StarStream Entertainment
announced yesterday a distribution contract has been inked with A24 for its
motion picture, “Life After Beth.” The film, which recently debuted on January
19th at the Sundance Film Festival, was chosen among 12,218 submissions for the
U.S. Dramatic Competition.
The Hollywood Reporter
referred to “Life After Beth” as a “perfectly pitched debut that should benefit
greatly from word of mouth and, especially given the top-flight comic talents
surrounding lead Dane DeHaan, won’t appeal solely to fanboys at the box
office.”
To read the review in its
entirety, please visit:
http://www.hollywoodreporter.com/movie/life-beth/review/672401
Falling under the zombie
movie genre, a fast-growing multi-billion dollar segment of the movie industry,
“Life After Beth” is expected to reach beyond zombie fanatics to a much wider
audience. Currently the zombie movie genre has an estimated value of $2
billion, based on the past decade for just big titles alone, according to Jon
Ogg, a Wall Street analyst who covers the movie industry.
“Once you include the
endless DVD sales and the various rentals and subscription services, the tally
comes closer to $3 billion than $2.5 billion.”
A24, a New York-based
finance and film distribution company backed by Guggenheim Partners, with a
number of recent box office hits, of which include, “The Bling Ring,” and
“Spectacular Now,” will handle the distribution of “Life After Beth,” in U.S.
theaters as well as Video on Demand distribution. Under the terms of the
contract, StarStream Entertainment estimates it will receive $2.0 million in
addition to a percentage of gross box office receipts, as well as Video on
Demand sales in perpetuity.
The release date of “Life
After Beth” is expected to be announced come late spring or early summer of
2014. “We are thrilled about the opportunity to work with A24 on the
distribution of our third motion picture. We expect “Life After Beth” to
generate significant revenue for the company in 2014 and beyond,” commented
Chief Executive Officer of StarStream Entertainment, Kim Leadford. In addition,
it is expected that the Company will sign a foreign distribution contract with
a major studio.
The “Life After Beth”
distribution agreement follows StarStream’s distribution deal with Lions Gate-Roadside
Attraction for the Company’s film “Life of Crime,” which was acquired at the
Toronto International Film Festival in September of 2013 for a $2.5 million
guarantee against domestic box office receipts, as well as a percentage of both
gross box office receipts and Video on Demand sales in perpetuity.
To learn more, please visit
www.starstreamentertainment.com
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