Dutch rights management company Fintage House has signed a deal with blockchain-based social entertainment platform TaTaTu to begin accepting cryptocurrency for rights transactions, entertainment industry news outlet variety reported Nov. 12.
Established in 1986, Fintage House focuses on the collection and management of TV, film and music publishing rights and licensing, additionally as providing revenue collection and coverage for rights owners services.
The partnership with TaTaTu permits Fintage House to just accept the platform’s native token TTU for film and television rights transactions. TTU tokens were originally designed to let users buy video content — that the platform will compensate content creators — additionally as for advertising. Variety quotes Niels Teves, co-CEO of Fintage House:
“Soon we expect to begin drafting the primary agreements where we shall be accounting and paying out in TTU Tokens, whereby through the suitable platforms the tokens might be changed in fiat currency.”
In late October, TaTaTu partnered with American actor and producer Johnny Depp, whereby Depp and TaTaTu founder Andrea Iervolino can collectively produce and create film and digital content. The content is about to be created by the Infinitum nihil film production firm in hand by Johnny Depp.
Some of the initial ventures include a Lamborghini biopic starring Antonio Banderas and Alec Baldwin; a drama “The Sound of Freedom,” starring Jim Caviezel and Mira Sorvino; and a documentary on actor Jeremy Renner.
This summer TaTaTu completed a $575 million Initial Coin offering (ICO), that was assessed in concert of the biggest in 2018, per cryptocurrency analytics firm One Alpha. In May, TaTaTu received $100 million in investment from rum heiress lady Monika Bacardi. Lady Bacardi said that the platform “reinforces [her] optimistic stance on the promise of blockchain technology and cryptocurrency.”
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