JOBS Act to Help Filmmakers Raise Capital

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Legal Update

On April 5, 2012, President Obama signed into law the Jumpstart Our Business Startups Act (the “JOBS Act”). Specifically of interest to independent filmmakers, the JOBS Act introduces reforms to certain widely-used private offering rules to remove the prohibition on general solicitation and creates a new exemption for “crowdfunding”.

Pryor Cashman Partners Stephen Goodman and Karen Robson, along with associate David Parsly, have authored an informative Legal Update in which they discuss the potential impact of these changes on the filmmaking community.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Pryor Cashman LLP | Attorney Advertising

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