Investment into NFT Studios for a NFT-funded Film
01/12/2021 06:59
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RNS Number : 0867U NFT Investments PLC 01 December 2021
Press Release
1 December 2021
NFT Investments PLC
("NFT Investments" or "the Company")
Investment into NFT Studios to Fund Hollywood's First Feature Film Funded by
NFTs
NFT Investments PLC, (AQSE: NFT), an incubator specialising in the market for
non-fungible tokens ("NFTs"), is pleased to announce it has made an investment
of US$1million in NFT Studios Ltd ("NFT Studios"), a production company
funding its films exclusively through NFTs. The investment gives the Company a
20% share in NFT Studios.
NFT Studios, which will produce Hollywood's first feature film funded entirely
by NFTs, is run by Niels Juul, a well-known executive producer in Hollywood
who was behind Martin Scorsese's films 'The Irishman' and 'Silence'. Mr Juul
is currently an executive producer of Mr Scorsese's new Apple-backed Western
epic 'Killers of the Flower Moon' featuring Leonardo DiCaprio as well as
Michael Mann's upcoming 'Ferrari', starring Hugh Jackman.
NFT Studios will operate as a development and production entity out of
premises in Los Angeles, London and Vancouver. It has already secured a number
of fully developed projects that will form part of an exclusive offering to
its community of NFT stakeholders, as well as its theatrical and streaming
distributing partners around the world. www.nftstudios.dev
(http://www.nftstudios.dev)
The Company has committed to provide additional funding lines to NFT Studios,
if necessary and subject to NFT Investments' approval, to secure new content
for future films that will be NFT-funded and produced by NFT Studios.
NFT Studios' first NFT-funded feature film will be Niels Juul's new comedic
drama 'A Wing and a Prayer', a true and moving story about Brian Milton, the
first man to fly around the globe in a microlight in 1998. Mr Milton put his
reputation, marriage, and worldly possessions on the line when he made a bet
at the Reform Club that he could circumnavigate the world in 80 days,
following the route of the late high-profile Reform Club member Phileas Fogg.
He successfully raised £4 million from the Prince of Lichtenstein and set off
from London with a co-pilot, and Sky TV in tow following a large media deal.
Having come half-way around the world, his co-pilot decided to quit after
falling in love with a Russian, leaving Milton with the painful choice of
defeat and loss of honour or trying to finish on his own - a near suicidal
mission.
The film is expected to be a joint US/UK production that will be shot in Malta
and London from April 2022. The director and main cast have already been
identified and the producers intend to announce the film ahead of the Berlin
Film Festival in February.
Jonathan Bixby, Executive Chairman of NFT Investments, said: "I am delighted
to announce our funding and partnership with Niels Juul and his NoFatEgo team
at NFT Studios, and to be part of the first feature film intended to be solely
funded by minting NFT tokens. The funding of a new feature film like 'A Wing
and a Prayer' with NFTs will revolutionise thinking around the production of
new film and media content in the future and NFT Studios is set to play a
leading role. I see tremendous appetite from NFT investors in a product like
this."
Niels Juul, Owner of NoFatEgo, said: "We are in the middle of great transition
in the entertainment business where traditional ways of film funding and
ownership are being uprooted due to the rapid rise of streamers and other
digital platforms. NFT Studios has developed forward-looking strategies which
will be a positive disrupter in the global movie-making industry and which
will further shorten the distance between an engaged community of audiences
and high-calibre writers and directors. NFT Investments' foresight into our
future film production plans and investment into NoFatEgo's efforts to fund
new movies in a non-traditional way will hopefully see many great movies come
to a screen much sooner than otherwise would be the case.
"We want to help stimulate the entire movie-making industry at all levels and
offer an innovative and more effective way for screenwriters in particular to
regain control of their work. We are developing a new creative platform with a
direct connection to participating and investing audiences around the globe. I
look forward to working with Jonathan Bixby and his team to make NFT Studios a
great success and true innovator in Hollywood and beyond."
For further information please contact:
NFT Investments
Jonathan Bixby via Tancredi +44 207 887 7633
Executive Chairman
Neil Thapar
Investor Relations +44 7876 455 323
First Sentinel
Corporate Adviser +44 7876 888 011
Brian Stockbridge
Tennyson Securities
Corporate Broker +44 207 186 9030
Peter Krens
Novum Securities
Corporate Broker +44 207 399 9427
Colin Rowbury
Jon Belliss
Tancredi Intelligent Communication
Media Relations
Salamander Davoudi +44 7957 549 906
Charlie Hobbs +44 7897 557 112
Edward Daly +44 7861 430 057
nftinvestments@tancredigroup.com (mailto:nftinvestments@tancredigroup.com)
About NFT Investments:
NFT Investments plc is an incubator specialising in the market for
non-fungible tokens ("NFTs") and is the first ever NFT vehicle to list in a
major jurisdiction worldwide. The Company invests in a diversified portfolio
of NFTs, cryptocurrency, and/or in companies or funds which have exposure to
NFT or blockchain technology. The Company's leadership team have an extensive
track record in the cryptocurrency sector and previously founded Argo
Blockchain PLC, a global crypto miner. NFT Investments is headquartered in
London, UK and its shares are listed on the Aquis Exchange Growth Market under
the ticker symbol NFT. https://www.nftinvest.pro/ (https://www.nftinvest.pro/)
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