NEW YORK & SWITZERLAND – Private Equity Firm FGA Partners “FGA” has begun to open up the opportunity for up and coming independent filmmakers to submit their viable projects for funding consideration and to be a part of the Mega Movie Fund ecosystem.
The fund bridges the gap between film financing and independent filmmakers while providing a liquidity option to investors as well as giving new investors a path to participate before, during and even after a project is completed.
There has been an inherent issue in the world of independent filmmaking that has made it increasingly difficult for talented young filmmakers with viable film and television projects to bring those projects to life. The Mega Movie Fund (“MMF”) was developed to spearhead that issue as well as giving investors more freedom with their investments. For the most part investors in independent film projects have dealt with uncertainty and definite illiquidity, not knowing if they would ever see their initial investment returned let alone a profit on what would be a long term hold in most cases.
FGA Partners understands that the acceptance of “What has always been done in the entertainment industry just continues to be done” isn’t acceptable for filmmakers or investors. Independent filmmakers deal with limited resources to launch their projects, equity holders worried about the level of risk associated as well as transparency with such projects and the age old issue of how to bridge that gap. The Mega Movie Fund bridges that gap in a very unique way and makes every attempt to mitigate the risk for current and future equity holders of an independent film project utilizing blockchain technology provided by the team at Megahoot and the leadership of the fund manager in FGA Partners..
Currently the Mega Movie Fund is seeking a dozen viable independent film and television projects with a solid team surrounding it. The projects chosen will be across all genres; each project must have a saleable and solid cast in place, an experienced director and film crew, a completed script, a marketing team and a film or television pitch deck to present for consideration.
“I’ve been involved in the entertainment industry for some time and have seen many friends of mine struggle to see their fantastic projects come to life due to lack of funding and distribution. The Mega Movie Fund is looking to change all of that by giving an opportunity for young talented filmmakers to be seen and heard while doing something that has never been done before which is giving investors a path to liquidity through out the film and television show making process. I’m excited about the prospects and look forward to working closely with independent filmmakers globally.” Stated Alan Goldberg, Head of Business Development for the Mega Movie Fund.
The Mega Movie Funds 1 and 2 are $150 million asset backed funds that will contain a dozen independent film projects in various genres per fund. The maximum total budget per film will be $20 million with a minimum budget of $1 million. All films will be carefully chosen and the screenplay, director, cast, crew & budget will be evaluated to mitigate the risk factors for the fund. The main goal is to produce quality films with talented independent filmmakers and have a high level of transparency via the use of blockchain technology.
Independent filmmakers are encouraged to submit their treatments for consideration at www.megamoviefunds.com or contact the Mega Movie Funds Head of Business Development Alan Goldberg at [email protected]
About FGA Partners
FGA Partners, formerly Falcon Global Acquisitions, was founded in 1998 and is a private equity firm with a keen focus on technology driven companies in the cybersecurity, smart technologies and blockchain technology arenas. The focus is on companies that have synergy with current FGA subsidiaries, companies that may have been mismanaged, may have little to no access to additional capital or may have been stunted due to lack of organic growth.
For more information please go to www.fgapartners.com
About Megahoot LLC
Megahoot is a Technology Company focused on secure private collaboration platforms for business and personal use, incorporating ephemeral messaging, high security, use of cryptography and secure mobility. Products include the Megahoot Vault which is a digital vault for highly secure holding of various cryptocurrencies, loyalty tokens and soon digital documents. With the use of blockchain technology Megahoot will be venturing into various industries from smart homes to health care and more utilizing its blockchain technology platform that will allow corporations globally to create dedicated blockchain networks for their businesses for everything from accounting, logistics, supply chain management, security, education and much more. Megahoot LLC is a wholly owned subsidiary of FGA Partners.
For more information on Megahoot please go to www.megahoot.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in which such offer, solicitation or sale would be unlawful, and qualification under the securities laws of any such state.
This press release contains forward-looking statements. The use of any of the words “anticipate”, “believe”, “expect”, “plan”, “intend”, “can”, “will”, “should”, and similar expressions are intended to identify forward-looking statements. The forward-looking statements contained herein are based on certain key expectations and assumptions made by the Company, including but not limited to expectations and assumptions concerning the receipt of required regulatory approval. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Media ContactCompany Name: FGA PartnersContact Person: Sarah JasperEmail: Send EmailPhone: 646-397-0588Address:99 Wall Street City: New YorkState: NYCountry: United StatesWebsite: www.fgapartners.com
