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Saturday, November 25, 2017

Business Plan and Contracts

With the Storybook and Libretto now integrated as a companion set, so a comparison can be made as to how the story interprets on the stage, certain contracts are under review and refinement. Most specifically, the Front Money Agreement. My immediate goal with Front Money is to raise 150k. We need to finish the artwork for illustration and I want to upgrade some equipment.

Although these producing activities are critical to advancement, I have concluded that my focus of attention needs to be on refining the studio environment. The Studio is the foundation of our producing activities and the assorted work areas and resource management elements need to be as refined and functional as possible to meet any demand that we generate. So rather than push for external production activities, I am focusing on internal activities. I expect to employ, or partner with, other producers who will supervise the assorted external production in accordance with the range of venues that we will be approaching.

From my point of view, there are a few primary areas of attention in regard to internal activities; 1) product development/prototyping of animatronics 2) little theatre production, which may utilize puppetry and animatronics 3) preparations for a parade presentation, also utilizing puppetry & animatronics 4) animation/claymation and puppetry for cinema. 5) redesign of the larger show for smaller venues and a Premiere at the Bucks County Playhouse leading into a tryout tour.

There are casting issues with the show as a whole. I have always been concerned with how to convey the Gnomes using live actors. Besides a very delicate casting in terms of size and shape, it is difficult to add the performance abilities required in terms of musical theatre. So that being the case, I believe that a film production should be mounted simultaneous with the stage presentation. In this way we will be able to capture the performances for film, when we do find a suitable cast, before the ultimate and inevitable decay of the production activities will occur.

In this way we can capture the freshness and enthusiasim of the first (fully balanced) production company. It is possible that waiting on the film might produce better results, but I am leery about that. I'd like to avoid having it become stale or loosing momentum.

In my mind, the full range of production activities benefits from interacting on a synchronious basis, if for no other reason than that the risk is amortized, but also because the marketing elements are not only shared, but also retain their effectiveness and support multiple markets.

So to address the Business Plan; the plan calls for four organizations. Presuming this project isn't sold outright, the organizations are as follows; 1) Image of the Mind Studios; development/manufacturing 2) The Elder Gnomes Joint Venture; finance/management supervision/implementation 3) IMS Management, Incorporated; logistical support across the board 4) The Gnomes of New Hope Productions; theatrical/cinema/television/media production implementation.

The details of all these activities and review of the Core Creative Materials requires a signed Restrictive Covenant Agreement, which I believe is posted on IMS Producing Partners blog. I always invite serious investors or producers to visit the studio to discuss this, as I expect this will be the only way to engage, since I am up to my ears in work to do there and I am not planning on doing much road work for the foreseeable future.

I'll try to post more definitive information on IMS Producing Partners, but for now I am building an internal server which is required for improved management of that blog site as a tool for communicating with our investors and principle personnel. So more detailed information will most likely, if not certainly, wait until that server is up and running.

AG