Omaha, Nebraska-based Rising India Inc., a company focused on undervalued opportunities in hospitality and media, announced that it had acquired Arizona-based Saint James Films, LLC, a motion picture production company dedicated to producing entertaining genre films for the global marketplace.
Saint James Films, LLC and its library, licenses and receivables was purchased from Mike The Pike Productions Inc., for 50,000,000 shares in restricted common stock to build shareholder value by bringing assets that hold potential for growth.
Rising India will focus on bringing in subsidiaries and joint ventures that are diversified within the entertainment and media space, including income producing websites, new media channels, sales agency/distribution, gaming and possible investment in technology which will impact the virtual reality space, Bloomberg Business reports.
