Fundraising Game-Changer

This was a landmark week for US-based film investing. For the past 80 years, those looking to raise funds for their film projects – or film startups – could not declare that they were doing so to the world at large. The law required them to talk to investors individually, one painstaking meeting at a time. Now that the SEC has voted to approve Title II of the JOBS Act, this ban on “General Solicitation” has finally been lifted. Filmmakers will be able to advertise their fundraising publicly, so long as they make reasonable efforts that investors financing the film are accredited. Now promoting publicly on Slated (not only to our members), tweeting, Facebook postings, press mentions, even billboards on Sunset Boulevard will be legal…

Duncan Cork on Google+

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