Santa Monica Pictures, LLC, Perry Lerner, Tax Matters Partner - Page 311

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          titles.50  All of Troma’s film titles are available on its                  
          website, and there are distribution materials such as advertising           
          slicks for them.  Not all of Troma’s films, however, are in                 
          current distribution.51                                                     
               D.  Troma’s Distribution of the EBD Film Library                       
               1.  Distribution History                                               
               SMHC and SMP distributed no films prior to forming their               
          relationship with Troma.  Troma was the only distributor of SMHC            
          films.  Of the 65 film titles in the EBD film library, Troma                
          ultimately distributed six films:  “Astro Zombies”, “Banana                 
          Monster”, “Battle of the Last Panzer”, “Escape from Hell”, “Fist            
          of Fear, Touch of Death”, and “Plutonium Baby”.52                           
               Several of these distributions ran into legal troubles.  On            
          March 27, 1998, Epic Productions informed Troy & Gould that                 
          SMHC’s rights had expired in “Astro Zombies”, “Banana Monster”,             



               50 There are several stars in Troma’s films, including Billy           
          Bob Thornton and Kevin Costner.  The character “Toxic Avenger” is           
          Troma’s ‘Mickey Mouse’, having been featured in four action                 
          movies and a children’s cartoon that Troma distributed.                     
               51 About 200 to 220 of Troma’s film titles have actually               
          been authored and digitized and are out in U.S. distribution on             
          DVD.  The remaining film titles are not in distribution because             
          the process of preparing them for distribution is costly, and               
          because Troma needs to be sure that the market can absorb the               
          number of films that it presents for distribution on a monthly              
          basis.                                                                      
               52 Troma created distribution materials for the eight film             
          titles in the “Wisdom” library.                                             





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