Sun Center Studios Corporation is Raising USD 50 Million in Equity to Develop its Film and Television Production Studios

May 19, 2015, 09:00 ET from Sun Center Studios Corporation

GENEVA, May 19, 2015 /PRNewswire/ --

Sun Center Studios Corporation announced today the opening of a Private Offering to raise USD 50,000,000 for 13.968% of the capital.

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Sun Center Studios is positioning itself to become the East Coast's first entertainment destination unifying a full-service motion picture studio, a movie-themed visitor attraction, a special event center and hotel.

The declared ambition of Sun Center Studios is to be a film and television production hub as well as a premiere east Coast entertainment destination for national and international guests and thus the quintessential "Hollywood East".

Sun Center Studios will offer:

  • A Studio with 3 sound stages fully equipped
  • A Visitor Attraction (7 attractions have been developed)
  • An Event Center to host social and corporate events
  • A Hotel with 125 rooms to welcome all the clients from the Visitor Attraction and Event Center.

Sun Center Studios focuses on developing and exploiting both established and emerging platforms for media and entertainment and has already hosted the production of two major feature films ("After Earth" and "Paranoia") and multiple commercials for global brands.

Jeffrey ROTWITT, lawyer and founder of Sun Center Studios, declared: "Sun Center Studios promises to be a major attraction for the film and television industry, and for all of us who love the movies […] Sun Center Studios will generate hundreds of new and good-paying jobs in our region, and it promises to help make Philadelphia one of the hottest places in the country for film and television production."

Marc DESCHENAUX, founder of Deschenaux, Hornblower & Partners LLP, legal advisor, declared:

"I have the conviction that Sun Center Studios is the Hollywood East Coast Studios. I am very confident in the success and in the development of the company."

Financing will be an equity private offering immediately followed by an Initial Public Offering on NASDAQ.

Copies of the Private Offering Memorandum are available free of charge from Sun Center Studios Corporation.

Telephone: +1-610-492-7600

SOURCE Sun Center Studios Corporation