Dallas, TX (PRWEB) July 11, 2011
Odyssey Pictures Corporation (OPIX: OTCQB) (Odyssey), a media & entertainment company, returned from this year’s Cannes International Film Market having transacted in excess of $2mm in gross sales through its collective of affiliated sales agents, rights holders and co-production partners.
There were numerous distribution commitments for Odyssey’s managed & co-owned content in all categories, including feature film, TV, animation and documentary. Markets sold include North America/ France/ Asia/Africa, Middle East and Turkey. South Korea was especially active with the procurement of a capital investment for “Hermie, Invasion of the Bug Snatchers,” the feature film project slated for production later this year. Odyssey also expanded its deal footprint in other Asian territories including China, Malaysia, Taiwan and Indonesia.
“We had a very robust and productive outcome from our presence at Cannes this year,” said Odyssey’s CEO John Foster. “We made multiple distribution deals for most of our titles and also brought in some serious production financing for our “Hermie” feature film project.
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/
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.