Pressman Film Sees Nice Haul For Development Slate On Popular Investment Platform Republic

deadline.com:

Pressman Film, the indie producer founded by the late Edward Pressman and behind classics from Wall Street to American Psycho, has broken new ground in film financing with the first slate listed on popular investment platform Republic.

The offering launched Sept. 5 with a goal of $1.5 million to develop a minimum of six new projects. It’s raised over $1.7 million and could see additional coin by the time it closes on Friday.

This is not crowdfunding but equity investment from — so far — 295 investors with Pressman offering rather generous returns if a project does make it into production as the indie seeks to create a brand and attract a pool of followers and potential financiers going forward.

Investors can also reap premiums at other milestones including a portion of Pressman Film’s producing fee and a portion of their share of the net profits.  “We’re the first slate they [Republic] offered in this way, where people get to invest in a slate of pictures, and they get to participate in that at the level of $200 dollars to a million dollars.