SOURCE: Seven Arts Entertainment Inc.
LOS ANGELES, CA--(Marketwire - Sep 12, 2012) - Seven Arts Entertainment Inc. (NASDAQ: SAPX) ("Seven Arts" or the "Company") announced today that it has released in the United States and Canada multi-platinum recording artist DMX's new album "Undisputed." Seven Arts has received orders for more than 150,000 physical copies of "Undisputed" and expects to sell through 75,000 to 100,000 copies in the first week of sales, based on distribution estimates. Seven Arts expects "Undisputed" to debut at No. 1 on the Rap, R&B and Indie charts and in the top 3 on the Top 200 chart. Consumer interest as shown in internet and "tweets" has been very encouraging.
Seven Arts Music CEO David Michery stated, "We are seeing very strong consumer interest in DMX's 'Undisputed,' confirming our belief that DMX, as one of the legends of urban music, maintains a large committed audience. We are very encouraged by substantial pre-orders and retail interest. The wait is over: DMX is back!"
About Seven Arts Entertainment Inc.:
Seven Arts Entertainment Inc. is the successor to Seven Arts Pictures Plc, which was founded in 2002 as an independent motion picture production and distribution company engaged in the development, acquisition, financing, production and licensing of theatrical motion pictures for exhibition in domestic (i.e., the United States and Canada) and foreign theatrical markets, and for subsequent worldwide release in other forms of media, including home video and pay and free television.
About Seven Arts Music:
Seven Arts Music intends to develop new talent and label-establishing artists in the genres of hip hop, R&B, pop, dance and rock. David Michery's prominent career includes the production of numerous platinum albums and an executive role as Head of Urban Music for All American Communication, d/b/a Scotti Bros. Records, A&R for MCA Records and Zoo/BMG, and founder of Breakaway Entertainment and American Music Corporation.
Cautionary Information Regarding Forward-Looking Statements.
Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from the anticipated. The information contained in this release is as of September 12, 2012. Seven Arts assumes no obligation to update forward-looking statements contained in this release as the result of new information or future events or developments.