NFT Investments PLC Investment into NFT Studios for a NFT-funded Film (0867U)
December 01 2021 - 2:00AM
UK Regulatory
TIDMNFT
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
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 GBP4 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
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Corporate Adviser
Brian Stockbridge +44 7876 888 011
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Tennyson Securities
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Corporate Broker
Peter Krens +44 207 186 9030
------------------------------
Novum Securities
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Corporate Broker
Colin Rowbury
Jon Belliss +44 207 399 9427
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Tancredi Intelligent Communication
Media Relations
------------------------------
Salamander Davoudi
Charlie Hobbs +44 7957 549 906
Edward Daly +44 7897 557 112
nftinvestments@tancredigroup.com +44 7861 430 057
------------------------------
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/
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