Collaboration accelerates IP expansion across
transmedia spectrum, including entertainment content, consumer
products, and location-based destinations
Falcon’s Beyond, a leading fully integrated global entertainment
development company specializing in intellectual property (IP)
creation and expansion, today announced a strategic partnership
with BRON Studios, a leading global media, technology, and
award-winning production company, to co-develop and co-produce
multiple worldwide entertainment properties into feature films,
episodic series, video games, Web3 activations, consumer products,
and location-based entertainment experiences.
Through the collaboration, BRON will leverage its extensive
production pipeline utilizing Epic Games’ Unreal Engine, as well as
its network of award-winning talent, to help Falcon’s Beyond create
episodic series and feature films based on Falcon’s IPs, including
the popular Katmandu franchise. Katmandu Park, a cutting-edge new
theme park, is planned to officially open in Punta Cana, Dominican
Republic by late 2022 or early 2023. Simultaneously, Falcon’s
Beyond will leverage its 360-degree IP Expander™ flywheel to
activate BRON’s IPs across its owned and operated location-based
entertainment destinations, entertainment content platforms, and
consumer products marketplaces.
“This amazing collaboration with BRON leverages our
complementary areas of expertise to create new opportunities for
ongoing fan loyalty and engagement for our respective brands and
IPs,” says Cecil D. Magpuri, CEO of Falcon’s Beyond. “BRON’s
incredible reputation and resources will help make the Katmandu
franchise a premium offering for audiences worldwide, while
Falcon’s will engage our IP expander to activate their powerful IPs
across a wide variety of physical and digital entertainment.”
Aaron Gilbert, CEO of BRON Studios adds, “The opportunity to
collaborate with Falcon’s Beyond to co-develop and co-produce IP
makes this an invaluable partnership for BRON. From Falcon’s vast
knowledge of all-things immersive entertainment to the company’s
impressive Katmandu brand, it’s a thrilling time and opportunity to
work with such an impressive key industry player.”
BRON has been instrumental in more than 120 productions,
including House of Gucci, Joker, Ghostbusters: Afterlife,
Greyhound, and The Survivor, and has built a robust slate of
upcoming IP across all platforms in collaboration with notable
creative and distribution partnerships. The company has been part
of an outstanding 32 Academy Award nominations and 6 wins.
In May, Falcon’s announced a partnership with Moonbug
Entertainment, which centers around the expansion of Moonbug’s
popular CoComelon and Blippi brands into the world of
location-based entertainment.
On July 12, 2022, Falcon’s Beyond announced its entry into a
definitive merger agreement with FAST II, a special purpose
acquisition company (NYSE: FZT), that is expected to result in
Falcon’s Beyond becoming a publicly listed company on Nasdaq. Upon
the closing of the transaction, the new combined company will be
named “Falcon’s Beyond Global” and is expected to be listed on
Nasdaq under the ticker symbol “FBYD.” The transaction is expected
to close in either the second half of 2022 or the first quarter of
2023. For more information about the transaction, please visit
https://www.falconsbeyondglobal.com/investor-relations/.
About Falcon’s Beyond Headquartered in Orlando, Florida,
Falcon’s Beyond is a fully integrated, top-tier experiential
entertainment development enterprise focusing on a 360° IP Expander
model. The company brings its own proprietary and partner IPs to
global markets through owned and operated theme parks, resorts,
attractions, patented technologies, feature films, episodic series,
consumer products, licensing, and beyond. The company has won
numerous design awards and provided design services in 27 countries
around the world, turning imagined worlds into reality.
About BRON BRON is a global media-technology and
award-winning production company committed to furthering the art
and craft of meaningful commercial storytelling. The company works
through an innovative distribution agnostic approach using a blend
of studio co-financing deals and in-house productions to create
film, tv, audio and non-scripted content as well as interactive
gaming, technology, and corporate investments. The company’s
filmmaker-first approach, built on inclusion, innovation, and
respect, has helped BRON solidify creative relationships with elite
talent from an array of backgrounds. BRON has been instrumental in
more than 120 productions and has built a robust slate of upcoming
IP across all platforms. The company has been part of an
outstanding 32 Academy Award® nominations and 6 wins.
Additional Information This communication relates to the
proposed business combination between FAST II and Falcon’s Beyond.
Falcon’s Beyond intends to file a Registration Statement on Form
S-4 with the SEC, which will include a document that serves as a
joint prospectus of Falcon’s Beyond and proxy statement of FAST II,
referred to as a proxy statement/prospectus. A proxy
statement/prospectus will be sent to all FAST II shareholders. No
offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended, or an exemption therefrom. FAST II and
Falcon’s Beyond will also file other documents regarding the
proposed business combination with the SEC. BEFORE MAKING ANY
VOTING DECISION, INVESTORS AND SECURITY HOLDERS OF FAST II ARE
URGED TO READ THE REGISTRATION STATEMENT, THE PROXY
STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT
WILL BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED BUSINESS
COMBINATION AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION.
Investors and security holders will be able to obtain free
copies of the registration statement, the proxy
statement/prospectus and all other relevant documents filed or that
will be filed with the SEC by FAST II or Falcon’s Beyond through
the website maintained by the SEC at www.sec.gov. The documents
filed by FAST II with the SEC also may be obtained free of charge
upon written request to 109 Old Branchville Road Ridgefield, CT
06877. The documents filed by Falcon’s Beyond with the SEC may also
be obtained free of charge upon written request to 6996 Piazza
Grande Avenue, Suite 301, Orlando, FL 32835.
Participants in the Solicitations FAST II, Falcon’s
Beyond and their respective directors and executive officers may be
deemed to be participants in the solicitation of proxies from FAST
II’s shareholders in connection with the proposed business
combination. You can find information about FAST II’s directors and
executive officers and their interest in FAST II can be found in
FAST II’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2021, which was filed with the SEC on March 29, 2022.
A list of the names of the directors, executive officers, other
members of management and employees of FAST II and Falcon’s Beyond,
as well as information regarding their interests in the business
combination, will be contained in the Registration Statement on
Form S-4 to be filed with the SEC by Falcon’s Beyond. Additional
information regarding the interests of such potential participants
in the solicitation process may also be included in other relevant
documents when they are filed with the SEC. You may obtain free
copies of these documents from the sources indicated above.
No Offer or Solicitation This communication does not
constitute an offer to sell or the solicitation of an offer to buy
any securities, or a solicitation of any vote or approval, nor
shall there be any sale of securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. No offering of securities shall be made except by
means of a prospectus meeting the requirements of Section 10 of the
Securities Act, or an exemption therefrom.
Caution About Forward-Looking Statements This
communication includes forward-looking statements. These
forward-looking statements are based on Falcon’s Beyond’s and FAST
II’s expectations and beliefs concerning future events and involve
risks and uncertainties that may cause actual results to differ
materially from current expectations. These factors are difficult
to predict accurately and may be beyond Falcon’s Beyond’s and FAST
II’s control. Forward-looking statements in this communication or
elsewhere speak only as of the date made. New uncertainties and
risks arise from time to time, and it is impossible for Falcon’s
Beyond or FAST II to predict these events or how they may affect
Falcon’s Beyond or FAST II. Except as required by law, neither
Falcon’s Beyond nor FAST II has any duty to, and does not intend
to, update or revise the forward-looking statements in this
communication or elsewhere after the date this communication is
issued. In light of these risks and uncertainties, investors should
keep in mind that results, events or developments discussed in any
forward-looking statement made in this communication may not occur.
Words such as “expect,” “estimate,” “project,” “budget,”
“forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,”
“should,” “believe,” “predict,” “potential,” “continue,” and
similar expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, FAST II’s and Falcon’s Beyond’s expectations with
respect to future performance and anticipated financial impacts of
the business combination, the satisfaction of the closing
conditions to the business combination and the timing of the
completion of the business combination. These forward-looking
statements involve significant risks and uncertainties that could
cause actual results to differ materially from expected results,
including factors that are outside of FAST II’s and Falcon’s
Beyond’s control and that are difficult to predict. Factors that
may cause such differences include, but are not limited to: (1)
changes in domestic and foreign business, market, financial,
political, and legal conditions in general and in the entertainment
industry in particular; (2) the outcome of any legal proceedings
that may be instituted against FAST II, Falcon’s Beyond or any of
its subsidiaries following the announcement of the Merger Agreement
and the transactions contemplated therein, (3) the inability of the
parties to successfully or timely consummate the business
combination or the other transactions contemplated by the Merger
Agreement, including the risk that any regulatory approvals or the
SEC’s declaration of the effectiveness of the proxy
statement/prospectus relating to the transaction are not obtained,
are delayed or are subject to unanticipated conditions that could
adversely affect Falcon’s Beyond or the expected benefits of the
transactions contemplated by the Merger Agreement or that the
approval of the requisite equity holders of Falcon’s Beyond is not
obtained; (4) the occurrence of any event, change or other
circumstance that could give rise to the termination of the Merger
Agreement, (5) volatility in the price of FAST II’s or Falcon’s
Beyond’s securities, (6) the risk that the business combination or
the other transactions contemplated by the Merger Agreement disrupt
current plans and operations as a result of the announcement and
consummation thereof, (7) the enforceability of Falcon’s Beyond’s
intellectual property, including its patents, and the potential
infringement on the intellectual property rights of others, cyber
security risks or potential breaches of data security, (8) any
failure to realize the anticipated benefits of the business
combination or the other transactions contemplated by the Merger
Agreement; (9) risks relating to the uncertainty of the projected
financial information with respect to Falcon’s Beyond; (10) risks
related to the rollout of Falcon’s Beyond business and the timing
of expected business milestones; (11) the effects of competition on
Falcon’s Beyond business; (12) the risk that the business
combination or the other transactions contemplated by the Merger
Agreement may not be completed by FAST II’s deadline and the
potential failure to obtain an extension of its business
combination deadline if sought by FAST II, (13) the amount of
redemption requests made by stockholders of FAST II; (14) the
ability of FAST II or Falcon’s Beyond to issue equity or
equity-linked securities or obtain debt financing in connection
with the business combination or the other transactions
contemplated by the Merger Agreement or in the future; (15) and
those factors discussed in FAST II’s final prospectus dated March
15, 2021 under the heading “Risk Factors,” and other documents FAST
II has filed, or will file, with the SEC.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220726005408/en/
Investor Relations: Brett Milotte, ICR
FalconsBeyondIR@icrinc.com
Media: Phoebe Hicks, Falcon’s Beyond
phicks@falconsbeyond.com
Keil Decker, ICR FalconsBeyondPR@icrinc.com
Eric Becker, ICR FalconsBeyondPR@icrinc.com
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