| WRIT Stock | | | USD 0 0.0003 20.00% |
Chairman
Mr. Eric Mitchell is Chairman of the Board, President, Chief Executive Officer, Chief Financial Officer and Treasurer of Writ Media Group, Inc. Mr. Mitchell has over 20 years of financial, business development, and strategic planning experience in the motion picture industry. Mr. Mitchell started his career in 1990 as an executive with Sony Pictures Entertainment TriStar Pictures division. At Sony, Mr. Mitchell was responsible for overseeing strategic planning, financial planning, and business development within the motion picture group. His acquisition, business affairs, and financial talents helped Sony gain domestic and certain foreign film rights to blockbuster hits CLIFFHANGER, SNIPER, THREESOME, and WEEKEND AT BERNIES 2. Eric negotiated and secured theatrical video rights to SWAN PRINCESS for Columbia TriStar Home Video, and this title became the highest grossing family title for CTHV and spawned three sequels since 2017.
| Age | 56 |
| Tenure | 7 years |
| Phone | 702 751 2958 |
| Web | https://www.writmediagroup.com |
Mitchell also assisted TriStar Vice Chairman in acquiring multipicture distribution rights with Carolco Pictures, which generated $250 million in profit, the most ever in TriStar history, generating such hits as LA STORY, UNIVERSAL SOLDIER, THE DOORS, TOTAL RECALL, BASIC INSTINCT, and TERMINATOR 2. As an advisor to the Chairman, Mr. Mitchell helped newlyformed Crusader Entertainment raise over $300 million for overhead and motion picture financing from investor Philip Anschutz and Anschutz Entertainment Group . Crusader was owned by producers Howard and Karen Baldwin and AEG, and over a four year period produced eight motion pictures, including such memorable films as Oscar and Golden Globe awardwinning RAY and action blockbuster SAHARA.
WRIT Media Management Efficiency
The company has return on total asset
(ROA) of
(0.1162) % which means that it has lost $0.1162 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity
(ROE) of
(0.2715) %, meaning that it created substantial loss on money invested by shareholders. WRIT Media's management efficiency ratios could be used to measure how well WRIT Media manages its routine affairs as well as how well it operates its assets and liabilities.
WRIT Media Group currently holds 229.91
K in liabilities with Debt to Equity
(D/E) ratio of 0.06, which may suggest the company is not taking enough advantage from borrowing. WRIT Media Group has a current ratio of 0.66, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist WRIT Media until it has trouble settling it off, either with new capital or with free cash flow. So, WRIT Media's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like WRIT Media Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for WRIT to invest in growth at high rates of return. When we think about WRIT Media's use of debt, we should always consider it together with cash and equity.
Similar Executives
WRIT Media Group, Inc., through its subsidiaries, operates as a content creation company worldwide. The company was formerly known as Writers Group Film Corp. and changed its name to WRIT Media Group, Inc. in January 2014. Writ Media operates under Entertainment classification in the United States and is traded on OTC Exchange. WRIT Media Group [WRIT] is a
Pink Sheet which is traded between independent brokers as part of over-the-counter (OTC) trading.
Management Performance
WRIT Media Group Leadership Team
Elected by the shareholders, the WRIT Media's board of directors comprises two types of representatives: WRIT Media inside directors who are chosen from within the company, and outside directors, selected externally and held independent of WRIT. The board's role is to monitor WRIT Media's management team and ensure that shareholders' interests are well served. WRIT Media's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, WRIT Media's outside directors are responsible for providing unbiased perspectives on the board's policies.
WRIT Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is WRIT Media a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
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