American Picture House Corporation (OTC:APHP) Stock Surges 195: What’s the Buzz?
This morning, investors are expected to be on the lookout for those stocks that were among the major movers on Wednesday. There were a number of stocks that managed to make notable gains yesterday, and one of those was American Picture House Corporation (OTC:APHP), which saw its stock soar by as much as 19%.
As the name suggests, it is an entertainment company involved in the production of limited series, entertainment-enhancing technologies, and feature films. Yesterday, it was in focus after it provided a corporate update for its shareholders. The company announced yesterday that it supported the ideals that led to the two movie industry strikes led by the Screen Actors Guild and Writers Guild of America. The company went on to note that it joined the many reasonable voices that urged a timely and fair resolution of the strikes.
On Wednesday, the company also announced that it had started the pre-production work on two feature films, Devil’s Half Acre and Ask Christine. American Picture House Corporation noted that both films were subject to interim agreements that had been signed with the Screen Actors Guild.
The production for both projects had been planned for some point later this year or early next year. Ask Christine would be a thriller/horror film set in a small town in the United States, while Devil’s Half Acre would be a period drama set in the 1870s with maritime aspects. The company revealed that later on in 2023 it aimed to make an announcement about a full slate of films, which would also include a historical drama centered on CIA heroes titled The Secret War.
On August 17, the company announced that it had filed a Form 10 registration statement with the United States Securities and Exchange Commission. The filing more detailed information about the company, like historical financial information, a description of its strategies and business, and other important financial as well as legal disclosures.
Additionally, the company also announced that it welcomed the appointments of William J. Macdonald and Thomas Rauker to its board of directors. The Chief Executive Officer of American Picture House Corporation, Brian Michael Macgregor, spoke about the appointments. He noted that everyone at the company was pleased with the appointments. He went on to state that Rauker would bring considerable executive leadership skills to the board, while Macdonald would provide a treasure trove of knowledge about the entertainment industry to the management.
In the news release from the company, it was further noted that at the time of the appointment, Rauker served as the Chief Operating Officer and President of Aidentified LLC, an artificial intelligence-powered data and intelligence firm. He had been in those positions since June last year. Macdonald served as the Chief Creative Officer of Asteri Networks at the time of the appointment. He had been in the position as far back as December 2017. He is also a television producer and writer for American film and television productions.