Thursday, January 9, 2014

Newly Formed Film Company StarStream Entertainment, Inc. (SSET) Reports Initial Revenues

Theatrical motion picture production and financing company StarStream Entertainment has reported the first initial revenues for its new public entity, which ends an already successful fourth quarter on a high note. The company is reporting Q4 fiscal 2013 revenues of around $200,000, upon receiving its first revenue from film investments in StarStream Films LLC.

StarStream Entertainment’s Q4 highlights include becoming a public company; completing a distribution deal with Lionsgate Entertainment for the StarStream produced “Life of Crime,” starring Jennifer Aniston and Tim Robbins, following the Toronto International Film Festival; and the selection of the company’s highly anticipated zombie film “Life After Beth,” starring Aubrey Plaza, John C. Reilly and Molly Shannon, for the U.S. Dramatic Competition at this year’s Sundance Film Festival.

After less than a year as a company, StarStream has already translated strong management performance into revenues, which is a big accomplishment for any company in its first year but especially for a motion picture production company. This success is a testament to the company’s feature film production team and its ability to identify film projects that have strengthened StarStream’s financial base as the company continues developing.

StarStream’s focus is on producing and financing edgy, high-quality motion pictures for a commercial audience using strong cast members and lean budgets. For more information, visit the company’s website at www.starstreamentertainment.com.

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