FOR IMMEDIATE RELEASE
Three-Person FINRA Arbitration Panel Rules in Favor of Media Society
Los Angeles, July 27, 2015 – Media Society, whose members-only community of accredited individuals partner with its film studio’s community of highly experienced, successful feature film producers, today announced that a three-person FINRA arbitration panel recently ruled in its favor.
The ruling, which was related to investments at IndieVest, ruled in favor of respondents Wade Bradley and IndieVest. The panel also dismissed all claims against Media Society. As part of the ruling, claimants were ordered to pay the arbitration hearing costs.
“Although we are not surprised at the outcome of this matter, we are pleased to put it behind us so we can focus on more important issues such as the upcoming theatrical release of our latest film ‘Big Stone Gap’ on October 9th,” said Wade Bradley, Chief Executive Officer of Media Society.
He further stated, “The unfounded claims, dating back to 2008/2009, are old news and do not have any impact on our current operations. We are proud of our accomplishments at Media Society and Altar Identity Studios and are very excited about our future.”
About Media Society
Media Society provides its member community the ability to partner with Altar Identity Studios community of highly experienced, successful feature film producers and production companies utilizing its managed-risk strategy to finance, produce and distribute feature films.