Government Backed 50% Tax Break on Income Tax and Capital Gains Tax with ViralFilmNetwork Investment

LEEDS, U.K. - Jan. 10, 2014 - PRLog -- The online film industry is booming with video on demand traffic predicted to be the equivalent of 6 billion DVDs per month by the year 2017. This will push online video into the mainstream with an enormous 69% of consumer internet traffic being video.

A driving force for this increase is the tablet computer. Now a colossal 50% of the UK owns or has access to a tablet computer. With this level of ownership it’s no surprise that the supermarket giant Tesco sold over 400,000 tablets in just over four months and saw its digital film service BlinkBox set its own record with New Year Day sales up by 266%.

A new Yorkshire-based technology start-up wants to capitalise on this exciting tablet explosion by providing a whole new level of entertainment. Not only will you be able to watch films, but you’ll also be able to participate in a films production from script to screen.

This exciting new business qualifies for the governments Seed Enterprise Investment Scheme (SEIS). That provides a variety of generous reliefs including tax relief and capital gains tax relief of up to 50%. This is designed to be an additional incentive to invest in an exciting business like the ViralFilmNetwork.

The ViralFilmNetwork is hoping that the concept of an experience website that allows members to be involved in a myriad of decisions in the production of a feature film will capture the public’s imagination.

Simon Vause, CEO ViralFilmNetwork said: "This is all about the experience! It’s the experience angle that makes us a fantastic gift product that can be targeted as the perfect gift for birthdays, Christmas, Valentine’s day, etc. As a gift product we can be promoted on and offline to an international audience. We’re a much more exciting present idea than socks!"

The ViralFilmNetwork is already thinking about Halloween. This is when the platforms debut feature film is scheduled for a cross platform release. The intention is to make the film a part of peoples Halloween parties. This exciting concept would bring people together from multiple countries.

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Editors Notes:

The ViralFilmNetwork is offering investors a 35% equity stake in the company that is looking to raise £150,000 ­ View the campaign.

Statistics on the market and details on the ViralFilmNetwork service are available in an infographic.

Additional investor incentives include:

●          50% Income tax relief

●          50% Capital Gains tax (CGT) Relief

●          CGT exempt after 3 years