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Follow on Google News | Yorkshire Entrepreneur Forming a Business Angel Syndicate to take on HollywoodViralFilmNetwork decimates the current archaic film production and distribution system with a business model that puts the film-going public first.
“The time for change is now. Audience participation as a form of entertainment is big business with savvy businessmen like Simon Cowell building an empire from it. We’re taking the idea of being involved in a project and applying it to the film world to give people a whole new level of interaction,” This is backed by a solid business plan that utilises the cost savings provided by technology and merges it with an incentivised scheme for cast and crew to drastically reduce the cost of producing a film. Initial focus will be on high quality, character driven scripts that can be produced on a low budget. Distribution won’t just be online. For each project there will be a prestigious launch at the Odeon Leicester Square, followed by digital screenings in the UK and beyond using a system that ensures there is always an audience for a screening. The ViralFilmNetwork is currently putting together a business angel syndicate to pool funds for this exciting start-up. The investment brings with it a range of tax breaks for ‘self-certified sophisticated investors’ and ‘certified high net worth individuals’ The ViralFilmNetwork is also eligible to apply to the Angel CoFund. This is a government backed fund that has been created to back enterprise by investing alongside business angel syndicates. Last year the Angel CoFund invested £24 million into a wide range of exciting businesses. The distinct appetite for this type of content is already apparent with crowdfunding websites backing creative projects. As an example since its launch in 2009 Kickstarter has received over $549 million dollars in pledges from over 3.9 million people for a multitude of projects. The market is there and growing fast. The ViralFilmNetwork utilises crowdfunding in the form of a low cost monthly membership fee, providing an unparalleled level of interaction and content. The ViralFilmNetwork gives you the power of a film producer for pocket change. ViralFilmNetwork intends to launch the main website later this year. The team behind the ViralFilmNetwork has a superb blend of IT prowess and creativity. The directors and additional advisers have worked with a wealth of high profile clients including Warner Bros, HSBC, Tesco, Arcadia Group and Hewlett Packard. With film credits ranging from the low budget hit Trainspotting to the blockbuster Gladiator. For more information on the ViralFilmNetwork, the tax benefits of an Enterprise Investment Scheme and also the Angel CoFund please visit the fundraising website at ViralFilmNetwork.com (http://www.viralfilmnetwork.com/ End
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