The Japanese subsidiary of Phillip Securities invested in the Sony production of Hero Island, based in post war Japan. Now it’s planning a security token offering, enabling consumers to invest in the film via digital securities. The technology for the issuance is provided by Securitize Japan, whose parent is backed by BlackRock. The movie is scheduled for release in 2025 but the small lot token issuance of Yen 100,000 ($629) will launch next week on a permissioned blockchain.
Investors can expect to participate in the movie’s revenues, including theatrical distribution, video and broadcast sales. Depending on the size of their investment, they will also receive value added bonuses. That might include merchandise, bonus footage, attending a movie premiere, receiving a promotional poster, or even the inclusion of the investor’s name in the credits. However, it seems the first step is receiving a portion of the box office receipts.
Phillip Securities said the issuance is motivated by a belief in a change in the way movies are produced. It sees a new era in which “producers and supporters work together to create and nurture movies.”
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