Corner Stone Pictures and OBX Capital Get Animated
By Corner Stone, 28 Jun 2005
Joint venture forms new animation company. The new venture is uniquely positioned to handle all aspects of financing and animation production as well as product merchandising, manufacturing and distribution, to be involved in Corner Stone Animation's programming.
Sherman Oaks, Calif., - Corner Stone Pictures, a Sherman Oaks, CA-based multimedia entertainment company, and Cary, N.C.-based OBX Capital Group today announced the formation of a new joint venture, Corner Stone Animation. The new company will operate as a subsidiary of Corner Stone Pictures.
The new venture is uniquely positioned to handle all aspects of financing and animation production as well as product merchandising, manufacturing and distribution, to be involved in Corner Stone Animation's programming, according to Corner Stone's CEO, Jon Knutson. "With their in-house design and development teams along with their years of experience with sourcing, manufacturing and distribution capabilities, our new venture will have complete control of all aspects of not only animation programming but will also include the necessary elements of getting product from concept through distribution as well," he said.
Helping to develop this joint venture will be OBX Production's Managing Director John Cummings who was most recently Vice President of Distribution for MGM Domestic Television. "Production has already started with the educational children's cartoon series, Betsy's Kindergarten Adventures targeted for children aged 1-6, with a full line of products being designed and merchandised to be launched simultaneously with the release of the series," says Cummings. "We are on a fast pace of continuing to put together the team that will complement each other in both the animation and the merchandising sides of our business," he added.
"We've formed a great relationship with OBX in our feature film production, so we're very excited about our partnership on our animation venture," said Michael Pietrzak Senior Vice President of Production for Corner Stone Pictures. "Their depth of experience in manufacturing, merchandising, and distribution is a welcome and valuable asset to Corner Stone Animation."
"The combination of Corner Stone's seasoned management and production team and our experience in merchandising and distribution gives us the ability to launch children entertainment properties in a way that no other company can," Cummings said. "Instead of simply discussing a business plan that would include merchandising, DVD distribution and financing, we are actually executing our entire plan with our own resources."
About Corner Stone Pictures Corporation
Corner Stone Pictures (www.cspics.com) is a multimedia entertainment company. The Company develops, produces and distributes a broad range of motion picture, sound track and TV youth oriented animation content through the following operating subsidiaries: Corner Stone Pictures LLC, Retirement The Movie LLC, Retirement Productions LLC, Spaghetti Park The Movie LLC and Betsy's Kindergarten Adventures LLC.
About OBX Capital Group
OBX Capital Group is a strategic business and private equity firm working with both public and private companies in a wide range of industries. OBX Capital focuses on companies that have significant market potential with uniquely positioned offerings.
The web site address is http://www.obxcapital.com, which provides more information about the company.
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