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Volume 7.8M
As of 5:20 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

medient studios inc (MDNT) Snapshot

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52 Week High
08/26/13 - $0.74
52 Week Low
08/1/14 - $0.0001
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medient studios inc (MDNT) Details

Medient Studios, Inc. produces and distributes films primarily in North America, Europe, and India. It provides movies, music acts, and live performance shows under the Medient banner. The company was formerly known as Fairway Properties, Inc. and changed its name to Medient Studios, Inc. in October 2012. Medient Studios, Inc. was founded in 2007 and is based in Savannah, Georgia.

medient studios inc (MDNT) Top Compensated Officers

Task Leader
Total Annual Compensation: $59.0K
Task Leader
Total Annual Compensation: $6.0K
Compensation as of Fiscal Year 2013.

medient studios inc (MDNT) Key Developments

Medient Studios, Inc. announced delayed 10-Q filing

On 08/15/2014, Medient Studios, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Medient Studios, Inc. Announces Favorable Court Ruling

Medient Studios, Inc. announced that the company's former CEO, Manu Kumaran's application for receivership and a preliminary injunction were denied. In addition, the Court awarded attorney fees to the company. While Mr. Kumaran's applications for injunctive relief were denied in full, the underlying litigation which was not the subject of the Court's Order will proceed. The company will vigorously defend the action and expects it to be resolved favorably.

Medient Studios, Inc. Announces Management Changes

Medient Studios, Inc. announced that current board member, Charles Koppelman, has been appointed Chairman of the Board of Directors of Medient Studios, Inc. Manu Kumaran has been terminated as the Company's CEO, effective immediately, and has been replaced by Jake Shapiro. Koppelman served as CEO and Chairman of Martha Stewart Living Omnimedia, Chairman of Steve Madden and Chairman and CEO of EMI Records. Currently he is a member of the Board of Directors of Six Flags Entertainment Corp. Mr. Shapiro is also a former Principal and Vice President at M.H. Meyerson & Company.


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Price/Earnings NM Not Meaningful
Price/Sales 10.3x
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