Untold launches crowdfunding platform for entertainment industry

economictimes.indiatimes.com:

Untold.io has announced plans to launch an equity investment platform for Hollywood to connect filmmakers, investors, and distributors to curate and fund mass content. Seeking to democratise the production of a variety of entertainment content, starting with films, Untold.io offers both accredited and non-accredited investors an investment opportunity for a minimum investment of $1,000. The company is observing the digital asset ecosystem to implement blockchain solutions but not limited to payments. Untold is a Securities and Exchange Commission (SEC) registered investment platform.

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“We created Untold to respond to the growing demand for streaming content, and also open the investment opportunity in a way the finance industry has never seen before,” said Ali M Aksu, international film producer, founder and CEO, Untold. All projects go through an extensive due diligence process to feature projects from major and minor studios, senior production houses, and independent producers while offering both retail and institutional investors a simple, cybersecure means to invest, he added. The first project on the platform is titled 'The Comeback Trail,' starring Robert Deniro, Morgan Freeman, and Tommy Lee Jones, to have its US release in November 2022.