Rivulet Entertainment Inc
avrsys.comRivulet Entertainment Inc (OTC: RIVF) is an independent film production company that develops, produces, and seeks to distribute movies outside the major studio system. Revenue is expected to come from sales of movie rights and distribution channels including theatrical release and streaming platforms, though the company reported no meaningful revenue as of the fiscal year ended June 30, 2025. The company operates with an accumulated deficit of approximately $11.0 million, negative working capital of approximately $23.4 million, and cash of $128,089 as of June 30, 2025. A net loss of approximately $5.9 million and cash used in operations of approximately $11.0 million were recorded for the twelve months ended June 30, 2025. The company's auditors flagged substantial doubt about its ability to continue as a going concern. Film costs of approximately $10.5 million were fully amortized during the twelve months ended June 30, 2025 after management concluded no additional revenue from the film was expected.
Products & Services
Independent film production. The company capitalized film costs, which were fully amortized during the twelve months ended June 30, 2025 (approximately $10.5 million). A state of Ohio film production tax credit was pursued during the year ended June 30, 2024.
Revenue Model
Transactional revenue from sales of movie rights. The company also references future capital raises as a liquidity path. No revenue was recognized during the twelve months ended June 30, 2025, per the 10-K filed 2025-10-15.
Customers & Markets
End markets include theatrical exhibition, streaming platforms, and other film distribution channels. Specific customer relationships are not disclosed in the filing excerpts.
Geographic Exposure
Film production activity occurred in the state of Ohio, as referenced by a state tax credit obtained during the year ended June 30, 2024. Broader geographic exposure is not specified in the filing excerpts.
Financial Snapshot
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