Click to Skip Ad
Closing in...
Indiegogo Video: 'Dear White People' Breaks Domestic Box Office Record for a Crowdfunded Film Indiegogo Video: 'Dear White People' Breaks Domestic Box Office Record for a Crowdfunded Film These Films & TV Series Are Leaving Netflix's Streaming Library at the End of This Month (January) These Films & TV Series Are Leaving Netflix's Streaming Library at the End of This Month (January) Say Hello to the Cast of the All-New, All-Female 'Ghostsbusters' movie Say Hello to the Cast of the All-New, All-Female 'Ghostsbusters' movie Review: Nuance-Deprived "Race" Movie 'Black or White' is Actually About White Frustration (Opens Friday) Review: Nuance-Deprived "Race" Movie 'Black or White' is Actually About White Frustration (Opens Friday) Trailer: Musical Take on the Gospel According to John the Apostle w/ a Black Cast (Harry Lennix, Chaka Khan, Mali Music, More) Trailer: Musical Take on the Gospel According to John the Apostle w/ a Black Cast (Harry Lennix, Chaka Khan, Mali Music, More) ABC Picks Up New Pilot From Shonda Rhimes' Shondaland Titled 'The Catch' ABC Picks Up New Pilot From Shonda Rhimes' Shondaland Titled 'The Catch' First 'Fantastic Four' Reboot Trailer Surfaces! Watch It Now! First 'Fantastic Four' Reboot Trailer Surfaces! Watch It Now! Review: 'Girlhood's' Strength Lies in Its Naturalistic Depiction of Young Female Friendship (Opens Friday) Review: 'Girlhood's' Strength Lies in Its Naturalistic Depiction of Young Female Friendship (Opens Friday) Ava DuVernay & David Oyelowo Make It a Trifecta as They Re-Team for Katrina-Set Love Story/Murder Mystery Ava DuVernay & David Oyelowo Make It a Trifecta as They Re-Team for Katrina-Set Love Story/Murder Mystery Review: Lifetime's 'With This Ring' - So What Did You Think of It? Review: Lifetime's 'With This Ring' - So What Did You Think of It? Review: Nzingha Stewart Guides Lifetime's 'With This Ring' (Premieres Saturday, January 24th) Review: Nzingha Stewart Guides Lifetime's 'With This Ring' (Premieres Saturday, January 24th) Here Are 10 Reasons Why Many of You Aren't Going to Movie Theaters Anymore, According to a New Study Here Are 10 Reasons Why Many of You Aren't Going to Movie Theaters Anymore, According to a New Study 'Empire' Breaks Fox TV’s 22 Year Old Ratings Record 'Empire' Breaks Fox TV’s 22 Year Old Ratings Record Alexandra Shipp Has been Cast as Storm in 'X-Men: Apocalypse' Alexandra Shipp Has been Cast as Storm in 'X-Men: Apocalypse' An Open Letter to My Sister, Ava DuVernay An Open Letter to My Sister, Ava DuVernay 'Supremacy' Director Deon Taylor Talks Race, Horror, and Working With Lela Rochon (LAFF Premiere) 'Supremacy' Director Deon Taylor Talks Race, Horror, and Working With Lela Rochon (LAFF Premiere) Macy Gray, Bryshere Y. Gray (aka Yazz The Greatest) Will Have An Affair In Lee Daniels' 'Empire' Macy Gray, Bryshere Y. Gray (aka Yazz The Greatest) Will Have An Affair In Lee Daniels' 'Empire' It's A 'Hustle & Flow' Reunion! Taraji P. Henson Joins Terrence Howard In Lee Daniels' 'Empire' It's A 'Hustle & Flow' Reunion! Taraji P. Henson Joins Terrence Howard In Lee Daniels' 'Empire' Netflix Explains Why It Doesn't Always Have That Film Or TV Show You Really Want To See (Video) Netflix Explains Why It Doesn't Always Have That Film Or TV Show You Really Want To See (Video) Tichina Arnold Says She Talked To Martin Lawrence About Doing A 'Martin' Movie... Tichina Arnold Says She Talked To Martin Lawrence About Doing A 'Martin' Movie...

Update On The New Crowdfunding Legislation...

Shadow and Act By Rodney C. Parnther | Shadow and Act March 24, 2012 at 10:49AM

Back in November 2011, we first reported on a bill passed by the House of Representatives that would make it easier for independent filmmakers to raise money for their projects from investors. (click HERE for the original post).
0
JOBS Act

Back in November 2011, we first reported on a bill passed by the House of Representatives that would make it easier for independent filmmakers to raise money for their projects from investors. (click HERE for the original post).

2 days ago, the Senate passed the final version of that bill retitled the Jumpstart Our Business Startups (“JOBS”) Act.

Among other things, the bill...

  • allows you to advertise for equity investors on a crowdfunding site, something you can’t do now without running afoul of a bunch of securities laws;
  • allows you to raise up to $1 million this way from investors who put in no more than $10,000 each, or no more than 10% of their income, whichever is less;
  • allows you to raise up to $2 million if you supply your "crowd" investors with audited financial statements; doesn’t require you to disclose your company’s financial statements until you have more than 1,000 shareholders. Currently, SEC disclosure rules kick in once you hit 500 shareholders.
  • allows you to raise up to $50 million in an iPO without having to comply with the SEC’s full regulatory structure and related fees.

Read more about the new law here (http://www.forbes.com/sites/jjcolao/2012/03/21/jobs-act/)


Shadow & ActNewsletter