Want a Piece of the Movie Profits? New SEC Rules Could “Revolutionize” Crowdfunding

Considering crowdfunding for your next film?

The SEC has passed regulations implementing a streamlined securities registration process referred to as “Reg A+,” and it will change the landscape for film financing. These rules permit investment offerings (including for films) to the general public beginning June 19 as long as the following requirements are met:

➻ The offering cannot exceed $50 million within a 12-month period.

➻ The investors cannot invest more than 10 percent of the greater of (a) their annual income or (b) their net worth (excluding their home).

➻ The company making the offer­ing (the “issuer”) has to complete a lengthy document containing detailed information in a format required by the SEC (“Form 1-A”). This document then has to be submitted and approved by the SEC before accepting any investors.

Read the rest at the Hollywood Reporter –>

 

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About Winter Film Awards

Winter Film Awards (WFA) is a volunteer-run and operated celebration of the diversity of local and international film-making. Our Mission is to recognize excellence in cinema and to promote learning and artistic expression for people at all stages of their artistic careers with a focus on nurturing emerging filmmakers and helping them gain recognition and contacts to break into this difficult industry. We pride ourselves on our diverse collection of Festival selections, allowing our audience to enjoy films they normally wouldn’t think to seek out. WFA is a minority- and women-owned registered 501(c)3 non-profit organization.

Posted on June 13, 2015, in Crowdfunding & Fundraising, Filmmaking Tips & Advice and tagged , , . Bookmark the permalink. Leave a comment.

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