The Fantasy Network
Early Stage
A streaming and crowdfunding network for fantasy film lovers.
Overview
Raised: $235,550
Total Commitments ($USD)
Platform
StartEngine
Start Date
01/27/2020
Close Date
12/28/2020
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$5.00
Pre-Money Valuation
$8,300,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/02/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$703
# of Investors
767
Momentum
Funded
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Year Founded
2019
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
The Fantasy Network, with a pre-money valuation of $8.3 million, is raising funds on StartEngine. It is a streaming network for fantasy film lovers. The Fantasy Network is community-owned, where the creators and fans share, stream, and fund their own stories. The network was founded by Ron Newcomb, Jason Faller, Ben Dobyns, and E.J. Kavounas and was officially launched in 2018. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $107,000 and will allow investors to become stakeholders in the company. The Fantasy Network has a sustainable business model where viewers watch for free and then voluntarily subscribe to renew their favorite shows. The platform also has multiple revenue streams to earn from.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$2,368 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-9,108 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$63,982 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$3,262 |
$0 |
|
Total Liabilities |
$3,262 |
$0 |
Financials as of: 01/27/2020
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