Hollywood Studios International Taps Producer and Splendid Film CEO, Andreas R. Klein (Agent Cody Banks l & ll, Traffic)
Los Angeles, California (June 28, 2005) - Hollywood Studios International (OTC: HYWS) CEO Steven Saxton has announced the formation of a new alliance with critically acclaimed producer and Chief Executive Officer of Splendid Film, Andreas Klein, to assist in the development and production of two films over the course of the next two years. Klein will also advise Mr. Saxton in the development and management of a $50 Million film finance gap fund that is currently being structured. Fund will finance a slate of films to be shot in the U.S. with budgets under $20 Million. Projects will take advantage of recently established U.S. tax incentives.
Mr. Klein's production credits include the children's films “Agent Cody Banks l & ll” and the runaway hit, “Traffic,” directed by Steven Soderbergh and starring Michael Douglas, Catherine Zeta-Jones and Benicio Del Toro. As the winner of four Academy Awards in 2001, the movie has enjoyed tremendous success both in the United States and abroad. Through Splendid's sister company, I.E.G., the company was financially responsible at that time for the production of “Dr. T & The Women”, starring Richard Gere and directed by Robert Altman; “Gangs of New York,” directed by Martin Scorsese and starring Leonardo DiCaprio; and “The Dangerous Lives of Altar Boys,” with Oscar-winner Jodie Foster.
About Splendid Medien
Splendid Medien has produced and distributed motion pictures worldwide for the last five years. They also provide filmed entertainment to the marketplace by selling and/or licensing the exhibition rights in specific countries over specific periods of time.
With Splendid Medien's Initial Public Offering on the Neuer Markt in Frankfurt on 24 September, 1999, and its subsequent focus on high-quality motion-picture productions, Splendid inaugurated a new era in its 30 year history. Splendid Medien AG is the holding company for seven subsidiaries and affiliates, covering the entire value chain of the film business, beginning with production, via cinema, video, and DVD, and extending to pay TV and free TV. Furthermore, the company acquires and distributes motion pictures for German speaking Europe.
Splendid films is and has been one of the most successful traditional distribution companies in Germany for the last 30 years and has over 350 films in their library.
