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NEWS and PRESS RELEASES

Action on the set: Allen Park’s fight for studio brings rewards

Quote from the article below… read more here

New ideas

The newest player is North Carolina entrepreneur Arthur Wylie.

Wylie, 35, built a money management portfolio while in college and parlayed that into a series of investments in movie projects under the firm he created, Global Renaissance Entertainment Group.

He has issued press releases and told Crain’s that he has the intellectual property rights to develop 25 movies, including a deal for books written by novelist Omar Tyree.

Wylie also said he is “in discussions with” Mark Ordesky, producer of “Lord of the Rings.” He has brought the producer to city and county-level meetings.

In October, Wylie formed a joint venture with Las Vegas-based entertainment company Global Entertainment Holdings Inc. (OTC: GBHL). The new company, Global Renaissance Funding L.L.C., according to SEC filings, was formed for the two groups to jointly raise between $20 million and $100 million to finance movies.

Wylie was hired in April by the city in a $125,000 contract to market the site.

However, he said, after touring the site and generating ideas for uses, he is interested in buying part of the space for the production of movies under his Global Renaissance title.

“At this point, I’m very interested in acquiring space in this facility for the production of movies that I’m involved with,” he said.

He said Friday that he has submitted a proposal to buy a “significant portion” of the film campus. He did not disclose the price. Burtka confirmed that the city has received the offer, but did not comment otherwise.

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