TUFF TV First Ever Broadcast TV Network to Launch Crowdfunding
ATLANTA--(BUSINESS WIRE)--TUFF TV, the nation’s first and only multi-genre digital broadcast television network targeted at men, has announced another first in the media industry. TUFF TV will offer ownership in the network, as it kicks off a unique online crowdfunding campaign, allowing both accredited and non-accredited investors the opportunity to purchase shares in TUFF TV Network, LLC, the owner of TUFF TV.
“Many of these same conglomerates have spun off media holdings, often separating television network operations from other less profitable divisions.”
TUFF TV is the first ever broadcast television network to launch a crowdfunding platform for individual investors that includes equity ownership. TUFF TV reaches approximately 38 million U.S. TV households, and is distributed through local broadcast affiliates in markets across the country. TUFF TV is ranked amongst the top 20 digital broadcast television networks in America.
TUFF TV offers programming aimed at men, consisting of seven genres including Sports, Lifestyle, Drama, Reality, Talk, Specials and Movies. TUFF TV content features NCAA Division II football and basketball, mixed martial arts, wrestling, outdoors, adventure, music, motorsports, and more. Original programming, produced under the TUFF Originals banner, includes reality series Auto Wars and Woodwalkers.
Atlanta-based TUFF TV is conducting this fundraise using legislation that exists in only a handful of states that permit accredited and non-accredited investors to buy stock in private and public companies under special state exemptions. The online crowdfunding campaign for TUFF TV falls under the State of Georgia’s Invest Georgia Exemption (IGE), and is for residents of Georgia only.
“Most television networks are owned by huge media conglomerates that do not permit ownership of specific networks,” commented Lou Seals, CEO of TUFF TV. “Many of these same conglomerates have spun off media holdings, often separating television network operations from other less profitable divisions.”
Using a crowdfunding approach, previously unavailable, TUFF TV is reaching investors who may never have had an opportunity to own stock in a media company. “We are both proud and excited to be the first to offer ownership to the general public in a pure play national television network using a crowdfunding platform,” Seals added.