In response to feedback from major video retailers, Producers Releasing Organization, the film and video distribution division of Empire Film Group, Inc. (Pink Sheets:EFGU)
“Due to recent increase in consumer demand we feel that a $14.95 list price will have consumers choosing Blu-ray over DVD,” said Dean Bornstein, C.E.O. of Empire Film Group. ”In the last year consumers have seen the premier quality of the Blu-ray technology. Blu-ray is a DVD playback format, and it reproduces twice as many lines on a television screen as a standard definition DVD. We are now offering the consumer the chance to purchase Blu-ray at the same price as DVDs,” he continued.
The initial new release titles covered under the $14.95 Blu-ray pricing strategy include:
“War Eagle, Arkansas” – An acclaimed family drama with an April 6 street date.
“2 Dudes And A Dream” – A wacky comedy with a March 9 street date;
“Chelsea On The Rocks” – An Abel Ferrara documentary with a May 4 street date;
“Bobby Dogs” – An award winning, inspirational film with a May 4 street date.
The initial catalog title also to be issued on Blu-ray at $14.95 is “Savage Land” – A western-themed, family favorite to debut on Blu-ray June 1.
Key retail accounts supporting the Blu-ray format include WalMart, Target, Best Buy, Kmart, SAMS, Costco, Blockbuster, Movie Gallery, Hollywood Video, Barnes & Noble, Borders, Hastings and many more, collectively representing over 60,000 storefronts.
In addition to current Blu-ray releases, Producers Releasing Organization will be distributing author Barr McClellan’s new book “Made In The U.S.A.” in the second quarter of 2010.
Empire Film Group and Hannover House have recently entered into a joint venture agreement to co-distribute Theatrical, Television, DVD and Book titles in North America. These five Blu-ray releases and Book will be distributed through this joint venture.
SAFE HARBOR STATEMENT
This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although the company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate.
We are an investor community and investors relations website specializing in emerging growth stocks in today’s Hot Sectors and providing a platform of services for SmallCap, MicroCap, NanoCap Companies.
We encourage everyone to join our social media sites:
Free Subscription For Our Newsletters:
LevelStock.com is not a registered investment advisor or broker-dealer. The information here is believed to be reliable, but not guaranteed to be accurate by LevelStock.com Please be advised that the information contained may or may not be complete and is solely for informational purposes only. Please read our full disclaimer for complete risks and disclosures http://levelstock.com/
CONTACT INFO: LevelStock.com 288 Grove Street Suite 181, Braintree, MA 02184