BlockFilm will become the first independent and leading blockchain-based film financing platform in this field. The Canadian production platform will be powered by a strategic partnership with TokenFunder.A groundbreaking exemption order Ontario Securities Commission (OSC), Paving the way for the occurrence of such “tokenized” production financing opportunities.
The decision follows the strict process carried out by OSC’s Launchpad team
Investors who help content production avoid years of waiting before monetizing their investment and give producers access to a broader investment pool.It also allows Block movie Integrate mature and emerging content producers with accredited investors to provide funding for independent media production. The platform supports the creation of compliant financial instruments (securities tokens) to fund and support project budgets.
Security tokens (covering equity, debt and/or income-sharing financing methods) represent potential split ownership or debt instruments, and provide content producers with unprecedented and effective new sources of private capital.
Game changer for content creators
What do the award-winning star producers Damon D’Oliveira, Mary Young Leckie, Ina Fichman, J. Todd Harris and Roland Joffé have in common? They are part of a growing number of industry leaders, and they agree that BlockFilm is a game changer for content creators. Mary Young Leckie, the highest paid producer in Canada, knows that creators must work hard to finance their projects and how many stakeholders are involved in all steps of financing. For Mary, BlockFilm is “a simpler, more democratic, and more painful way of financing movies, and it doesn’t come fast enough.”
In addition to the OSC exemption, BlockFilm is pleased to announce that it has exclusively partnered with TokenGX, an exempt market distributor operating its groundbreaking TokenFunder.com investment and securities token issuance platform, to join and serve the hope of investing in BlockFilm A secure investor token for content producers. In addition to the fully digital “know your customer” onboarding and investment process, TokenFunder also creates the project’s security tokens and distributes them to investors’ digital asset accounts-a process that enables them to conduct digital transactions in the future.
Previously, investors in the film industry had to wait for the entire life cycle (seven to ten years, or even longer) of the project’s distribution path to monetize their investment.
“We are excited about the cooperation with TokenFunder. With the support of blockchain integrity, security and transparency, we are addressing the challenges the industry has faced for decades,” said Pauline Couture, co-CEO of BlockFilm. “The BlockFilm solution for producers and investors is unparalleled today and demonstrates true global leadership. OSC. BlockFilm will be transformative for both content producers and investors. “
TokenGX CEO Alan Wunsche and Pass Fund, Said: “It’s exciting that we will develop a brand-new investment product for investors seeking new forms of returns in this low interest rate environment, and at the same time provide the art world with a wider range of channels to obtain funds and more A cost-effective way to deepen fan engagement.”
In the future, the BlockFilm/TokenFunder partnership will allow content producers to issue rewards to their fans and investors in the form of tokens, which can be collected or exchanged for experience in the film and production industries, and so on. Eventually, the public will be able to provide support to content producers through direct donations. Fans known as “champions” will also be able to receive rewards for supporting projects through their personal social media channels.
At launch, BlockFilm’s first 11 projects from Canada, Europe, and the United Kingdom aimed to raise 19.1 million Canadian dollars in the next 4 to 6 months. BlockFilm currently has 50 projects in preparation, and there is huge continued interest. It is expected to help fund more than 100 projects by the end of next year, and the total financing is expected to be 175 million Canadian dollars.
Accredited investors can invest in these international projects today, as long as they comply with the local laws of their jurisdiction and can resell their tokens to other accredited investors in the TokenFunder market-an industry first.
“BlockFilm was conceived and designed to support the huge demand for producers to obtain new financing sources,” said Suzette Couture, Co-CEO and Chairman of the BlockFilm Board of Directors. “Content producers in Canada and around the world will benefit greatly from our groundbreaking new platform because they connect with a global community of investors and advocates and can now discover and invest in their work.”
BlockFilm aims to showcase projects of various types and formats, and at the same time promote content with social impact as the core, so that investors can connect to “important stories” and use their investment capabilities as a part of participating in the cause they want to support. Kind of way.These projects will ignite fan and community enthusiasm for key topics such as: environment and sustainability; human rights; indigenous people; LGBTQIA2S+ people; people of color; social and political issues; and women
And gender issues.