RGM Media sells rights to Point Break
Alcon Entertainment has secured the rights to produce a reboot of 1991 action thriller Point Break from rights holder RGM Media – an ASX-listed Pan Asian media and entertainment company with operations in Australia, Singapore and the States.
RGM Media’s Devesh Chetty and investor John McMurrick will serve as Executive Producers while Alcon Entertainment’s Andrew Kosove and Broderick Johnson will produce with Michael DeLuca, John Baldecchi, Chris Taylor and Kurt Wimmer (Salt, Law Abiding Citizen and the expected reboot of Total Recall) who wrote the screenplay.
“Securing this deal with Alcon is really great news for us.” said Devesh Chetty. “The combination of Alcon, Warner Bros and the first-class producers delivers the opportunity for this exhilarating story to be told and seen worldwide.”
The new version will be set in the world of extreme sports, as opposed to solely surfing, with an FBI agent going undercover to catch a gang.
Does anyone have any insight into what this mean for RGM Shareholders?
Well in less than a fortnight they’ve posted a $2.5 million loss, sacked the CEO and sold their major asset. Can’t see any of that as good for shareholders. Looks like they’re struggling to survive.
Hahaha who would be dumb enough to have shares in rgm? Did you see how the Sydney office is run?
Trub I paid 3.5 cents a share.
Baaaaaahaaaaahaaaa