MID ATLANTIC FILMS MID ATLANTIC FILMS WAS ESTABLISHED IN EARLY 2005 BY TWO PRODUCERS WITH A COMBINED EXPERIENCE OF OVER 55 YEARS IN THE FILM INDUSTRY WORLDWIDE. HISTORY Howard Ellis, a US citizen, began his film career in 1977 and has held a variety of positions in the industry that led to him producing his first film in 1992. Mr Ellis has independently been involved in the production of over 500 hours of theatrical and television programming shot on 5 continents in over 20 countries. Adam Goodman, a UK citizen, began his film career in 1982. He has also held a variety of positions in the industry that lead to him producing his first film in 1998. Mr Goodman has independently been involved in the production of over 500 hours of theatrical and television programming shot on 3 continents in over 15 countries. Over the past 6 years Mid Atlantic Films has been responsible for over 300M USD of Hungarian spend on film productions it has either serviced and / or co-produced. We employ over 1000 Hungarian subcontractors to work on these production on a yearly basis. RESUME 2005/2006/2007 2005 2007 Eragon Hell Boy 2 Theatrical feature for Universal Studios Hungarian Service Company John Adams Seven-hour mini-series for HBO Hungarian Service Company Robin Hood - Season Two 13 part episodic television drama for Tiger Aspect and the BBC Hungarian Producing Company and financier Golden Compass Theatrical feature for New Line Cinema – additional photography Hungarian Service Company Theatrical feature for 20th Century Fox Hungarian Service Company 2006 Robin Hood - Season One 13 part episodic television drama for Tiger Aspect and the BBC Hungarian Service Company The Company Six-hour mini-series for Sony Television, Scott Free and Tandem Communications Hungarian Service Company 2008/2009 2008 2008/2009 Robin Hood - Season Three 13 part episodic television drama for Tiger Aspect and the BBC Hungarian Producing Company and financier Krod Mandoon 6 part episodic television comedy for Comedy Central and Hat Trick Ltd Hungarian Service Company 2009 A Team Theatrical feature for 20th Century Fox Hungarian Service Company – development only War of the Gods Theatrical feature for Relativity Media Hungarian Producing Company – development only Season of the Witch Theatrical feature for Atlas Entertainment and Relativity Media Hungarian Producing Company The Pillars of the Earth 8 hr miniseries for Tandem Communications and Scott Free Hungarian Producing Company Going Postal 4 hr miniseries for Sky TV and Mob Films Hungarian Producing Company Medieval Theatrical feature for New Regency Hungarian Service Company – production shut down 2010/2011 2010 The Borgias 9 hr miniseries for Showtime Hungarian Co-Producers 2011 47 Ronin Feature for Universal Hungarian Service Company World Without End Miniseries for Tandem Communications and Scott Free Producers Titanic Television series for ITV Co-Producers The Borgias – Season 2 10 hr miniseries for Showtime Hungarian Co-Producers World War Z Feature for Paramount Hungarian Service Company Monte Carlo Theatrical Feature for 20th Century Fox Hungarian Service Company The Rite Theatrical Feature for Warner Brothers Hungarian Service Company Silent Witness 2 hr television movie for BBC Hungarian Service Company 2012 2012 Die Hard 5 Feature for 20th Century Fox Hungarian Service Company The Borgias – Season 3 10 hr miniseries for Showtime Hungarian Co-Producers 5 MAIN TOPICS Experience and knowledge of the Hungarian film infrastructure and the expectations of foreign producers Pricing power coupled with negotiating skills Single minded dedication to the project Daily problem solving Application and administration of the Hungarian tax rebate to include fundraising The combination of Mid Atlantic, Howard and Adam have produced more international film and television projects in Hungary over the last 12 years than any other group in this marketplace. As a result of our extensive experience we have a depth of knowledge that is core to our services. The combination of Mid Atlantic, Howard and Adam have produced more international film and television projects in Hungary over the last 12 years than any other group in this marketplace. As a result of our extensive experience we have a depth of knowledge that is core to our services. It begins w/the corporate structure by which an individual project is set up. These are very challenging times and each project has no choice but to maximize the rebates available, accelerate the payouts of these rebates, accelerate the return of Vat (which is always a burden to cash flow), minimize the impact of cross border taxation on cast and crew and develop bank financing options should they be necessary. We constantly work to develop new strategies to offer clients and partners in respect to these issues. An example is the strategy we discussed “The Sale of Copyright” which gives all the benefits of a Hungarian co-prod w/o the downside of cast and crew taxation. In the past 6 years Mid Atlantic has spent close to 250 M USD on production primarily in Hungary and more recently in other EU and non-EU countries. This has given us the ability to negotiate extremely favorable pricing for goods and services on behalf of our foreign clients. Whilst we always want to be fair to crew and vendors, we set price parameters (in co-operation w/the LP) favorable to the producer and work tirelessly to achieve the price point or better. As discussed, Mid Atlantic key people are Adam and Howard. One of us is dedicated to the project full time and if necessary both of us can work on different issues simultaneously. While one of us takes the lead on a specific project, we confer constantly so as to maximize our knowledge base. Every project faces issues on a daily basis from the start of prep though the wrap period. Mid Atlantic is available 24/7 to the producers, UPM, dept heads and vendors to work through the daily problems both large and small. As discussed it is a fine line between assisting and intruding. Mid Atlantic will assist as much as it is appropriate w/o crossing that line. Mid Atlantic administrates the Hungarian tax rebate from beginning to end in house. This includes application/registration of the film to include the Cultural Test. Application/audit of the quarterly tax certificates followed through to the issuance of the actual tax certificates. Fund raising for corporate sponsorship followed through to payment of the certificates. In terms of crew we have worked very hard over the past 10 years to turn Hungary into a freelance community. We have no exclusive commitments, but always have access to the top talent in all areas. Producers/Dept Heads will be provided w/resumes and we will encourage them to interview and check references as they would in any film center. We of course will provide advice and guidance as to individual strengths and weaknesses and will give opinions as to whom we feel is the best qualified for the job in question. Regarding suppliers, we specifically have no exclusive commitments so as to obtain the best pricing and the best service on a year-by-year basis. Having said that from experience we repeatedly use many of the same suppliers based on their ability to give the best service and the best price.