American Picture House Corp (OTC: APHP) is an independent film finance and intellectual property company that acquires, options, develops, and finances motion picture projects. It makes money through two approaches: structured film finance, where it takes senior secured or first-priority recoupment positions in projects, and owned or controlled intellectual property, where it builds a library by acquiring or optioning scripts and other properties. Under a December 29, 2025 amendment to its agreement with SSS Entertainment, LLC covering projects BARRON'S COVE and POSE, APHP is entitled to 100% of net revenues until it recovers a $1,150,000 priority amount, then 15% of net revenues until SSS reaches its recoupment amount, then 100% thereafter. The company finances operations through equity offerings and debt, including related-party borrowings and a commercial line of credit. As of December 31, 2025, APHP reported a material weakness in internal controls. Bannor Michael MacGregor serves as Chairperson and CEO and controls 18.69% of common shares plus Series A Preferred Shares as of the 10-K filed March 30, 2026.

Revenue model

Priority recoupment distributions from film project net revenues, potential residual participation after recoupment thresholds, and returns from an owned or controlled film and IP library. Financed through equity sales, related-party debt, and a commercial line of credit in the absence of substantial product revenue (per FY2024 and FY2025 filings).

Products and services

Structured film production financing with senior secured and first-priority recoupment positions; acquisition and optioning of intellectual properties and scripts; film development and packaging services including writer engagement, talent attachment, and distribution evaluation; projects include BARRON'S COVE and POSE (per 10-K filed 2026-03-30).

Customers and end markets

Film production companies and project-level entities seeking financing or IP development partnerships. End market is theatrical and other distribution for motion pictures. SSS Entertainment, LLC identified as a counterparty on BARRON'S COVE and POSE projects (per 10-K filed 2026-03-30).

Value-chain role

Film financier and IP developer sitting between IP origination and distribution. Provides senior production loans, holds first-priority recoupment positions, and builds an owned library through acquisition and option strategies. Also engages in development packaging prior to production financing.

Geographic exposure

Primary operations in the United States. Filing notes international risks including foreign regulatory, trade, and IP protection considerations, but no specific international revenue or operations are disclosed in the excerpts.

Source: SEC 10-K, filed 2026-03-30

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