Paramount Limits Crowdfunding For Fan Films

As reported here and elsewhere, Paramount and CBS have sued the producers of the crowdfunded Star Trek fan film.

Whilst the lawsuit has not yet been dismissed, Paramount has published its new guidelines for the production of fan films, including:

  • film must not  be longer than 15 minutes;
  • the title can’t include the words “Star Trek;”
  • the production must use official merchandise for props;
  • all participants must be amateurs;
  • total crowdfunding  cannot exceed $50,000 “including all platform fees, and when the $50,000 goal is reached, all fundraising must cease;”
  • the production cannot distribute DVDs; and
  • the film must be family friendly.

http://www.startrek.com/fan-films

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About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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