In a Novel Move, Pressman Film Opens Up its Film Slate for Public Investment The New York-based company behind notable films like Wall Street, Badlan
In a Novel Move, Pressman Film Opens Up its Film Slate for Public Investment
The New York-based company behind notable films like Wall Street, Badlands, The Crow, and American Psycho is making history by inviting the public to invest in its development slate.
As announced yesterday on the Republic platform run by community finance company, Pressman Film aims to revolutionize the traditional crowdfunding model. The slate features both reimagined library titles and new intellectual property that will be revealed at a later stage.
Getting behind the Scenes
“This is a unique opportunity for film enthusiasts to share not only in the financial potential of our slate of films, but also gain insider access to the entire production process – from development to release,” said CEO Sam Pressman, who inherited the company after his father and renowned independent producer, Ed Pressman, passed away last year.
Fundraising and Milestones
In light of the recent industry shifts and challenges faced in Hollywood, Pressman Film’s initiative comes at an ideal time. Before announcing its public offering on Thursday, the company raised an impressive $250,000, exceeding its September 5th goal and increasing it to $335,000. The initial raise period of 78 days still has a deadline before it can reach the funded target of $500,000.
New Blockchain Integration
Vesting schedules will offer participating investors an opportunity to share rewards not only upon project launch but also at different benchmarks throughout production. Moreover, with revenue participation linked to the Avalanche blockchain network, rewards distribution becomes instantaneously effortless.
Frequently Asked Questions
- What are the aims of Pressman Film’s investment slate?
- Reimaging and new intellectual property with opportunities to exceed revenue
- Investor opportunities alongside revenue milestones
- Aimed for an innovative shift within film finance
- Is the investment for high-stakes film financiers?
- The effort caters to public investor inclusion and democratizes
opportunities
- The effort caters to public investor inclusion and democratizes
This ambitious undertaking by Pressman Film embodies a transformation towards community-backed film creation and fosters a platform allowing like-minded individuals to partner and partake in success, thereby shaping a futuristic future in the realm of cinematic productions.
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