Filmmakers Finance With Cryptocurrency

There’s a lot of talk in the film business about using cryptocurrencies to finance motion pictures.

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A few films have (apparently) been successful raising funds, including “”No Postage Necessary,” an indie film paid for and distributed on the Qtum blockchain” as well as “Braid, a psychological horror film” that sold $1.4 million of tokens and was shown at the Tribeca Film Festival.

Others have organized crypto-studios to finance a slate of films under their control, including MovieCoin run by Hollywood insiders, Crowded Cloud, and in the web television space, AlphaNetworks that just supposedly raised $10 million, and SingularDTV.

We’re still in the experimental phase but like the cable companies, the studios should be on high alert.

See: https://cryptobriefing.com/made-for-screen-how-crypto-can-fix-the-movies/

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, balance, Banking, CFTC, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, technology, VC, Venture Capital and tagged , , , , , , , , , , , , , , . Bookmark the permalink.

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