RINCON, Ga., Oct. 28, 2015 /PRNewswire/-- FONU2, Inc. (OTCQB: FONU) ("FONU2", "Moon River" or "Company") announced today that in association with, and as procured by Magna Entertainment, the Company has signed agreements for the distribution of Yellow by Screen Media Ventures, LLC ("Screen Media").
Yellow is a unique dark comedy written and directed by Nick Cassavetes (The Notebook, The Other Woman) and stars Sienna Miller (American Sniper, Foxcatcher), Melanie Griffith (Working Girl, Bonfire of the Vanities), Heather Wahlquist (Alphadog, The Notebook), and Ray Liotta (Goodfellas, Terminator 2) and others.
"This is my favorite film I have ever made," Cassavetes said, when asked about Yellow.
Domestically, the film will be released theatrically in top markets followed by a worldwide digital release. The Company will later announce the official U.S. release date, which is expected to be in the first quarter of 2016 to optimize commercial success. As part of the agreement, Screen Media will also manage all foreign sales. As one of the largest independent suppliers of motion pictures, Screen Media is a source of high-performance titles with proven box-office and strong cast appeal, including stars such as Keanu Reeves, Antonio Banderas, Paul Newman, Mike Myers, Penelope Cruz, Susan Sarandon, Melanie Griffith, Al Pacino, Jude Law, Kim Basinger, Kevin Bacon, Nicole Kidman, Brad Pitt, Jean-Claude van Damme, Robin Williams and Patrick Swayze.
"We are thrilled to be facilitating the release of Yellow, as this film has so much potential for the benefit of many stakeholders," said Jake Shapiro, Chairman of FONU2. "As one of the great artistic and commercially successful directors, Nick Cassavetes' films have averaged over $44 million in box-office per film and grossed in excess of $542 million worldwide."
About Screen Media Ventures LLC
Screen Media Ventures, LLC ("Screen Media") is a leading global independent motion picture distribution company with a broad distribution network that includes U.S. and international theatrical, home video, television, cable and new media distribution, with one of the largest independently owned motion picture libraries. The company was founded in 1999 and is headquartered in New York City.
In the U.S., Screen Media has launched over 16 syndication packages of motion pictures to broadcast television stations on both a cash and barter basis, making Screen Media the largest independent supplier of motion pictures to the U.S. broadcast markets. In addition, Screen Media licenses programming to basic and pay cable outlets including HBO, Showtime, Starz, Turner, Lifetime, A&E, Encore, Sci-Fi Channel, Court TV, Hallmark, and U.S.A. Networks.
Internationally, Screen Media's distribution activities cover all media throughout the world. The Company's client base includes broadcasters, video distributors and new media providers with high visibility at every industry trade show, including NATPE, Berlin, The American Film Market, MIP-TV, MIPCOM, DISCOP, the Asian Television Forum, and the Cannes Film Festival.
About FONU2 Inc.
FONU2 is a publicly traded company that operates under the name Moon River Studios. Moon River has a public private partnership with the Effingham County Industrial Development Authority, and the State of Georgia, to develop a full service film production facility in Effingham, Georgia. Moon River's camera, grip and electric equipment rental subsidiary serves coastal Georgia and beyond. For additional information, visit our Website, www.Fonu2.com. You can also follow us on our social network, Facebook, Google + and Twitter.
Safe Harbor Statement
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned or required capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, the company. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, and other risks and uncertainties described in the Company's periodic filings with the Securities and Exchange Commission.
SOURCE FONU2, Inc.