Righting Fate aims to be the first premium-quality drama series produced and aired without media conglomerates
The series plans to stream directly to audiences, work directly with advertisers, and be funded directly by public investors.
ATLANTA, Sept. 25, 2019 /PRNewswire-PRWeb/ -- The Securities and Exchange Commission (SEC) has qualified Righting Fate Series, Inc.'s $50m Regulation A stock offering. The company plans to use the investment proceeds to launch an epic, family saga set in the urgent and cinematically unexplored world of affluent African-Americans in the 1950-1980s. The premium-cable-quality drama will be produced and aired directly to audiences without networks, subscription streaming services, or YouTube. Bypassing media conglomerates, the show expects to be the first high-production value drama to stream directly to audiences, work directly with advertisers, and be funded directly by public investors.
Drama series producers lack options for bringing their shows to the public. With production costs starting around $5m per TV-hour and expensive broadcast and streaming infrastructure employed, it seems that only giant media companies could air and fund the entertainment form. Without their green light, high-production value dramas don't exist.
But, Righting Fate Series, Inc. is pioneering a new model for bringing premium-quality dramas to TV, mobile, and online audiences. Leveraging advances in technology and financial regulations, the company plans to produce and stream shows directly to audiences, partner directly with advertisers, and secure funding directly from public investors. Bypassing media giants allows their shows to receive all the advertising and licensing revenue they attract while avoiding greenlight, cancellation, and creative-control risks.
The company's initial production, Righting Fate, will be an epic, family saga set in the rarely explored cinematic world of affluent African-Americans of the 1950-1980s. Although its cast is African-American, the show aims to have broad appeal among general audiences worldwide. The company will air the drama in 14-minute webisodes that will be combined and licensed as 42-minute television episodes for other outlets.
"Two major hurdles to launching TV entertainment are having the infrastructure to get it on TV screens and having the funding to produce it. Our business model addresses both," said Anthony Ezell Miller, the company's founder and architect of the model.
Advances in networking, wireless, and television technology such as screen mirroring and connected "smart" TVs continue to forge a world where any video that's online can be on television and mobile screens, in high definition, without requiring expensive infrastructure. According to a recent Nielsen survey, nearly 70% of U.S. households already have a connected TV device, and that number continues to grow.
As for financing the plan, the SEC's recently revised Regulation A has enabled the company to structure show franchises as direct investments for the public instead of profit centers under sprawling media companies. With this new model television shows receive revenue from advertising, licensing, and other sources to cover expenses in production, streaming, and administration with the remainder contributing to profit and future seasons.
In March 2019 the SEC qualified the company's offering, enabling it to begin raising $50m by selling 20m shares of common stock at $2.50 per share. The minimum investment is $100 for 40 shares. The company encourages potential investors to review its offering circular and presentation prior to investing. Links to these materials and more information can be found at rightingfate.com.
ABOUT RIGHTING FATE SERIES, INC.
Righting Fate Series, Inc., a Delaware corporation based in Atlanta, GA., was founded to produce and air the epic, family saga Righting Fate directly to audiences worldwide without networks, subscription streaming services or YouTube. Set in the urgent and cinematically unexplored world of affluent African-Americans of the 1950-1980s, the series expects to be the first premium-cable-quality drama to stream directly to audiences, work directly with advertisers, and be funded directly by public investors. The SEC has qualified the company's Regulation A offering, qualifying it to raise $50m by selling 20m shares of common stock at $2.50 per share. More information can be found at rightingfate.com.
SOURCE Righting Fate Series, Inc.
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