Strong Studios Acquires Global Worldwide Distribution Rights for its Original Series "Safehaven"

Ravenwood-Productions LLC Invests in Series

CHARLOTTE, N.C., July 13, 2023 (GLOBE NEWSWIRE) -- Strong Global Entertainment, Inc. (NYSE American: SGE, the “Company”) today announced that its subsidiary, Strong Studios, Inc. (“Strong Studios”) (Safehaven, Flagrant, Inside the Black Box), has acquired the worldwide distribution rights for its original series Safehaven from Screen Media Ventures, LLC, a division of Chicken Soup for The Soul Entertainment, Inc. Additionally, the Company announced that Ravenwood-Productions LLC (“Ravenwood”) has made an investment to acquire an ownership stake of Safehaven.

Mark Roberson, Chief Executive Officer of Strong Global Entertainment commented, “We are excited about bringing Safehaven to the public and are ramping up the sales and marketing process with potential buyers. The monetization of a portion of the intellectual property is an important validation of the quality of the series and improves the overall economics for Strong Studios related to the future success of the series.”

“We are thrilled that Ravenwood shares our confidence and vision for the series. We look forward to working closely with them to bring Safehaven to the global market,” said David Ozer, President of Strong Studios.

As part of this transaction, the parties have agreed to enter into a sales agent agreement with William Morris Endeavor Agency to market the series.

Further details on the transaction may be found in the Company’s form 8-K filed with the SEC July 7, 2023.

About Safehaven

Safehaven was created by James Seale (30 Below, Throttle) who serves as showrunner. The 10 episode series stars Georgie Murphy (Christmas by the Book) and Gino Anania (Skymed, The Porter, Kiss Before Christmas), along with the multi-award-winning Bob Frazer (Drinkwater, The Cannon, Finding Mr. Right, Girlfriend Experience, The X-Files).

Safehaven tells the story of high school comic artist Jenna Frost (Murphy), who must uncover the truth after horrifying visions come to life from her creations, threatening to destroy everything around her. John Rayburn (Frazer) is the mysterious new school counselor determined to save her, even if it endangers both of their lives and unearths his own personal demons. Complicating matters is Will (Anania), a passionate young man committed to protecting Jenna, who finds herself torn between rejecting his help and her growing feelings for him.