Many struggling filmmakers have big ideas, but may find their projects postponed indefinitely while they struggle to find funds.
However, one company, Commonwealth Capital Advisors, a 10-year-old investment banking advisory firm, released a new software module, FILM Producer, which could help revolutionize the creation of film production companies, film projects and film funds.
FILM Producer is an addition to the highly acclaimed Financial Architect, a software-based system for capitalizing operating companies that simplifies equity financing for start-up and early-stage companies.
The easy-to-use software-based FILM Producer generates the required securities-offering documents and investor leads, which enable start-up and early-stage film producers, film production companies, film projects, film funds and motion picture studios to raise and manage an unlimited amount of capital for film acquisition and production.
"The goals of Financial Architect, and the new module we're announcing for film production companies, are simple," said Timothy Hogan, CCA's Chairman and CEO. "We want to help entrepreneurs involved in the film industry to significantly lower the costs and increase the speed of raising equity capital. Just as important, we want to provide film producers and their professional management teams with an easy-to-use expert system that will enable them to choose the right deal structure for the capital they need, and manage those funds in compliance with federal and state securities laws, rules and regulations."
In an effort to keep film and TV productions in the U.S., Congress just increased the single-year deduction in production costs, from $15 million to $20 million, that film and TV productions may take if the costs are incurred in economically depressed areas.
"We believe there's significant and growing demand among entrepreneurs for control over their financing strategies." said Hogan.
For more information, read a complimentary, abridged-edition of "Raising Capital for Start-Up and Early Stage Companies," by visiting the official CCA Web site at CommonwealthCapital.com and entering code 4750
Mr. Hogan has over 22 years experience in the Investment Banking and Securities Industry, held Six (6) NASD securities licenses and registrations primarily of "Principal" status. Mr. Hogan is a former Director of Compliance and Senior Trading Principal for North American Financial Group, Inc. a SEC Registered Investment Bank and Securities Broker. Chairman of the Investment Policy Committee for North American Capital Advisors, Inc. a SEC Registered Investment Advisory firm. Mr. Hogan supervised the management of eight internal departments in relation to Federal and State(s) securities laws, as well as, overall firm productivity, operational systems design and technological implementation. Mr. Hogan has been a Founding Principal of seven entrepreneurial endeavors, including an eighteen-hole championship golf course and real estate development, a software development firm, other Internet related businesses, as well as, an investment banking company. He has held board and executive committee seats on various firms. His securities industry training started in 1984 with a few large securities brokerage and investment banking firms, such as, Merrill Lynch, E. F. Hutton and Shearson Lehman Brothers, now known as, Salomon/Smith Barney a Member of Citigroup. Mr. Hogan holds a double major (Marketing & Finance) Bachelors of Business Administration from Grand Valley State University's Seidman College of Business.
Mr. Hogan is the Author of the Book: “The Secrets of Wall Street: Raising Capital for Start-Up and Early Stage Companies”, founding principal of Commonwealth Capital Advisors and the creator of the Financial Architect System™.