MovieCoin has launched an entertainment industry financing fund that will offer qualified investors an opportunity to invest in Hollywood films, television programs and other strategic assets using a blockchain-based financing platform and cryptographic tokens that will increase stakeholder transparency and improve industry accounting and payment practices.
The company is issuing a token – ‘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. MovieCoin 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.