Thursday, August 4, 2011

MOVIE PRODUCTION STUDIO SETTING UP SHOP IN COBOURG

Cobourg, ON - Owned Entertainment (Canada) Inc. has announced that it will open up a movie production studio in Cobourg, ON. Owned Entertainment (Canada) focuses on movie, TV and DVD productions based on the sport of Mixed Martial Arts (MMA) as well as other entertainment entities aimed at a demographic of males 16-30.

Company President, James Hergott has chosen his hometown of Cobourg and is excited about the possibilities for his business. “MMA is the fastest growing sport in the world and especially popular in Ontario and the GTA. This geographic area has one of the strongest fan bases in North America and is a perfect location to work on my future projects,” stated Mr. Hergott.

Mr. Hergott’s production plans for Cobourg are two-fold. First he will be directing and producing a scripted feature film, OWN3D, in Cobourg in the spring of 2012. The second part of the plan is the building of a state of the art studio facility in Cobourg. In addition to future projects by Mr. Hergott the studio would produce 5-6 additional film projects as part of a distribution agreement.

Mr. Hergott will work closely with the Town of Cobourg, as well as the County of Northumberland with a strategy to grow the economy as well as provide jobs.  Mr. Hergott comments: “With many jobs in North America going overseas it is important to invest in innovative business opportunities in growth industries. Currently the MMA business is growing at a rapid pace despite the economic slowdown. The UFC’s first event in Toronto had an economic impact on the city of $44 million.  The entertainment industry is one that cannot be easily outsourced because it must reflect the artistic culture of the world it is presenting.”

“We are very pleased to be able to work with Mr. Hergott in developing his business plans” says Wendy Gibson, Economic Development Officer for the Town of Cobourg. We have been targeting businesses in the Creative Economy and this type of business fits nicely into that category”.

For more information please contact:

James Hergott, President
Owned Entertainment (Canada) Inc.
Or
Wendy Gibson, Economic Development Officer, Town of Cobourg

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