ATARI - The first movie you can invest in with Bitcoin

This article by the Hollywood Reporter is about the first ICO being used to fund a movie. That movie is ATARI, a biopic on the creator of the famous video game system.

"The plan is to raise as much as $40 million from fans through an initial coin offering — or ICO, a play on the initial public offering that companies go through to begin trading on the stock market. In a process similar to that of more conventional crowdfunding, Vision Tree will sell an asset known as a Bushnell Token to investors, who will get a cut of the film's profits in addition to some power over casting decisions and other aspects of production. "We have the opportunity to really democratize the process and give people the opportunity to co-own the project," says Seraphine, who bought the rights to Atari after it went into turnaround at Paramount."

@jerrybanfield, being a crypto investor, I thought this article would greatly interest you.

Dugan Bridges is an award winning filmmaker whose work has been distributed by Amazon & TimeWarner while featured in the NY Times, USA Today, and MSNBC.

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