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Movie about Sirius XM Radio Gets Worldwide Distribution Deal
CEO Mel Karmazin will appear on CNBC to talk about Sirius XM's rise from the ashes, but will he thank Hollywood?
"Stock Shock," a movie about Sirius XM and the manipulation of the American stock market, was produced in only 3 months by the independent production company. "We wanted to get the story out about corruption on Wall Street as soon as possible," says director Sandra Mohr. "Investors were losing their shirts and we believed the movie would help to educate and protect them." It seems to have worked. Soon after the movie spotlighted the ravaged shares of Sirius XM, the company stock rose nearly 1000 percent, and the Securities Exchange Commission appears to have finally taken an interest in naked short selling. "Manipulative short selling was the primary reason shares of Sirius XM and so many other stocks tanked last March," says Mohr.
"Stock Shock" is made in the tradition of Michael Moore's "Capitalism:
Mel Karmazin is expected to appear on CNBC tomorrow to discuss Sirius XM's Q3 earnings for 2009. Having come back from the brink of bankruptcy in February 2009, one would think he must have good news. Now that the independent documentary "Stock Shock" has found a distributor, the sky may be the limit for this satellite company and its loyal, newly famous shareholders.
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Mohr Productions, Inc. produces television and film projects for Broadcast TV, Internet, and Theater distribution. Clients of the award winning company include: MTV, United Paramount, Universal, Nickelodeon, HBO, and SyFy Channel.