SALT LAKE CITY, Utah, June 27, 2011 /PRNewswire/ — Nexia Holdings, Inc.’s (PINKSHEETS: NXHD) subsidiary Redline Entertainment has signed a contract to license certain foreign distribution rights to the feature length film Paladin: Dawn of the Dragon Slayer, formerly known as Paladin. Dawn of the Dragon is the fifth film that Nexia’s entertainment division has been retained to sell in foreign markets.
The agreement with the producers of Dawn of the Dragon Slayer, Fantasy Feature Funding One LLC, includes the right to a second dragon movie The Virgin and the Warrior that was shot in conjunction with a team of Revel’s film makers in April of this year. The level of interest in both of these projects by the foreign distribution markets is very high. Nexia’s Redline in association with Highland Film Group have contracts signed or pending selling certain rights to the film in Spain, France, Germany, Thailand, United Kingdom, Romania and Indonesia. Redline will release further details on these contracts and other successes at the Berlin and Cannes Film Festivals.
Richard Surber, Nexia’s CEO said, “I am excited about the success we are experiencing in assisting independent film makers with their efforts to sell the licensing rights in foreign markets. As Redline continues to accumulate contracts to license rights to quality projects like Dawn of the Dragon Slayer, our revenue streams will begin to ramp up. The cumulative revenues generated by Redline’s efforts could be substantial over the coming months and years. Production and subsequent distribution of these projects take a lot of hard work and time.”
Paladin: Dawn of the Dragon Slayer was shot on location in Ireland and is a dragon focused fantasy adventure film. The film was directed by Anne Black and stars Nicola Posener, Ian Cullen, and Philip Brodie.