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confidence high
sentiment positive
materiality 0.65
SRM Entertainment launches SRM Media division, acquires Suretone Pictures' film 'The Kid'
Tron Inc.
- New division SRM Media will acquire and distribute films; first acquisition is 'The Kid' (2019) starring Ethan Hawke and Chris Pratt.
- Film currently streaming on Amazon Prime; company expects long-term revenue from streaming and merchandise.
- Jordan Schur, Suretone Pictures principal, appointed as advisor to SRM Media.
- Partnership with Suretone Pictures for future film acquisitions and IP development; no financial terms disclosed.
- SRM cites 146% US demand growth for Western films (2021-2023) and $480.97B global merchandise market by 2028.