FAMILY ROM ENT CORP (OTC:FMLY)
Industry: Services

Listed 13 Consecutive Market Days. On List as of 02/21/2006 Through 03/10/2006

Family Room Entertainment Corporation (FMLY), incorporated in 1969, is engaged in various aspects of motion picture entertainment, including development, production and production services. The Company develops, produces and performs production-related services for the entertainment industry mainly through three wholly owned subsidiaries: Emmett/Furla Films Productions Corporation (EFFP), Emmett Furla Films Distribution LLC (EFFD) and EFF Independent, Inc. (EFFI). EFFP is a motion picture development, production, and production-related services entity that primarily develops and provides production related services for high-budget motion pictures. EFFP's subsidiary, Good Entertainment Service, Inc., is a production-servicing company and has produced a motion picture Good Advice. EFFD is set up to contract with third parties for the worldwide distribution and/or exploitation of FMLY's entertainment properties. EFFI is setup primarily to develop and produce low-budget motion pictures. The Company operates through EFFI and EFFP contact the owners of the original materials, such as screenplays and books, with the intent of acquiring or licensing rights in and to those properties. EFFI and/or EFFP use those properties to attract creative talent (actors and directors) to the potential motion picture project. If successful, EFFI and EFFP then grants or licenses out those rights to third-party financiers of motion pictures, who will then contract with the creative talent EFFI or EFFP has attracted to the property, as well as finance, produce and distribute/exploit the motion picture. FMLY acquires or licenses rights to materials, which it believes motion pictures can be based (screenplays, books) referred to within the entertainment industry as the underlying property. The Company may develop an underlying property by contracting for additional writing services and/or by bringing in new writers to perform polishes or rewrites on a particular underlying property. If it is satisfied with the creative state of the underlying property, it will then make offers to directors and/or actors, to perform services in connection with a particular motion picture based on the underlying property. If a director or actors accepts one of FMLY's offers, the director or actors are said to be attached to the motion picture project. The Company does not distribute its properties to the home video, pay-per-view, pay cable of broadcast and/or basic cable markets. The home marketplace for FMLY's motion picture properties includes home video/digital versatile disc (DVD), which is the promotion and sale of videocassettes, DVDs and videodiscs to video retailers, including video specialty stores, convenience stores, record stores, online stores and other outlets, which then rent or sell the videocassettes and videodiscs to consumers for private viewing; pay-per-view television, whereby cable and satellite television subscribers to purchase individual programs on a per use basis; pay cable, which consists primarily of Home Box Office (HBO)/Cinemax, Showtime/The Movie Channel, Encore/Starz and a number of regional pay services, and Broadcast and basic cable television, whereby viewers receive, without charge, programming broadcast over the air by affiliates, independent television stations and cable and satellite networks and stations. FMLY's involvement with feature film production is in the area of the development of underlying properties. The Company engages third parties to produce, finance and exploit/distribute the motion picture packages it, through EFFI and/or EFFP, puts together. FMLY will also provide production expertise, production services to the third-party producer and/or financier of the motion picture. The Company derives its income from producer fees, consulting and service fees, as well as its participation in the profits of the various pictures produced by third parties, who were developed and/or packaged by FMLY.

Current Quote*
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As Of: 10/07 00:00 ET
*Quotes delayed by 20min.

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