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FGA Launches The Mega Movie Fund For Independent Film Projects
(January 29, 2018)– Falcon Global Acquisitions (“FGA”) , a private equity firm, has launched their latest fund that is geared towards bridging the gap between film financing and independent film makers.
The Mega Movie Fund (“MMF”) was developed to spearhead an issue in independent film making. This issue is simple, what has always been done in the entertainment industry just continues to be done, this includes filmmakers having limited resources to launch their projects, equity holders worried about the level of risk associated with such projects and the age old issue of how to bridge that gap. Well 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.
Each slate of films include different genres, directors, cast and The Mega Movie Fund provides full project funding via the use of digital assets that is held by the fund. Each film project will incorporate blockchain technology, provided by Megahoot, LLC (www.megahoot.com), for 100% transparency on a step by step basis as the film progresses. The public ledger will show each and every financial transaction and its purpose. This avoids any potential fraud or mismanagement of funds as all funds will be allocated according to the approved budget, which will be verifiable line by line, either by the fund, investor, filmmaking team or general community.
With the issuance of the asset backed MMF coins , any holder in the fund would have a store of value in their accounts and not just an agreement with a long term hold. They will have the ability to trade their MMF coins in one slate of films for coins in another MMF fund, transfer the coins to other private parties for liquidity purposes, trade their MMF coins for other digital assets that are available in the Megahoot Digital Vault, acquire more coins to increase their exposure or just hold onto them for the long haul until all the projects are generating the projected revenue.
The Mega Movie Fund 1, the first of a series, is a $100 million asset backed fund that will contain five independent film projects in the genres of action, drama, thriller, comedy and horror. The maximum total budget per film is $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 filmmakers and have a high level of transparency via the use of blockchain technology.
Independent filmmakers are encourage to submit their treatments for consideration at www.megamoviefunds.com
About Falcon Global Acquisitions
Falcon Global Acquisitions “FGA” was founded in 1998 and is a private equity firm with a keen focus on making acquisitions of viable privately held companies worldwide. FGA is currently making strategic acquisitions of viable manufacturing and technology companies which have synergy as well as vertical integration possibilities with current subsidiaries.
FGA’s primary focus is on companies that have good management in place that may be in need of some type of restructuring. These companies 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 go to www.falconglobalacquisitions.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. in 2018 a digital vault will be launched for highly secure holding of various cryptocurrencies, loyalty tokens and information on/off the Megahoot Network. 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. There will also be the ability to create loyalty tokens and coins aka cryptocurrency on the Megahoot Network. Megahoot LLC is a wholly owned subsidiary of Falcon Global Acquisitions.
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.
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