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Seven Arts Enter (SAPX) is a film and music production company focused on intellectual property development and content licensing. This dedicated news hub provides investors and industry professionals with verified updates directly from the company and trusted sources.
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Seven Arts Entertainment (OTC PINK: SAPX) has announced a new affiliate relationship with 4D FüN, a technology company specializing in immersive experiences utilizing AI and blockchain. This partnership will integrate Dolby Atmos technology into 4D FüN’s Scenez platform, enhancing audio experiences for users in the metaverse. Additionally, Seven Arts plans to invest directly in 4D FüN, positioning itself as a stakeholder in their success. CEO Jason Black expressed enthusiasm for this collaboration, highlighting its potential to significantly boost Seven Arts' value.
Seven Arts Entertainment Inc. (OTC PINK: SAPX) has announced a stock repurchase program approved by its Board of Directors, allowing the company to buy back up to $2,000,000 worth of outstanding shares over the next 12 months. This equates to an estimated 500 million to 800 million shares. The buybacks will be executed based on market conditions and comply with legal and SEC regulations. CEO Jason Black expressed confidence in the company's revenue projections and plans to enhance shareholder value through this initiative as they near the opening of their Atlanta production facility.
Seven Arts Entertainment Inc. (OTC PINK: SAPX) announced the appointment of Thom Hazaert to its Board of Directors as part of its growth strategy. Hazaert, known for his significant contributions in the entertainment sector valued over $300 million, will serve as Chief Revenue Director and Director of A&R. His expertise includes collaborations with iconic acts and major studio films. The company's future projects discussed may generate up to $20 million, with plans to audit financials for potential up-listing. Hazaert's leadership is expected to enhance revenue generation.
Seven Arts Entertainment Inc. (OTC PINK:SAPX) has announced a new partnership with Ascended Entertainment, enhancing its postproduction capabilities for film projects in Atlanta. Ascended will manage postproduction tasks, including editing and ADR, at Seven Arts' facilities. Additionally, a Pro Tools certified engineer has been recruited for audio mixing and production, which is crucial for cinematic quality. The company is optimistic about its ongoing progress, including a Debt Settlement Agreement for a prior convertible note.
Seven Arts Entertainment Inc. (SAPX) has announced steps towards up-listing from Pink Alternative Reporting to SEC Reporting. The company filed an 8-K with the SEC on July 15, 2022, engaging BF Borgers CPA PC for auditing. This is intended to be the first step in establishing a timeline for up-listing, which includes filing a Form 10 and providing two years of audited financials. Management emphasizes their commitment to reviving the Seven Arts brand and enhancing shareholder value, supported by ongoing negotiations with streaming platforms and film studios.
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