One company that is starting to earn respect on Wall Street is Belltower Entertainment. Based in Los Angeles with a satellite office in Shanghai, China, Belltower is a fully integrated film entertainment company that is complemented by strategic production and finance partners throughout the world. Today, Belltower took a major step towards enhancing its future with the announcement they have entered into a joint venture with Three-Thirteen Productions.
The joint venture will allow Belltower to finalize plans to build a film production studio in the Greater Orlando (Florida) area that will serve as a venue for the production of commercials and infomercials as well as soundstages and television sets for direct response programming that Belltower will co-produce with its DRTV production arm.
The facility will be rented on a per diem basis usually by the marketer who provides the script, copy, actors and related personnel for the production of the infomercial at a rate of $15,000 to $50,000 per day dependent on the equipment needed. Belltower has finalized negotiations and entered into a formal agreement with Three-Thirteen Productions (TTP) to build out the facility and share 50% ownership with TTP in all revenue streams generated from the facility.
This new facility will be utilized as a post production facility for films currently under development or production. Belltower’s anticipated revenue from TTP will be used to reduce financing requirements for the Independent Film Division of the young company, thereby allowing Belltower to fund at least one feature film per year in-house and therefore retaining full ownership and back-end profits in such films.
To learn more about Belltower Entertainment, visit the company website at: www.belltowerfilms.com.
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