Sycamore Entertainment Group, Inc.(SEGI), a leading innovator in hybrid film distribution, is pleased to provide this corporate update. Sycamore confirms it is engaged in negotiations with an award winning sales agent for domestic rights of two motion pictures. The company believes that both films represent an effective opportunity to solidify its position as a key specialty distribution company in the marketplace and that the films have the merit to be strong awards contenders in the late fall.
Furthermore Sycamore is positioned to acquire the corporate assets of an established entertainment property. Once the transaction is completed, the assets cash flow will allow Sycamore the ability to consistently acquire films and other entertainment assets.
Financing for the asset purchase is being arranged by our domestic and international banking partners. As part of the transaction Sycamore is completing its financial statements as well as getting current on all corporate affairs. The terms and final details of the transaction will be disclosed in a press release.
In addition, the team at Sycamore along with Daryl Payne Films have reached the final stages of upload for " The Judy Garland Show" (http://sycamoreentertainment.com/news-20140227.php) E-commerce website and are working diligently to finalize the streaming website for commercial use. The team expects to hit their March 29th launch deadline.
Updates on the progress of these transactions will be made available via our corporate website and via social media.