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Tuesday, June 15, 2010
Stratus Media Group, Inc.
STRATUS MEDIA GROUP, INC. ANNOUNCES AGREEMENT WITH WILLIAM MORRIS ENDEAVOR ENTERTAINMENT, LLC FOR PERUGIA FILM FESTIVAL
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Stratus Media Group, Inc. (OTCBB:SMDI), a live entertainment company, announced today that it has entered into an agreement with the William Morris Endeavor Entertainment LLC ("WME") with respect to WME's consulting services in connection with the development and promotion of the 2011 Perugia, Italy Film Festival Stratus has an exclusive ten-year agreement to own, operate and control all rights of the International Film Festival in Perugia, Italy, in partnership with the Province of Perugia and the Municipality of Perugia.
WME will provide strategic counsel to insure that the Perugia Film Festival is a unique celebration of the fine art of films and a destination for industry leaders, directors, producers, actors, artistic directors, curators, jury members and artists in residence. WME is also tasked to secure sponsors and branding partners for the Perugia Film Festival.
Paul Feller, President of Stratus said, “It is very exciting to work with William Morris Endeavor to launch a world-class Film Festival that focuses not just on the films, but on the film-making industry and its future technology. Perugia is truly a magnificent setting and we believe it will be the ideal location to establish a world class premier film festival. WME is the logical partner to assist Stratus with the creative development, sponsorship and branding to attract the most dazzling talent from all around the world.
Emanuele Rossi, Vice President - International Business Development Europe of Stratus said, “From the earliest days, I have strongly believed that WME was the right partner for the Perugia Film Festival. I am very excited for the opportunity to work with William Morris Endeavor team to develop this festival from the ground up.
National Geographic magazine has labeled Perugia as “The sexiest small city in the world.” Engulfed in beautiful old world architecture, Perugia establishes a unique blend of a sensual atmosphere mixed with historic charm. The various theatres in which the films will premiere are exquisite and unlike any others in the world. The city is filled with unparalleled five star hotels located within beautifully restored castles as well as palate satiating food and rare specialty stores.
The Perugia International Film Festival, is intended to be a premier international film festival focusing on the industry of film and technology. Current plans are to showcase its preliminary launch in 2010 and to have its full-scale festival in 2011. Already in place are regional and international corporate sponsor support, premier venues provided by the city and the support of the city and the regional governments of Perugia and Umbria.
About Stratus Media Group, Inc.
Incorporated in November of 1998, Santa Barbara-based Stratus Media Group is an owner, operator and marketer of live entertainment and sporting events. The company is primarily focused on internal growth and acquisitions within the live entertainment-related market, including action sports, automotive shows, college sports, food events, motor sports, music concerts and festivals, running events, diversified media marketing, trade shows and expositions, and talent management. In addition, the company intends to expand its consumer rewards marketing and redemption activities through its Stratus Rewards Visa White Card -- providing exclusive redemption benefits to its cardholders in the form of VIP event access, luxury trips, private jet travel, luxury automobiles, high-end merchandise and other rewards for specified levels of use.
For more information on Stratus Media Group, Inc., go to www.Stratusmediagroup.com.
About William Morris Endeavor.
WME (William Morris Endeavor) Entertainment is one of the largest and most diversified entertainment agencies with offices in New York City, New York; Beverly Hills, California; Atlanta, Georgia; Nashville, Tennessee; London, England; Miami Beach, Florida; and Shanghai, China. WMA represents clients from all artistic disciplines, including motion pictures, television, music, theatre, publishing, commercials, sports, digital media, and video games. William Morris Consulting works with consumer brands to create entertainment-based marketing strategies.
Forward Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors which include but are not limited to risk factors inherent in doing business. Although the company's management believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Contacts
Stratus Media Group, Inc.
Christine Kolenik, 805-884-9977
publicrelations@stratusmediagroup.com
Facebook: http://www.facebook.com/pages/Stratus-Media-Group-Inc/139769168668?ref=ts
Twitter: http://twitter.com/stratusmedia
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