Genesis Technology Group, Inc. announced today the signing of a contract with FilmFestivals Entertainment Group (FFEG), a French corporation with headquarters in Paris.
Genesis will forge strategic alliances for FFEG in China to remarket its licensed entertainment content. Contractually, Genesis can earn revenues based on a per-message basis, as the Chinese annually transmit text messages numbering in the tens of billions.
Bruno Chatelin, FFEG Chief Operating Officer, added: "We are proud of this alliance with Genesis. Since 2002, we have established strong partnerships with many media sources that build a strong circuit: Cannes Film Festival, Los Angeles Film Festival, IFP Market in New York, Newport Beach, Karlovy Vary, Paris, Venice, MIFED and many others. We have concluded that Genesis is uniquely qualified to market our extraordinary content in China." Mr. Chatelin was responsible for the launch of over 250 films during his tenure as Marketing Director and Managing Director for Columbia TriStar Films and Twentieth Century Fox. In 1995, he built the joint venture between French major UGC and Fox and led it to the leading position in the French market.