Film Finance Exchange Due To Launch
There is strong world-wide competition to attract film finance through tax
breaks and other incentives; now an international exchange is being planned
to list and trade shares in film productions from around the world. GLOMEX - the Global Movie Exchange - says it aims to revolutionise the way
in which much audio-visual production is financed in the future through its
‘Securitisation of the Production Process'. Film makers have always struggled with raising the capital needed to finance
their productions, says GLOMEX, whether due to continual changes in government
tax schemes or temperamental attitudes among investors. The exchange, due to be launched soon, hopes to encourage film producers to
offer shares in their productions which will then be bought and traded by individual
investors. It is currently unclear where the new exchange will be based, or under what
regulatory regime. GLOMEX says it is currently accepting pre-launch registrations
from both members and potential issuers as the trading platform undergoes its
final stages of testing before going live. .
|
|
IMPORTANT NOTICE: TAX-NEWS.COM has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright TAX-NEWS.COM 1999 to 2007. Contact us for further information.