LOS ANGELES and ROWAYTON, Conn., Jan. 8, 2014 /PRNewswire/ -- StarStream Entertainment (OTCQB: SSET) is reporting the first initial revenues for the newly public entity, which ends an already superb Q4 on a high note. StarStream Entertainment is reporting Q4 fiscal 2013 Revenues of approximately $200,000, upon receiving the company's first revenue derived from their film investments in StarStream Films LLC.
The Q4 highlights for StarStream Entertainment include becoming a public company, the completion of a distribution deal with Lionsgate Entertainment for the StarStream produced "Life of Crime" (Jennifer Aniston, Tim Robbins) out of the Toronto International Film Festival and the selection of their highly awaited zombie-filled film "Life After Beth" (Aubrey Plaza, John C. Reilly, Molly Shannon) in the U.S Dramatic Competition at the Sundance Film Festival this year.
"In just under a year as a company, StarStream has translated strong management performance into revenues for the company," said SSET's Chief Executive Officer Kim Leadford. "It's quite a feat for any company, let alone a motion picture production company, to generate first revenues in year one. It speaks volumes to the strength of our feature film production team to identify motion picture projects that have strengthened our financial base as we continue to build this company."
About StarStream Entertainment:
StarStream Entertainment is a theatrical motion picture production and financing company focused on producing and financing edgy, high quality motion pictures with strong cast and lean budgets for a commercial audience.
Certain statements contained herein may be forward-looking and involve risks and uncertainties. Such forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of those forward looking statements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Such potential risks and uncertainties include, without limitation, the substantial investment required to produce and market films, increased cost to produce and market motion pictures, our ability to raise capital, unpredictability of the commercial success of our motion pictures, the effects of disposition of businesses or assets, technological changes and other trends affecting the entertainment industry, and the risk factors as set forth in StarStream's filings with the Securities and Exchange Commission on January ... 2014
SOURCE StarStream Entertainment