Sounds good to me.
Planet Entertainment Inc.
BACKGROUND
In 1996, Planet Entertainment, Inc. was formed to take
advantage of this highly lucrative industry. The Company has
various assets, however there are three major assets, first and
foremost. the talent, background, and knowledge of the
Company's President and Chief Executive Officer, Joseph
Venneri.
Joseph Venneri is world renowned in the music and recording
industry. With his thirty eight year background, Joseph Venneri
brings to the table both domestic and international contacts
within the entertainment industry.
Mr. Venneri began his highly successful career as an artist in the
original musical group "The Tokens " whose career with RCA
Records produced such hits as "The Lion Sleeps Tonight"
(recently remade for the highlv successful Walt Disnev
Production "The Lion King"), "Tonight I Fell In Love. " and
"Portrait of 'My Love" which became a "Top Ten" Hit in the
United States.
Mr. Venneri's talents range across the entire spectrum of the
music industry. He is a proven natural as a musician, with talent
spanning from writer, producer, and engineer to a Master in
"World Class " Studio Design and Building.
His experience in the recording industry is unsurpassed in
engineering, producing and/or writing for such major artists such
as: Cher, Michael Bolton, Sammy Davis Jr., Roger Miller, Jerry
Lee Lewis, Johnny Cash, Bob Marley, Chuck Berry, The Rolling
Stones, Tony Bennet, Neil Diamond, Gladys Knight and the
Pips, Kenny Rogers, Willie Nelson, Pavarotti and the list goes on
and on. He has produced, engineered or co-produced more than
100 Gold Records during his thirty eight years in the music
business.
His latest endeavor being the co-producer of the Bob Marley CD
entitled; "Soul Almighty" which is now Platinum and according
to "Billboard" Magazine's June 22, 1996 issue is Number 1 in
"Top Reggae Albums."
As if that wasn't enough, the Companies second asset is that in
this thirty eight year period, Mr. Venneri has accumulated a
"Master Catalog" of in excess of 15,000 original recordings.
These original recordings may be reproduced in a variety of
highly profitable transactions such as redistribution of the original
recording, remakes with different artists or the potential sale to a
major label (which is a customary practice in the record
industry).
The stronger the catalog, the greater the acquisition price.
Another avenue being the motion picture industry which
frequently uses prior recorded hits as themes and background
music for their films (The "Lion King" a prime example).
The Companies third major asset being its expertise and
technology which will failitate taking advantage of the "Enhanced
CD' market. The Enhanced CD combines traditional audio CD
tracks with computer based CD-ROM data such as video, lyrics.
photographs, discography's. and text.
This new format allows for a single compact disc to play
traditional audio tracks on any CD audio player and, in addition,
the same disc can be enjoyed on multimedia computers.
Therefore, one single compact disc, Enhanced CD. can be
released for playback on CD audio players and multimedia
computers.
Planet Entertainment, Inc. is positioned to take advantage of
these and other opportunities which have become available in the
entertainment industry.
CONCEPT
The Company currently produces. licenses, acquires, markets
and distributes high quality recorded music for all varieties of
music, video and motion picture formats. The Company and its
wholly-owned subsidiaries currently produce music for the Adult
Contemporary. Classical. Country, Gospel. Blues, Rock & Roll,
Rap and Reggae formats. primarily under the Ornyx Records.
Planet Entertainment, Century Records, Black Tiger, Magnum
and the Higher Ground Labels.
The Company specializes in markets both domestic and
international that the company based in its own experience,
industrv sources. and sales figures, offer growth and the
maximum profit potential. The Company has targeted Gospel as
an example of such a market with the recent acquisition of
"Higher Ground," which has been in the Gospel music business
for approximately 10 vears, with many songs cunently on the
charts today. Higher Ground is an example of how the Company
plans to acquire additional catalogs. The Company is currently
seeking additional catalogs for purchase or leasing rights.
The Company also expects other markets, such as restoration of
"Old Masters" leading to rerecordings to become an increasing
percentage of net revenues. The Company, through its own
production studio, Panther Studios, located in Jackson, New
Jersey is set to release recordings in almost all music venues
from current catalogs owned and licensed.
Planet Entertainment, Inc. is rapidly moving into its marketing of
it's Master Catalog and its ability to develop the catalog with the
Enhanced CD. The Company plans on generating 100
compilation albums from its existing catalog per year and 5
albums with new talent per year as well.
All products from Planet Entertainment, Inc. are protected by the
trademark and copyright laws.
There's more. Does KTEL have a FILM DIVISION?
PLANET ENTERTAINMENT'S FILM LIBRARY
PRODUCT/SERVICE DESCRIPTION
Many opportunities exist within a merchandising-communication
niche of the entertainment industry for corporations that are
streamlined, efficient and experienced- corporations, that have
products of high quality, sustainable shelf life and the means to
deliver them expeditiously.
Planet's focus has been to both identify a film industry niche and
to fill it. To effect that purpose, Planet adopted a business
strategy based upon an extensive film library totaling, 600 and
negotiating an additional 2,000 films on a joint venture/purchase
status. The titles respecting these motion pictures and television
series represent the combined work of internationally renowned
artists and directors spanning several decades of achievement.
These renowned artists, include: Edward G. Robinson, Mickey
Rooney, Peter Lorre, Cary Grant, Alfred Hitchcock, Gloria
Swanson, Irene Dunn, Buster Keaton, Audrey Hepburn, John
Wayne, Lon Chaney, Charles Bronson, Joe Done Baker,
Richard Burton, Lloyd Bridges, Roger Moore, Telly Savalas,
Burt Reynolds, Yul Brenner, George Segal, George C. Scott,
Robert Blake, Sophia Loren, Rod Steiger, Lee Majors, James
Coburn, Jack Nicholson, Jamie Lee Curtis, and Brooke Shields.
The enhancement of consumer awareness respecting such
artistic achievement is of paramount importance to Planet in the
presentation of its film library product to the general public.
As technology has developed and consumer awareness grown,
the video market has matured due to the rapid proliferation of
both broadcast and retail venues. Broadcast and sell-through
videos containing motion pictures, television series, and
educational programming packaged for consumer entertainment
and informational value has instilled new life within the
entertainment industry.
The emergence of the Information Age, and the rapidly changing
social, economic, and technological landscape has created new
and demanding markets for Classic films which now have several
additional lives due to broadcast, home videotape and laserdisc.
Even more revenue avenues can be expected as the new DVD
becomes a reality this year and will turn over the entire library
into this new format which will become a key corporation asset
and revenue producer.
As technology has developed and consumer awareness has
grown, the Video market has matured due to the rapid
proliferation of both broadcast and retail venues. Broadcast and
sell-through videos of motion pictures, televison series, and
educational programming packaged for consumer entertainmeM
and informational value (as content for the Information Highway)
have instilled new life within the entertainment industry.
The emergence of the Information Age and its continuous
requirement for content have created new and demanding
markets for films which now have several additional lives due to
(among other matters), broadcast, home videotape, laserdisc, CD
ROM and Video On Demand. Additional revenue avenues can
be expected as further electronic and retail technologies emerge
such as: Smart TV, DVD and White Book.
DEMAND FOR MEDIA LIBRARIES HEATS UP
The value of film and music libraries has increased dramatically
in recent years with the advent of cable television networks,
home video and satellite networks. Demand for programming is
straining supply, creating a renaissance of classic films and
earlier music productions. Media libraries have now become one
of Hollywood's - and Wall Street's-most sought after asset.
When Viacom acquired Paramount Communications, it paid an
estimated $3 billion for Paramount's film library which contains
some 1,000 feature film and television programs. In many
instances, Paramount did not actually own the films, but only the
distribution rights.
Turner Broadcasting acquired the Hanna-Barbera animation
library for more than $300 million. Turner also acquired two
producers of feature films with a total cost exceeding $450
million. The combined libraries of these two companies contain
fewer than 300 features.
Most of the larger recorded music recorded music businesses
came under new ownership during the past decade. Large audio
equipment manufacturers- Sony, Matsushita, and Phillips- have
acquired various recorded music businesses.
DOMESTIC & INTERNATIONAL MARKETS
Standard & Poor's estimates that US consumers spent $42 billion
of filmed entertainment last year. Cable TV service accounts for
about half of the amount, followed by the rental or purchase for
video tapes (just under 40%) and movie theater tickets (abut
14%). This is in addition to the billions consumers pay indirectly
for network TV programming.
The international demand for film and music entertainment has
reached new levels, fueled by the advent of new media
technologies and the deregulation of national broadcasting
systems. The European market alone contains some 350 million
viewers-50% more that the United States. Several areas of the
world, such as the People's Republic of China, are opening to a
variety of US entertainment sources for the first time.
The advent of home video dramatically increased demand for
films new and old. Worldwide home video now supplies 40-45%
of film distributors' revenues.
The computer version of the compact disc, the "CD-ROM",
allows large amounts of data to be accessed quickly and easily.
Last year,15 million computers were sold with CD-ROM
drives-more than doubled the amount sold in 1995-and virtually
all new home computers come standard with these drives. This
year,1997, with the advent of the DVD-ROM, computers will
have access to full motion video, the future of film libraries. This
trend creates a growing market for the interactive music CDs
produced by Planet Records.
Mr Metals |
