Many are describing the last minute emergency cash injection into Hei Netword a Christmas Miracle. The Victorville Film Archive’s Gregg Turkgington has made it official and agreed to a significant cash bailout to Hei Network’s operatorating costs. Eariler this year, The Hei Network lost their funding from The Amado Group due to disagreements in programing and management approach, as well as pending legal disputes which remain unsolved.
President of VFA Gregg Tiurkington refused comment regarding the his stake in Hei Network, but reporting can confirm that Turkington’s owndership position is only one part of a larger investment in movie related business resulting in a large settlement achived by him through an incident with the Abado Groupe this year.
All those concerned imagine that the new leadership will include more original programming and support for Hei Network originals like On Cinema At the Cinema, original movies, and hopefully educational resources as in Massage Guide Videos as an example.
A short “memo of understanding” to aquire owndership, is expected to be singed this weekend with a long form contract to follow early next year.
This is a Breaking News Story more information when it becomes available.
