Amcomri also provides update on “The Frontier” and “Scrublands”
VANCOUVER, BRITISH COLUMBIA, June 07, 2023 — Amcomri Entertainment Inc. (“Amcomri” or the “Company”) (NEO:AMEN) (OTC:AMNNF) (Frankfurt:25Y0) a global producer and distributor of independent movies, TV series and documentaries, today announced that its television and documentary subsidiary, Abacus Media Rights (“Abacus”), is providing funding and international distribution for the three-part docuseries, “Paid in Full: The Battle for Payback”. The project is a collaboration between Supercollider, Green Door Pictures and Pink Towel, and has been commissioned by CBC and the BBC. With the production connecting different eras in music history while highlighting racial inequality, the involvement of Amcomri Entertainment underscores a commitment to supporting impactful independent productions and addressing important issues within the industry.
“We are seeing ongoing strong demand for independent content, particularly on the TV side of our business,” said Robert Price, Chief Executive Officer of Amcomri. “Our subsidiary, Abacus Media Rights, continues to represent and invest in a diverse repertoire of TV productions. Its titles have garnered international recognition with nominations at prestigious award ceremonies such as the Irish Film & TV Awards, BAFTA TV Awards, RTS Awards and the True Crime Awards 2023. Notable productions such as “The Ghost of Richard Harris,” “The Masked Singer”, and “Mariupol: The People’s Story” have received international accolades, showcasing the exceptional quality and caliber of content represented by Amcomri Entertainment.”
Amcomri also announced that Abacus secures pre-sales and sales for highly regarded titles such as “We Need to Talk About Kanye”, “The Frontier” and “Scrublands”, ensuring broad distribution across European and North American markets. Abacus has also retained international sales distribution rights for the acclaimed series “Hope Street” and acquired global rights for the Emmy-nominated series “Legacy List with Matt Paxton”, expanding the global reach of Amcomri Entertainment’s extensive portfolio.
In addition, the Company issued 500,000 restricted share units of the Company (the “RSUs”) to Robert Price, Chief Executive Officer of the Company pursuant to the Company’s omnibus equity incentive plan. The RSUs will vest in three equal instalments on each of September 30, 2023, 2024 and 2025 and will entitle Mr.Price to acquire up to 500,000 common shares in the capital of Amcomri or the cash equivalent of such shares, once vested.