'...at a time when major studios are scaling back production, Asylum is thriving — or, at least, surviving. The company’s 2009 revenue is estimated at $5 million — an amount that would barely cover Michael Bay’s volumizer per diem but enough to make Asylum a reliably healthy business. And the studio is growing. It recently signed a series of deals to air more than 20 films — both “vintage” mockbusters and new titles — on the Syfy network and other NBC Universal cable channels, and it moved to a new production facility in Burbank, California.
The Asylum has even had a hit of sorts: Mega Shark vs. Giant Octopus, a tongue-in-cheek, non-mockbuster monster-mash starring Lorenzo Lamas and former teen pop star Deborah Gibson. Released last spring, theMega Shark trailer — which ends with a shark devouring an airplane — went viral, garnering nearly 2 million views on YouTube. This helped Mega earn enough of a following to warrant a screening at LA’s cineast-approved ArcLight Hollywood theater...'