One more post for me about PNEC.
Good luck to everyone:-)
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 |
