hollywood

Carl Rinsch, the director who previously directed Keanu Reeves in the 2013 film "47 Ronin," has been convicted of telecommunications fraud and money laundering. Prosecutors accused Rinsch of misappropriating $11 million received from Netflix and using part of the funds to purchase cryptocurrency.An earlier report stated that Carl Rinsch invested $4 million of that amount in Dogecoin, ultimately profiting to $27 million, but then squandered most of the profits on luxury goods. Rinsch faces a maximum sentence of 90 years and will be formally sentenced on April 17, 2026.

ChainCatcher news, according to CoinDesk, film financing is changing through tokenization and SEC exemptions (Reg CF) compliant crowdfunding, allowing thousands of non-accredited investors to participate and distribute dividends and secondary trading via blockchain.Robert Rodriguez raised $2 million from 2,000 fans, Pressman Film raised $2 million for original film slate and has started returning funds within 6 months, and Eli Roth's horror film studio raised the maximum of $5 million through Reg CF. The article states that this model enhances creators' retention of IP and creative freedom, positioning film and television as accessible alternative assets.

ChainCatcher news, according to CNBC, a man was arrested for climbing the Hollywood sign and waving a flag promoting a cryptocurrency website.The "HOLLYWOOD" sign, located on a mountaintop in the suburbs of Los Angeles, is made up of white letters, stands over 15 meters tall, and is an important symbol of Hollywood culture.

ChainCatcher news, according to The Block, the NFT project Azuki announced on Thursday that it has hired veteran entertainment executive Steve Chung as Chief Operating Officer. Chung's goal is to leverage his expertise in Hollywood and Silicon Valley to expand Azuki's fan base and revenue, as the company seeks to diversify its business beyond digital collectibles.Before joining Azuki, Chung worked at Fox and served as the Chief Global Officer of South Korean entertainment giant CJ ENM Entertainment.

ChainCatcher news, according to CoinDesk, Consensys announced that the startup Film.io, aimed at democratizing the Hollywood filmmaking system, will become the first partner to join VillageDAO. VillageDAO was launched by Consensys in 2022, leveraging the power of the Web3 community to provide customer support and services for dApp users and developers.Film.io and VillageDAO are launching a "community expert" certification program that allows Film.io members to support the existing community and assist new users in onboarding.

ChainCatcher news, Hollywood producer and co-founder of the German AI company Ella Media, Mark Rau, has joined the Web3 interactive music platform Muverse as Chief Operating Officer.It is reported that Mark Rau, as the CEO of the Hollywood film company The H Collective Europe, has been involved in the production and distribution of films such as "Wrong Turn 7," "The Devil's Child," "Wolf Warrior 2," and "Look Who's Back," and briefly joined the Social-Fi NFT game development company Element.black in 2021.

ChainCatcher news, March 2, according to Decrypt, the Emmy Award-winning, Disney-backed Hollywood animation studio Baobab Studios has launched the NFT series "Momoguro" on Ethereum, which will open for minting today. Whitelisted users can mint their genesis NFT for 0.22 ETH (approximately $365). In addition to this NFT, Momoguro also includes an NFT role-playing game, Momoguro RPG, which will be based on the Ethereum Layer 2 scaling solution ImmutableX, with NFTs as a core game feature. The game is scheduled to launch in the second quarter of 2023. (source link)

ChainCatcher news, according to The Block, NFT project Moonbirds founder Kevin Rose has signed with Hollywood's major talent agency United Talent Agency (UTA), which will manage Kevin Rose and all of his subsidiaries' Web3 interests.Since 2014, UTA has been investing through its UTA Ventures division, having invested in companies such as Cameo, Consensys, Masterclass, Patreon, and Pietra. Last October, UTA partnered with Investcorp to launch the investment firm UTA.VC, which will focus on investing in the creator economy and Web3, among other areas. (The Block)

ChainCatcher news, according to a report by PR Newswire, Hollywood movie NFT service provider ROW8 has announced the completion of a new round of financing, with the specific amount not disclosed. Crypto venture capital firm Ayre Ventures led the round, with participation from Intersect VC (investors in Dapper Labs and Triller), Revere VC, former Washington Redskins and Oakland Raiders quarterback Jason Campbell, and MSG Ventures partner Rusty Matveev, among others.Previously, ROW8 announced the acquisition of the Web3 streaming platform Rad. ROW8 stated that the company will collaborate with Rad to create the first platform providing NFT services for movies like "Avatar" for Hollywood studios and Web3 creatives. (Source link)

ChainCatcher news, according to The Block, Dapper Labs co-founder Mack Flavelle has signed with Hollywood agency WME. WME has currently signed with NFT-related projects or companies such as Bright Moments, Non-fungible Heroes, and Boss Beauties.It is reported that Hollywood stars who have signed with WME include Dwayne Johnson and actress Charlize Theron, who played villains in some of the Fast & Furious films. (source link)