By Ray Pride Pride@moviecitynews.com

MovieCoin Launches Revolutionary Blockchain-Based Entertainment Financing Fund and Platform Innovative System Will Democratize Hollywood Investment

Posted Wednesday, May 9th, 2018 - Comments Off on MovieCoin Launches Revolutionary Blockchain-Based Entertainment Financing Fund and Platform Innovative System Will Democratize Hollywood Investment
Be Sociable, Share!

Opportunities and Bring Unprecedented Transparency and Enhanced Payment Processes to Industry Financial Transactions

May 7, 2018 – Los Angeles, California, USA – MovieCoin (the “Company”) has launched a transformational entertainment industry financing fund that will offer qualified investors an unprecedented opportunity to invest in Hollywood films, television programs and other strategic assets using a blockchain-based financing platform and cryptographic tokens that will dramatically increase stakeholder transparency and significantly improve industry accounting and payment practices.

The Company is issuing a token (the “Fund token”) to raise capital that will be invested in movies, television programs and other entertainment industry assets. Each Fund token will represent an ownership interest in the projects financed by the Fund. The Company expects these tokens to afford investors infinite divisibility and enhanced liquidity when compared to existing industry investment vehicles. Fund tokens will only be sold to accredited investors under Regulation D and to non-U.S. persons under Regulation S of the United States Securities Exchange Act.

The MovieCoin financing platform will tokenize the films and television programs the Company plans to finance using BANKEX’s Proof-of-Asset Protocol, smart contracts and smart asset assembly. The platform will provide financiers and other institutions with an immutable, transparent ledger of all of the expenditures, receipts, entitlements and ownership of each project the Company finances.

In addition to the Fund token, the Company is also issuing a token called “Moviecoin” that will enable consumers to purchase movie tickets, buy or rent films or television programs on DVD and Blu-ray or through transactional video on demand (VOD) services and subscribe to programming offered by other VOD and pay television providers. Payments made in Moviecoin will be recorded on the blockchain and promptly distributed to each project’s lenders, investors, distributors, guilds and profit participants, bypassing the bottlenecks and middlemen that currently encumber Hollywood accounting systems. Together, the MovieCoin platform and Moviecoin token will provide all of a project’s financial participants with an end-to-end view of the financing, distribution and exploitation of that project, from acquisition through every window in which consumers buy, rent or subscribe to view content.

“The ability to invest in the $2 trillion-a-year global entertainment industry has traditionally been off-limits to all but a handful of banks and privileged insiders,” said Christopher Woodrow, Chairman and CEO at MovieCoin. “Our platform and token are game changers in that they will radically transform the ways in which motion pictures, television programs and other media projects are funded.”

Igor Khmel, Founder and CEO at BANKEX, added, “The increase in transparency introduced by the platform makes the tokenized asset clear and understandable to institutional investors and the professional finance community. It represents the first commercial case of real asset tokenization, globally and in the U.S., and is one of the clearest examples of how best-in-class technology and innovative thinking is being combined to completely reshape a hardened industry sector like film production with the help of blockchain technology and the digital asset economy.”

+++

About MovieCoin

MovieCoin is a next-generation entertainment industry financing platform built on blockchain technology. The company offers investors an unprecedented opportunity to directly participate in the financing of Hollywood movies and TV shows with complete transparency regarding where their money is spent and how their investments perform. MovieCoin will accelerate investor returns, enhance liquidity and eliminate outdated accounting and payment processes that in the past have discouraged investment and negatively affected returns. The Company is led by a highly experienced team of accomplished industry professionals with extensive expertise spanning investment banking, portfolio management, corporate and entertainment law, and film financing, production and distribution. For more information, please visit www.moviecoinco.com.

About BANKEX

BANKEX is a leading bank-as-a-service enterprise and financial technology firm that utilizes the Proof-of-Asset Protocol to allow asset owners to convert and sell their assets as digital products. Using standardized Fintech solutions, BANKEX aims to bridge the gap between the emerging blockchain sector and traditional finance with neat IT solutions. For more information, please visitwww.bankex.com.

 

Be Sociable, Share!

Posted in Movie City News, Press Releases | Comments Off on MovieCoin Launches Revolutionary Blockchain-Based Entertainment Financing Fund and Platform Innovative System Will Democratize Hollywood Investment

Comments are closed.

Quote Unquotesee all »

It shows how out of it I was in trying to be in it, acknowledging that I was out of it to myself, and then thinking, “Okay, how do I stop being out of it? Well, I get some legitimate illogical narrative ideas” — some novel, you know?

So I decided on three writers that I might be able to option their material and get some producer, or myself as producer, and then get some writer to do a screenplay on it, and maybe make a movie.

And so the three projects were “Do Androids Dream of Electric Sheep,” “Naked Lunch” and a collection of Bukowski. Which, in 1975, forget it — I mean, that was nuts. Hollywood would not touch any of that, but I was looking for something commercial, and I thought that all of these things were coming.

There would be no Blade Runner if there was no Ray Bradbury. I couldn’t find Philip K. Dick. His agent didn’t even know where he was. And so I gave up.

I was walking down the street and I ran into Bradbury — he directed a play that I was going to do as an actor, so we know each other, but he yelled “hi” — and I’d forgot who he was.

So at my girlfriend Barbara Hershey’s urging — I was with her at that moment — she said, “Talk to him! That guy really wants to talk to you,” and I said “No, fuck him,” and keep walking.

But then I did, and then I realized who it was, and I thought, “Wait, he’s in that realm, maybe he knows Philip K. Dick.” I said, “You know a guy named—” “Yeah, sure — you want his phone number?”

My friend paid my rent for a year while I wrote, because it turned out we couldn’t get a writer. My friends kept on me about, well, if you can’t get a writer, then you write.”
~ Hampton Fancher

“That was the most disappointing thing to me in how this thing was played. Is that I’m on the phone with you now, after all that’s been said, and the fundamental distinction between what James is dealing with in these other cases is not actually brought to the fore. The fundamental difference is that James Franco didn’t seek to use his position to have sex with anyone. There’s not a case of that. He wasn’t using his position or status to try to solicit a sexual favor from anyone. If he had — if that were what the accusation involved — the show would not have gone on. We would have folded up shop and we would have not completed the show. Because then it would have been the same as Harvey Weinstein, or Les Moonves, or any of these cases that are fundamental to this new paradigm. Did you not notice that? Why did you not notice that? Is that not something notable to say, journalistically? Because nobody could find the voice to say it. I’m not just being rhetorical. Why is it that you and the other critics, none of you could find the voice to say, “You know, it’s not this, it’s that”? Because — let me go on and speak further to this. If you go back to the L.A. Times piece, that’s what it lacked. That’s what they were not able to deliver. The one example in the five that involved an issue of a sexual act was between James and a woman he was dating, who he was not working with. There was no professional dynamic in any capacity.

~ David Simon