M8 Entertainment Inc. ("M8" or the "Corporation"), a leading Canadian film entertainment company engaged in the production, financing and worldwide licensing of theatrical feature films, reported today the successful completion of the previously announced acquisition by Mediamaster Limited (the "purchaser"), a wholly-owned subsidiary of Cyber On Air of 1,315,333 class A multiple voting shares, 79,414,501 class B subordinate voting shares and 130,891,920 series C preferred shares of the Corporation, together representing approximately 51.0% of the total voting rights attached to the issued share capital of the Corporation, from Music Box Entertainment Limited ("Music Box").
The Corporation and its subsidiaries are principally engaged in the acquisition, financing, production and worldwide licensing of theatrical feature films in a variety of genres. Its theatrical releases include the critically acclaimed drama Monster, which stars Charlize Theron and Christina Ricci and for which Charlize Theron won the Academy Award for Best Actress. Following Monster's success, the Corporation is nearing completion on a number of feature films, including Running Scared, a big budget action/drama by acclaimed director Wayne Kramer (The Cooler) and starring Paul Walker (The Fast and the Furious); and Lovewrecked, a charming teen comedy starring Amanda Bynes (What A Girl Wants) and directed by Randal Kleiser (Grease, Honey I Blew Up the Kid).
M8's next release will be The Upside of Anger, a dramatic comedy written and directed by Mike Binder and starring Academy Award nominee Joan Allen and Academy Award winner Kevin Costner. The film will have its gala premiere at the 2005 Sundance Film Festival, and will be released theatrically in the U.S. by New Line Cinema on March 11, 2005. |
