Los Angeles, CA (PRWEB) November 11, 2010
Odyssey Pictures Corporation (OPIX: OTCQB) (Odyssey), a media & entertainment company, announces a strategic co-development agreement with Foothill Entertainment, a production, development and distribution company specializing in children’s and family entertainment programming.
The deal encompasses product development, financing and key joint sales activities. Odyssey is providing funding to propel specified Foothill projects into next stages of creative development and retains a first right of refusal to provide Foothill with production funding. The two companies also plan to selectively engage in joint sales and marketing outreach for each other’s inventory of titles.
The agreement initially encompass two specific Foothill projects: Gunk Aliens and My Momtourage and Me. Gunk Aliens is based on a book series published in the United Kingdom by HarperCollins Children’s Books. My Momtourage and Me is an original ‘tween property revolving around the daughter of the most famous female pop star in the world who, despite the glamorous lifestyle of her Mom, longs for a normal life and, most of all, a normal mom.
“This deal is part of our path of expansion into the children’s market,” remarked Odyssey’s CEO John Foster. “By forging strong relationships with key players like Foothill Entertainment, we accelerate our growth and take part in the crucial first step of content development. ”
“Getting projects started the right way is crucial for children’s properties,” said Foothill President Jo Kavanagh-Payne. “That is why we are so pleased to find a partner like Odyssey who understands the importance of the development process to kick-start production.”
About Odyssey Pictures Corporation - Initially an entertainment company focusing on financing and distribution of first run feature films, Odyssey has adapted its business model to become a diversified media/marketing services company. The company’s lines of business now encompass branding & marketing, IPTV digital delivery technologies and producer’s representative service. Odyssey’s producer’s representative service provides an extensive suite of sales and marketing services to independent filmmakers seeking to gain traction in the international distribution and rights markets. These services include international sales, contract negotiation, marketing materials, strategic planning and completion financing. http://odysseypix.com/
About Foothill Entertainment
Founded in September 2000 by former DIC Entertainment executive Vice President of Business and Legal Affairs, Gregory Payne and Jo Kavanagh-Payne, former Link Television Entertainment, Inc. Senior Vice President of U.S. Operations, Foothill specializes in the co-development and distribution of children’s and family entertainment programming. Their Company is based in Santa Barbara, California.
Forward-Looking Statements - Certain statements contained herein are forward looking. These forward-looking statements are based on our current expectations and are subject to a number of risks, uncertainties and assumptions. Many factors could cause actual results to differ significantly from these statements, including our history of operating losses, our need for additional financing, a failure of our products to perform as expected, introduction of competing products by other companies, pressures on prices from competitors and/or customers, regulatory obstacles to new product introductions, lack of acceptance of our products and technology changes. These risks, uncertainties and assumptions are detailed in documents filed by us with the Securities and Exchange Commission. The Company cautions that the foregoing list of important factors is not exclusive. Any forward-looking statements are made as of the date of the document in which they appear. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.