CORAL SPRINGS, Florida, August 4, 2016 /PRNewswire/ --
Global entertainment, theme-park & action oriented event stocks continue to evolve and develop through diversified verticals as few experts forecast the entertainment sector to top $2.23 trillion by 2019. Global theme park spending alone totaled an estimated $39.8 billion in 2014, up 6.3 percent from 2013. As far as entertainment and special action events, consumers continue to seek out tailored, inspiring content experiences that transcend platforms.
Sack Lunch Productions, Inc. (OTC: SAKL), reports total sales of $1,354,741 across all corporate and franchised events in North America for the month of July. Ticket sales for all North American corporate and franchised events were $1,032,547 and $322,194, respectively. The lion's share of ticket sales for July were generated by corporately run Slide the City® and The Lantern Fest® events. Our Green Endeavors, Inc. entities contributed $260,595 in realized revenues. GRNE's revenues were up from last year at its Landis Lifestyle Salons locations. Richard Surber, CEO of SAKL, commented, "During the month of July we held 39 events directly or through franchisees including: 31 Slide the City®, 1 Lantern Fest®, 3 Dirty Dash® and 4 Color Me Rad®. Shareholders can expect to see a spike in realized revenues for Q3 based upon the number of events being held including a spike in franchise fees collected."
Read the full SAKL Press Release at: http://financialnewsmedia.com/profiles/sakl.html
Surber, continued, "Some additional bright spots in this report are a high proportion of corporate ticket sales versus franchisee ticket sales as well as ticket sales for The Lantern Fest trending up. The last 4 days in July The Lantern Fest sold over $100,000 in tickets, the result of opening events for the fall." Readers should note that ticket sales are not recorded as realized revenues until the event(s) are held. Ticket sales made in advance of the event are booked as deferred revenues, a liability on the balance sheet, until the events are held. Furthermore, franchisee's ticket sales are not booked as SAKL revenues, only the franchise fees paid to SAKL. $89,011 in franchisee fees were collected for the month of July and $50,401 in sponsorship revenues were collected in July. Franchisee fees, sponsorship fees, international ticket sales and franchise fees are not included in the $1.615M system-wide sales number for purposes of this press release.
In other entertainment news and developments: Six Flags Entertainment Corporation (NYSE: SIX) News: Six Flags Magic Mountain's 24th season of Fright Fest® will be the biggest and scariest in the Park's history. The exciting line-up of new haunted attractions includes a new scare zone themed after the Warner Bros. Pictures, a divsion of Time Warner Inc. (NYSE: TWX) highly anticipated film, Suicide Squad, and the largest outdoor maze in the Park's history, Aftermath 2: Chaos Rising. The expansion also includes more roving "scare-actors" than ever before and an additional Fright Fest weekend, bringing the total to 19 event days. Regal Entertainment Group (NYSE: RGC), a leading motion picture exhibitor owning and operating one of the largest theatre circuits in the United States, also recently announced that early screenings at all RealD 3D Regal locations playing Suicide Squad will give away a collectible Joker Funko Pocket Pop! Key Chain. The Joker keychain is an exclusive giveaway to Regal Entertainment Group and will be available while supplies last.
SeaWorld Entertainment, Inc. (NYSE: SEAS) announced that it will release its second quarter 2016 financial results before the market opens Today, August 4, 2016. In conjunction with the release, the company has scheduled a conference call, which will be broadcast live over the internet, on Thursday, August 4, 2016 at 9 a.m. Eastern Time. The release and the conference call can be accessed via the company's website at http://www.seaworldentertainment.com by clicking on the Investor Relations link located on the upper right-hand corner of that page.
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