Entertainment

As part of its Entertainment division, the Company has acquired 86.6 percent of the outstanding equity of Framepool AG (www.framepool.com), a leading provider of stock footage to producers of commercials, feature films, television, and other audio-visual programming. Framepool has 19 full-time and 8 part-time employees and is headquartered in Munich, Germany with operations in Los Angeles, New York, London and Paris. The Company will consolidate Framepool’s financial results commencing with the fourth quarter of 2016. The Company plans to grow organically as well through further acquisitions to become a leading global player in content production and distribution. The Company’s Entertainment division continues to progress a number of feature film, scripted television and documentary projects. It has a focus on Chinese co-productions as well as high concept genre titles with worldwide fan appeal, including a sequel to Dee Snider’s horror classic “Strangeland.”