Beverly Hills, California, Dec. 11, 2017 (GLOBE NEWSWIRE) -- Modern Cinema Group, Inc. (OTCPK: MOCI) is proud to announce the signing of an agreement to co-finance the movie “The Kim Sisters” with one of Hollywood’s most successful producers, Lucas Foster and his production company “Warp LLC”.
The movie “The Kim Sisters” is a highly engaging story about three teenage Korean girls who survive the Korean war and near-starvation to become a popular act for East Asian military bases and USO tours in the 1950s. After being discovered, these young girls were invited to America where they become a staple on television variety shows not to mention their long-running engagements in Las Vegas during the days of the legendary Rat Pack. With their 25 appearances on the Ed Sullivan Show, they are known as the most beloved vocal group in the show’s history. Their story has been referred to as the greatest Korean-American story never told.
Lucas Foster, the producer of many successful action movies selected this project as his next production because it’s a classic ‘rags-to-riches’ tale with a very emotional core journey. Lucas Foster is well known in Hollywood and around the world for producing Mr. and Mrs. Smith with Angelina Jolie and Brad Pitt. Mr. Foster has also produced hits such as Man on Fire with Denzel Washington, Law Abiding Citizen with Jamie Fox and Gerard Butler and Equilibrium with Christian Bale. Additional movies produced by Mr. Foster are Crimson Tide, Dangerous Minds, Bad Boys and Jumper, among many others.
As for the financing provided by Modern Cinema Group, it’s new media exchange will be used to raise the necessary funds by way of selling “futures” contracts to market makers, brokers, speculators and retail traders around the world. A significant effort will be made to sell contracts starting in January of 2018. This movie will be the first of many that will use the Modern Cinema Group exchange for its financing needs.
The production budget for The Kim Sisters will be more than 20 million dollars and will involve top Korean talent with world-class music and dancing. It’s expected to draw interest from international audiences attracted to stories about young performers with a dream of making it big. The story is filled with music and choreography similar to hit musicals such as Dreamgirls and La La Land.
Says Ross Cooper, CEO of Modern Cinema Group, “We are thrilled to participate in the financing of The Kim Sisters. We have seen the dramatic rise of interest in all things Korean since the early 2000s. Today, Korean dramas are some of the most popular in the world. Korean movie stars have achieved significant levels of success, equaling the brightest stars in the U.S. and around the world. Our goal is to take this extraordinary story and make it with one of Hollywood’s most successful producers, Lucas Foster.”
Says Lucas Foster, “I’ve had the pleasure of working with Ross and his team at Modern Cinema Group for almost two years now. He came to me back then with numerous patent applications involving new ways to finance, distribute and promote motion pictures. He has developed a compelling approach to solving many of the problems that plague the motion picture industry today centered around a novel media exchange. We are excited to see how it develops.
Pre-production for the movie is scheduled to start in early May, 2018 with principal photography to start around August 2018. Every effort will be made to bring “The Kim Sisters” to global theatres around the Holiday Season of 2018 if not shortly thereafter.
Modern Cinema Group based in Beverly Hills, founded in San Diego has spent the last three years designing and patenting new business and technology models that allow both producers and distribution partners to integrate their systems in such a way as to leverage each other’s natural advantages.
Warp, based in Los Angeles, has spent the last 20 years developing and producing motion pictures for 20th Century Fox, Sony, Disney and others, not to mention its work in Virtual Reality with various large brands around the world.
FORWARD LOOKING STATEMENT
This press release contains certain “forward‐looking” statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward‐looking statements. The Company, through its management, makes forward‐looking public statements concerning it expected future operations, performance and other developments. Such forward‐looking statements are necessarily estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company’s ability to develop operations, the Company’s ability to consummate and complete the acquisition, the Company’s access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company’s public announcements.