Akin Gump Advises XYZ Films in Cryptocurrency-Funded, Blockchain-Distributed Film Financing Deal

December 8, 2017

Reading Time : 1 min

Contact:

Jacinta O'Shea-Ramdeholl

Director of Communications

Sarah Richmond

Senior Communications Manager

(Los Angeles) XYZ Films, Ground Control Entertainment and producer Kyle Franke today announced they are partnering with SingularDTV co-founder and President of Entertainment Kim Jackson to finance and produce NEW FRONTIERS, a sci-fi anthology consisting of five short films, which together will form one feature-length film.

NEW FRONTIERS is the first film production ever to be financed and distributed using blockchain technology and the Ether cryptocurrency, powered by SingularDTV's proprietary apps. The project has a budget of $5 million (or approximately 9000 in Ether currency).

A team from Akin Gump advised XYZ Films in this groundbreaking deal. Entertainment partner Christopher S. Spicer led the team, which also included associate Nick Scott.

Production will start in the first quarter of 2018, and FUTURISM STUDIOS will serve as an executive producer on the project.

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

# # #

Share This Insight

© 2024 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.