LOS ANGELES, March 26, 2012 (GLOBE NEWSWIRE) -- Empire Post Media Inc. (OTCQB:EMPM) has decided to take, in house, the distribution chores previously contracted to The Fremantle Corporation with the addition of six-time Emmy nominee Stuart Schwartz to the production team of "Journey Beyond" as executive producer and showrunner.
Empire CEO Peter Dunn stated, "The addition of Stuart to the team, along with his great pedigree and connections in the television business, provides an opportunity to manage the distribution of our products in-house, thus eliminating third-party sales costs and commissions thereby increasing bottom line revenues to the company.
"Due to the global popularity of the 'Journey Beyond' genre, projected revenues, assuming a five year run, and based on current market data, are estimated at $35,000,000, with each episode in the first season expected to generate approximately $260,000, and growing to over $400,000 per episode in the fifth year, not including revenue from the 3D version, which could be substantial," Dunn added.
Empire has previously announced a $1,500,000 finance facility, in place, to produce the show.
Schwartz, a former top executive with Cosgrove/Meurer, has produced 174 episodes of perennial TV hit "Unsolved Mysteries."
"Journey Beyond," which was created by Ellen Fontana and Richard Mann, principals of Empire's wholly owned subsidiary Hybrid-Reality Entertainment, deals with paranormal and psychic events, based on the real stories of real people. The show is being produced in 3D for delivery in 2D HD and 3D.
Further information about Empire Post Media can be obtained from the company's web site, www.empirepostmedia.com.
www.hybridrealityentertainment.com.
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