KANAKARIS OUTLINES COST-SAVINGS TO FILMMAKERS USING ITS UPCOMING INTERTAINMENT STUDIO, AS WIRED MAGAZINE FEATURES LIFE AFTER HOLLYWOOD Cover Story; Kanakaris Says Filmless Future to Involve Digital Cameras, Computers and Internet Distribution
HOLLYWOOD, Calif., Sep 23, 1999 /PRNewswire via COMTEX/ -- Kanakaris
Communications, Inc. (OTC Bulletin Board: KKRS) outlined the cost
savings which filmmakers can achieve at its upcoming INTERtaiNmEnT
Studio, while expounding on the package of services the new facility
and the www.KKRS.Net web portal will offer.
The news from Kanakaris coincides with a WIRED Magazine cover story
(October, 1999) entitled "Life After Hollywood" and featuring stories
titled: Digital Moviemakers: Fast, Cheap and Way Out of Control,
William Gibson Has Seen the Filmless Future and Building the Desktop
Studio.
Writer Rob Kenners states that the advent of digital film making is
"just the beginning of next generation moviemaking. Multiply the Blair
Witch Project by a thousand, then turbocharge it with the marketing,
distribution and screening power of the Net."
CEO Alex Kanakaris stated, "The Internet, and sites like our
www.NetMovieMania.com, open the means of world film distribution to the
artists of today and tomorrow. Digital filmmaking, and facilities like
our INTERtaiNmEnT Studio, make the production of both Net and
theatrical distribution movies affordable.
"We are opening our doors to the next generation of talent. We believe
that the combination of Hollywood's best classics of all genres and
new, cutting-edge shorts and feature-length films will provide further
audience growth to our www.KKRS.Net web portal, which is already
attracting hundreds of thousands of viewers from over 18 countries," he
added.
Kanakaris outlined the projected difference in shooting a movie in
digital video versus 16mm or 35MM film.
In equipment costs alone, a bare budget traditional film might require:
Amiflex SR3 16mm cameras and accessories $125,000
One hour of film with processing 1,400
Transferring film to video for editing 600
Desktop computer, editing software 7,000
Transferring video back to 16mm film 5,000
Bumping one hour of 16mm to 35 mm
(for theatrical release) 25,000
Lighting crew, gear, actors,
equipment and film stock 100,000
Total $264,000
In contrast, a film produced digitally might require:
Sony DSR-PD100 DVCAM camcorder $3,000
One hour professional DV tape 30
Desktop computer, editing software 7,000
Worldwide Internet distribution at
KKRS.Net 5,000
Use of INTERtaiNmEnT Studio for
shooting and editing, plus actors 30,000
Total $45,000
In addition, the digital film could be bumped to 35 mm for theatrical
showing for another $40,000, and this cost will disappear as digital
projection in movie theaters becomes widespread.
Kanakaris recently announced a Movie Partner Program which enables
mainstream websites to provide all of the www.KKRS.Net movie content at
no cost to the web site, and with revenue sharing. Kanakaris is also
allowing both film and t.v. producers to show their programs in
multiple access speeds, from 56k to Broadband, for a total cost of $5,
000.
Further information on Kanakaris: Kanakaris provides full-screen,
full-length online motion pictures and secure direct over-the-Internet
book delivery at the KKRS.NetWork (www.KKRS.net), as part of its
eCommerce "World Downloadable Content Leader" package of services.
Kanakaris Communications is publicly traded on the OTC Bulletin Board
and in Germany. For further information on Kanakaris Communications
(www.kanakaris.com), contact Colby Marceau, director of Public/Investor
Relations, at 714/444-0560; fax: 714/549-8970; e-mail:
info@kanakaris.com; 3303 Harbor Blvd., No. F-3, Costa Mesa, Calif.
92626.
Microsoft, Windows Media, and Windows Media 4.0 technologies are
registered trademarks of the Microsfot Corporation. This news release
contains forward-looking statements within the meaning of the Private
Securities Litigation
Reform Act of 1995 (the"Act"). In particular when used in the preceding
discussion, the words "plan," "confident that," "believe," "expect,"
"intend to" and similar conditional expressions are intended to
identify forward-looking statements within the meaning of the Act and
are subject to risks and uncertainties, and actual results could differ
materially from those expressed in any forward-looking statements. Such
risks and uncertainties include, but are not limited to, market
conditions, competitive factors, the ability to successfully complete
additional financings, and other risks.
SOURCE Kanakaris Communications, Inc.
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com
CONTACT: Colby Marceau, director of Public/Investor Relations of
Kanakaris Communications, Inc., 714-444-0560, fax: 714-549-8970,
info@kanakaris.com
/Company News On-Call: prnewswire.com or fax,
800-758-5804, ext. 121430
WEB PAGE: netmoviemania.com
kkrs.net
kanakaris.com
GEOGRAPHY: California
INDUSTRY CODE: MLM
ENT
SUBJECT CODE: PDT
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