Welcome to our dedicated page for Seven Arts Enter news (Ticker: SAPX), a resource for investors and traders seeking the latest updates and insights on Seven Arts Enter stock.
Seven Arts Entertainment Inc. (SAPX) is a film and music production company that regularly issues updates on its projects, partnerships, and strategic initiatives. This news page aggregates press releases and announcements in which the company describes how it is developing a portfolio of intellectual properties in the film and music industries.
Readers can find coverage of Seven Arts’ film projects, including co-production agreements for feature films with partners such as Madlor Films, THC Music & Films, and Muse Media. News items also describe joint ventures around album releases, such as the collaboration with THC Music and Films on Taproot’s album, as well as updates on podcast and multimedia content initiatives under the Seven Arts Music subsidiary.
The company’s releases highlight infrastructure and technology developments, notably the ongoing build-out of a Dolby Atmos facility in Atlanta intended to serve the local film community. Other articles discuss affiliate and joint venture relationships, including the agreement with 4D FüN, a metaverse-focused technology company, and the joint venture with Hanger Ink for marketing, promotional materials, and branded merchandise tied to film and music projects.
Investors and followers can also review corporate and shareholder updates, where Seven Arts addresses its strategic goals, letters of intent for acquisitions, asset agreements with larger studios, and responses to shareholder questions. For anyone tracking SAPX, this news feed offers a centralized view of how the company publicly describes its evolving activities in film, music, and related media services.
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.
Seven Arts Entertainment Inc. (OTC PINK:SAPX) has provided a fiscal year-end update, showcasing significant achievements under new management. Key highlights include:
- Company is current in reporting after nearly 6 years of dormancy.
- Reduction of common shares by 2.5 billion (62%).
- Acquisition of Muse Media Subsidiary.
- New production facilities in Atlanta.
The Company aims to enhance revenue with potential multi-picture deals and projects $50 million in annual revenue this fiscal year, increasing to $300 million over five years.
Seven Arts Entertainment Inc. (SAPX) has provided an update on its projects, highlighting the completion of principal photography for the documentary 'Manspeaker', centered on Green Jelly's founder Bill Manspeaker. The film, attracting interest from major studios like HBO Max, could generate over $40 million in revenue. Additionally, contracts for NFTs and a new album are in development. The company has reduced its outstanding shares by 62% and is progressing towards SEC reporting. Seven Arts also anticipates generating $12 million annually from its Atlanta sound stage facilities.
Seven Arts Entertainment (OTC PINK: SAPX) announced the acquisition of a 7.5% stake in Los Angeles-based Picture Pro LLC. This strategic move aims to enhance the Company’s ability to raise capital for feature films, leveraging Picture Pro's extensive network in the film industry. Notably, the funding is expected to be non-dilutive for shareholders as it will be secured by film assets rather than Company stock. As the fiscal year-end approaches on June 30, 2022, Seven Arts anticipates a detailed shareholder update regarding future plans and ongoing projects.
Seven Arts Entertainment Inc. (SAPX) has provided a significant shareholder update, highlighting accomplishments over the past year. Key achievements include regaining reporting compliance with OTC markets, settling debts, and reducing authorized shares from 4.5 billion to 1.8 billion. The company has reinstated its music subsidiary and acquired Muse Media. Upcoming plans include finalizing the Atlanta facilities with advanced Dolby Atmos capabilities, starting production on a documentary, and pursuing partnerships with major production companies. Management aims for an SEC reporting tier upgrade following the next annual report.
Seven Arts Entertainment Inc. (OTC PINK:SAPX) has announced a new biopic project focusing on a Grammy-nominated Los Angeles music icon and his comedy punk-band, which sold over 15 million copies globally in the early 1990s. The company has started filming interviews and intends to distribute the film through major streaming platforms and cable networks. Additionally, there are discussions to release a new album under Seven Arts Music alongside the film. CEO Jason Black expressed excitement about the project, emphasizing its compelling and humorous nature.
Seven Arts Entertainment, Inc. (OTC PINK: SAPX) has successfully returned 2.5 billion common shares to treasury, resulting in a 62% reduction in shares outstanding. The management plans to further reduce authorized shares to improve the company's capital structure. The company is advancing its new facilities in Atlanta and developing its film and music assets. CEO Jason Black expressed satisfaction with the share reduction, noting it was costly but beneficial for shareholders. Further operational updates are expected soon.
FAQ
What is the current stock price of Seven Arts Enter (SAPX)?
What is the market cap of Seven Arts Enter (SAPX)?
