Livento Group, Inc. (OTC Pink: NUGN), a dynamic group that specializes in acquiring and developing companies with disruptive business models in film, content, and technology for fund managers, announced the start of the list of movies acquired last week.
BOXO Productions Inc, is a 100% owned subsidiary of Livento Group Inc, Livento previously announced on 30th of May 2023 the acquisition of 44 new movie, TV projects and 3 games in the amount of $32.25 million.
BOXO has acquired between 1-10% stake in each, within the next 5 years. The acquisition has expected revenues of $120m to BOXO combining development and profit share of finalized movies. BOXO expects that in total the 44 acquired projects gross $8.6 billion in box office sales globally. The first seven finalized projects should contribute approximately $1-2 million to BOXO revenues in the next 12 months. From the slate of projects acquired three movies are in the final stage of production and should deliver box office revenues in Q1 – Q2 2024. The remaining Projects will be completed in 2025.
The Budgets for the movies are based on similar movies that were previously produced by the same people and studios that work with our team. The movies whose names can be announced are already published on the BOXO website.
Our production team works on these projects with some of the best people in the industry and with studios that have strong proven track records. As an example, we work closely with Sam Raimi. Sam Raimi is a Movie Director and Producer that has filmed the Spiderman movies for Marvel and Doctor Strange 2. He is one of the most sought-after Directors and Producers in Hollywood these days, with an incredible track record. Some of his movies have achieved Box Office revenues of over $800 million. It is worth noting that in 25 movies that he was involved in the average return was 4x the original budget in box office revenues.
“Moving forward, we will introduce two or three movies every week showcasing the details so that shareholders can see the true power of the BOXO acquisition. As part of the agreement, BOXO also has a percentage share of sequels produced. Sequels bring additional significant revenue opportunities for BOXO.” said David Stybr, CEO of BOXO.
About Livento Group, Inc.
Livento Group (OTC Pink: NUGN) is focused on acquiring and developing companies with disruptive business models. The company recently launched BOXO Productions, a film and television production subsidiary led by a top actor and producers in the industry. For more information, visit www.liventogroup.com and www.boxoproductions.com.
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Contact:
David Stybr, CEO
Livento Group, Inc.
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