ITEM 8.01 OTHER EVENTS.

On October 17, 2012, the Company acquired a 30% ownership of the following films from Mike Criscione, the father of an officer and director. The ownership rights are worldwide and cover every media of distribution.

Independent Films: Seducing Spirts*, Perfect Argument*, The Truth About Layla*, Marina Murders*, Film Struggle*, Divorce in America*, Wonderful Summer*, Living with Cancer*, the Deadliest Weapon, The Frank Dux Story, and the Making of the Baja 1000 Boat Race (* denotes that the Company already possesses distribution rights to that film).

Christian Films by Anna Freitas: The State of being a Pauper; Brokenness before God: the Key to Hallelujah; Many Waters: Finding Your Way; Chosen, Confidence in Christ; Falling in Love as You Follow Christ; Made Beautiful; Dreaming of Heaven; and Recognizing a Fantastic God in Suffering.

AC Green Films (including the Public School version and the Christian audience version for each film): AC Green, the Laker Experience; The AC Green Foundation (Millions of People Can't be Wrong); What You Need to Know About Basketball: the Clinics; AC Green, Kids Across America; AC Green, My Work with NBA Cares; AC Green, the All-Star Experience; AC Green, My Life and Family; AC Green, the College Hall of Fame Experience; AC Green, How to Run a Successful Business; and Hanging Out With AC and the Celebrities.

Gary Canter, The Design Theory and Creationism.

The Company is currently evaluating the fair value of the above properties, and intends to negotiate with Mr. Criscione for the amount and kind of payment to be made.