money avenues. Belltower
creates favorable studio participation for distribution and P&A
funding with critically acclaimed screenwriters and top talent
attachments.
With a focus on Asia and Latin America, Belltower is
strategically positioned to produce high quality content at
cost-effective budgets while maximizing profit margins and upside
potential for both the company and its shareholders by retaining
control and ownership of its feature film projects.
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