Benzinga | Dec 7, 2021 09:29AM EST

Liquid Media Says Is In Final Stages Of Agreement To Provide 'recoupable last-mile financing for three films'; Co. Says Film Slate Will Be Opportunity For Co. To 'unveil its professional blockchain approach'

Liquid Media Group Ltd. (the "Company," "Liquid Media" or "Liquid") (NASDAQ:YVR) is pleased to announce that it is in the final stages of an agreement to provide recoupable last-mile financing for three films through the Company's newly formed production funding unit Liquid Media Production Funding Ltd. All three films completed Liquid's Phase I review with high-performing scores from Liquid's analytics partner, Slated Inc., together with strong financial underpinnings for each film. Liquid's rigorous analytics process of gating the three film slate has precipitated greenlighting the inaugural Phase II financing which will take the form of a total recoupable distribution advance of CDN$1.5M against all three films, with the advance to be repaid from the films' net receipts.



This film slate will also be the first opportunity for Liquid to unveil its professional blockchain approach, designed to enable independent producers to participate in the benefits of blockchain including community engagement and owner-controlled distribution and monetization opportunities of blockchain technology. In development with Eluvio, this approach leverages tokenization and NFTs as value-adds for filmmakers across the content lifecycle.

"We are excited to bring engaging film content to worldwide audiences. These films are the first to successfully complete the first two phases of our four-phase solution engine, which is designed to drive quality programming to the finish line and to screens around the world from any stage of the production process. Our proven analytics and predictive intelligence in partnership with Slated gives us a high degree of confidence in these projects, the teams behind them and in our ability to deliver a solid return on our investment," said Ron Thomson, CEO of Liquid Media. "We are also excited to start exploiting a professional blockchain approach. We are working with Eluvio to build a framework for independent content creators utilizing Eluvio's global blockchain network for video, to support the evolving needs of independent producers and help them leverage transformative opportunities."

Liquid's powerful four-phase business engine offers solutions to navigate independent creators across the full intellectual property (IP) lifecycle. The proven, carefully considered process covers inception, financing, delivery and monetization to bring great content from all genres to screens of all sizes.