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Effingham / Statesboro News

July 24 - Medient Studios Masterplan Approved in Effingham County

Category: Statesboro / Effingham Area News

Groundbreaking set for Aug. 29

July 24, 2013 – Medient Studios, Inc. (OTCQB: MDNT) announced this morning that the Property Committee of the Effingham County Industrial Development Authority has formally approved the Master Plan for the Studioplex on the company’s 1,550-acre property.  A major movie studio is under development by the company which states that when completed, it will be “the largest of its kind in the United States.”

All procedural formalities are now complete, and the formal lease agreement will be signed on the Aug. 19, with and a ground breaking ceremony to be held on the Aug. 29, according to the company.

Medient has already initiated engineering, clearing and grading of the property, and the latest approval was the last of “the many critical steps that the company has continued to successfully fulfill,” it stated.  As previously reported, the IDA Board approved the $300 million bond offering which was ratified by the courts on the July 19.

Addressing the members of the Property Committee of the IDA Board, Manu Kumaran, chairman of Medient said that his company was confident of getting the facility functional by the first quarter of 2014. “We want the Studioplex to be an integral part of the local community, something that the entire community can be proud of. As our first slate of movies gets underway, we will have the eyes of the entire world on Effingham. We won’t let you down,” he said.

Medient Studios, Inc is an entertainment content creation company with a strong presence in North America, Europe and India. The company’s management team has approximately 150 years of experience in the motion picture industry and is responsible for producing and/or financing more than 250 movies. “Medient is realigning the content creation process to enable efficiencies of scale and eliminate process waste by building a fully integrated movie and game production facility and campus on a 1,550-acre property in Effingham County, Georgia. Once operational this production facility will be the largest of its kind in the United States,” according to the firm.

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