Crypto

Cinema: Claude Lelouch bets on cryptocurrency

The klapcoin. It is the new virtual currency that Sarah Lelouch, the daughter of Claude, the famous director, is about to launch, reports Le Monde. In fact, Sarah Lelouch has created the company Diversité du Cinéma Français (DCF) to finance the writing or development of films and series. But above all, next January he will launch the famous klapcoin (the equivalent of ten cents of a euro) that his father has decided to sponsor. Honorary president of the company, admits the director: he did not “fully understand how cryptocurrencies worked.”

However, he assures, “cinema needs new ideas” and, in this context, he hopes that the project will be emulated to finance the writing of a score of films and series in the long term, details Le Monde. Sarah Lelouch owns the company 50%, the rest is divided into three other entities: Joël Girod, as well as two other financiers, Fabien Berger and Sabine Tellier. The co-director of the DCF, therefore, Joël Girod, highlights the advantages of this new cryptocurrency, which “is aimed at all movie lovers.”

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Invest from one euro

The financier also deciphers the difference with the Sofica (financing companies of the film and audiovisual industry), which “allow tax exemption, but require a significant minimum investment”, generally 5,000 euros. As part of the klapcoin, it will be possible to invest from one euro, which should “democratize film financing.” With the launch of this project, the financiers hope to raise between two and eight million euros, says Le Monde.

As for the selected projects, a selection committee will be in charge of validating them and the funders will have an advisory role. Finally, to avoid any fraud, DCF turned to a specialized blockchain organization. Exaion, which was chosen, assures that “all the anti-money laundering filters are installed in this operation.” When operating in the cinema, Exaion secures the images taken before sending them to post-production. At 84, Claude Lelouch could become a pioneer despite himself.

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