Superior Venture Corp. Revenues Up 25-40% Following Chinese Market Success
December 11, 2012
U.S.-based Superior Venture Corp.'s subsidiary company Illustro Pictures Limited is expected to continue its growth within the Chinese movie market after several years of 25-40 percent annual growth.
Said President and CEO Brian Hammond, "We are seeing a huge demand for Chinese domestic films to fill the roughly ten new movie screens that open in China daily, making it the fastest growing and second largest movie market on the world. The leading Chinese studios that we have developed relationships with are looking at multiple projects, all of which could use the co-development and production capabilities of our subsidiary, Ilustrato Pictures. We believe that the 25% to 40% plus growth that resulted in record box office for China in 2012 directly benefits our Company. We are out to capture significant co-development projects that utilize our talented writing, development and production resources. With that kind of growth, we could see multiple large scale projects developed within 12 to 24 months."
Illustro is also in the process of multiple co-development agreements with various Chinese film studios.
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