January 18, 2017 9:47 AM ET


Company Overview of Carolco Pictures, Inc.

Company Overview

Carolco Pictures Inc., together with its subsidiaries, operates as a feature film and television specials production company in the United States. The company specializes in the development and presentation of television programming, including series, specials, pilots, live events, and award shows. It is also involved in the creation of virtual reality content. The company was formerly known as Brick Top Productions, Inc. and changed its name to Carolco Pictures Inc. in January 2015. Carolco Pictures Inc. was founded in 2009 and is based in Boca Raton, Florida.

5550 Glades Road

Suite 500

Boca Raton, FL 33431

United States

Founded in 2009

4 Employees



Key Executives for Carolco Pictures, Inc.

Founder, Chairman of the Board and Chief Development Officer
Age: 45
Compensation as of Fiscal Year 2016.

Carolco Pictures, Inc. Key Developments

Carolco Pictures, Inc. Auditor Raises 'Going Concern' Doubt

Carolco Pictures, Inc. filed its 10-K on Nov 22, 2016 for the period ending Dec 31, 2015. In this report its auditor, Weinberg & Company, P.A., gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Carolco Pictures, Inc. Announces Management Appointments

Carolco Pictures, Inc. appointed Bradley Albert as Director, President and Chief Creative Officer. The company also appointed Justin Morris as Director and Chief Operating Officer. The company also appointed Alexander Bafer as Director, Chairman of the Board and Chief Development Officer. Mr. Albert is an immersive visionary and branding expert. Prior to joining Recall Studios, he served as President of SynappsVR. Mr. Morris is a technology and multi-media veteran with a unique insight into the obstacles facing Virtual Reality and media convergence. Mr. Bafer is a seasoned executive and established entrepreneur, having generated tens of millions of dollars in revenue for companies during his career.

Carolco Pictures, Inc. Announces Management Changes; Announces Amendments to Articles of Incorporation

Carolco Pictures, Inc. announced the appointment of David Cohen as Director and chief executive officer. Concurrently with this appointment, Leonard Lauren and Mr. Kirschen each resigned as a director of the company, and Mr. Kirschen resigned all positions as an officer and employee of the company. Prior to joining the company, Mr. Cohen was a Director of Investment Banking at Newbridge Securities Corporation and National Securities Corp, where he led the underwriting efforts for myriad NASDAQ and NYSE listed public companies. On June 27, 2016, the company amended its Articles of Incorporation to designate each of the Series A Stock and the Series B Stock and on June 22, 2016, pursuant to a resolution of the Board, the Board amended the bylaws of the company, pursuant to authority granted in the bylaws, to set the size of the board at two persons, or such other number as determined by resolution of the board.

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