Substack, the web-based publishing and discovery platform, has opened an investment round to its writers and potentially other retail investors. Founded in 2017, the company has already raised more than $85 million, most recently from venture firm Andreessen Horowitz and entrepreneur Audrey Gelman. But last year, in a rough economic climate, it reportedly came up dry and is now asking the many writers who rely on it to put skin in the game. Based on early response, Wednesday’s announced goal of $2 million was upped to $5 million the next day. Continue reading Substack ‘Community Round’ Outperforms Its Funding Goal

In a newly inked deal, Alamo Drafthouse, the indie theater chain/film distributor, will place executives on the advisory board of startup studio Legion M to evaluate scripts and talent for feature films, shorts, and virtual reality experiences among other potential entertainment projects. Alamo and Legion M portray their agreement as a revolutionary way for fans to become key stakeholders in the success; thus far, Legion M has raised $400,000 from accredited investors and nearly $141,000 from fans. Continue reading Alamo Drafthouse, Legion M Team Up to Produce Film, TV, VR

Dealflicks is a company that offers movie and concession discounts in order to fill the empty seats in movie theaters. According to Dealflicks, about 88 percent of seats remain empty on average. The company is partnering with movie theaters to help attract consumers through special deals. Dealflicks has already raised $1.7 million in seed funding in order to offer these discounts through its mobile app. Meanwhile, over 400 theaters have partnered with the company.

Continue reading Dealflicks Partners with Movie Theaters to Offer Special Deals