tZERO, the global leader in blockchain innovation for capital
markets, announced today that it has partnered with BLOQ FLIX, LLC,
the first blockchain entertainment financing company, to provide
technology services to tokenize BLOQ FLIX’s finance options for the
entertainment business. These offerings will feature the
tokenization of entertainment financing using tZERO’s tokenization
protocol technology. JumpStart Securities, LLC will serve as the
placement agent for these offerings.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20190912005517/en/
BLOQ FLIX is a media finance and advisory firm that provides
mini-major studio producers and independent producers with
comprehensive financing solutions to fund the production of feature
films, television programming and digital/online content. To date,
the company’s management has financed or co-financed 30
entertainment projects. Through its partnership with tZERO, BLOQ
FLIX’s entertainment financing capabilities will now be powered by
blockchain technology. As major studios have concentrated their
production capital on big-budget projects and not smaller films,
BLOQ FLIX has focused on that shortfall of needed premium content.
This is a market that is rapidly growing due to distribution
platforms’ increased need for this type of content. BLOQ FLIX
founders Brandon Hogan and Jonathan Helmuth are experienced and
respected individuals in the global entertainment sector who have
collectively raised and managed over $100 million of production
funds and have been involved in different capacities on over 150
entertainment projects. For more information on BLOQ FLIX, please
visit https://www.bloqflix.com/.
tZERO CEO Saum Noursalehi stated, “We are thrilled to partner
with the BLOQ FLIX team to bring a secure and innovative investment
alternative to film financing. Our continued goal is to tokenize
and trade assets that can benefit from blockchain technology, and
digitizing film financing fits this model nicely.”
BLOQ FLIX CEO Hogan, who has worked in the film industry for a
quarter of a century, said, “Hollywood’s entertainment finance
structures need to evolve, and we want to lead this charge to
disrupt traditional media financing. By embracing blockchain
technology, we are streamlining the film and TV funding process and
offering funding access directly to mini-major studios, producers
and experienced indie producers.”
JumpStart CEO Jonathan Self shared, “All of us working together
is a huge opportunity for both BLOQ FLIX and investors to
facilitate a vision of how media could now be financed. There are
enormous synergies in our solution that will enable us to drive
immediate value.”
tZERO is a technology firm that was founded in 2014 with the
goal of utilizing blockchain technology to revolutionize Wall
Street so that financial processes no longer need to rely on
traditional institutional market structures in favor of using
blockchain to bolster and enhance market integrity. tZERO is a
keiretsu company of Medici Ventures, the blockchain subsidiary of
Overstock.com, Inc. (NASDAQ:OSTK).
No Offer, Solicitation, Investment Advice or
Recommendations
This release is for informational purposes only and does not
constitute an offer to sell, a solicitation to buy, or a
recommendation for any security or token, nor does it constitute an
offer to provide investment advisory or other services by tZERO or
any of its affiliates, subsidiaries, officers, directors or
employees. No reference to any specific security or token
constitutes a recommendation to buy, sell or hold that security or
token or any other security or token. Nothing in this release shall
be considered a solicitation or offer to buy or sell any security,
token, future, option or other financial instrument or to offer or
provide any investment advice or service to any person in any
jurisdiction. Nothing contained in this release constitutes
investment advice or offers any opinion with respect to the
suitability of any security or token, and the views expressed in
this release should not be taken as advice to buy, sell or hold any
security or token. In preparing the information contained in this
release, we have not taken into account the investment needs,
objectives and financial circumstances of any particular investor.
This information has no regard to the specific investment
objectives, financial situation and particular needs of any
specific recipient of this information and investments discussed
may not be suitable for all investors. Any views expressed in this
release by us were prepared based upon the information available to
us at the time such views were written. Changed or additional
information could cause such views to change. All information is
subject to possible correction. Information may quickly become
unreliable for various reasons, including changes in market
conditions or economic circumstances.
About tZERO
tZERO Group, Inc. (“tZERO“) is a majority owned subsidiary of
Overstock.com, focusing on the development and commercialization of
financial technology (FinTech) based on cryptographically-secured,
decentralized ledgers – more commonly known as blockchain
technologies. Since its inception, tZERO has pioneered the effort
to bring greater efficiency and transparency to capital markets
through the integration of blockchain technology. For more
information on tZERO, please visit: https://www.tzero.com/.
tZERO is not a registered broker-dealer, funding portal,
underwriter, investment bank, investment adviser or investment
manager, and is not providing brokerage, investment banking or
underwriting services, recommendations or investment advice to any
person, and does not provide any brokerage services. tZERO takes no
part in the negotiation or execution of secondary market
transactions for the purchase or sale of securities and at no time
has possession of investor funds or securities in connection with
such transactions.
About BLOQ FLIX
BLOQ FLIX, LLC is a Montana-based media finance and advisory
firm that provides producers, directors and talent with a
comprehensive financing solution to fund the acquisition,
development and production of film, television and digital/online
content on a worldwide basis.
About JumpStart Securities
Jumpstart Securities is a consultancy, adviser, and investment
banker that distributes securities from issuers with great
potential in an efficient online offering environment and provides
investors with a simple process in which to make capital
investments. Formerly FundAmerica Securities, LLC, Jumpstart
Securities is a broker-dealer registered with the SEC and MSRB, and
is a member of FINRA. Jumpstart Securities is not affiliated with
other entities mentioned herein. For more information on Jumpstart
Securities, visit www.jumpstartsecurities.com.
About Overstock.com
Overstock.com, Inc Common Shares (OSTK) / Digital Voting Series
A-1 Preferred Stock (Medici Ventures’ tZERO platform:OSTKO) /
Series B Preferred (OSTBP) is an online retailer and technology
company based in Salt Lake City, Utah. Its leading e-commerce
website sells a broad range of new products at low prices,
including furniture, décor, rugs, bedding, home improvement, and
more. The online shopping site, which is visited by nearly 40
million customers a month, also features a marketplace providing
customers access to millions of products from third-party sellers.
Overstock was the first major retailer to accept cryptocurrency in
2014, and in the same year founded Medici Ventures, its
wholly-owned subsidiary developing and accelerating blockchain
technologies to democratize capital, eliminate middlemen, and
re-humanize commerce. Overstock regularly posts information about
the company and other related matters on the Newsroom and Investor
Relations pages on its website, Overstock.com. O, Overstock.com,
O.com, Club O, Main Street Revolution, and Worldstock are
registered trademarks of Overstock.com, Inc. Other service marks,
trademarks and trade names which may be referred to herein are the
property of their respective owners.
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Such
forward-looking statements include all statements other than
statements of historical fact. Additional information regarding
factors that could materially affect results and the accuracy of
the forward-looking statements contained herein may be found in the
Company's Form 10-Q for the quarter ended June 30, 2019, which was
filed with the SEC on August 8, 2019, and any subsequent filings
with the SEC.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190912005517/en/
Media Contacts: tZERO Alexandra Sotiropoulos,
+1-347-293-1416 asotiropoulos@tzero.com
BLOQ FLIX Jonathan Helmuth jon@bloqflix.com
Jumpstart Securities LLC Jonathan Self
info@jumpstartsecurities.com
Investor Contact: tZERO Michael Mougias,
+1-347-293-1248 mmougias@tzero.com
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