Billionaire Alki David Launches E-TV Studios With $100

Notorious Hollywood billionaire Alkiviades “Alki” David is launching a brand new manufacturing studio, E-TV Studios, with a $100 million growth fund.

David tapped impartial producer Emilio Ferrari to function president of the newly minted manufacturing shingle. The firm stated it already has three new function tasks prepared to enter manufacturing by the third quarter of 2020, with 5 options deliberate for 2021.

“E-TV Studios is going to make features that will blow viewers away, with some A-list stars we’ll announce soon,” David stated in an announcement. “I’m very proud of E-TV Studios’ library, put together from some of the most prestigious film libraries in the world. Emilio is the exact right man to head this mix of art and commerce and make it a huge success.”

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Ferrari, who based Allied Entertainment Group in addition to A Plus Entertainment, will hit the bottom operating. In addition to overseeing E-TV Studios’ $100 million manufacturing fund, he’ll additionally lead a brand new overseas gross sales workplace that may monetize David’s movie and TV library of greater than 40,000 titles.

The library consists of work from the likes of Alfred Hitchcock, John Carpenter, Stanley Kubrick, Abel Ferrara, Charlie Chaplin and Federico Fellini. The assortment has a sturdy collection of Westerns, Broadway musicals, blaxploitation flicks, warfare movies and TV documentaries. It additionally boasts an array of music documentaries with uncommon footage of artists similar to Ray Charles, Elvis Presley, Frank Zappa, Ella Fitzgerald and Louis Armstrong. And it consists of the archives of the Beatles’ first music firm, based earlier than Apple Corp.

“The sheer volume of amazing quality content E-TV Studios has to offer is astounding,” Ferrari stated in an announcement. “I can’t wait to get out there and show the world.”

Ferrari plans to launch the studio throughout the Cannes Film Festival in May. He had deliberate to even have a presence at MIPTV in March earlier than the occasion was canceled this week as a consequence of fears across the coronavirus.

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Ferrari has produced 38 function movies, directing 16 of them. Some of his credit embrace producing “Lucky Town,” starring Kristen Dunst and James Caan, “I Know What You Did Last Winter” and “Baby on Board” with Heather Graham.

David is the founding father of streaming TV platform FilmOn Networks, in addition to the corporate that created the trendy hologram trade, Hologram USA. E-TV is his first huge enterprise because the entrepreneur was ordered to pay $50 million in punitive damages after a Los Angeles jury discovered him accountable for battery, sexual battery and sexual harassment in opposition to a former worker, in accordance with the L.A. Times. David has disputed all allegations of sexual misconduct.

A former manufacturing assistant who labored at David’s media corporations, together with FilmOn TV and Alki David Productions Inc., additionally accused the Coca-Cola bottling inheritor of sexual assault and was awarded $8.25 million in compensatory damages. That ruling was the third in 2019 in opposition to David, who, in accordance with the Times has been accused of various acts of inappropriate habits by former workers.