MIDNIGHT RUN CLUB
A vertical drama series: five strangers join a 2 a.m. running club and outrun the lives chasing them.
Why this deal
- Vertical micro-drama market grew 8x in two years
- 80-episode season; per-episode cost under $6K
- Platform revenue share term sheet in hand
The SPV structure
Vehicle
FF MRC Vertical SPV, LLC
Jurisdiction
Delaware, USA
Framework
Reg CF
Security
revenue share
Waterfall share
50% of revenue
Escrow
North Capital Private Securities
You are purchasing units of the SPV — a single-purpose vehicle whose only asset is its contractual stake in this project's revenue waterfall. Distributions flow pro-rata to unitholders after the SPV receives waterfall payments.
Use of funds
The team
Jules Tan
Showrunner
1.2B lifetime short-form views
Market compsCineComps™
Cohort-level performance for projects with a similar model, genre, and distribution approach.
Cohort figures pending publication
Vertical micro-drama seasons (60–100 episodes)
2023–2026 cohort · platform rev-share terms · sub-$10K per-episode cost
Cohort figures pending publication
Romance/drama verticals with proven showrunners
Showrunners with 500M+ lifetime short-form views
Cohort comparables are in development; figures are not published yet pending documented methodology and regulatory review. Past performance, when published, will not predict any specific outcome. Demo disclosure
Updates
2026-05-28
Pilot episodes wrapped
First three episodes cut; backer screener goes out next week.
Risk factors
- • Vertical platforms are young; monetization terms can change.
- • You may lose your entire investment.
Investing in film and media involves substantial risk, including total loss of capital. Review the full offering documents before investing. Nothing on this page is investment, legal, or tax advice.
Platform role: FILM.FUND is a technology platform earning subscription and transaction fees — we are not the issuer of this offering. All representations and warranties about the project are made by the creator (issuer) in the offering documents; investors represent their own eligibility under the stated framework. How responsibility is divided
2,880 of 9,000 units remaining · executed via licensed placement partner · funds held by independent escrow until close
Investor perks
Offering docs in the data room
Escrow: North Capital Private Securities
FF MRC Vertical SPV, LLC
$306Kof $450K · 19d left