Continuing its string of recent acquisitions, iFilm has acquired script coverage service ScriptShark.com in an undisclosed cash and stock deal.
Site, which was created loosely as a spinoff of film industry dot-com FilmShark, marks iFilm’s fourth acquisition (it most recently acquired StudioXChange) over the past six months and enables the company to connect with aspiring scribes.
Site already has ties to aspiring filmmakers and professional development execs and other industryites through business site iFilmpro.com, which iFilm has recently been focusing on more than its short film offerings on iFilm.
Launched last year by former Scott Free Prods. creative exec Ed Kashiba and Roy Lee, of management and production outfit Bender-Spink, ScriptShark enables writers to have their scripts evaluated by professional entertainment industry “readers” at a charge of $100 per script. Should a script receive positive coverage, writer is introduced to buyers and agents.
Idea of the site was to create an online alternative for development and studio execs to scour for undiscovered scribes. Kashiba created the site while he was at Scott Free.
So far site is getting hundreds of submissions through word of mouth. Nearly 5% of them are getting “considers” or higher, Kashiba said, who will now become iFilm’s veep of writers resources.
“That’s about typical with what I was receiving at Scott Free,” he said.
Active members of ScriptShark’s steering committee include Todd Lieberman, veep at Hyde Park; Doug Davison, veep at Mad Chance; Mark Morgan, veep at Destination; Mark Sourian, creative exec at DreamWorks; Kerry Foster, veep at USA Films; and Kent Kubena, director of development at Matt Damon and Ben Affleck’s Pearl Street Prods.
Fee will give iFilm another revenue source, outside its online advertising and newly acquired publishing venues (Hollywood Creative Directory, Lone Eagle Publishing).
In return, iFilm will enable ScriptShark to ramp up its staff of readers to generate more submissions and launch offerings on the site through iFilm’s other online services.
Site will be housed under the iFilmpro.com business umbrella.
“Ed Kashiba has built an exceptional resource for writers worldwide.” iFilm CEO Kevin Wendle said. “The integration of ScriptShark with iFilm’s other industry resources solidifies our strategy to become the ultimate resource for film industry professionals.”