March 25th, 2015 – Beverly Hills, CA – Quizam Media Corporation (“Quizam” or “the Company”) (QQ:CA) , through its President Russ Rossi, today announced that it has completed negotiations with Clarius Entertainment, LLC, to provide a $6.25 million USD revolving credit facility as part of a $25 million financing for the marketing and distribution of feature-length motion pictures in North America.
“Participating with Clarius, a leading distributor of independent films, is a critical piece of our long-term entertainment strategy”, said Russ Rossi, CEO of Quizam. “Clarius has an impressive slate of films for 2015 and beyond. We’re veryexcited to contribute to the company’s success,” continued Rossi.
“We are thrilled to have Quizam as a capital partner”, said William Sadleir, Clarius Entertainment’s CEO. “We commend Russ and his colleagues at Quizam for their thoughtful analysis of the economic merits of participating in film distribution”, said Sadleir. “Marketing and distribution capital is last-in, first-out, and is traditionally a more predictable income stream,” continued Sadleir.
“Besides a monthly income stream from our initial participation with Clarius, the terms of our deal include attractive bonuses tied to box office results”, said Rossi. “We also have the option of increasing our participation with Clarius, as the company’s slate of films increases.”
About Quizam Media and ontrackTV
Quizam Entertainment is a wholly owned subsidiary of Quizam Media. Quizam Entertainment is a producer, aggregator, marketer and broadcaster of movie entertainment – www.quizamentertainment.com
About Clarius Entertainment
Clarius Entertainment is a wholly owned subsidiary of privately-held Clarius Capital, Inc., a Beverly Hills-based company. Clarius Entertainment delivers studio-quality marketing and distribution services to established film producers who value creative independence, lower distribution fees, and transparent accounting. Clarius Entertainment releases films theatrically, and currently sub-distributes DVD/Blu-ray, VOD, and EST through 20th Century Fox Home Entertainment. (www.clarius.com)
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