PROJECT ADVANCES, PROJECT ADVANCES RELATED PARTIES

3 Months Ended

Mar. 31, 2024

Project Advances and Project Advances Related Parties [Abstract]

PROJECT ADVANCES, PROJECT ADVANCES RELATED PARTIES

NOTE 7. PROJECT ADVANCES, PROJECT ADVANCES RELATED PARTIES

Project advances represent unsecured, interest-free advances made by investors to help the Company fund film projects. If the film is successful the investor can recoup the money advanced as well as earning a royalty based upon the revenues generated by the film. The terms of this arrangement vary by film and by investor. The Company records royalties payable when it becomes probable that royalties will be payable. As of March 31, 2024 and December 31, 2023 the amount of total project advances were $250,000 and $250,000, respectively, and no royalties had been accrued. Project advances of $150,000 in both periods were provided by a related party.