Wednesday, August 27, 2014

Medient is now Moon River Studios

Posted By on Wed, Aug 27, 2014 at 10:30 AM

The financially troubled Medient Studios, Inc., hailed not long ago as a  game-changing economic engine for Effingham County and the Savannah area film community, announces not only a "1 for 1,000 reverse stock split of the Company’s issued and outstanding common and preferred stock," but a name change to “Moon River Studios, Inc.”

In 2013, the company entered into a lease agreement with the Effingham County Industrial Development Authority with ownership of 1560 acres of land in Effingham County. The company still plans to construct motion picture studios and facilities including "sound stages, production and post production offices, editing suites, warehouses, mills and set fabrication facilities," which they collectively call a Studioplex. 

In July, former Medient CEO Manu Kumaran, filed a lawsuit seeking to dissolve the firm he founded after he was fired by the company's board.
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