Tuff TV, a digital broadcast network that targets men, is offering ownership in the company via crowdfunding on SparkMarket – a Georgia based equity platform. Georgia is a state that embraced equity crowdfunding early on in the game. The offer comes under the “Invest Georgia Exemption” (IGE). This intrastate crowdfunding law allows for both accredited and non-accredited investors the opportunity to purchase shares in Georgia based companies. The investment offer is open only to Georgia residents but there is rewards based element to the campaign as well. Tuff TV states they are the first broadcast network to ever offer equity via crowdfunding in the US.
Tuff TV claims to reach approximately 38 million U.S. TV households, and is distributed through local broadcast affiliates in markets across the country. In a recent release Tuff stated they are ranked amongst the top 20 digital broadcast television networks in America.
“Most television networks are owned by huge media conglomerates that do not permit ownership of specific networks,” commented Lou Seals, CEO of Tuff TV. “Many of these same conglomerates have spun off media holdings, often separating television network operations from other less profitable divisions.”
“We are both proud and excited to be the first to offer ownership to the general public in a pure play national television network using a crowdfunding platform,” Seals added.
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