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I will be moving forward to establish The Elder Gnomes Joint Venture as a legal entity and I will be selling 48% of the Gnomes of New Hope, along with all Management and Ancillary Rights to the Joint Venture. The Joint Venture will be responsible for Licensing, Contracts, Establishing and Overseeing primary operations of each division, Distribution, Marketing and Upper Management. The Board of Directors consists of twelve individuals who have bought onto the board and are hands-on Management Individuals, responsible for Implementation, Delegation and Supervision. The Joint Venture has the first option to buy Image of the Mind Studios when the time is right for that to happen.
In addition to that, at the appropriate time, after all board positions are filled, we will be establishing The Gnomes of New Hope Limited Partnership to fund operations.
Simultaneous to, but shortly after the Joint Venture board positions are filled, IMS Management, Incorporated will be formed as the management arm of Image of the Mind Studios, to oversee Logistics of Production Management and Finance. It will be funded, in part, by the Limited Partnership.
The Gnomes of New Hope Productions, Incorporated will be formed using the proceeds of the GNH/LP and that division is specifically responsible for production activities and scheduling of the project that shares it's name. This entity may be involved in all markets, in particular; supervising all Audio/Visual mediums; Theatre, Feature Film, Television, e-Storybook, including Merchandizing. All contract and Licensing will remain with the Joint Venture and personnel must be reviewed and approved by the same.
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Image of the Mind Studios as a whole, is the source of and responsible for Design, Development and (Prototype & Limited Edition) Production of all Creative Materials : Storybooks (Publishing; hardcopy, Audio/Visual & e-Storybooks), Music Composition & Production, Graphics, Advertising Copy, Film & Video concepts, Animatronics/Puppetry, Festival Production Activity and Prototypes for Ancillary Merchandizing. Mass Production for Merchandizing, First Run Feature Presentation (theatre, Film & Television) and the Distribution of such, is under the purview of the Joint Venture and it's licensees. Image of the Mind Studios will at all times maintain ownership of The Gnomes of New Hope and all the iterations or variations thereof.
At some point, Board members of each division have the option to buy shares in IMS, leading to the entity being a closely held Corporation and eventually a Public Corporation.
IMS Producing Partners;
These subjects will be (and are being) addressed on other blogs that pertain to each division and they will be linked here if and when it is appropriate to do so.
Direct inquiries are Welcomed - AG
