Seven Arts Pictures (SAPXF.OB) Expects Revenues to Exceed $15 Million in 2008
Seven Arts Pictures (SAPXF.OB), an independent producer and distributor of feature-length, high-quality, low-cost films, recently announced revenues of more than $10 million in 2007 and profits of $2.2 million. The company anticipates revenues to exceed $15 million in 2008 and expects profits for drama, adventure and horror-comedy entertainment to post a significant increase in the months ahead. The company’s core business strategy is to finance, produce and distribute four to seven films per year with budgets of less than $10 million each and with built-in margins based on pre-sales of 30 to 50 percent. When combined with careful construction of…