Today blockchain firm tZERO an Overstock subsidiary, announced it has partnered with blockchain-based entertainment financing company BLOQ FLIX. It will use tZERO’s platform to tokenize entertainment financing, with JumpStart Securities as the placement agent for these offerings.
This is the second such deal by tZERO. Two months ago it announced a partnership with Vision Tree, to help the latter finance “
Atari: Fistful of Quarters” movie through tokenization. Previous announcements about blockchain financing have focused on big-budget films. But the deal with BLOQ FLIX focuses on small to medium budget productions.
BLOQ FLIX aims to fund the production of feature films, television programming and online content, which are in demand from streaming and OTT media service providers like Hulu and Netflix. BLOQ FLIX was founded by Brandon Hogan and Jonathan Helmuth, who have collectively managed $100 million of production funds in the past.
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