Independent Film To Become First Ethereum Financed Movie
The film, The Pitts Family Circus, is set to be the first Ethereum funded film.
Crowdfunding for the film has begun. However, there is a limited amount of shares to buy. The Swiss-based production company, aKenEvilThing, decided to sell just 666 shares to fund the film. Those who invest will have a unique benefit, unlike most crowdsales. The profits from the film will be returned in dividends for the next 20 years.
The Pitts Family Circus is a horror/comedy that follows a circus family around the world. Fans will enjoy circus fun, acrobats, and clowns mixed with elements of horror through devil kids and cannibals. The film is slated to begin filming early next year (2017) in Australia and the Swiss Alps. It is scheduled for a 2018 release.
Read the full press release below and learn more about how to invest:
First Ethereum financed independent film uses smart contract
Crowdfunded movie productions sells limited 666 shares to investors
It has been an exciting year for the Ethereum world computer and its community. Several projects have been founded since the move to Homestead and the ecosystem is still growing rapidly. While Bitcoin is still the internet of money, people now can imagine a little more how Ethereum`s DAPPs and smart contracts could affect our future life. Media and entertainment could be significant parts to distribute our vision to the mainstream audience.
“The Pitts Family Circus“, an low-budget independent film could be one of those projects, which could bring a major interest to the Ethereum ecosystem. While there are several Ethereum projects taking being created, The Pitts Family Circus is the first Ethereum financed movie, which shares the profit of the films production with investing Ethereum holders. There are only 666 limited shares available. Shares are 10 ETH each, but there is also the possible to buy fractional parts of a full share. Token holder can invest in the crowd-sale via an Ethereum smart contract and they will receive a Ethereum based ROI for the next 20 years. In detail shareholders will receive 50 percent of the yearly profit after tax until the year 2036. The movie production and its investment are legal settled on the law of Switzerland and incorporate the benefits of the Swiss tax system.
The horror-comedy will be produced from the early 2017 in Australia and in the alps of Switzerland. The movie will be presented on film-festivals in 2018 and will be screened in in cinemas all around the world.
Effective independent productions, can gain a multiple return-on-investment. If the Ethereum price continues to rise while the movie is being produced, additional resources could be used to improve the film's success and therefore the investor's ROI. Community involvement and active story based placement of Ethereum projects and products could be essential key factors on the roadmap. Finally the project should bring a long-term benefit to investors and will strengthen the community. Interested people can find more [information] on www.the-pitts-circus.com or invest directly with a smart contract: 0x0C7c0b72004A7a66fFa780637427fEd0c4FaAc47
Ethereum financed film production sales 666 shares
Ethereum investors will receive an Ethereum based ROI for 20 years
The Ethereum World Computer recently gained interest by the mainstream media, while smart contracts now also effect the opportunities of film industry. The Pitts Family Circus is the first Ethereum financed movie production. The swiss based production company aKenEvilThing announced their crowdsale of limited 666 shares.
Movie-aficionados and Ethereum holders are now able to invest into the movie production with a simple Ethereum smart contract. The smart contract pays an Ethereum based return on investment in form of yearly dividends until the year 2036. This contract will have an impact on the quality of film and the commercial distribution of the independent movie, as well it promises to bring major advantages back to the Ethereum ecosystem.
The non-documentary, funny and scary horror-comedy will be produced from the beginning of early 2017 in West-Australia, Melbourne and later also in the alps of Switzerland. The indie-film will be presented on film festivals in 2018 and will further find its way to many cinemas all around the planet.
Different to common investments on the stock market, with Ethereum people are now able to invest in real projects which could affect the future of media and entertainment. By sending Ether (ETH) to the smart contract address, investors will buy full shares or fractional parts of it, depending on the amount of Ether they sent to the “The Pitts Family Circus“ smart contract address. To save the investors rights, all legal issues are settled on common Swiss law. There are just 666 shares 10 Ether each available. Each one represents a share on the gained revenue of the independent production. In detail, Ethereum holders who will invest in the crowd sale will receive 50 percent of the generated raw profit after tax on a yearly basis.
That means Ethereum investors will take advantage of half of incoming streams like sold tickets, broadcasting and transmission rights, author`s fees, sold soundtracks and further commercial exploration activities. Referring to the smart contract, the movie production will pay yearly dividends to their shareholder until the may 2036. The international film production promises to bring attention to the Ethereum Virtual Machine (EVM) and its projects. On the one hand crowd interaction will be a factor to involve the Ethereum community. On the other hand the placement of Ethereum projects and products inside the film, should bring a increment value for film and the Ethereum ecosystem and its decentralized applications (DAPPs).
Let us summarise this investment opportunity. With The Pitts Family circus like with every independent movie there is a risk involved, however if the movie is a success it will be a big success since production costs are very low. Moreover, if the movie goes viral, it could be a path-breaking milestone to attract mainstream attention for Ethereum ecosystem and other cryptocurrencies. But hurry on, the project is limited to 666 shares in total!
Details are declared on www.the-pitts-circus.com and Ethereum holders can invest into the crowdfunded Ethereum financed movie by sending Ether to the following smart contract: 0x0C7c0b72004A7a66fFa780637427fEd0c4FaAc47