Pressman Film, the legendary independent production company behind cinematic classics like Wall Street, American Psycho, Badlands, and The Crow, has teamed up with Republic, a leading global investment platform known for providing access to private opportunities, to raise funds for a development slate of films, enabled by the Avalanche network. The slate offers diversified exposure to upcoming projects, targeting six titles–three from a pre-existing catalog of intellectual properties (IPs) and three new IPs. Given the raise involves development, investors may be able to recoup their investment with a premium as soon as a film goes into production rather than waiting to see if the completed film is successful in the marketplace. Investors also have the opportunity to continue to reap premiums at other milestones, including through a portion of Pressman Film’s producing fee and a portion of their net profit share. After a 12-month holding period, investors may also have the option to trade their shares on a secondary market, similar to stocks.

With a proven track record of deploying $3 billion across various sectors, member of the Financial Industry Regulatory Authority (FINRA) and Securities and Exchange Commission (SEC) registered investment platform Republic aims to enable access to the opportunity for both accredited and unaccredited investors. This raise marks the debut of Republic’s film vertical, which aims to revolutionize the film and entertainment industry by allowing almost anyone worldwide to acquire a financial stake in film projects with the ability to share in the potential financial upside. 

“Republic has long been a pioneer in opening up access to private investment opportunities, and our new film vertical is set to transform how cultural assets like entertainment are financed,” says Marc Iserlis, Head of Film at Republic. “By utilizing blockchain technology, we’re offering filmmakers and investors unprecedented opportunities to address key challenges in the industry. Now, almost anyone worldwide—from seasoned investors to passionate filmgoers—can have a financial stake in the films they believe in. This has the potential to impact the entire value chain by putting more creative and financial control in the hands of filmmakers while letting fans play an active role in shaping the future of cinema.”

"This is truly a unique opportunity for filmgoers to not only share in the financial upside of the development of a slate of films, but it's also a rare opportunity to get behind-the-scenes access into the filmmaking process, from development to release," said Sam Pressman. "My father, Edward R. Pressman, is widely considered a pioneer in our industry for the innovative methods he brought to financing film production across his five-decade career, and now, with the entertainment marketplace amid unprecedented change, it's clearly the time for innovative, new ways to fund creativity and film innovation once again. Alongside our partners at Republic and Avalanche, we are inviting the audience, the fans of cinema, to own a piece of our culture and support the future of filmmaking, be they small independent movies or blockbuster franchises.”

“We are thrilled to see the Pressman Film and Republic teams choose Avalanche as the network on which to launch this momentous raise,” said John Nahas, Chief Business Officer at Ava Labs. “The Avalanche ecosystem continues to prove itself as an ideal platform on which to drive real-world blockchain adoption, including through the tokenization of culturally relevant assets such as film.”

Having produced over 100 world-class motion pictures and helped launch the careers of some of the most prominent figures in the movie industry, Pressman Film focuses on producing bold, daring, and iconic films that celebrate the spirit of independent cinema. This raise epitomizes the web3 ethos of direct engagement, access, and ownership by aligning creators and audiences to ignite the innovation that drives cultural and financial impact. 

For more information about investing in film projects on Republic, visit Republic.com/Pressman.

Want to learn more about the tokenized ecosystem on Avalanche? Join the team at Avalanche Summit LATAM, taking place in Buenos Aires, Argentina, from October 16 to 18, 2024, to witness the future of Avalanche and experience firsthand the innovations that will drive the next wave of blockchain development. Find out more here. 

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About Avalanche Blockchain Network

Avalanche is a high-performance blockchain platform designed for builders who need to scale. Engineered with a revolutionary three-part Layer 1 (L1) architecture, Avalanche is anchored by its Avalanche Consensus Mechanism, ensuring near-instant finality for transactions. The platform also features an open-source Layer 0 (L0) framework, enabling the seamless creation of interoperable Layer 1 blockchains with high throughput on both public and private networks.

Supported by a global community of developers and validators, Avalanche offers a fast, low-cost environment for building the next generation of decentralized applications (dApps). With its unique blend of speed, flexibility, and scalability, Avalanche is the preferred choice for innovators pushing the boundaries of blockchain technology.

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About Pressman Film

Founded in 1969 by legendary producer Edward R. Pressman, Pressman Film is now led by Ed’s son, producer Sam Pressman and a senior management team that includes Paula Paizes and Max Loeb. Pressman Film has produced more than 100 world-class motion pictures and helped launch the careers of some of the most prominent figures in the movie industry. The company focuses on producing bold, daring, and iconic films that celebrate the spirit of independent cinema. Located in Los Angeles, Pressman Film champions emerging filmmakers and takes on challenging subject matters to make culturally lasting and commercially successful artwork.

With more than 50 years of production experience, Pressman Film has produced such movies as Wall Street, American Psycho, Badlands, Thank You for Smoking and The Crow. Edward R. Pressman is credited with helping launch the careers of Christian Bale, Arnold Schwarzenegger, Brian DePalma, Oliver Stone and many others. Edward R. Pressman was also a pioneer in the world of independent film financing, finding new ways to underwrite films and incorporate new technologies to support independent voices and the company today is continuing that legacy and tradition. 

About Republic

Headquartered in New York City, Republic is a global financial firm operating a network of retail-focused investment platforms and an enterprise digital advisory arm. With a deep track record of legal and technical innovation, Republic is known for providing access to new asset classes to investors of all types. Backed by Morgan Stanley, Valor Equity Partners, Galaxy Interactive, Hashed, AngelList and other leading institutions, Republic boasts a global portfolio of over 2,000 companies and a community of nearly three million members in over 150 countries. More than $3 billion has been deployed through investment platforms, funds, and firms within the Republic family of companies. Successful entertainment raises like Skybound (Walking Dead, Invincible), Bucket List Studios, and Lil Pump have raised tens of millions of dollars on Republic, often filling the available allocation in less than 24 hours. Republic has established operations in the US, the UK, EU, the UAE, South Korea, and Singapore.

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