We believe in the power of art - film in particular - to make lasting and significant global change. As young Americans, we have witnessed a growing divide between humans. This film will bridge the gap between Americans, as well as document one of the most poignant singular moments in American history.
Matthew was featured in the Saatchi & Saatchi New Directors Showcase at Cannes and was also named as a "Rising Star" by Shots Creative. His work has screened around the world and has been featured in The Atlantic, The Huffington Post, Aeon, and more.
Brian produces award-winning films that have been shown throughout the world. His films have been featured on countless sites, including The Atlantic, Vimeo, & The Huffington Post. He has worked with companies such as Google, Apple, Uber, and Airbnb.
Undine has worked for companies such as Amazon Studios and eOne. Her films have premiered at festivals including The Karlovy Vary International Film Festival, Seattle International Film Festival, and Ji.hlava International Documentary Film Festival.
A snapshot of American Life in all its beauty, flaws, and contradictions.
A project for those who love film and art.
The day Donald Trump won the 2016 election is a day that many people will never forget.
It was a day that transcended politics, dominating the social zeitgeist and resulting in joyous shock or enraged surprise. It defied media rhetoric and polling predictions and defined the last four years. Given this, November 3rd 2020 will be one of the most anticipated, scrutinized, and impassioned days in history.
This Land, a feature-length documentary film, will follow six groups of people throughout the country over the course of Election Day 2020. The politics, ideologies, and general lifestyles of these six groups of people will vary dramatically. We will follow a Native American man fighting to keep his traditions alive, a same-sex couple on opposite sides of the aisle, an off-the-grid anarchist, and more. We will capture intimate moments in the lives of these unique individuals on a pivotal day in the United States. All of this will be complemented by interviews with our subjects (conducted before and after the election). Furthermore, the film will chronicle a key component of living in a democracy: an election.
This film will expose viewers to the diverse array of people (love them or hate them) that make up our large, powerful, flawed, beautiful country, with the foundational facet of democracy as the backdrop. We're all guilty of asking ourselves "what are they thinking!?" when it comes to those with differing views. This film will seek to answer that question.
The everyday people that make up our land, our fellow citizens of the United States, are more than what we see on the news. They are more than abstract ideas and stereotypes. Not all Republicans look and act the same, nor do all Democrats. In short, everyone is unique and everyone has a story to tell. In a way, that is what connects us to one another.
This feature-length documentary will share the stories and lives of various people with the goal of connecting us all…even just a little bit. We do not wish to fan the flames of divisiveness, but instead to bring people together. It will intimately explore everyday moments of despair, joy, loss, emptiness, parenthood, work, fear, addiction, angst, hope, and more.
Election Day 2020 is November 3rd. On that day, six film crews around the country will follow a diverse array of American citizens from the moment they wake up to the moment they go to sleep. The camera crews will film as these individuals vote (or don’t), interact with family members or friends, take care of their children, work, play, party, protest, or simply go about their daily lives. We will capture unique moments of joy, peacefulness, and angst; camaraderie, loneliness, and passion. All the while, we will document the election results as they trickle in. After filming on election day, one film crew will travel America and gather glimpses of other parts of the country, which will complement the stories of the primary subjects by further emphasizing the size and diversity of our country.
This footage will ultimately be edited into a poetic, meditative feature-length film that offers viewers the opportunity to witness a diverse array of Americans.
What separates this film from others about America and about the election?
1.) This film will chronicle a “day-in-the-life” of a cross-section of Americans. This day could be any day - it just so happens that it is Election Day 2020. Thus, the film is not making a political statement. While the election and democracy as a whole will be an important facet of the film’s narrative, the film will not analyze American politics. Instead, the film will present the people behind the political issues often discussed on the news, the humanity behind the rhetoric. It will be an intimate depiction of the lives of our neighbors and fellow Americans.
2.) In order to accomplish our goal of filming several people on Election Day 2020, we will station professional film crews around the country. This will allow us to capture cinematic footage in each location, rather than relying on news footage or home video.
3.) Cinematic and often poetic visuals will be combined to create an emotive impression of the trials, triumphs, and beauty of everyday life in the United States. We will not editorialize or provide our input as filmmakers. We will simply allow life to unfold before us.
4.) This film will not be inundated with “talking head” interviews. Instead, our subjects will speak to camera when inclined to do so and will provide information and insights in a conversational manner.
Our Previous Films
Matthew Palmer, Director
Matthew is a Los Angeles-based director. His films have screened at festivals around the world, as well as on the web sites of The Atlantic, The Huffington Post, Aeon, and more. His short film One Week In April was selected as part of the Saatchi & Saatchi New Directors Showcase at Cannes ICF in 2017 and Matthew was named as a “Rising Star” by Shots Creative. His films have also received five Vimeo Staff Picks and have accumulated hundreds of thousands of views.
Matthew is most proud of his work on One Week In April, a short documentary that chronicles the experiences of parents whose young children accidentally shot themselves. While emotionally trying, the experience exposed Matthew to people and places around the country. You can watch the short film here.
Brian Gagliardi, Producer
Brian is a San Francisco-based creative producer. His producing experience spans multiple mediums including film, photography, and podcasting. He has produced documentaries, music videos, and branded content. His films have garnered multiple Vimeo Staff Picks and have been shown at film festivals around the globe. The unifying theme that connects all of his creative work is his unending belief that the best of humanity is often found in the subtlest of moments.
Brian is proud of producing the documentary film, One Week In April as well as creating the I AM DIABETES podcast. He strongly believes that his best work will always be the project he is currently consumed by. To find out more, please stop by.
Undine Buka, Producer
Undine earned a BA degree in Film and Television Production from the University of Westminster in London and an MFA degree in the Peter Stark Producing Program at the University of Southern California. She has held positions at Amazon Studios, eOne, and Paramount Pictures. She has produced feature-length documentary films, music videos, numerous short films, and commercials for brands including Samsung, Toyota, and Nike. She also worked as Production Manager for the feature animation Rocks in My Pockets, which was screened at the Karlovy Vary International Film Festival, Seattle International Film Festival, DOK Leipzig, and more and was selected as Latvia’s submission for the Best Foreign Film Academy Award. She is currently splitting her time between Los Angeles and Europe.
Undine is most proud of producing the feature-length documentary film Looking for Mr. Dice. The film explores the life of a successful banker, known as "Mr. Dice,” who mysteriously disappeared off the face of the earth, along with millions of dollars from investors and friends alike. The filmmakers traveled to Sierra Leone to find the mythical man. Learn more about the film here.
Jim Cummings, Executive Producer
Jim Cummings is a writer, director, producer, and actor. His hit short film Thunder Road premiered at the Sundance Film Festival and went on to win the festival’s grand jury prize. He later turned that short film into a feature-length film of the same name. The feature film went on to win the Grand Jury Prize at SXSW. Jim has proven to be an action-oriented thought leader, mentoring with Sundance Institute’s Collab and founding the Short to Feature Lab. He has been giving speeches at places like SXSW since 2014 and doing articles with Filmmaker Magazine and Ted Hope’s Hope For Film about the state of independent cinema, and what comes next.
Jim is also Vice President of Creative Initiatives at the independent production company Vanishing Angle.
Our Executive Producer, Jim Cummings, made the feature film Thunder Road for $190,000 in Austin in 14 days. The film has made over $400,000 in the first year alone through self-distribution. The film won the Grand Jury Prize at South by Southwest in 2018, screened at the prestigious Cannes Film Festival, and has won awards at film festivals around the world. We plan to follow a similar distribution model for This Land.
Furthermore, documentaries are attracting a global audience like never before thanks to online streaming. They are also securing distribution deals and earning revenue on par with their narrative counterparts. As stated by Indiewire, "while documentaries have experienced greater theatrical market share and overall ticket sales in past years, 2018 will be remembered as the first time four independently-released nonfiction films earned more than $10 million."
We are making a film that chronicles American life in 2020 by focusing on everyday citizens around the country on Election Day. Our goal is to simultaneously create a time capsule of this precise moment in history and highlight the diversity that makes America so unique and life so special. By getting to know the variety of subjects in our film, we want the audience to laugh, cry, and learn with us. We want viewers to open their minds, change preconceptions of others, and learn about themselves.
Where will your company be in 5 years?
While all of the members of our team are already experiencing success in the film industry, our goals for this particular film are lofty. In 5 years, our hope is that this film has screened at top-tier festivals and has been distributed globally in theaters and online/on-demand. In doing so, we will have benefited all of our investors. Perhaps more importantly, we truly believe that this film can make a difference in the lives of those who watch it. We expect it to be watched for years to come.
Why did you choose this idea?
We believe in the power of art - film in particular - to make lasting and significant global change. As young Americans, we have witnessed a growing divide between humans. This film will bridge the gap between Americans, as well as document one of the most poignant singular moments in American history.
How far along are you? What's your biggest obstacle?
We have put together our team of filmmakers and professionals that we believe can make this project a reality. We have selected the subjects of the film and are working out the logistics of filming across the country on Election Day 2020. Our biggest obstacle is raising the money needed to make this the best film it can be.
Who competes with you? What do you understand that they don't?
We firmly believe this is a unique documentary. To the best of our knowledge, despite an inevitable abundance of news footage that chronicles Election Day 2020, no one will approach the day as we do. Our film will differ from that footage in two ways: first, we will make a cinematic and visually compelling film that is at times meditative, thoughtful, and abstract. This will be art rather than news. This is the opportunity to say something about what it means to be American and human in the 21st Century. Second, we will not be focusing solely on election results, polls, or rallies. Nor will we be focusing on candidates and their campaigns. We will, instead, focus on the everyday people that make up the U.S.
How will you make money?
We will sell Theatrical, Digital, and Blu-Ray distribution rights to territories around the world. Our team has extensive experience in doing this. One of our executive producers, Jim Cummings, has received a 400x return on investment (ROI) in the first year of his film's release and made the film's production costs back in the first week of distribution. As a team, we have distributed films with large distribution partners, such as Lionsgate and The Orchard, as well as independently. Furthermore, as this film will document a pivotal day in history, there will be opportunities to license the film to schools and universities around the world.
What are the biggest risks? If you fail, what would be the reason? What has to go right for you to succeed?
We are confident in our concept and team. That said, we aren't free from risk. Weather, technical issues, and more could delay filming in one of our locations. We are also not risk-averse. We are spending time in pre-production developing back-up plans to avoid or adjust to potential obstacles. One obvious obstacle unique to 2020 is COVID-19. We are following federal, state, and local guidelines to ensure that our subjects and crews are never put at risk. We will hire locally whenever possible and those involved are aware of necessary safety measures. We are also ready to make obstacles like COVID-19, a delay in counting ballots, etc. part of the story. Like COVID-19, this, after all, is history.
This Land has financial statements ending August 26 2020.
Our cash in hand is $0, as of August 2020. Over the three months prior, revenues averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $250/month.
At a Glance
to December 31
Short Term Debt
Raised in 2020
Cash on Hand
Management’s Discussion and Analysis of Financial Condition and Results of Operations
You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.
We are making a film that chronicles American life in 2020 by focusing on everyday citizens around the country on Election Day. Our goal is to simultaneously create a time capsule of this precise moment in history and highlight the diversity that makes America so unique and life so special. By getting to know the variety of subjects in our film, we want the audience to laugh, cry, and learn with us. We want viewers to open their minds, change preconceptions of others, and learn about themselves. While all of the members of our team are already experiencing success in the film industry, our goals for this particular film are lofty. In 5 years, our hope is that this film has screened at top-tier festivals and has been distributed globally in theaters and online/on-demand. In doing so, we will have benefited all of our investors. Perhaps more importantly, we truly believe that this film can make a difference in the lives of those who watch it. We expect it to be watched for years to come. Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.
This Land Film LLC was incorporated in the State of California in August 2020.
We have hit significant milestones over the past few years, including:
Our production team has successfully sold and distributed multiple films including Thunder Road
Jim Cummings (Executive Producer) is a Sundance and South by Southwest winning filmmaker
Jim's film Thunder Road made a 400% return on investment in its first year
Director Matthew Palmer was selected for the Cannes New Directors Showcase
Be a part of a project that documents a historical moment in America in a cinematic and artistic way
Historical Results of Operations
Our company was organized in August 2020 and has limited operations upon which prospective investors may base an evaluation of its performance.
Revenues & Gross Margin. For the period ended August 26, 2020, the Company had revenues of $0.
Assets. As of August 26, 2020, the Company had total assets of $0, including $0 in cash.
Net Loss. The Company has had net losses of $1,300 for 2020.
Liabilities. The Company's liabilties totaled $1,300 for 2020.
Related Party Transaction
Refer to Question 26 of this Form C for disclosure of all related party transactions.
Liquidity & Capital Resources
To-date, the company has been financed with $1,300 in debt.
After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 6 months before we need to raise further capital.
We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.
We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.
Runway & Short/Mid Term Expenses
This Land Film LLC cash in hand is $0, as of August 2020. Over the last three months, revenues have averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $250/month, for an average burn rate of $250 per month. Our intent is to be profitable in 18 months.
No material changes or trends have occurred since the date our financials cover. We expect to secure funding for the film by October 31st.
Primary production on the the film will be on Election Day - November 3rd, 2020 - at which point we would incur the majority of the expenses. Excluding post-production costs and at a bare minimum, the total cost to produce the film is $55,000. The total cost to produce the film is $150,000, including post-production costs. We may seek additional funding in order to cover the full post-production costs. It is extremely difficult to predict revenues after the film has gone to market, as films run the full gamut. Documentaries have ranged from $0 to $12M in revenue.
We intend to use personal capital for all expenses until funding has been secured. If we fail to make our minimum on Wefunder, we would most likely pursue any reasonable alternative to make the film, though the film would be difficult to make without proper financing.
We expect (although cannot guarantee) to begin generating revenue from the film in late 2021.
A note from Wefunder. Unlike companies on the NASDAQ, early-stage startups have little operating history. Financial analysis is not as useful when there is limited data. It's more important to predict the size of the future market. If the founder achieves their vision, will enough customers pay the company enough money?
It's also common for fast-growing startups to lose money even faster: they are investing in future growth. In these cases, it's often better to check if the Cost of User Acquisition (CAC) is lower than the Lifetime Value (LTV) of that customer. If one spends $1000 today to make $10,000 over the next five years, that may be a smart bet. Amazon is a famous example of re-investing potential profits to maximize growth over 20 years.
The creation of a film is tied to external forces outside of the control of the company, including, but not limited to, weather, terrorist attacks, and labor strikes. Events of this nature could have an impact on both the timeline of the project and overall budget. Extreme cases may make it impossible to complete the project.
Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.
Receipt of revenue is often tied to third party companies such as sales agents, distributors and exhibitors. While the money could earn money in the marketplace, it is possible that revenue could not reach The Company as a result of a third party claiming bankruptcy or refusal to pay.
Investment in Film, by nature, is a high-risk investment. The industry is constantly shifting and changing and business models that work for one film, may not necessarily work for another one. Performance on a film often depend on external forces, outside of the control of the company.
The Company will not be performing background checks on any of its team members or employees. The reception of a film is often tied very closely to the public perception of the team members and employees (i.e. director, cast, producers, company). While the company will hold its team members and employees to the highest standards of professionalism while making the film, if it is learned at any point that those team members were involved in inappropriate, immoral, unethical or illegal conduct in the past or after the creation of the film, it could affect the performance of the film in the marketplace.
Reliance on management – except as set forth in this agreement, decisions with respect to the management of company will be made by the managers in the managers’ sole discretion. The success of the picture will largely depend on the quality of the management of the company. The managers, with the advice and assistance of other professionals, will administer all business aspects of the managers, the company and the picture. Although the managers believe that the managers have the necessary business and motion picture experience to supervise the management of the company, there can be no assurance that the managers will perform adequately or that the company’s operations will be successful. Purchasers of interests will receive an economic interest in the company, but shall not be participants in the management or the operations of the managers, the company or the picture. Accordingly, except as otherwise set forth in this agreement, an investor will have no right to vote on, or to veto actions of the managers, will have no creative control, and manager-approved actions may be approved despite the investor’s dissent from such actions. Neither the company, the managers nor any of the managers’ advisors have managed or produced a feature film previously, and no assurance can be had that their efforts will be successful for the picture.
Limited operating history – the company has been in existence for a very short period of time, and is subject to all the risks incident to the creation and development of a new business, including the absence of a history of operations and minimal net worth. Furthermore, the company has not produced or distributed a full-length motion picture. The company and the managers have, and will continue to, endeavor to employ or otherwise retain the services of those persons with the skills necessary to successfully produce and distribute a full-length feature film, but no assurances can be given that they will be successful in these efforts.
Indemnification – under certain circumstances set forth specifically in article iv of the operating agreement, the managers will be indemnified by the company for any liabilities or losses arising out of the managers’ activities in connection with the company. Indemnification under such provision could reduce or deplete the assets of the company.
Working capital requirements and the potential need for additional financing – there is no assurance that unforeseen events will not occur, resulting in the need to raise additional funds beyond what the company and the managers project. Furthermore, companies with limited operating histories, such as the company and the managers, do not always use capital in the most efficient manner. Thus, the company and the managers may need to raise additional capital to fund future operations and to satisfy future capital requirements of the company. The failure to raise any additional needed funds could have a material adverse effect on the company and the managers. Subject to the terms of the agreement, though the company and the managers do not anticipate that additional financing will need to be obtained, there can be no assurance that additional capital will not be needed.
Liability of members – members might, under applicable law, be liable to the company in an amount equal to any distribution made from the company to members, if, after distribution is made, the remaining assets of the company are not sufficient to pay its then outstanding liabilities, exclusive of liabilities to the members arising on account of their respective interests in the company.
Loss on dissolution or termination – in the event of a dissolution or termination of the company, the proceeds realized in the liquidation of assets, if any, will be distributed to the members only after the satisfaction of claims of creditors. Accordingly, the ability of a member to recover all or any portion of his or her or its investment under such circumstances will depend on the amount of funds so realized and the amount of claims to be satisfied therefrom.
Income tax consequences – there are various risks associated with the federal income tax aspects of an investment in the company which should be carefully considered by each prospective investor to determine whether an investment in the company is suitable for such prospective investor. Each prospective investor is urged to consult his or her or its own tax advisor with respect to the federal (as well as state and local) income tax consequences of an investment in the company.
Competitive industry – some segments of the motion picture industry are highly competitive. The company will be competing with the producers of other films in arranging for distribution in all available markets and media. In the distribution phase, competition will limit the availability of such markets and media required for the successful distribution of the picture. The picture will be competing directly with other motion pictures and indirectly with other forms of public entertainment. The company will compete with numerous larger motion picture production companies and distribution companies, which have substantially greater resources, larger and more experienced production and distribution staffs, and established histories of successful production and distribution of motion pictures.
Commercial success – the picture’s success is primarily dependent on audience acceptance of the picture, which is extremely difficult to predict and, therefore, inherently risky. Many films are produced each year and never released. Many films are released each year, which are not commercially successful and fail to recoup their production costs from united states theatrical distribution. Foreign and ancillary markets have therefore become increasingly important. Licensing of a motion picture in the ancillary markets is particularly dependent upon performance in domestic theatrical distribution. Neither the managers nor the company can predict the economic success of the picture because the revenue derived from the distribution of a motion picture (which does not necessarily bear any correlation to the production or distribution costs incurred)depends primarily upon its acceptance by the public, which cannot be accurately predicted. The economic success of a motion picture also depends upon the public’s acceptance of competing films, the availability of alternative forms of entertainment and leisure-time activities, general economic conditions and other tangible and intangible factors, all of which can change and cannot be predicted with certainty. Neither the managers nor the company can assure members that the picture will generate enough revenue to offset its distribution and marketing costs, in which case the company would not receive any net revenues for the picture.
Production – particularly as produced by independent filmmakers, each motion picture is a separate business venture with its own management, employees and equipment and its own budgetary requirements. There are substantial risks associated with film production, including death or disability of key personnel, other factors causing delays, destruction or malfunction of sets or equipment, the inability of production personnel to comply with budgetary or scheduling requirements and physical destruction or damage to the picture itself. Although some of these problems may be covered by company’s insurance for the picture, significant difficulties such as these may materially increase the cost of production or may cause the entire project to be abandoned.
Dependence on key personnel – the company’s future success depends, in a significant part, upon the continued service of the individuals that constitute the production team and the managers’ advisors. Neither the company nor the managers maintain key person life insurance for any team member or employee. Furthermore ,the company’s and the managers’ success is dependent on the ability of the company and the managers to attract top talent, both within the production team and the cast of the picture. The company’s and the managers’ inability to attract such talent or the loss of the services of one or more members of the production team could have a material adverse effect on the company’s and the managers’ ability to successfully produce and distribute the picture. Additionally, the company may elect to forego the purchase of a completion bond or other types of production related insurance for the picture, resulting in certain losses relating to any of the picture’s key personnel, equipment, locations and/or film footage being uninsured which could have a material adverse effect on the company’s and the managers’ ability to successfully produce and distribute the picture.
Labor disputes – there is no assurance that labor difficulties affecting production will not arise, including but not limited to union strikes. If such labor difficulties arise, film production and, hence, return to investing members could be delayed or diminished.
Audience appeal – the ultimate profitability of any motion picture depends upon its audience appeal in relation to the cost of its production and distribution. The audience appeal of a given motion picture depends, among other things, on unpredictable critical reviews and changing public tastes and such appeal cannot be anticipated with certainty.
Cost overruns – the costs of producing motion pictures are often underestimated and may be increased by reason of factors beyond the control of the producers. Such factors may include weather conditions, illness of technical and artistic personnel, artistic requirements, labor disputes, governmental regulations, equipment breakdowns, and other production disruptions. While the company intends to engage production personnel who have demonstrated an ability to complete films within the assigned budget, the risk of a film running over budget or of not being completed is always significant and may have a substantial adverse impact on the profitability of the picture.
Distribution – the profitable distribution of a motion picture depends in large part on the availability of one or more capable and efficient distributors who are able to arrange for appropriate advertising and promotion, proper release dates and bookings in first-run and other theaters. There can be no assurance that profitable distribution arrangements will be obtained for the picture or that the picture can or will be distributed profitably or that the picture will be distributed at all.
Long-term project – the production and distribution of a motion picture involves the passage of a significant amount of time. Pre-production on a picture may extend for two to three months or more. Principal photography may extend for several weeks or more. Post-production may extend for three to four months or more. Distribution and exhibition of motion pictures generally and of the picture may continue for years before gross proceeds or net proceeds (as defined herein) may be generated, if at all.
Foreign distribution – foreign distribution of a motion picture (i.e., outside the United States and Canada) may require the use of various foreign distributors. Some foreign countries may impose government regulations on the investing members with this system is that such investing members, who have had their money at risk for the longest time, are at the tail end of the box office receipts chain. Thus, if the company, in negotiating a distribution deal, has to rely heavily on a participation at some defined level of the picture’s revenue stream, revenues to the company, and thus to investing members, are likely to be the last in line to benefit from such a revenue stream, if any.
Industry changes – neither the managers nor the company can predict the effect that rapid technological change, emerging distribution channels or alternative forms of entertainment may have on the company, the managers or the motion picture industry. The entertainment industry in general, and the motion picture industry in particular, continue to undergo significant changes, primarily due to technological developments. Due to rapid growth of technology and shifting consumer tastes, neither the managers nor the company can accurately predict the overall effect that technological growth or the availability of alternative forms of entertainment may have on the potential revenue from and profitability of the picture. In addition, certain outlets for the distribution of motion pictures may not obtain the public acceptance that is or was previously predicted. If certain distribution channels are accepted by the public, neither the managers nor the company can assure offerees that the company will be successful in exploiting such channels. Moreover, to the extent that other distribution channels gain popular acceptance, it is possible that demand for existing distribution channels, such as dvds, will decrease. If the company is unable to exploit new distribution channels to the same extent expected as existing channels. Company’s business, operations or financial condition could be materially adversely affected.
Picture’s liabilities – the company will actively participate in the production and distribution of the picture. Because insurance covering such liability may not be available at a reasonable cost, or may simply not be obtained, the assets of the company may be exposed to operating risks that may arise from the creation, exploitation and disposition of the picture.
Subject to the terms and conditions of this agreement, the managers have reserved the specific authority to enter into agreements on behalf of the company with motion picture or television studios, distributors and/or other third parties pursuant to which the company, in exchange for such studios’, distributors and/or other third parties’ assistance in producing, distributing and/or otherwise exploiting the picture, may commit to pay such parties out of revenues generated by the picture at a point in the picture’s revenue stream prior to company’s receipt of its gross proceeds.Such agreements may include, but are not limited to, flat fee arrangements, negative pickup deals or an outright sale of the picture, if in the judgment of the managers; such a sale would be in the best interest of the company. In addition, subject to the terms and conditions of the llc agreement, the managers have reserved the right (1) to produce the picture and seek the most advantageous distribution agreement for the picture, and (2) to enter into agreements on behalf of the company which provide that persons rendering services or other materials or facilities in connection with the development, production, distribution or other exploitation of the picture shall receive, as salary or other compensation, deferred amounts or a percentage participation in company revenue. Such reliance on the judgment and discretion of the managers place a greater emphasis on the skills and judgment of the managers, and the managers’ advisors and therefore makes it imperative that prospective non-managing members carefully examine the abilities of such managers and the managers’ associates before choosing to provide any subscription hereunder.
Distributions and liquidity - distribution of the company’s proceeds to the members will provide a primary source of distributable cash or securities to the members. The managers will have absolute discretion in the timing of such distributions, if any, subject to the terms and conditions of this agreement. There can be no assurance that there will be any distributions or that aggregate distributions, if any, will equal or exceed the members’ investment in the company.
An investor who purchases interests in the company should be aware that the investment in the company is highly speculative and that such investor risks losing his, her or its entire investment.
Illiquidity of investment – there is no public market for the interests and one is not expected to develop. Each investor should be aware that he/she/or it must bear the risks of an investment in the company for an indefinite period of time because any transfer, sale or assignment of the interests is subject to the consent of the managers in its discretion. Furthermore, the interests have not been registered under the securities act of 1933, as amended (the “act”), or any other applicable law, and therefore, cannot be sold and must be held indefinitely unless they are subsequently registered under the act, and any other applicable law, or, in the opinion of the managers, exemptions from such registration are available. Any such registration is unlikely to occur in the future. In addition, no sale, transfer or assignment of an interest will be permitted if, in the opinion of counsel for the company, such sale, transfer or assignment would violate the status of the original sale of the interests which formed the basis for the exemption from registration under the act, or any applicable state securities laws, pursuant to which such interests were offered, or cause a termination of the entity’s treatment as a company for federal income tax purposes. As a result of these restrictions, members may not be able to liquidate their investment in the event of an emergency, and the interests may not be readily accepted as collateral for a loan.
Inherent uncertainty of projections – the indicative cashflows and certain forward looking statements are based on certain assumptions and other information available to the managers. However, the underlying estimates, assumptions and future events are inherently uncertain, and unanticipated events may occur which would cause actual results to vary, perhaps materially from any forecasted results. Each investor should be aware that many films do not get released or if released are not commercially successful, and lose money. As a consequence, each investor should be aware that neither the company nor the managers guarantee or warrant any specific projected result of an investment in the company. Accordingly, investors should retain and rely upon the advice of their own professional advisors with respect to their individual suitability for an investment in the company and the tax consequences resulting therefrom. the foregoing list of risk factors does not purport to be a complete explanation of the risks involved in an investment in the company.
Managers’ conflicts of interest – the managers are not required to render exclusive services in connection with the picture or the company. The managers, the production team and the talent have interests in a variety of activities other than acting as managers to the company, including involvement with the production of other films. In addition, the managers, the production team and the talent may organize companies that are similar to the company in the future. The managers may be principals in, or have profit interest in, the company. Accordingly, conflicts of interest may arise in the allocation of the managers’, the production team’s and/or the talent’s time between the company and one or more of these other activities. Additionally, the managers may enter into services agreements with the company. The terms of such agreement may not be the result of an arms-length transaction, but be considered to be equal to, or less than, industry standards for the associated services rendered to the company.
Brian Gagliardi and Matthew Palmer are part-time officers. As such, it is likely that the company will not make the same progress as it would if that were not the case.
The Board of Directors
Director @ Freelance
Creative Producer @ Just B. Productions
Past Equity Fundraises
Related Party Transactions
Outstanding principal plus interest
$1,300 as of 08/2020
0.0 per annum
Current with payments
Use of Funds
87.5% for Production, post-production; 5% for marketing, publicity, and social impact campaign; 7.5% goes to Wefunder fees
82.5% for Production, post-production; 10% for marketing, publicity, and social impact campaign; 7.5% goes to Wefunder fees
This is an LLC with no issued units.
Form C Filing on EDGAR
The Securities and Exchange Commission hosts the official Form C on their EDGAR web site.
Wefunder supports three different federal laws that allow startups to raise money legally. To comply with the law, Wefunder Advisors LLC and Wefunder Portal LLC (both owned by Wefunder Inc) also list startups depending on the regulation used.
Legal May 16th 2016
Wefunder Portal LLC
for 462 startups
Wefunder Advisors LLC
for 127 startups
for 3 startups
Curious how well the companies have done? Or how many raised follow-on financing?
Some fine print: 1) These numbers include startups currently live on Wefunder if they pass their minimum target. 2) Some startups use two different laws at the same time (i.e., Regulation D and Regulation Crowdfunding).
Join 861,838 investors who funded 551 startups with over $208 million1
wefunder.com/thislandfilm is managed by
Wefunder Portal LLC.
Wefunder Inc. runs wefunder.com and is the parent company of Wefunder Advisors LLC and Wefunder Portal LLC. Wefunder Advisors is an exempt reporting adviser that advises SPVs used in Reg D offerings. Wefunder Portal is a funding portal (CRD #283503) that operates sections of wefunder.com where some Regulation Crowdfunding offerings are made.
Wefunder, Inc. operates sections of wefunder.com where some Regulation D and A offerings are made. Wefunder, Inc. is not regulated as either a broker-dealer or funding portal and is not a member of FINRA.
You may also view our Privacy Notice.
Wefunder, Inc., Wefunder Advisors LLC, and Wefunder Portal
LLC do not review user-generated content beyond what's
required by US law. Some user-generated content, including investor
biographical information, may not be accurate.