Archive for May, 2010

CAMELOT ACQUIRES LIBERATION FILM LIBRARY

Tuesday, May 4th, 2010

Asset Acquisition Nets Camelot 750 Titles Now, Potential to add 138 Additional Titles Later

Universal City, CA – (May 4, 2010) Camelot Entertainment Group, Inc. (OTCBB: CMGR) (”Camelot”) announced today that it has acquired the assets of Liberation Entertainment, Inc. (“Liberation”), including 750 of Liberation’s 888 title film library initially, with the potential to add 138 more titles once title issues are cleared.  In a deal valued between $3,900,000 and $4,430,000, Camelot Film Group, Inc., a wholly owned subsidiary of Camelot, picked up an eclectic library comprised of titles encompassing a wide-range of genres in film and television spanning a period of more than 40 years, including such titles as the “Wolverine and X-Men” animated series, the “Peter Gunn” television series, the original “House on Sorority Row” and the original “Frost/Nixon” interviews. The marketing and sale of the library titles worldwide will be managed by Camelot Distribution Group, led by President of Distribution Jamie Thompson.

“This acquisition represents a big step forward for Camelot and the implementation of our business model, especially with our ongoing focus on acquiring and distributing independent films,” stated Camelot Chairman Robert P. Atwell. “In 2009, this library generated in excess of $5,000,000 in gross revenue for Liberation. Even though 2010 year to date revenue numbers are minimal due to the recent inactivity of Liberation, with our highly motivated distribution team working with film and television buyers both domestically and internationally, we are confident that we will be able to maximize revenues not only for Camelot and our stockholders, but for our producing partners in the library as well.”

Camelot paid cash and issued shares of its common and preferred stock to complete the acquisition, which is the first of four planned acquisitions Camelot has slated, with negotiations for two more distribution companies and a post production facility currently ongoing.

“We are also excited about the possibility of expanding the revenue potential of this library through the extension of rights and acquiring additional rights to the titles as we move forward,” Mr. Atwell stated. “This library fits perfectly into our expansion plans for Camelot Distribution Group in part due to the wide variety of content which spans many different genres. We believe this library eventually has the potential to exceed all of our expectations.”

Details of the acquisition can be found on Camelot’s web site at www.camelotent.com or through Camelot’s filings with the Securities and Exchange Commission at www.sec.gov.

ELM STREET DOCUMENTARY ‘NEVER SLEEP AGAIN’ AWAKENS ON DVD

Monday, May 3rd, 2010

Produced by 1428 Films, Camelot’s DarKnight’s Elm Street Legacy Releases in the U.S. on May 4, 2010

Los Angeles – (May 3, 2010) Camelot Entertainment Group, Inc. (OTCBB: CMGR) (”Camelot”) and its wholly owned subsidiary DarKnight Pictures announced today the DVD release of 1428 Films’ Never Sleep Again: The Elm Street Legacy, the definitive behind the scenes retrospective on the twenty-five year history of the horror epic A Nightmare on Elm Street.  The DVD can be purchased online at the official website (www.elmstreetlegacy.com) and on such sites as Amazon.com, Buy.com, tlavideo.com, DVDempire.com as well as in select stores on May 4, 2010.  This release follows the theatrical release of New Line/Warner Bros.’ A Nightmare on Elm Street this past weekend, which opened #1 at the U.S. box office.

Narrated by original ‘Nightmare’ actress Heather Langenkamp and with over 100 interviews from the cast and crew, including directors Wes Craven, Renny Harlin, and Ronny Yu, as well as talent John Saxon, rockstar Alice Cooper, Monica Keena (Freddy vs Jason), and Freddy Krueger himself, Robert Englund, ‘Never Sleep Again’ captures the impact of pop culture and the horror genre, while exploring the intelligent, yet psychopathic character who brings everyone’s worst nightmares to life.

The documentary is a 1428 Films/Panic Production produced by Daniel Farrands and Thommy Hutson, written by Thommy Hutson, and directed by Daniel Farrands and Andrew Kasch.

“Freddy Krueger is modern cinema’s ultimate boogeyman and this exhaustive four-hour retrospective gives fans of the Elm Street series – and fans of horror cinema in general – the most in-depth perspective on this groundbreaking franchise ever created,” commented Farrands.

Producer/writer Hutson added,  “Our goal in creating Never Sleep Again was to leave no stone unturned in a way that is entertaining, fast-paced and emotionally engaging.”

DarKnight Pictures picked up the retrospective in February, holding US television and all-media international rights.