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