MetaWorks Platforms, Inc., a Web3 company that operates blockchain platforms, including its Web3 film distribution platform Vuele.io, has announced that it has acquired a 10% equity stake in newly formed movie production and distribution company Bronze Bull Entertainment (BBE).
Bronze Bull Entertainment is led by successful executive producer and filmmaker George Furla and finance professional Rick Bach. BBE is focused on financing, producing, and distributing films in the US and internationally.
Mr. Furla’s films have produced multiple Oscar nominations and over $1 Billion at the global box office. Mr. Bach has been involved in the financing of film projects for over 30 years.
MetaWorks Platforms empower Fortune 5000 brands to create and monetize content for their communities, empowering their transition to Web3. The company owns and operates movie distribution platforms Vuele.io and MusicFX.io, its fan engagement platform that creates deeper connections between fans and artists using Web3 technologies.
The deal gives MetaWorks Platforms direct access to over 30 years of experience in all facets of the film industry, from financing to production.
Scott Gallagher, President of MetaWorks Platforms, said, “In addition to exposing us to unique, high-quality content, this deal gives us direct access to over 30 years of experience in all facets of the film industry, from financing to production. We’re excited to leverage these types of new opportunities as we seek to expand and improve the experience and engagement for moviegoers around the world.”
Bronze Bull Managing Partner Rick Bach stated that “Web3 technology and platforms like Vuele are changing how movie fans engage with content and creating new opportunities within the industry. We look forward to collaborating with the team at MetaWorks on several film projects already in our pipeline to create new revenue opportunities for film producers and distributors.”
The acquisition of an equity stake in Bronze Bull Entertainment marks a significant move for MetaWorks Platforms, as the company looks to expand its footprint in the entertainment technology space and leverage the expertise of its partners to create new revenue opportunities for film producers and distributors.
The deal also represents a significant opportunity for Bronze Bull Entertainment to expand its reach and tap into the growing demand for Web3-based film distribution platforms.