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- fnordRotten Tomatoes overview:
http://www.rottentomatoes.com/m/legends_of_oz_dorothys_return/
Only a 14% on the Tomatometer! But the shills have been busy there too; it has an audience rating of 90%. - Thankful replies to What's NextThankful that I did not invest. Greg is the only one making money from hefty commissions already collected. The net sales will not even cover the budget and the Llc will go bankrupt before creditors and investors are due. They will bleed it dry then fold.
I would read your investment contract and consult an attorney in preparation. - fnordNow Cartoon Brew has its say:
http://www.cartoonbrew.com/box-office-report/ ... ebut-99410.html
"If you didn’t hear about last weekend’s opening of 'Legends of Oz: Dorothy’s Return,' don’t worry because no one else in America did either. Launching in 2,575 theaters, the film eked out $3.7 million, which is the worst opening ever for an animated feature in saturated release (over 2,500 theaters). The previous animation record holder in this dubious category was the 2011 Weinstein Company release 'Hoodwinked Too! Hood vs. Evil,' which grossed $4.1M from 2,505 theaters." - Mike replies to Marc J. LaneHow do you explain a new movie out on 2700 screens and only makes 3M on opening weekend , where did the 70 million dollars budget go to
- Cosmic Connie| 14 repliesThere's also a connection between this inflated cartoon of a movie and now-jailed serial scammer Kevin Trudeau's huge scheme, the Global Information Network (GIN). Some GIN members, including one of the executive co-producers of the Oz movie, were pushing this project as a great investment opportunity. Also, one of Trudeau's lawyers/asset planners, Marc J Lane, at one time represented the principals of Summertime Entertainment (and came to their defense earlier in this thread).
http://cosmicconnie.blogspot.com/2014/05/so-g ... road-where.html - Lol replies to JDGHow did that investment work out for you? Ryan Carroll and his brothers should be in prison. None of their movies ever make any money they steal from consumers to live the life they want. They raised 247 million dollars for Dorothy of oz and they only put 70 million into the movie and opening weekend the movie did 3.7 million. No investor will receive any money back. Stay away from them and their companies they constantly change their company names. From alpine pictures, summertime films, first national information network and star team and they have even more company names just beware do not get suckered in by them if they tell you anything it's to go to be true.
- Lol replies to GregYou work for the company Greg! Such scam artists.
- Lol replies to What's Next| 4 repliesI'm sorry to inform you but they have never paid out to any investor. What I heard is that the FBI is investigating the company. I just hope the Carroll brothers end up in prison. They travel all over the world with your money you invested. They raised over 200 million for that movie and supposedly spent 70million on Dorothyof oz. where is the rest of the money.
- PP replies to Lol| 1 replyI really hope you are right...they have gone after scammers that have bilked much less than $70-100-200 million, so one would think that even though a movie was made, all of the promises of 'big returns' might catch up with them. The latest social media spin gives the following reasons for poor performance: 1. lack of awareness [well, show 5 scenes in a 15 second TV commercial and see how much people can actually absorb] and 2. unfavorable reviews by the critics who could not appreciate a wholesome movie that promotes strong values. The hypocrisy of mentioning 'strong values' really irks me as it does not seem 'values' were of any concern during the long drawn out fundraising process.
- What's Next replies to LolI am not out as much as some people apparently are. Years ago I knew I had made a big mistake and reconciled myself to the fact I was not going to see a return. I wanted to keep up with what was going on in case there was a turn of events. I waited until the release of the Oz film to see what would happen and I think it is safe to say that the film will not recoup anything for any investor. I plan to declare my shares of Alpine stock as worthless on my 2014 income tax return and begin the capital loss write-off.
I do find it hard to believe that they raised $200M, but having not seen their books, I can only speculate. - What's Next replies to Cosmic Connie| 12 repliesI think the posts from the attorney were removed, but I recall that he came here huffing and puffing about statements his clients took issue to and used threatening language. Curious that Dorothy of Oz Scam Expert took him on, breaking down the legal arguments and the attorney never replied. Better to not fan the flames of animosity of people who have invested their money I believe.
- What's Next replies to PPOn their FaceBook page they congratulated themselves that Focus on the Family gave them some type of accolade for their film being all full of positive values. I about spilled my wine when I read that. I looked at some of the comments and people spoke of evil big companies making sure the reviews were bad so the little independent company would not have success. Ugh.
- Know The FamilyHate to say I told you so.... I know so many people, literally dozens of families in the area, who were taken by Greg. Literally millions washed away. Everyone looking to get rich quick instead of simply working hard.
- Legends of OZ Scam Expert replies to What's Next| 10 repliesWhat to do now?
It’s very important to keep things organized in your minds and not to let your disappointments confuse the facts of what happened to all of you. As far as the SEC definitions go there are basically two groups who “invested” in this disaster of a project.
The first group is those who people who met the definition of an “accredited investors” and who should have known better. But as things turned out the first group got exactly what they signed up for. No guarantee of a profitable project that was put together by people with long history of failures and a history of cease and desist orders. The first group of investors was made fully aware of the speculative nature of the project and all the risks were fully disclosed in the contract that I have seen. They get what they get and there is nothing to be done it.
The second group of “investor victims” is those people who do not meet the definition of an “accredited investor” and should have never had this product offered and sold to them. The contract clearly specifies the pre-qualifications to purchase the shares. The “unsophisticated” investor has no ability to qualify this project and the high risks that come with it, when being offered by professional conmen. My fear is that the both parties, the conmen and the victims, got greedy for billions of $$$$$$$ and decided to overlook the prerequisites. The conmen were no doubt pushing their obscenely front loaded investments to desperate people who were dreaming of making it big in the movie business. In spite of all that, there are SEC regulations that prohibit the offering of these shares to gullible, unsophisticated, and not accredited in investors. It is with these rules in mind that I wonder what should be done to these people. The have used real peoples hard earned money to create a wealth generating opportunity for themselves (up to 40% in commissions and consulting fees). The material and emotional harm that has been done to real people with real families is beyond description at this time. There will be a trail of collateral damage that will trickle in for years to come, instead of the ridicules claims of the promised “revenue stream, virtual world” and whatever other nonsenses they dreamed up in the fundraising operations. The mental anguish that the victims now live with, after years of waiting and hoping, must be unbearable.
The choices seem to be a class action lawsuit, civil complaints, criminal charges, or some good old fashioned tar and feathers…….
Speak up if you invested in this scam without meeting the criteria of an “accredited investor” You will find the definition of what an “accredited investor” is in your contract. This was discussed at length in some prior posts, check them out, they may not have been removed. - mike replies to JDGand are you or have you been given a documented agreement that guarantees you any royalties on a filed movie?
- TheTruthforIgnorantPeople replies to KTGo tell your friend, who probably is no longer your friend, that you lost all your investment also
- SoYouWereStupidEnoughToInvest replies to InvestorServes you right, for not checking online, youve lost your investment, lesson learned
- PP replies to Legends of OZ Scam Expert| 2 repliesMaybe someone can explain why funds were raised under different LLCs?
In the recent SEC filing of form D for Dorothy of Oz LLC it says that $33M was raised from 1,000+ investors w/ $5M going to insider payments
http://www.sec.gov/Archives/edgar/data/137199 ... primary_doc.xml
The Emerald City of Oz LLC has $77M raised from zero (?) investors w/ $17M going to insider payments
http://www.sec.gov/Archives/edgar/data/148854 ... primary_doc.xml - Uh Oh replies to Toy guyStill expecting returns from toys, aps, video games, etc? You do know of course that those revenue streams won't even cover a small percentage of the expenses associated with the film.
- Wondering replies to PP| 1 replySo it is pretty clear that someone made $22M from raising $100M. But what were the production and distribution fees? Were salaries inflated because of delays. Pretty good deal msking up to $40M off of other peoples money and not having any risk. Hard to say what went on. I guess they tried, can't fault someone for incompetence
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