LOS ANGELES, Oct. 9, 2012 /PRNewswire/ -- ( GFMH) Goliath Film and Media Holdings Inc. ( GFMH) (the "Company" or "Goliath") is pleased to announce that it has acquired a catalog of seventeen faith based films. Historically, faith based films have been one of the leading categories of films based on investment returns.
According to a 2011 study conducted by the Christian-focused entertainment advocacy group MovieGuide , American audiences preferred movies with strong conservative content and values over movies with liberal or left-leaning values by an almost six-to-one margin. In fact, Movieguide's report asserts that the Christian-motivated movies, on average, earned four times as much in box office returns – $64.3 million as opposed to $15.9 million for films in other non-Christian genres.
CEO Lamont Roberts stated, "This catalog acquisition is an exciting development for Goliath. Faith based libraries like this are hard to come by and always represent strong returns".About The Company Goliath Film and Media Holdings focuses on developing and distributing film content in the United States and internationally. Goliath also develops various types of film content, such as education, faith-based, and socially responsible minority content. The company also specializes in developing and acquiring films, along with developing screenplays with the intent of outsourcing the production to a separate entity with an agreement for Goliath to distribute the specific film(s). Goliath based in Los Angeles, California licenses films through a distribution network of exhibitors, distributors, and television networks. For more information, please see: goliathfilmandmediainternational.com This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.