Sunday, October 12, 2008

Millionaire Arthur Wylie Makes Unprecedented Deal for Tyree Film Rights

Arthur Wylie, the Atlanta-based investor and self-made millionaire, has acquired the film rights of New York Times best-selling author Omar Tyree's work. Wylie's company, Arthur Wylie Productions -- a division of Arthur Wylie Enterprises -- not only holds the film rights to the current novels, but to any future literary works as well.

This unprecedented multi-million dollar deal amplifies Wylie's growing catalog of urban and mainstream action, drama, suspense and comedy films. The deal also cultivates the big screen presence of the Omar Tyree brand and longevity for the franchise. Since acquiring the film rights, Wylie has successfully brokered deals totaling over $50,000,000 to finance production for 4 of the 16 films between 2009 and 2011.

Originally from Charlotte, North Carolina, Arthur Wylie set up business out of his dorm room at the University of North Carolina at Charlotte and was a millionaire by age 26. After establishing a successful real estate company and wealth management business that serviced notable professional athletes in the NFL, NBA and boxing, Wylie continued to be drawn to new business challenges.

Foreseeing cumbersome restrictions, regulations, and an overall downturn in the financial industry, Wylie became more drawn to intellectual property and the profits that ancillary markets provide, such as TV, film, digital, and DVD products. Wylie decided to tap the billion dollar film industry that has been acknowledged by filmmakers like Tyler Perry or Spike Lee and expand the content audiences get from traditional Hollywood producers.

"Omar Tyree's work covers intricate portrayals of urban life -- be it ambition, sex, or parenthood -- that aren't the traditional Hollywood depictions," states Wylie. "This translates into compelling, deeper stories that a movie-going audience can connect with and be moved by."

Millions of loyal readers agree and have found value in Tyree's characters. His critically-acclaimed, modern coming-of-age story, FLYY GIRL, sold over a million copies.

Wylie, who spent his early adulthood as an entertainment promotions manager, is excited by the possibilities of the Omar Tyree brand. Wylie and Tyree's partnership is a unique blend of deal-making acumen and literary artistry; the two have co-written several mainstream titles. In the end, Arthur Wylie's goal is to provide superb films that deliver box office success while giving audiences a top-quality movie going experience.