BlockFilm is to change into the primary impartial and main blockchain-based movie financing platform within the house. The Canadian based mostly manufacturing platform will likely be powered although a strategic partnership with TokenFunder. A groundbreaking Exemption Order by the Ontario Securities Commission (OSC), paved the way in which for this ‘tokenized’ manufacturing financing alternative to occur.
The choice follows a rigorous course of carried out by the OSC’s Launchpad group
and helps buyers in content material manufacturing keep away from multiple-year waits earlier than monetizing their funding, and offers producers entry to wider swimming pools of funding. It additionally permits BlockFilm to deliver content material producers – each established and rising – along with accredited buyers to finance impartial media productions. The platform helps the creation of compliant monetary devices (safety tokens) to fund and help mission budgets.
The safety tokens (masking fairness, debt and/or income share strategies of financing) signify the underlying fractionalized possession or debt devices that present content material producers with unprecedented and environment friendly entry to new sources of personal capital.
Gamechager for content material producers
What do award-winning star producers Damon D’Oliveira, Mary Younger Leckie, Ina Fichman, J. Todd Harris and Roland Joffé, amongst others, have in frequent? They’re a part of a rising of trade leaders who agree that BlockFilm is a gamechanger for content material producers. High-grossing Canadian producer Mary Younger Leckie is aware of how arduous creators must work to finance their initiatives, and what number of stakeholders are concerned within the varied steps to financing. For Mary, BlockFilm is a “far easier, extra democratic and fewer painful solution to finance a movie, and can’t come quickly sufficient.”
Along with the OSC exemption, BlockFilm is happy to announce it has partnered completely with TokenGX, an Exempt Market Vendor working its groundbreaking TokenFunder.com investing and safety token issuance platform, to onboard and serve buyers wishing to put money into BlockFilm content material producers’ safety tokens. Along with its totally digital Know-Your-Consumer onboarding and investing course of, TokenFunder creates and distributes the initiatives’ safety tokens to buyers’ digital asset accounts—a course of which allows them to be digitally traded sooner or later.
Beforehand, movie trade buyers needed to wait out the total lifecycle of a mission’s distribution path (seven to 10 years, and even longer) to monetize their funding.
“We’re enthusiastic about this partnership with TokenFunder. Backed by blockchain integrity, safety and transparency, we’re responding to challenges our trade has confronted for many years,” says Pauline Couture, Co-CEO of BlockFilm. “The BlockFilm answer for producers and buyers is unmatched right now and reveals true world management from the OSC. BlockFilm will likely be transformational for each content material producers and buyers.”
Alan Wunsche, CEO of TokenGX and TokenFunder, stated: “It’s thrilling to assume that we’ll be creating a wholly new class of funding merchandise for buyers who’re in search of new types of returns on this low-interest-rate surroundings, all whereas offering wider entry for the humanities neighborhood to safe funding and deepen fan engagement extra cost-effectively.”
A vivid future
The BlockFilm/TokenFunder partnership will, sooner or later, permit content material producers to concern rewards to their followers and buyers within the type of tokens that may be collected or redeemed for movie and manufacturing trade experiences and extra. Finally, members of the general public will be capable of supply help to content material producers by direct donations. Followers, often known as “champions”, will even be capable of earn rewards for supporting initiatives by their private social media channels.
On the time of launch, BlockFilm’s first 11 initiatives from Canada, Europe and the UK, intention to boost $19.1 million CAD within the subsequent 4 to six months. With 50 initiatives within the pipeline at this second and massive ongoing curiosity, BlockFilm anticipates serving to to fund greater than 100 initiatives by the top of subsequent yr, for a projected complete elevate of $175 million CAD.
Accredited buyers can put money into these worldwide initiatives right now, so long as they adjust to native legal guidelines in their very own jurisdictions, and can be capable of resell their tokens to different accredited buyers within the TokenFunder market – an trade first.
“BlockFilm is conceived and designed to help an immense want amongst producers to entry new sources of financing,” says Suzette Couture, Co-CEO and Chair of BlockFilm’s board. “Content material producers in Canada and around the globe will vastly profit from our groundbreaking new platform as they hook up with a world neighborhood of buyers and champions that may now uncover and put money into their work.”
BlockFilm is designed to showcase initiatives of each style and format whereas selling content material with social impression causes at their coronary heart, in order that buyers can hook up with ‘tales that matter’ and leverage their investing energy as a means of partaking in causes they need to help. These initiatives will ignite the passions of followers and communities on key matters reminiscent of: the surroundings and sustainability; human rights; Indigenous Peoples; LGBTQIA2S+ individuals; Individuals of Color; social and political points; and girls
and gender points.