Seven Arts Pictures

Seven Arts Pictures - In Liquidation
Company type	Public: (OTCQB: SAPX)
Industry	Filmmaking
Founded	2002
Founder	Peter Hoffman
Headquarters	London, United Kingdom
Area served	Worldwide
Key people	the Honorable Hubert Gibbs (Chairman of the Board); Peter Hoffman (CEO); Michael Garstin (President); Kate Hoffman (COO); Elaine New (Finance Director)
Services	Film Making
Parent	New Line Cinema (Time Warner)
Divisions	Seven Arts International
Website	www.7artspictures.com

Seven Arts Entertainment Inc., formerly Seven Arts Pictures - In Liquidation is a publicly traded independent film production company registered in the United Kingdom engaged in developing, financing, producing and licensing theatrical motion pictures. It should not be confused with Seven Arts Productions, founded in 1957 by Ray Stark and Elliot Hyman, which later acquired Warner Brothers Pictures in the late '60's. It should also not be confused with the Carolco and New Line Cinema joint venture company. Notable films from Seven Arts include Stander, Asylum, Noise and more recently Night of the Demons.

History

Seven Arts Pictures was founded in 2002 by former Carolco president and CEO Peter Hoffman. Carolco had previously used the name Seven Arts as a joint venture with New Line Cinema to produce and release mid-budget films; when the partnership was dissolved, Hoffman took the name Seven Arts with him to start over. With offices in London, England and Los Angeles, California, Seven Arts is producing motion pictures worldwide with budgets ranking from $2 million to $15 million for exhibition in domestic (i.e., the United States and Canada) and foreign theatrical markets and for subsequent post-theatrical worldwide release in other forms of media, including Blu-ray and DVD, home video, pay-per-view, and free television. Mario Kassar had headed Carolco with Hoffman.

In 2004 Seven Arts Pictures plc became a listed company on AIM. After trading on AIM for three years, the company moved to Plus Markets from 2007 to 2009. In preparation to its entrance on the NASDAQ, Seven Arts Pictures plc was listed on the OTCBB from 2008 to 2009. Since 2009, Seven Arts Pictures plc has been trading on the NASDAQ under SAPX.

Seven Arts Pictures also has trading entities in the UK which have been put into liquidation owing investors millions of dollars.

Below are a list of recent UK companies; most are in liquidation and are fronted by his daughter, Kate Hoffman:

Seven Arts Filmed Entertainment UK Ltd
Seven Arts Filmed Entertainment Ltd
Seven Arts Pictures plc – In liquidation
Cinematic Finance Ltd – In liquidation
Knife Edge Films Ltd – In liquidation
Gone To Hell Ltd – In liquidation

Seven Arts had been implicated in major fraud by HMRC and also by many investors, claiming that Peter Hoffman's daughter is behind the many scams in the UK.^[1]

In 2012, Seven Arts Pictures announced the creation of its new music division, Seven Arts Entertainment. This included the acquisition of musical assets by several multi platinum recording artists. Most notably is the rapper DMX who's next album was released in September 2012 titled Undisputed. The new music division of Seven Arts plans to sign deals with already established artists as well as up and coming artists.

The production slate of Seven Arts Pictures and third party producers are distributed through Seven Arts International.

Filmography

No Good Deed (2003)
Stander (2004)
Asylum (2005)
Shooting Gallery (2005)
Noise (2005)
Deal (2006)
Autopsy (2007)
Knife Edge (2008)
Nine Miles Down (2009)
The Pool Boys (2010)
Night of the Demons (2010)

References

^ Financial Times, Zeus Capital co-founder to be charged over tax scheme, January 7, 2016

http://www.marketwire.com/mw/search.do?params=&grpSearch=C&companyid=47196 http://stock-bb.com/seven-arts-pictures-plc-pink-sapx/

Controversy

Michael Arata, Peter Hoffman face charges of conspiracy, wire fraud NEW ORLEANS — 7 Feb 2014 Two men were indicted and accused Friday of conspiracy and wire fraud in a film tax credit investigation... investigators said Arata and Hoffman sought tax credits for money they fraudulently claimed had been spent on the property.