PennyFly Entertainment

Entertainment Company

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Security Type
Membership Units
Categories
Entertainment
Min Investment
$99
Location
Thousand Oaks, CA
Offering Date
December 09, 2021
Expected Close Date
April 29, 2022
Target Raise
$10.00K-$1.07M
Security Price
$0.72
Valuation
$7,200,000
Website
pennyflyentertainment.com
Number of Employees
0
Cash
$68,169
Revenue
$61,262
Short Term Debt
$0
Cost of Goods
$1,626
Long Term Debt
$17,317
Net Income
$28,845

Company Description

PennyFly is a 21st century record label and entertainment company. Our simple 50/50 artist profit splits, flexible deal terms, and access to critical music industry channels that are typically exclusive to majors, allows us to offer services that an artist typically expects from a major label deal, but with significantly greater profit opportunity and control over their career.

Key Deal Facts

We believe PennyFly has the relationships, access, and staffing that major labels have
Instead of 360 deals, PennyFly Artists are signed to a simple 50/50 profit split structure and allowed much more control over their rights and career
Artists aren’t forced to create music untrue to their vision, or tour and record endlessly on a relentless schedule only to receive 15-20% of profits
Amount Raised : $41,304
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Valuation

Security Description

Membership Units represent ownership rights in a Limited Liability Company, indicated by the right to receive cash or unit distributions, declared by the Manager(s) of the LLC, and having voting rights in the governance of the Company.

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