Archer Entertainment Media Communications, Inc. Signs Letter of Intent to Acquire White Bear Productions, Inc. and Lionsgate & Twisted Pictures' Saw 5 Slashes Its Way To $30.5 Million Opening Weekend
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City of Industry, CA --(www.USEquityNews.com)-- 10/28/2008 - Entertainment industry alert provided by U.S. Equity News. Archer Entertainment Media Communications, Incorporated (OTC: AEMC) www.archeremc.com, (ISIN US039490107), announced today the signing of a Letter of Intent to acquire the intellectual property owned by White Bear Productions, Inc., of New York, an edu-tainment-oriented print and Internet property designed to recruit children globally in the campaign against climate change. The transaction is now undergoing Due Diligence.
Lionsgate, the leading next generation filmed entertainment studio (NYSE: LGF) and Twisted Pictures' horror thriller Saw 5 scared up an estimated $30.5 million in 3,060 theatres this weekend at the North American box office, or $9,965 per location, on its way to becoming the top-grossing horror franchise of all time early this week, it was announced today by Lionsgate and Twisted Pictures principals Mark Burg and Oren Koules. The five Saw films have now grossed an estimated cumulative $316.2 million to date at the domestic box office and will pass the $317.8 million hauled in by the eleven Friday the 13th films tomorrow or Tuesday. The Saw franchise sliced past Halloween, whose nine films have grossed a cumulative $307.4 million, this past weekend.
National Lampoon, Inc. (AMEX: NLN), the most widely recognized brand in comedy, today announced the signing of a worldwide distribution agreement with Uproar Entertainment for the company's recently launched audio label. Uproar sells and distributes to most major retail outlets, including FYE, Amazon.com, Wal-Mart (NYSE: WMT), Best Buy (NYSE: BBY), along with family owned stores; totaling thousands of outlets of distribution worldwide.
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