MAG Film Studios Announces Official Launch in Puerto Rico & Los Angeles

MAG Film Studios, the first Puerto Rican company for the production and distribution of films, documentaries and educational content, announced its official launch taking place on April 19, 2018. The studio portfolio includes the films 23 hours, 200 Letters, Por Amor en El Caserio (HBO LATINO), Dos Caminos, Yerba Buena, Aventura Verde, Prodigal Heart, What If We Start Again? and The Eye of God, currently in pre-production with a budget of $4,200,000.00. www.magfilmstudios.com

MAG Film Studios Chairman, Eugenio Garcia Jr., and Co-Chairman Hipólito Avilés also announced the appointment of Jasmin Espada as Chairperson of MAG Film Studios USA, making her the first Latina to occupy such a position.

"We are honored to have Jasmin Espada, an industry veteran who has guided the careers of major Hollywood stars for over 15 years, asChairperson of MAG Film Studios USA. We are very excited about our new film and what lies ahead" said García, from MAG Film Studio Headquarters.

Espada leads a team in Los Angeles with offices in the heart of Hollywood Boulevard and will oversee talent and script acquisitions. Espada will continue as CEO of Espada Public Relations, the entertainment PR Firm she founded almost 15 years ago.

MAG Film Studios raised the funds for its annual operation in Puerto Rico throught a select group of Puerto Rican private investors and CO-Ops. The studio will actively hire an average of 150 people per film, which means that they must be hiring directly, indirectly and incidentally over 600 people a year, becoming an industry, not an isolated project. Before MAG Film Studios, films were produced in Puerto Rico without a secure distribution channel.

After 4 years of planning and negotiations, MAG Film Studios presents itself to the world as the largest Puerto Rican distributor allied with two modern giants of film distribution: Smith Global Media and MAGNIFY, a digital platform. In June 2017, Smith Global Media signed an exclusive agreement with Sony Pictures. SGM will distribute MAG products worldwide at the theatrical level. MAGNIFY, on the other hand, allows unlimited access to users all over the world, through the internet.

MAG Film Studios is in the process of acquiring a building in Mayagüez, Puerto Rico, for its headquarters. These facilities would constitute the first and largest commercial film studio in Puerto Rico.

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