BlockFilm is to change into the primary unbiased and main blockchain-based movie financing platform within the area. The Canadian based mostly manufacturing platform shall be powered although a strategic partnership with TokenFunder. A groundbreaking Exemption Order by the Ontario Securities Fee (OSC), paved the way in which for this ‘tokenized’ manufacturing financing alternative to occur.
The choice follows a rigorous course of performed by the OSC’s Launchpad group
and helps traders 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.
The choice permits BlockFilm to carry content material producers – each established and rising – along with accredited traders to finance unbiased media productions. The platform helps the creation of compliant monetary devices (safety tokens) to fund and help undertaking budgets.
The safety tokens (masking fairness, debt and/or income share strategies of financing) symbolize 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 widespread? 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 laborious creators need to work to finance their initiatives, and what number of stakeholders are concerned within the numerous steps to financing. For Mary, BlockFilm is a “far less complicated, extra democratic and fewer painful technique to finance a movie, and can’t come quickly sufficient.”
Along with the OSC exemption, BlockFilm is happy to announce it has partnered solely with TokenGX, an Exempt Market Seller working its groundbreaking TokenFunder.com investing and safety token issuance platform, to onboard and serve traders wishing to spend money on 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 traders’ digital asset accounts—a course of which allows them to be digitally traded sooner or later.
Beforehand, movie trade traders needed to wait out the total lifecycle of a undertaking’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 resolution for producers and traders is unmatched right now and exhibits true world management from the OSC. BlockFilm shall be transformational for each content material producers and traders.”
Alan Wunsche, CEO of TokenGX and TokenFunder, mentioned: “It’s thrilling to suppose that we’ll be growing a completely new class of funding merchandise for traders who’re looking for new types of returns on this low-interest-rate atmosphere, all whereas offering wider entry for the humanities group to safe funding and deepen fan engagement extra cost-effectively.”
A shiny future
The BlockFilm/TokenFunder partnership will, sooner or later, enable content material producers to subject rewards to their followers and traders within the type of tokens that may be collected or redeemed for movie and manufacturing trade experiences and extra. Ultimately, members of the general public will be capable to provide help to content material producers by means of direct donations. Followers, generally known as “champions”, may also be capable to earn rewards for supporting initiatives by means of their private social media channels.
On the time of launch, BlockFilm’s first 11 initiatives from Canada, Europe and the UK, intention to lift $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 whole increase of $175 million CAD.
Accredited traders can spend money on these worldwide initiatives right now, so long as they adjust to native legal guidelines in their very own jurisdictions, and can be capable to resell their tokens to different accredited traders 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 worldwide group of traders and champions that may now uncover and spend money on their work.”
BlockFilm is designed to showcase initiatives of each style and format whereas selling content material with social affect causes at their coronary heart, in order that traders can hook up with ‘tales that matter’ and leverage their investing energy as a method of participating in causes they need to help. These initiatives will ignite the passions of followers and communities on key subjects reminiscent of: the atmosphere and sustainability; human rights; Indigenous Peoples; LGBTQIA2S+ individuals; Folks of Color; social and political points; and ladies
and gender points.