Corporate information

Regent Entertainment

Regent Entertainment finances, produces and distributes award winning, profitable theatrical and television motion pictures. With offices in Los Angeles, California and Dallas, Texas, the ten-year-old company produces and/or distributes at least twenty feature films annually. The company acquires films for distribution and maintains a substantial and expanding digitized library of over 3,500 titles. Regent has its own full-service motion picture studio (Regent Studios), international sales force (Regent Worldwide Sales) and movie theaters (Regent Theaters).

Mission

Regent's principle mission involves using its position as a premier producer and distributor of high quality, profitable motion pictures, to build a valuable library of motion picture copyrights and distribution rights.

Regent's Gods and Monsters, starring Sir Ian McKellen, Lynn Redgrave and Brendan Fraser, received three Academy Award nominations and won the 1999 Academy Award for Best Adapted Screenplay. Other awards included three Independent Spirit Awards, including Best Feature, Best Actor and Best Supporting Actress, Best Picture from the National Board of Review, three Golden Globe nominations, including the award for Best Supporting Actress, among numerous other international accolades. More than 100 critics placed Gods and Monsters on their Top Ten lists.

This film, completed for approximately $4 million, competed effectively for awards against major studio motion pictures budgeted at $50-$100 million. Regent's principals also received two Academy Award nominations for Tom and Viv, as well as numerous awards for One False Move and other motion pictures. Regent produced each of these films at a fraction of a typical studio budget. Regent's ability to manage expenses and to attract extraordinary talent, even within our self-imposed budgetary constraints, remains unparalleled in the industry.

Regent finances its own motion pictures utilizing bank debt and equity capital, presales and international subsidy programs.  Major banks and institutions consistently seek to finance Regent productions.  Currently, Regent is producing motion pictures in Canada, Hawaii, California and the Caribbean.

As a substantial provider of television movies, Regent has premiered I Saw Mommy Kissing Santa Claus, starring Connie Sellecca, Loyal Opposition, starring Joan Van Ark, Storm Chasers, starring Kelly McGillis, Britannic, starring Jacqueline Bisset, Paradise Virus, starring Melody Thomas Scott,  Monster Island, starring Carmen Electra, Tornado Warning, starring Thea Gill, Found, starring Joanna Cassidy and Snowman's Pass, starring Nicole Eggert. We maintain strong domestic relationships with ABC, NBC, CBS, Fox, HBO, Showtime, UPN, WB, USA, Lifetime, Sci-Fi and all other networks. After Regent's Twilight of the Golds, starring Faye Dunaway, Gary Marshall, Brendan Fraser, Jennifer Beals and Rosie O'Donnell, premiered on Showtime, it received two Cable Ace Nominations and a theatrical release.

Regent has television output arrangements in Spain, France, Greece, Turkey and many long-term customers in other territories. These output and ongoing sales relationships provide an ascertainable revenue source and a bankable financing component.

To showcase a mix of specialty/independent and commercial motion pictures, Regent strategically acquires theaters in the U.S. Meanwhile, Regent continues to nurture strong working relationships with national exhibitors for wider release of its films. Regent recently theatrically released Sordid Lives, Friends and Family, Showboy and The Hunting of the President. Current releases include Franco Zeferelli's Callas Forever, starring Fanny Ardant and Jeremy Irons, and Merchant Ivory's Merci Docteur Rey, starring Dianne Wiest, Jane Birkin and Vanessa Redgrave.

Regent, a leader in creating cost effective computer generated special effects, produces digitized entertainment for a variety of venues. Many Regent motion pictures have numerous digital special effects, implemented at a fraction of major studio costs.


The Current Market

There exists at this time a cyclical market opportunity to intelligently invest in motion picture rights. Specifically, a company with strong distribution capabilities in all markets can acquire motion picture rights for very reasonable prices. It is important to realize, however, that the appropriate time horizon for a conservative motion picture investment is seven to ten years. This permits rotation through two or three licensing cycles.

In the late 80's many companies financed their motion pictures with substantial video revenue. In the 90's, video distributors and retailers no longer needed a plethora of secondary video titles to fill their shelves. Rather, they placed increased emphasis on blockbuster studio titles (typically on a revenue sharing basis), thereby excluding smaller independent titles. Currently, video and DVD have returned as a consistent source of revenue for Regent, largely because of the failure of a number of independent companies and resulting shortage of quality independent product.

Over the last five years, the foreign market has exploded, principally caused by the privatization and expansion of television. Asian buyers have returned to the market and Germany plays an increasingly powerful role in international motion picture finance. Independent distributors and financiers have relied on the foreign market for the majority of potential film revenue.

Regent Theaters


Regent Theaters is leasing or purchasing theater locations in a number of key markets in the U.S. This enables Regent to ensure a meaningful domestic theatrical release, hold screens for a suitable duration and obtain strong international reviews. In addition, Regent has excellent working relationships with national exhibitors for broader distribution when appropriate. The company utilizes individual motion picture web pages and Internet marketing as an integral part of its theatrical releasing strategy. The prospect of a guaranteed U.S. theatrical release (by virtue of actually owning theaters) gives Regent a powerful advantage in acquisition and distribution negotiations. It also significantly enhances ancillary and foreign sale possibilities.

The company’s initial theater acquisition activities have focused on Los Angeles and Dallas-Fort Worth. These markets afford Regent the opportunity to effectively utilize its local operating and marketing expertise.

Regent owns the successful Regent Showcase Theater at LaBrea and Melrose in the heart of Hollywood, together with ancillary retail property. Regent leases the prestigious Regent Highland Park Village Theater in Dallas.

Domestic Television

Regent has domestic television relationships that are unparalleled in the independent production industry. Regent is a substantial independent producer of television motion pictures and has strong ties with ABC, NBC, CBS, Fox, PAX, HBO, Showtime, WB, UPN, USA, Lifetime, Sci-Fi and all other major cable and network buyers. This primary source of consistent domestic revenue requires constant management and intelligence gathering due to rapid changes in executive personnel, programming requirements and acquisition attitudes.

Domestic Video

Regent has historically distributed its video rights via a combination of studio relationships and direct sales to distributors. Regent has developed a thoughtful strategy based upon aggressive pricing, consistent flow of quality star-driven or niche specialty product and effective marketing.  Regent has distributed its DVD and video rights through Fox, Sony, MGM and Image, as well as other major companies.

Recently, Regent has licensed rights directly to Blockbuster, the nation's largest video and DVD retailer. Regent's The Brotherhood series, Wolves of Wall Street and A Good Night to Die have been Blockbuster premieres.

International Sales

Regent Worldwide Sales has strong international sales capability and its sales estimates are accepted by all entertainment financiers for gap financing purposes. Often the company enters into output arrangements in various foreign territories. An output agreement with a distributor or network provides for the purchase of a specified number of films at a certain price over a period of time.

The company has successfully taken over projects from outside sales organizations which have under-performed. The key to this success has been a combination of aggressive marketing with patient relationship oriented service.

Regent sells its extensive and diversified motion picture library directly through its own foreign sales operations, Regent Worldwide Sales headed by Gene George and Meggan Kimberley. The company has established television out-put relationships in France, Italy, Turkey, Greece and Spain with others under negotiation.

Regent  has developed state of the art accounting and collection systems designed to handle its rapidly increasing international sales activity. It emphasizes customer service and nurturing of existing relationships. The management of this explosive growth will be a challenge and requires constant strategic analysis and attention to detail.

Increasingly, the company utilizes its corporate web site as an integral part of the international sales process and information dissemination. Trailers using state-of-the-art software such as Windows Media, Quicktime and Real Player are available, dramatically reducing mailing costs and increasing sales efficiency.

Regent is considered one of the most dependable providers of international television movies. The company's sales experience and reliable output relationships demonstrate that international sales will be a consistent source of revenue. Certain films generate additional revenue as European content or co-productions. This is a steady and reasonably predictable business given Regent's manufacturing capability.

Production Capabilities

Regent and its principals have a reputation for producing quality award winning theatrical motion pictures, including One False Move, Tom and Viv, Twilight of the Golds, and most recently, Gods and Monsters. These films are commercial projects with excellent casting, story-line and production values. They are in strong demand in the international market particularly with a meaningful U.S. theatrical release (generally 100 screens or more). Regent has demonstrated an extraordinary ability to produce films with budgets under $5 million which compete in terms of quality (storyline, cast and production values) against $50 to $100 million studio budgeted films. The key to Regent's success in this area is its reasonably budgeted films with strong stories able to attract excellent directors and actors, coupled with significant marketing.

Regent has the efficient capability to produce as many motion pictures as any major studio, but with a small fraction of the overhead and at much lower production budgets. Motion picture production is the ultimate virtual business. Each production may employ several hundred persons for a brief production period and upon completion, they all go away. This process is complex, challenging and intensive.

The process begins by reviewing hundreds of script submissions each month. Most of the scripts come from the major agencies and from established writers. Some come from television networks and other studios or producers. Regent’s development staff reads the scripts, prepares synopses and makes recommendations to senior management. A script which comes with a strong recommendation from an experienced or recognized source or has singular talent attached to it, will receive special attention.

The development staff meets weekly with senior management and the domestic and international sales executives to review potential projects with an eye to quality and salability in the market place. Once a script is selected, it is either optioned or purchased by Regent. Often scripts need revision to improve their quality and meet budget or broadcaster requirements. This is an arduous process of reviewing drafts, preparing detailed notes, discussing these notes with the writers, then further revisions and drafts, followed by further notes and discussions. The script is developed to the point that it is deemed ready for production.

Sometimes Regent will develop a story concept and employ a screenwriter to prepare a working script. Then the intense note giving and re-writing process continues until the script is ready.

A line producer will analyze and break down a final script scene by scene in order to prepare a preliminary budget. This is generally done for several locations and for different casting and possible variations in script. Regent carefully reviews and revises budgets to balance quality and commercial viability.

Once a project is deemed suitable for production, it must be properly financed. Unlike a major studio which merely draws on its corporate funds or bank lines of credit, independent motion picture financing is itself an art, requiring a sophisticated knowledge of debt, equity, pre-sale contracts, output relationships, governmental subsidies and various other sources of financing. Regent finances its motion pictures largely through off-balance sheet structures. As Regent has risen in stature in the industry, the availability of alternative financing approaches has increased dramatically. In addition, Regent is often asked to advise or take over when projects have financing or production difficulties.

Principal casting can begin once a film is financed, although some of these activities may go on simultaneously. Regent hires a casting director for each production, but closely manages this process and approves all hires. It is challenging to obtain the best talent at affordable prices, but Regent is particularly adept at this, being sensitive to talent career objectives, availability and other factors.

At the same time, unless already attached, a director and other principal production talent are hired and familiarized with the project, as pre-production commences. A variety of important tasks are preformed at this time including final location scouting and selection, hiring of the crew and scheduling of principal photography, building of sets, acquisition of costumes and props, final budgeting and establishment of a definitive business plan for the production. Regent emphasizes the pre-production period because careful planning at this stage will reduce costs and avoid problems during principal photography.

Principal photography on a Regent film is expertly managed and generally takes four weeks, a fraction of major studio time lines. This is the most expensive aspect of motion picture production and careful management is important. Regent’s principals are experienced in the delicate give and take of this process. Management trouble shoots problems and takes required action while being sensitive to the creative prerogatives of the director and the cast.

Upon completion of principal photography, editing is completed and music and special effects are added. The motion picture is meticulously and gradually brought to its completion. Increasingly, digitized special effects and processes are utilized to enhance motion picture quality and control costs. Then the elements necessary for physical and electronic delivery to domestic and international buyers are created.

Conclusion

Regent Entertainment is a unique motion picture company, capable of award winning creativity and run by level headed businessmen who have experience and perspective. The company’s multi-faceted, fully integrated approach to the entertainment business is a “closed loop” solution, comprised of creation, development, production and distribution, both on and off line.

Regent’s principal mission is to capitalize on its position as a premier producer and distributor of high quality and profitable motion pictures in order to build a valuable library of motion picture copyrights and distribution rights combined with strong international distribution in all markets.