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Scorsese's next film will be fully funded with NFTs

2021-12-06T19:23:17.530Z


The idea for this new funding method comes from Niels Juul, the executive producer behind The Irishman.


The rush for NFTs is spreading to Hollywood.

A Wing and a Prayer,

the next film by star director Martin Scorsese, should be fully funded through the sale of non-fungible tokens.

Simple institutional fans, investors who hold these digital certificates of ownership will receive a share of the film's profits at the box office in return, and they will be able to meet the stars of the feature film, attend the film's premiere and visit the film's. film studios.

See also

The NFT phenomenon at the top of the "ArtReview Power 100 List"

The idea for this new funding method came from Niels Juul, the executive producer behind

The Irishman,

who is currently working with Scorsese on his upcoming Apple film

Killers of the Flowers Moon

starring Leonardo DiCaprio. Niels Juul hopes to raise between 8 and 10 million dollars thanks to the sale of 10,000 NFT to finance his projects. He has just created for the occasion a production company called NFT Studios. The goal is to get around a system that he believes favors big franchise films from Hollywood majors to the detriment of independent feature films, whose success is more uncertain, it often takes years to finance them.

Niels Juul and Martin Scorsese are not the only ones riding the NFT wave, however.

This new way of monetizing intellectual properties is also making the big studios salivate.

At the end of November, for example, Warner Bros. had put up for sale 100,000 NFT around its Matrix franchise.

Source: lefigaro

All news articles on 2021-12-06

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