The shares of Seven Arts
Pictures plc(NASDAQ:SAPX) gapped down this down morning after posting two
straight gains since Tuesday. The stock is now down 8.24% to $0.0479 after
rising over 66% in the past couple of trading sessions. Shares of the company
had been under severe selling pressure since early February and have lost over
83%.
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Recently, Seven Arts
Entertainment Inc. made public announcement of the release of “Drunkboat”, a
tragi-comedy film by playwright cum director Bob Meyer.
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. The film is due relase on Friday, July 13th.
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The film is
exclusively released through AMC Movie Theatres throughout major cities to
include Chicago, Los Angeles, New York and Boston. Featuring John Malkovich,
John Goodman and Dana Delany, the film narrates the story of where his sister
(Delany) is raising her young son Abe. The film knits the experience and
desires of these two men in a powerful and heart touching manner. It reflects
the aspirations of two different generations - a young man's dreams of sailing
the world and an older man's reconciliation with his family.
According to Gabe Toro
from IndieWire the film “remains a pleasure to see, in Malkovich and Goodman,
two canny pros at the top of their game”. Reviews also indicate the thrill of
the movie being released all across the U.S. that too by AMC Theatres. Executive
Producer Anthony Tomaska said, "Malkovich and Goodman are awesome together
in this touching film."
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