818-909-6800

I have a hunch that nothing will be paid out to investors.  The movie probably had less than $12M in box office receipts worldwide. The producers of this travesty will say that expenses exceeded that 6 fold or more.  So it lost money.  Oh, if you believe what you read here (I do) the producers were paid handsome fees for the work they did.  They may not have invested in the film themselves, they were just employees. Who each were paid for their work.  I mean after all, we can't expect them to want to put some of their hard earned money back into the company to make some kind of distribution possible to investors.

Regarding the financials, they probably want to give you an ID and password to see the statements on-line. Of course they will most likely not be audited.  Ask to see a Profit and Loss.   Ask to see a two year comparison.  Look closely and Professional Fees and salaries.  Should be enlightening.

Should the financials from both the LLC's and the Production be available? The LLC should accurately provide exact amounts paid out and to whom. The production financials should provide the same as well. I also believe that these should be audited financials. This is a $120,000,000 project with 10,000 investors. I do not feel that they can legally just do what they want and send out some excel spreadsheet of rounded numbers. For instance, when they claim a $70,000,000 budget, what does that mean. Was $70,000,000 put on the screen? Lets break that down to actual costs. Then there is the extra $50,000,000 that went to something. There doesn't appear to be any clarity. A password protected is fine for general accounting , but a formal, audited accounting should be mailed out. K1's will probably come out around June / July. just late enough to screw up tax returns.

Bottom line is why did every loose money and Neil Kaufman make $10,000,000 and Centineo $20,000,000 and Carroll Brothers $20,000,000?

The saddest part is that no one will ever do anything about and the SEC / FBI won't even look into this.

The perfect caper. The real life story is much more interesting than the crayons on screen.

It would probably be argued that if the figures you cited are accurate that each of those persons were paid  the going rate for the work they did.  In the movie industry, that is not out of scale with what other people are paid in the industry.  Whether or not the film was profitable matters not when one has millions of dollars on his W-2.

Dont know where you got those numbers  , but no one made that kind of money

Really curious how you would know exactly what anyone made. It appears pretty clear that commissions of 22% were paid out to someone, and 20% was paid out to Summertime / Alpine  

Centineo was pretty clear that HE raised $100,000,000. He was arrogant and proud about doing that.

what numbers does your math work out to?

What happens now? A handful of negative comments continue but the positive and reassuring messages have come to a complete halt. There were nearly 30 producers on this film. The credits included every family and friend possible it seems. I wonder how many people were on "payroll".  Has any collective action been taken? I realize that there is risk in any and all investments but there is also a fiduciary responsibility to properly manage the finances of the project. The question I have is WHY should the shysters enjoyed all the monetary rewards and the investors lose everything. Centineo made a healthy income and really there doesn't seem to be any downside for him whether the film was a success or failure. What is saying on his pep talk calls now? I feel it we lost all our monies invested then it only fair that Centineo and Kaufman lose all that they profited.

Greg is Co-Chairman of Tradition Studios, a newly created feature animation film studio which Greg has created with a team of some of the feature animation film industry’s most accomplished storytellers. Greg is also a founding principal of Pulse Evolution Corporation. Recently serving as an Executive Producer on LEGENDS OF OZ: DOROTHY’S RETURN, Greg Centineo successfully completed production and promotional funding for largest budget animation feature film ever produced entirely outside of the ’studio system’.  Leveraging his skills in structured financing honed earlier in his career at Washington Mutual and through his ground-breaking funding strategies, Greg successfully raised over $120 million and 100% of the film’s required capital.

Leverage his skills more from Herbalife amd Multi-level marketing. Skills would be finding proper financial backing through institutional lenders not through house parties.

If Greg Centineo had a title, it could be catalyst for life change, project promoter or seeker of meaning. His career is indefinable, but a series of seemingly unrelated experiences brought him to where he is today: aiming to increase people’s wealth by raising capital for one of Hollywood’s most exciting and monumental projects, the “Legends of Oz” 3-D-animated-film franchise.

Greg was never interested in working in the space of filmmaking. Implored repeatedly over the course of months to conduct the funding by the CEO of Summer Entertainment, the film and franchise’s production company. He didn’t think movies were good money makers, and he was already involved in private-equity endeavors. But a “what if?” feeling prevailed and sleepless nights grew more frequent.

Well I guess he was a catalyst in changing some peoples lives and retirement plans. BTW: he NEVER worked in the SPACE of filmmaking. He hosted house parties to raise money. Thats about it. Before that he cleaned up in the messy business of home loans with Washington Mutual, which is now out of business from handing out [***] loans. So I am not sure he is a FINANCIAL WIZARD.

But WHAT IF???

https://www.youtube.com/watch?v=I1VSjaK2Vio

Here is a great and informative video of Greg sharing his PAID vacation to France. You Paid for that VIEW. what do you think?
Parties? Sea View? Positive message? Everyone is EXCITED!!
stay tuned for the NEXT update.

http://www.metafilter.com/139235/Pay-no-atten ... ind-the-curtain

Very interesting and informative

Pulse Evolution : Greg Centineo Explains The Work Behind Animated Illusion With Corporate Review; Pulse Evolution's Greg Centineo predicts the creative animation principles his company has developed will impact many areas of our lives and society
Envoyer par mail        
01/09/2015 | 06:02am US/Eastern
Boca Raton, FL - During an interview with Corporate Review, Greg Centineo, Founding Principal of Pulse Evolution, states, "We are introducing technologies in the field of animation that provide fare more potential than the old ideas of holograms and projection. We focus on the content, and produce the results that amaze t hose who see it." Tune in to watch Greg Centineo segment airing on Bloomberg Television (as pd. prog) on January 11, 2015 at 4:30pm EST. Check your local listings for airtimes.

Centineo adds, "Audiences love this product, what we call Digital Likenesses. We are continuing to develop even more believable emotions and facial expressions, and already see this technology spreading to games and other segments."

The performances of Michael Jackson at the Billboard Music Awards and Tupac Shakur at the Coachella Music Festival were imaginative and mesmerizing illusions created with the principles created by Pulse Evolution. These illusions were created with advanced animation technology, and were not mere holograms.

Greg Centineo and Pulse Evolution (PLFX) are pioneers in the entertainment finance and large-scale independent finance market segments. The company is headquartered in Port St.Lucie, FL, with offices in Zurich, Switzerland. In addition, Centineo has developed Tradition Studio to produce family-focused features and house a state-of-the-art animation studio.

In his concluding remarks, Centineo adds, "My job is to make sure our incredible team has the resources to do their innovative and creative work. We do what we love and what we can be passionate about. The real impact of our technology will be seen when it moves beyond the field of entertainment."

As the Vice President of Programming for Corporate Review, JL Haber oversees the selection of companies and technologies to present to viewers. He speaks of Greg Centineo in saying, "This technology will be increasingly seen in many aspects of our culture and other applications. We take pride in bring these cutting-edge technologies to our viewers first."

About Corporate Review

Corporate Review is an award winning business and health program that is independently produced by MMP (USA), Inc. The show provides its viewers an in depth opportunity to find solutions to the industry problems from some of the top business leaders from across the world. With more than 5,000 companies participating on over 500 shows, Corporate Review continues to be the premier and targeted outlet for the latest business and health stories. Corporate Review airs on cable networks to over 100 million potential television households.

For specific market-by-market air dates and times, please email Moniqueh@mmpusa.com. For more information, please visit to www.corporatereview.tv

Greg Centineo is the entrepreneurial genius behind Pulse Evolution and the principles bringing new forms of animation technology to the market.

Media Contact

Company Name: MMP (USA), Inc.

Contact Person: Susan Waters

Email: swaters@mmpusa.com

Phone: 561-988-9616

Address:999 Yamato Rd.

City: Boca Raton

State: Florida

Country: United States

Greg Centineo served as Executive Producer of Summertime Entertainment, the production house of the 2013 3-D animated film, Legends of Oz: Dorothy's Return, starting Lea Michelle, Patrick Stewart, Dan Aykroyd, Kelsey Grammer, Jim Belushi, Martin Short, and more. Greg is also a Principal at Pulse Evolution, which produces cutting edge digital graphics.

http://thelaunchpad.org/node/6489
Audience:
Students / Youth
Entrepreneurs / Startups
Investors / Mentors
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General


ATTEND AN AMAZING NIGHT LEARNING ABOUT MAGIC

http://www.summertimemedia.com/roland-carroll
http://www.summertimemedia.com/sheldon-rabinowitz
Sheldon Rabinowitz

Consultant



Provides financial and business planning services to a wide range of clients within the entertainment, media, communications and technology industries. Work is focused in the areas of structuring and transactional support, business plans, raising capital, M&A, due diligence reviews, residuals, reporting, marketing and distribution planning, contract negotiations and corporate restructuring. Performs the role of Consultant providing all classical functions including accounting and financial reporting, forecasting, banking, treasury, credit, tax, risk management, systems design and development and participation at investor and board meetings.

Animation Producer



Bonne Radford's career in the entertainment industry spans over 25 years, with an emphasis on animation. Radford was a key member in the original start-up teams at DreamWorks and Amblin Entertainment where she produced animated feature films as the Head of Feature Animation at DreamWorks, and Vice President of Animation at Amblin for Steven Spielberg. Radford's prior producing credits include Curious George (2006), The Road to El Dorado (2000), Balto (1995). She has also contributed to many beloved, successful films such as Who Framed Roger Rabbit, The Goonies and E.T.: The Extra-Terrestrial.

tephen Einhorn

Distribution Consultant



As the former President & COO of New Line Home Entertainment Stephen has extensive experience in all aspects of motion picture production/marketing/distribution, Acquisitions and Co-Production. Responsible for sales/marketing/distribution of New Line Cinema's packaged media (DVD/Blu ray) and digital distribution. Experienced in negotiating distribution and revenue sharing agreements and licensing of digital rights. Extremely well versed in strategic planning, corporate finance and accounting.

*Substantial operating, strategic planning and financial experience within entertainment/media.

*Creative sales/marketing/distribution and strong financial/operations/capital procurement experience and a very strong strategic planner.

* Built the most successful distribution partnerships in the home entertainment industry.

*Experienced in building new entertainment oriented consumer products.

•Proven financial/operational leader bringing a company public and raising significant amounts of capital.

Acknowledged industry innovator recognized with numerous honors and accolades:
- President, Digital Entertainment Group (DEG)
- Inductee, Video Hall of Fame
- DVD Pioneer Award, DVD Exclusive Awards
- Visionary Award in 2002
- Pioneer Award, VIAAC/Entertainment AIDS Alliance

Brad Jashinsky, Director of Digital Media, Summertime Entertainment
Brad JashinskyBrad Jashinsky is currently the Director of Digital Media at Summertime Entertainment, where he oversees the many digital components of the Legends of Oz franchise. Brad has worked in many technical and management roles throughout the entertainment and technology industries over the last decade including positions at Liquid Entertainment, Midway, Technicolor, and an Adobe Enterprise Partner. He started his career working on the development teams of the video games Dungeons and Dragons: Dragonshard and Mortal Kombat: Shaolin Monks

SCORES an F

Summertime Entertainment
(818) 953-9424
1400 W Alameda Ave, Burbank, CA 91506-2705
http://www.summertimemedia.com

BBB® Non-Accredited F Rating
On a scale of A+ to F
Reason for Rating
BBB Ratings System Overview

http://www.dbo.ca.gov/ENF/pdf/a/AlpinePictures_Judgment.pdf

If you ever wondered how ALPINE PICTURES, INC became SUMMERTIME MEDIA I think its pretty simple.
Change the NAME not the GAME
Rene Torres is still at
Neil Kaufman is still at
Bonne Radford is still at

Uh, toyman -a lot on money likely ended up in the pockets of someone but unfortunately the investors are unlikely to get nothing more than a tax write off. This was sold to too many people who should have never been involved in a project like this, many who are likely to lose money they couldn't afford to lose.