"New Tech Hollywood" is a new Silicon Valley model like "Kickstarter meets Shark Tank" on YouTube that invites the San Francisco Bay Area non-accredited Wall Street retail investors to earn a passive income in movies, video games, music, eComics and collectibles from the creator economy that will create jobs, boost tourism and pay taxes for the local economy. Rice Rocket Entertainment can raise $5 million in the LA area from high net worth private equity such as celebrities for 60 "New Tech Hollywood" development studios to create a IP Development Fund to finance original digital media franchises through the JOBS Act. The community can invest and share profits for an ecosystem in film under $1.5 million budgets.
EXCLUSIVE: California has lost 51,000 production jobs in the last three years, prompting Matt Mahan and Antonio Villaraigosa to call for eliminating the $750 million cap on the state's film subsidy. Ot Other candidates are also open to an increase - but none has said how much it would cost. https://lnkd.in/gyb9yqFM