NEWS
News:
1st Miracle Announces Equity Stake in Baldwin/Hopkins Film 'The Devil & Daniel Webster'
3/12/2001 7:31:00 AM
LOS ANGELES, Mar 12, 2001 /PRNewswire via COMTEX/ -- 1st Miracle Group, Inc. (OTC Pink Sheets: MVEE), a diversified film and production company, today announced it has taken an equity stake in the Cutting Edge Entertainment film "The Devil & Daniel Webster." 1st Miracle Group will receive a presentation credit in first position, following the major distributor, as well as Executive Producer credits for Tony Cataldo and Jason Zelin.
The film, staring Anthony Hopkins, Alec Baldwin, Jennifer Love Hewitt, Dan Aykroyd and Kim Cattrall is based on the 1937 short story by Stephen Vincent Benet and is a remake of a 1941 film directed by William Dieterle. This will mark Alec Baldwin's directorial debut.
Baldwin directs and stars in this modern retelling as a discouraged writer who sells his soul to the devil in return for ten years of fame and fortune. When the bargain does not yield him happiness, he seeks the help of Webster (Hopkins), the head of a powerful publishing company, to assist in reversing the deal.
Cutting Edge Entertainment will remain as the projects foreign sales agent of this $28 million film, and The William Morris Agency and Creative Artists Agency will represent the domestic rights.
"We are very pleased to be a part of this fantastic project. This is a very high profile movie coming on the heels of 'Hannibal' and garnering attention for worldwide distribution. This is the last week of principal photography in Manhattan and then we go into post-production", said Tony Cataldo, Chairman and Chief Executive Officer of 1st Miracle Group. Inc.
"This is the type of project we want to be involved in as we seek to grow the company and increase awareness of our future direction" said Jason Zelin, President of 1st Miracle Entertainment.
About 1st Miracle Group, Inc.
1st Miracle is an independent entertainment company dedicated to producing and distributing quality motion pictures for distribution to theaters and the home video market. Making a film does not end with the filming. The company explores all options in releasing a film and making it available worldwide. To that end, the company has partnered with some of the leading distribution companies both in the US and around the world. As an independent entertainment company, 1st Miracle offers a fresh new approach to producing movies that is both exciting and innovative.
This statement includes forward-looking information as that term is defined in the Private Securities Litigation Reform Act of 1995, and, therefore, is subject to certain risks and uncertainties. There can be no assurance that the actual results, business conditions, business developments, losses and contingencies and local and foreign factors will not differ materially from those suggested in the forward looking statements as a result of various factors, including market conditions, competition, advances in technology and other factors.
SOURCE 1st Miracle Group, Inc. |
