tZERO Partners with Entertainment Financing Company BLOQ FLIX to Tokenize Films
NEW YORK--(BUSINESS WIRE)--Sep 12, 2019--
tZERO, the global leader in blockchain innovation for capital markets, announced today that it has partnered with BLOQ FLIX, LLC, the first blockchain entertainment financing company, to provide technology services to tokenize BLOQ FLIX’s finance options for the entertainment business. These offerings will feature the tokenization of entertainment financing using tZERO’s tokenization protocol technology. JumpStart Securities, LLC will serve as the placement agent for these offerings.
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BLOQ FLIX is a media finance and advisory firm that provides mini-major studio producers and independent producers with comprehensive financing solutions to fund the production of feature films, television programming and digital/online content. To date, the company’s management has financed or co-financed 30 entertainment projects. Through its partnership with tZERO, BLOQ FLIX’s entertainment financing capabilities will now be powered by blockchain technology. As major studios have concentrated their production capital on big-budget projects and not smaller films, BLOQ FLIX has focused on that shortfall of needed premium content. This is a market that is rapidly growing due to distribution platforms’ increased need for this type of content. BLOQ FLIX founders Brandon Hogan and Jonathan Helmuth are experienced and respected individuals in the global entertainment sector who have collectively raised and managed over $100 million of production funds and have been involved in different capacities on over 150 entertainment projects. For more information on BLOQ FLIX, please visit https://www.bloqflix.com/.
tZERO CEO Saum Noursalehi stated, “We are thrilled to partner with the BLOQ FLIX team to bring a secure and innovative investment alternative to film financing. Our continued goal is to tokenize and trade assets that can benefit from blockchain technology, and digitizing film financing fits this model nicely.”
BLOQ FLIX CEO Hogan, who has worked in the film industry for a quarter of a century, said, “Hollywood’s entertainment finance structures need to evolve, and we want to lead this charge to disrupt traditional media financing. By embracing blockchain technology, we are streamlining the film and TV funding process and offering funding access directly to mini-major studios, producers and experienced indie producers.”
JumpStart CEO Jonathan Self shared, “All of us working together is a huge opportunity for both BLOQ FLIX and investors to facilitate a vision of how media could now be financed. There are enormous synergies in our solution that will enable us to drive immediate value.”
tZERO is a technology firm that was founded in 2014 with the goal of utilizing blockchain technology to revolutionize Wall Street so that financial processes no longer need to rely on traditional institutional market structures in favor of using blockchain to bolster and enhance market integrity. tZERO is a keiretsu company of Medici Ventures, the blockchain subsidiary of Overstock.com, Inc. (NASDAQ:OSTK).
No Offer, Solicitation, Investment Advice or Recommendations
This release is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security or token, nor does it constitute an offer to provide investment advisory or other services by tZERO or any of its affiliates, subsidiaries, officers, directors or employees. No reference to any specific security or token constitutes a recommendation to buy, sell or hold that security or token or any other security or token. Nothing in this release shall be considered a solicitation or offer to buy or sell any security, token, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in this release constitutes investment advice or offers any opinion with respect to the suitability of any security or token, and the views expressed in this release should not be taken as advice to buy, sell or hold any security or token. In preparing the information contained in this release, we have not taken into account the investment needs, objectives and financial circumstances of any particular investor. This information has no regard to the specific investment objectives, financial situation and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors. Any views expressed in this release by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change. All information is subject to possible correction. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances.
tZERO Group, Inc. (“tZERO“) is a majority owned subsidiary of Overstock.com, focusing on the development and commercialization of financial technology (FinTech) based on cryptographically-secured, decentralized ledgers – more commonly known as blockchain technologies. Since its inception, tZERO has pioneered the effort to bring greater efficiency and transparency to capital markets through the integration of blockchain technology. For more information on tZERO, please visit: https://www.tzero.com/.
tZERO is not a registered broker-dealer, funding portal, underwriter, investment bank, investment adviser or investment manager, and is not providing brokerage, investment banking or underwriting services, recommendations or investment advice to any person, and does not provide any brokerage services. tZERO takes no part in the negotiation or execution of secondary market transactions for the purchase or sale of securities and at no time has possession of investor funds or securities in connection with such transactions.
About BLOQ FLIX
BLOQ FLIX, LLC is a Montana-based media finance and advisory firm that provides producers, directors and talent with a comprehensive financing solution to fund the acquisition, development and production of film, television and digital/online content on a worldwide basis.
About JumpStart Securities
Jumpstart Securities is a consultancy, adviser, and investment banker that distributes securities from issuers with great potential in an efficient online offering environment and provides investors with a simple process in which to make capital investments. Formerly FundAmerica Securities, LLC, Jumpstart Securities is a broker-dealer registered with the SEC and MSRB, and is a member of FINRA. Jumpstart Securities is not affiliated with other entities mentioned herein. For more information on Jumpstart Securities, visit www.jumpstartsecurities.com.
Overstock.com, Inc Common Shares (OSTK) / Digital Voting Series A-1 Preferred Stock (Medici Ventures’ tZERO platform:OSTKO) / Series B Preferred (OSTBP) is an online retailer and technology company based in Salt Lake City, Utah. Its leading e-commerce website sells a broad range of new products at low prices, including furniture, décor, rugs, bedding, home improvement, and more. The online shopping site, which is visited by nearly 40 million customers a month, also features a marketplace providing customers access to millions of products from third-party sellers. Overstock was the first major retailer to accept cryptocurrency in 2014, and in the same year founded Medici Ventures, its wholly-owned subsidiary developing and accelerating blockchain technologies to democratize capital, eliminate middlemen, and re-humanize commerce. Overstock regularly posts information about the company and other related matters on the Newsroom and Investor Relations pages on its website, Overstock.com. O, Overstock.com, O.com, Club O, Main Street Revolution, and Worldstock are registered trademarks of Overstock.com, Inc. Other service marks, trademarks and trade names which may be referred to herein are the property of their respective owners.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include all statements other than statements of historical fact. Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-Q for the quarter ended June 30, 2019, which was filed with the SEC on August 8, 2019, and any subsequent filings with the SEC.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190912005517/en/
CONTACT: Media Contacts:
Alexandra Sotiropoulos, +1-347-293-1416
Jumpstart Securities LLC
Michael Mougias, +1-347-293-1248
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: OTHER TECHNOLOGY TECHNOLOGY ENTERTAINMENT GENERAL ENTERTAINMENT
SOURCE: tZERO Group, Inc.
Copyright Business Wire 2019.
PUB: 09/12/2019 08:37 AM/DISC: 09/12/2019 08:37 AM