- Finance Law
- IT / Media / Entertainment
- Web3 / Metaverse
Formation of Film Funds and Business Fund Potential via TK Structures
Financing for film production in Japan has long used a unique, “Production Committee” (seisaku-iinkai) structure. However, raising funds through the Production Committee structure is restrictive, because participation is limited to investors with film business connections. Recently, funds that are structured as silent partnerships (tokumei kumiai or TK) are raising funds from a wider investment pool that includes investors with no prior film business connections. This newsletter provides an overview of the Production Committee structure, and then discusses this newer TK structure, based on our experiences establishing a TK-type film fund. A Production Committee is “a consortium formed through investments from multiple companies, including TV stations, distribution companies, production companies, publishers, advertising agencies and video manufacturers for the purpose of engaging in…To read the full article, please see the PDF file
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Finance Law|IT / Media / Entertainment|Web3 / Metaverse Newsletter
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Yusuke has a wealth of experience in the areas of capital raising by corporations, the formation of investment funds, and investments in investment funds, in transactions of all sizes, both domestically and internationally. In the field of capital raising, he has an extensive and excellent track record in the issuance of shares by financially distressed listed companies. In regard to fund formation and fund investment, he is constantly involved in numerous transactions, and advises not only on the legal aspects of those transactions, but also on market standards. He also provides advice on a wide range of financial regulations, including those in new fields such as fintech. His advice includes providing guidance on registering or filing notifications required for conducting finance-related business, analyzing new finance-related businesses, and establishing/reviewing the internal compliance rules/systems of his clients. Recently, he has become more involved in blockchain- and token-related matters, including not only those in the finance sector, such as fundraising by issuing crypto assets, listing crypto assets on domestic and foreign exchanges, and other crypto asset-related transactions, but also those in areas outside the finance sector.