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Entertainment Legal News
Trump Entertainment Resorts Breaks Ground on New $250 Million, Nearly 800-Room Hotel Tower
ATLANTIC CITY, N.J. -- Trump Entertainment Resorts, Inc. (the "Company") (Nasdaq: TRMP - News) announced today that construction officially commenced in July 2006 on the new, $250 million hotel tower at the Trump Taj Mahal Casino Resort (the "Taj Mahal").
"As we constantly strive to create a more entertaining and exciting atmosphere at each of our properties, the construction of our new hotel tower is planned to greatly increase our guest capacity at the Taj Mahal," said Mark Juliano, the Company's Chief Operating Officer. "As we renovate the casino floor and develop more dining and retail options at the Taj Mahal, these rooms will serve as a critical component of our plan to expand our business and attract more valuable customers."
Completion of the tower construction is expected during the summer of 2008. The new tower is planned to add 786 rooms to the Taj Mahal, which currently has 1,250 rooms in the existing hotel tower. Standing 40 stories high and 450-feet tall, the tower's rooms include 716 generously apportioned standard guest rooms and 70 suites with ocean views. The primary architect on the project is the Friedmutter Group. Read more at yahoo.com/prnews
Treatment is one of the starting blocks in the development process
The treatment takes the outline a step further, adding depth to character and story by filling in missing blanks. The treatment's main purpose is to tell the complete story before setting it in script form. Most are written in prose and range from ten to twenty pages. The treatment is the best place to hammer out initial story and character problems. Unless a script is sold on spec, most buyers require a treatment (or very detailed) outline from its writers before commencement of the actual screenplay. If financed independently, the treatment's often a part of the initial fundraising package.
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Definition:
Variation Margin: Payment made on a daily or intraday basis by a clearing member to the clearing organization based on adverse price movement in positions carried by the clearing member, calculated separately for customer and proprietary positions.
Distributor
Definition:
From studios to exhibitors, the distributor sells viewing rights for a finished film. Somewhat of an intermediary function, distribution creates initial revenue for the source that financed the project. Its basic function is to sell the viewing rights of a motion picture to specifically designated areas. Based on the elements involved in the feature, the costs of these rights vary and are just a fraction of the income for distributors.
Media Plan or Media Buy Plan
Definition:
A part of the communications plan that details how various media will be employed. Identifies the specific schedule of paid placements that have been negotiated for an ad or collection of ads, including the times and programs during which television and radio ads will run, the locations and sizes of billboards that will be placed, the publications and placement within those publications in which print ads will run, etc.
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Selma
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Theodore
Trussville
Tuscaloosa
Wetumpka
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