Investor guide
What Is a Film SPV?
The single-purpose vehicle is the unit of trust in modern private markets — and the structure that makes fractional film ownership possible. This guide explains exactly how film SPVs work on FILM.FUND.
One project, one entity
Each SPV (typically a Delaware LLC) exists for exactly one purpose: holding a contractual revenue-waterfall position in one film or media project. There is no pooling, no blind fund discretion, and no cross-collateralization between projects.
What unitholders get
Investors hold membership units. Distributions flow pro-rata: when the SPV receives waterfall payments from the project, every unitholder is paid their exact fractional share. Unit counts, prices, and the SPV’s waterfall percentage are published on every offering.
Governance and reporting
The SPV manager handles distribution collection, tax documents (K-1s where applicable), and investor reporting. Project updates post directly to the offering page and your portfolio dashboard.
Regulatory frameworks
Offerings run under established US frameworks — Reg CF for community rounds open to everyone, Reg D 506(c) for accredited investors, and Reg A+ for larger public-style raises. Each offering page states its framework and any investor requirements.
Live deals in this category
All dealsFrequently asked questions
Who can invest in a film SPV?+
Reg CF offerings are open to all US investors within annual limits. Reg D offerings require accreditation. Each deal page states its rules.
Can I sell my SPV units?+
Units are currently illiquid — there is no secondary market. You hold until distributions or a liquidity event.
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Activate deal alertsThis guide is educational only and is not investment, legal, or tax advice. All investments involve risk, including total loss of capital.