*Black Owned Investment Firm, Money Motion Entertainment, LLC (MME) is announcing a $150 million investment deal with the China Film Group Corporation (CFGC). Focusing on artists and producers creating socially conscious content for music, film, and television platforms, MME will be directing the fund’s focus to co-fund minority-sourced and based entertainment projects.
MME will retain distribution rights for North America and select international markets. CFGC will retain all distribution rights for China.
MME’s C-Suite brings decades of successful entertainment business experience. Founder Lonnie Love/aka “OG Big L” is a successful independent producer and multiple distribution company owner with a long list of successful clients. He was recently honored at the BET Awards Elevated Awards Dinner (Los Angeles), preceded by the City of South Fulton honoring him for his community service.
He states, “African American artists have always been the feeder for the global culture. It is time we step up the game again with only the best material that not only makes money but inspires and feeds the soul. Our long game goal is to create moguls with the vision to impact the black community artistically, financially, and professionally.”
Co-founding partner Eric Rivera, a Wall Street vet, underlines, “The world is clamoring for us. As we scale up, content creators producing projects with long-term quality and quantity are going to be vitally important because of the built-in strength of the ROI pipeline.”
Fellow co-founder and partner Kahari Nash is an activist/entrepreneur responsible for creating the nationwide “Don’t Be McFooled” protest to bring attention to a national class action lawsuit on behalf of a large group of black McDonald’s Corp. franchisees. “MME is here to make a difference. The black community worldwide is our bottom line concern.”
Further updates are to follow as the company’s public platform is being perfected.
source: Tony Jones, INK
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The post Exciting announcement establishes startup’s long-term goals.: Lonnie Love’s Money Motion Entertainment, LLC Announces $150M Deal with China Film Group for Film, Music & Television appeared first on EURweb.
