LOS ANGELES, March 3, 2015 – Inception Media Group, LLC, a Los Angeles-based media company specializing in the acquisition, licensing and distribution of motion pictures and other filmed entertainment, has executed a Letter of Intent to sell a controlling interest in the company, including its wholly-owned foreign sales subsidiary, Inception Film Partners, LLC, to Toronto-based Cameron Thomson Entertainment Ltd., a division of Cameron Thomson Group Ltd., and a leading television entertainment firm specializing in developing, financing, producing and distributing international lifestyle, drama, documentary and animation programming for worldwide audiences. Pending satisfactory completion of due diligence the proposed acquisition is expected to close within 45 days.
Inception Media Group, combined with Inception Film Partners, offers producers and content creators a worldwide distribution solution through its direct domestic retail agreements and network of licensing and distribution partners around the globe. The proposed acquisition will provide the companies with greater access to capital and other resources that will enable them to evolve and expand all facets of their respective businesses, including content acquisition, production and development, worldwide licensing, sales and distribution. The proposed acquisition will provide Cameron Thomson with an established and proven global sales, licensing and distribution infrastructure.
Inception Media Group, LLC, founded in 2009, focuses primarily on the acquisition and North American distribution of independent feature films, episodic television series, documentaries and other filmed entertainment. The company boasts a catalog in excess of 150 filmed entertainment properties and over 2,500 hours of digital content. The company has a well established distribution infrastructure and direct sales agreements with the industry's leading television networks, online retailers, VOD and streaming providers, video retailers and wholesale distributors. In addition to its proprietary content the company also distributes programming on behalf of third parties. More information is available at www.inceptionmg.com.
Inception Film Partners, LLC, founded in 2013, is a foreign sales company focused primarily on the international distribution of feature films and television programming. The company exhibits at all major film markets and festivals around the world representing a wide variety of motion pictures to a global marketplace. More information is available at www.inceptionfilmpartners.com.
About Cameron Thomson Group Ltd.
Cameron Thomson Group Ltd. (“CTG”), is a business development company specializing in providing corporate development and investment banking services to the media, IT and entertainment industries. Cameron Thomson's expertise is in transforming business ideas into prosperous commercial opportunities. Cameron Thomson has a track record in building successful media companies that maximize the value of their intellectual properties globally through traditional media, the Internet, and via evolving broadband and wireless distribution mediums. Cameron Thomson Group is based in Toronto, Canada with offices in Milan, London and Los Angeles. For more information, visit www.cameronthomson.com.
Forward Looking Statement
The statements in this press release that relate to the Company's expectations with regard to the future acquisition of a majority interest of Inception Media Group, LLC are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. For purposes of this press release, the Letter of Intent has been signed but the acquisition is not yet consummated. There are numerous risks, uncertainties and other factors that may prevent the acquisition from being consummated in the timeframe indicated, or at all. These risks include, among other things, completion of the acquiring parties due diligence review and approval of lenders and/or investors necessary to finance and complete the acquisition.