Sycamore Entertainment and Freiberger Company Inc. launch Blockchain Project.
26 Dezembro 2017 - 11:00AM
InvestorsHub NewsWire
Hollywood, CA -- December
26th, 2017 -- InvestorsHub NewsWire
-- Sycamore Entertainment Group,
Inc. (SEGI), a leading innovator in
hybrid film and entertainment distribution, is pleased to announce
it has partnered with the Freiberger Company Inc. to launch
MediaCoin LLC.
MediaCoin
is a media rights management application using
blockchain technology. This application is a decentralized and
encrypted system to manage artists and producers rights, track
payments, ELIMINATE PIRACY, and manage terms of the distribution
contracts and royalty revenues. Sycamore Entertainment Group will
also seek to use MediaCoin to acquire film and television content
as well as other media.
This partnership between Sycamore and Freiberger
is one of the world's first token collateralized asset management
platform that offers artists and rights holders access to an open
sourced management accounting and audit system, powered by a
flexible and transparent ledger that is managed securely on a
blockchain.
Edward Sylvan, CEO of Sycamore Entertainment
Group Inc. stated:
“Blockchain is the backbone of numerous
digital currencies including Bitcoin, Ethereum and Litecoin, but it
has uses and applications that go beyond currency. Blockchain
can be used to verify multiple levels of transactions and opens the
door to platforms that can track permanent, and traceable peer to
peer transactions. This opens the door to solving multiple
problems in the media industry in areas of piracy and authenticity
and will offer less expensive transactions to our customers. The
music and Film industries are ideal for Blockchain applications as
they are fraught with middlemen and have traditionally suffered
from rampant piracy and a lack of transparency while being
controlled by a small handful of companies. MediaCoin is going
to revolutionize the entertainment
industry.”
He goes on to say
“We
are delighted to be partnered with Jeff Freiberger and his
team. They are currently launching Blockchain applications
that are in full compliance with federal and securities
regulations. This partnership will have a disruptive yet positive
impact on the entertainment industry. MediaCoin will bring peace of
mind to artists and media content creators while protecting their
rights world wide in a secure blockchain
platform."
The Freiberger Company Inc. is a blockchain
consulting and development company focused on launching
decentralized Blockchain technologies in multiple applicable
industries in the United States. The Freiberger Company Inc.
and its advisors are comprised of a team of legal councils that
specialize in securities regulations and blockchain technologies,
blockchain developers, and blockchain
expertise.
Jeff Freiberger, CEO Freiberger Company Inc.
stated:
“We are delighted to partner with Sycamore
Entertainment Group on MediaCoin. We strive to work with
companies that are the best suited for this technology. We have
relationships in the music and media industries which positions us
to offer our Blockchain technology to quickly increase adoption
once released. Freiberger Company Inc. has the expertise in
SEC compliance requirements to launch an effective blockchain
tech. This partnership with Sycamore is a very natural fit for
us both as we both understand the problems we will solve in the
media industry with our technology.”
Freiberger Company Inc. is planning to release a
white-paper in February, 2018 explaining the specifics of MediaCoin
that will be available on the Sycamore Entertainment
Website.
About Sycamore Entertainment Group Inc. (SEGI):
Sycamore Entertainment is a diversified
entertainment company that specializes in the acquisition,
marketing and worldwide distribution of quality finished
feature-length motion pictures. Sycamores’ management team utilizes
its long standing relationships to provide market specific
publicity, promotion, media purchase, theatrical
placement and Print and &
Advertising financing for theatrical domestic
release.
Investors can also follow Sycamore on: Facebook:
Sycamomre Entertainment, Twitter:
Sycamorefilms
Contact: 310-245-9091 or email: info@sycamoreentertainment.com
About Freiberger Company
Inc.:
The Freiberger Company Inc. is a blockchain
consulting and development company focused on launching
decentralized Blockchain technologies in multiple industries.
The Freiberger Company Inc. and its advisors are comprised of legal
councils that specialize in securities regulations and blockchain
technologies, blockchain developers, and blockchain
expertise.
Forward-Looking Safe Harbor
Statement
Sycamore Entertainment press releases contain
forward-looking statements that are made pursuant to the safe
harbour provisions of the Section 27A of the Securities Act and
Section 21E of the Securities Exchange Act. By their nature,
forward-looking statements and forecasts involve risks and
uncertainties related to events dependant on circumstances that
will occur in the near future. These statements involve known and
unknown risks and uncertainties, which may cause Sycamore Films
actual results in future periods to differ materially from results
expressed or implied by forward-looking statements. These risks and
uncertainties include, but are not limited to, our ability to
obtain rights to distribute and market films, product availability;
demand and market competition, and access to capital markets. For a
more complete discussion of the risks to which Sycamore Films is
subject to please see our filings with the SEC, including our
Current Report on Form 8-K filed May 21, 2010 and our Quarterly
Report on Form 10-Q for the first quarter 2010. You should
independently investigate and fully understand all risks before
making investment decisions.
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