Short FilmAnimationDrama

PAPER LANTERNS

An animated short about a grandmother’s final lantern festival, told entirely without dialogue.

📍 Japan / USADir. Mei NakamuraBudget $180KAwards & licensingBy Mei Nakamura Illustrative profile — review risk factors

Why this deal

  • Director’s previous short qualified for Academy consideration
  • Awards-run shorts drive licensing and brand-deal revenue
  • Studio partnership covers 35% of production in-kind

The SPV structure

Vehicle

FF Paper Lanterns SPV, LLC

Jurisdiction

Delaware, USA

Framework

Reg CF

Security

revenue share

Waterfall share

55% 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

Animation production68%
Score & sound14%
Festival run10%
Contingency & fees8%

The team

M

Mei Nakamura

Director

Annecy ’23 official selection

Market compsCineComps™

Cohort-level performance for projects with a similar model, genre, and distribution approach.

Cohort figures pending publication

Awards-run animated shorts with studio partners

Shorts with in-kind studio production support entering qualifying festivals

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

2026-06-05

Target reached

Fully funded in 19 days. Oversubscription open to cap.

Risk factors

  • • Short films monetize primarily via licensing and awards exposure.
  • • 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

$120K92% funded
1,960 investors 12 days left
$
Units5
Unit price$25
Waterfall ownership0.0529%
Perk tierBacker
Invest $125

420 of 5,200 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 Paper Lanterns SPV, LLC

$120Kof $130K · 12d left

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