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Logo of Hollywood Hills

Hollywood Hills · True Crime meets Cosmic Horror, from the founders of The Sandbox

B2C Film
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Featured image of Hollywood Hills
$115,597
11% raised of $1M max
23
Investors
75 days
Left to invest
Invest in Hollywood Hills
$200 minimum investment · Deal terms
Pitch Discussion 8 Updates Reviews 6
Invest Invest in Hollywood Hills
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The Movie The Director's Pitch The Comic Prequel The Deep Lore Your Villa Perks Terms Team About The Sandbox
About Team FAQ Risks Discussion

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Hollywood Hills, LLC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Revenue Participation Agreement Form C - Hollywood Hills LLC- Participating Agreement.pdf Form C - Hollywood Hills LLC.pdf
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Hear from some of the 23 investors in Hollywood Hills


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Highlights


Invest in “Hollywood Hills,” the debut horror feature from a team that has taken films to the Oscars, Cannes, Netflix and Shudder, and built The Sandbox gaming platform. 

  • Unique true crime meets cosmic horror movie
  • Blends experiential & virtual elements for cross-platform IP
  • Debut film from the creators of The Sandbox, the metaverse gaming platform
  • Investors get a Hollywood Hills "Villa", a digital collectible with perks
  • Investors can help solve the true-crime mysteries of the Hollywood Hills
  • Genre-based market appeal with multiple potential revenue streams

The Movie


The film follows the "Dead & Famous" bus tour as its driver and passengers stumble upon a secret underworld in the Hills and descend into a nightmare. Part Hollywood stroll, part hallucinatory horror, the film plays out like a juicy slice of gothic L.A. that delights in questioning the very idea of reality.

The Director's Pitch



There is a bus in Los Angeles that only runs after dark.

The Dead & Famous tour takes you past the celebrity murders, overdoses, and hidden addresses the maps leave off — Hollywood’s greatest hits, in the order they happened.

Tonight it goes off route.

A dying star is looming above the city, the way a comet hung over it in 1899 — the year Los Angeles lost its mind and never entirely got it back. Twelve people have vanished in these hills. Nobody has connected the two.

By morning, the passengers will know what has been living in the depths of Hollywood for 125 years. But at what cost?


The Comic Prequel


The century-long prequel to the movie’s fateful night. Every Villa comes with early access to the comic.

A secondary character in the film, LOGAN LINK, fallen king of Hollywood and former leader of the Black Fire Society, is the main protagonist of “A Link to Eternity“, the comic prequel to “Hollywood Hills“. Following his century-old story from rags to riches (and back to rags), the comic takes you on a fantastical journey into the golden age(s) of Hollywood and the cataclysmic events leading to the film. What happened on August 8th, 1899 (the fateful ‘night of the comet’); which supernatural forces presided over the foundation of the Black Fire Society; how the BFS created the city of Los Angeles and the movie industry within it… Until its slow and painful descent into oblivion over the last 100 years.

Written by Hollywood Hills director Benjamin Rozovas and filmmaker Julien Carbon, drawn by a yet-to-be-announced superstar artist, it’s a fascinating tale of love, betrayal and cosmic hubris, told on a scale so big that it could only be contained in a lavish, spectacular, 130 pages volume.

The Deep Lore


“HOLLYWOOD HILLS” ARCHIVES

August 8, 1899. A comet streaks across the L.A. sky. Madness was said to have erupted in its wake.

•

October 30, 1968. Former silent film star Ramon Novarro is murdered in lurid and gruesome fashion by two brothers, Paul and Tom Ferguson, who were invited into his home. Sex games spiraled into extortion and torture.

•

Laurel Canyon, 1971. A strange occult symbol, a squid-like figure straight out of a Lovecraft story, appears at the bottom of a pool.

•

1971. Seventeen members of the Hells Angels are arrested, leading to the discovery of a sprawling, previously unknown Gothic Revival compound with mysterious ownership. The police return the next day to find the estate has simply... vanished.

•

Random events? Or is there a deeper thread? One perk of investment will be periodic clue drops, and your investigations will help tease out the mystery. In fact, the first clue is here… somewhere on this page.

Your Villa


Your home in the world of Hollywood Hills: a collectible Villa that unlocks holder perks and hides a clue to the mystery.

Each investor (at any amount) is eligible to own an NFT digital-collectible property “Villa” designed by artist Steve Scott, whose work has shown at the Guggenheim, Pictoplasma Berlin, the British Animation Awards, and at Led Zeppelin concerts.

Each Villa contains a unique piece of evidence, and is a unique environment with custom architecture and interior design, rich characterizations, and storytelling built into every detail: designed to feel like a scene from the upcoming film.

EACH VILLA IS UNIQUE • 3,000 VILLAS TOTAL

Collect more on Opensea →


What your Villa unlocks

These perks travel with the Villa if it's sold.

Every villa. A unique address in the Hills that holds a clue to Hollywood's buried history; holder-only Discord with behind-the-scenes drops as the film gets made; The Black Fire Archive, the holder-only investigation game; early access to the comic prequel.

Uncommon (and above): the digital art book of the 3,000 Villas and the key art, and how Steve Scott designed them.

Rare (and above): the full 125-year story behind the prequel comic, written and annotated by Benjamin Rozovas.

Legendary: your Villa becomes canon in the comic or The Black Fire Archive. If your Legendary features the Dead & Famous bus (only 20 do), you also get a seat on the tour in Los Angeles.

Perks


Perks are cumulative. Investors receive perks and bonuses at their investment level, plus all perks at lower levels.

Higher investment levels increase your odds of a Rare or better-quality Villa, as well as deeper access and involvement with the creative and tech communities involved in this creative property development opportunity.

Perks terms

Access, not control. Every creative decision stays with Benjamin and the production team. Available principal cast may join private investor events, subject to contracts, schedules and availability.  Perks are promotional. They are a thank-you for backing the film early, and they don't change what you're paid as an investor. † Depends on the finished film. Where it lands is the filmmakers' choice and subject to final cut. Anything that doesn't make the edit lives on in the comic, the Hollywood Bulletin or The Black Fire Archive. ‡ Delivered on the production's schedule, not the campaign's. Travel and accommodation are yours — set visits, the premiere and the bus tour included. *The audition is self-taped and reviewed by the casting team. An audition is not an offer and does not lead to one.

Villas do not stack — you receive one Villa, the one for your tier. Villa rarity allocation within any tier operates strictly on a first-come, first-served timestamp basis. If a designated rarity supply fills, subsequent investors automatically receive the next lower available Villa rarity. In the event that an earlier investor withdraws prior to campaign close, the queue shifts upward, with the chance of upgrading eligible investors as long as the Villa supply is available. In the event that you withdraw your investment and reinvest the same amount at a later date, you do not receive any previous perk which are finite such as Villas. Villas are digital collectible tokens only, and do not entitle you to revenues from the project.

Terms


How and when you are paid

You are offered a real community share allocation in the film’s budget alongside the founders, the filmmakers and other investors. You have a chance to own a piece of Hollywood’s mystery.

Revenue Rights
Share in revenue from the film and everything built on it, in proportion to your investment: release, streaming, merchandise, the comic prequel, and any deals for sequels or remakes.

Paid Back First
Investors are eligible to recoup 120% of their investment from Adjusted Gross Proceeds.

Payout Schedule
Paid quarterly for the first three years after the film starts earning, then annually.

See full terms in the 
investor agreement.

Team


We've taken films to the Oscars, Cannes, Netflix and Shudder, and built The Sandbox

Extended-Reality Partnerships

Advisory Board

About The Sandbox


The Sandbox is a game, 3D character and game generator and NFT marketplace platform, representing an advance in creating a new entertainment economy through Web3 technologies.

It was founded in 2011 as Pixowl by game designer Adrien Duermaël and entrepreneurs Arthur Madrid and Sébastien Borget. In 2012, the company released The Sandbox, a world-building mobile game in which the user can create a “universe” that sits on a single screen.

Property owners in The Sandbox universe have included Snoop Dogg, Deadmau5, the Winklevoss twins, Tony Hawk, Richie Hawtin, and Gordon Ramsay, the digital company Atari, and films/TV including Jurassic World, The Walking Dead, Black Mirror, Hellboy, Terminator: Dark Fate, and Attack on Titan.

As of December 2025, there were more than 25,000 digital landowners on The Sandbox, with between $1M and $2M in quarterly property sales on the platform.

$

Deal terms


Minimum investment

$200

The smallest investment amount that Hollywood Hills is accepting.
Learn more

Maximum investment

$500,000

The largest investment amount that Hollywood Hills is accepting.
Learn more

Funding goal

$1M

The maximum amount the offering can raise is $1M.
Learn more

Deadline
Hollywood Hills needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Revenue Participation Agreement

Price per share

$1

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Hollywood Hills, LLC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Revenue Participation Agreement Form C - Hollywood Hills LLC- Participating Agreement.pdf Form C - Hollywood Hills LLC.pdf

Bonus perks

In addition to your Revenue Participation Agreement, you'll receive perks for investing in Hollywood Hills.
Invest
$200
Receive
  • Villa: Common (500)
  • The Transmission: a live session with Benjamin Rozovas and the creative team, every quarter
  • Membership in the Founding Investors Circle: private dispatches from Benjamin and the team — location scouting, development, casting — from now to the premiere
  • Your name on the permanent Founding Investors web credits page
Invest $200
Invest
$300
Receive
  • COMET RIDER • First 48h only • Capped at 200
  • Villa: board early, ride better. First 10 get a Legendary; next 20 a Rare; last 170 an Uncommon.
  • Your name in end credits, “Founding Investors”
  • Private online screening of an early cut, followed by a conversation with Benjamin
  • Permanent status on your Villa and in the Circle.
  • For The Sandbox LAND owners: personalized “Dead & Famous” T-shirt
  • Investing more than $300? You're included.
Invest $300
Invest
$500
Receive
  • Villa: Uncommon (50)
  • Watch the film being made: the production diary — storyboards, location scouts, set stills — published as it happens
  • The complete Hollywood Bulletin archive in one place, including unreleased issues
  • Small-group live sessions with Benjamin or Harrison
  • Craft sessions as the team is hired: the cinematographer, production designer and composer show their work
  • A guaranteed audition for the film* (cap 100)
Invest $500
Invest
$1,000
Receive
  • Villa: Rare (60)
  • Your case file: a page of the shooting script, signed and annotated by Benjamin Rozovas
  • Your name in the film's end credits, Founding Investors block
  • Private online screening of an early cut, and a conversation with Benjamin
  • A real production artifact: call sheet, location photo or prop document
  • The Producer's Room: Harrison walks you through a real budget or scheduling decision
Invest $1,000
Invest
$2,500
Receive
  • Villa: Legendary (40)
  • Associate Producer credit, plus an IMDb credit
  • Choose your way in: ride the Dead & Famous bus in Los Angeles or a guaranteed audition for the film (self-tape)
  • A meaningful production artifact
Invest $2,500
Invest
$10,000
Receive
  • Villa: Legendary guaranteed
  • Co-Executive Producer credit, plus 2 seats at the premiere and the after-party‡
  • You're in the film†: your name or face in the frame (on a donor plaque, a byline or a wall of dead movie stars), or a character, location, or bus-tour story named for you
  • A screen-used production artifact: a piece of the set that appeared on screen, such as set dressing or a document from a scene‡
  • A private filmmaker salon, in a small group
  • A production visit, where feasible‡
  • Limited (15 left of 15)
Invest $10,000
Invest
$50,000
Receive
  • Villa: Legendary guaranteed
  • Executive Producer credit, plus 4 seats at the premiere and the after-party‡
  • Your Legendary Villa as a one-of-one art print, signed by Steve Scott
  • A day on set, and dinner with Benjamin, Arthur, Sébastien and the producers‡
  • A private screening invitation
  • A session with available principal cast, subject to contracts and schedules
  • Limited (4 left of 4)
Invest $50,000
1 investor
Invest
$100,000
Receive
  • Legendary Villa, imagined as a real house in the Hills†. Recognizably yours
  • Executive Producer credit on 1 title card
  • One of the film’s key props‡
  • Private dev dinner with film’s creators
  • Production visit, premiere seats + after-party for friends, w/festival access‡
  • Private screening + personalized signed screenplay
  • Invite to the wrap gathering* and an annual private salon with the filmmakers‡
  • Time with available principal cast*
  • A relationship carrying into future Hollywood Hills projects
  • Limited (1 left of 2)
Invest $100,000

About Hollywood Hills

Legal Name
Hollywood Hills, LLC
Founded
Oct 2025
Form
California LLC
Employees
0
Website
hollywoodhills.cc
Social Media
Headquarters
Google Map location of of Hollywood Hills
6210 Wilshire Boulevard 200 , Los Angeles, CA
Headquarters
6210 Wilshire Boulevard, 200, Los Angeles, CA, United States 90048

Hollywood Hills Team
Everyone helping build Hollywood Hills, not limited to employees

Profile picture of Benjamin Rozovas
Benjamin Rozovas
Writer-Director
Profile picture of Harrison Allen
Harrison Allen
Producer
Profile picture of Oscar Gervet
Oscar Gervet
Producer
Profile picture of Arthur Madrid
Arthur Madrid
Lead Investors & Partners
Profile picture of Sébastien Borget
Sébastien Borget
Lead Investors & Partners
Profile picture of Sam Pressman
Sam Pressman
CEO, Pressman Film
Profile picture of Benjamin Domenech
Benjamin Domenech
Spain Producing Partners
Profile picture of Santiago Gallelli
Santiago Gallelli
Spain Producing Partners
Profile picture of Nicolas Saada
Nicolas Saada
Filmmaker
Profile picture of Thomas Vu
Thomas Vu
Executive Producer ("Arcane")
Profile picture of Gabe Michael
Gabe Michael
Global SVP & Group Executive Producer of AI
Profile picture of Stephen Guasch
Stephen Guasch
Community Manager
Profile picture of Steve Scott
Steve Scott
Illustrator of the Villas
13 more team members
Benjamin Rozovas
Writer-Director
Harrison Allen
Producer
Oscar Gervet
Producer
Arthur Madrid
Lead Investors & Partners
Sébastien Borget
Lead Investors & Partners
Sam Pressman
CEO, Pressman Film
Benjamin Domenech
Spain Producing Partners
Santiago Gallelli
Spain Producing Partners
Nicolas Saada
Filmmaker
Thomas Vu
Executive Producer ("Arcane")
Gabe Michael
Global SVP & Group Executive Producer of AI
Stephen Guasch
Community Manager
Steve Scott
Illustrator of the Villas

FAQ

What are the risks associated with investing in equity securities?

What are the risks associated with investing in equity securities?

Equity security investments are subject to market fluctuations, company-specific risks, and general economic conditions. Prices can be volatile, and there is risk of losing the invested capital. 

Remember, investing always carries risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

How do I earn a return?

How do I earn a return?

We are issuing equity in our company. You may realize returns if the company “exits,” meaning it is acquired or goes public at a higher price than you paid for it, or if you sell the securities at a higher price than you purchased them for. There is also a risk that you could lose your entire investment if the company fails. Startup investing is risky, so there’s no guarantee of a return on this kind of investment. It’s always best to refer to the individual offering documents provided by the company to understand your investment risks.
Still have questions? Check the discussion section.

Risks

We have a limited operating history upon which you can evaluate our performance, and accordingly, our prospects must be considered in light of the risks that any new company encounters.

The Issuer is still in an early phase and we are just beginning to implement our business plan. There can be no assurance that we will ever operate profitably. The likelihood of our success should be considered in light of the problems, expenses, difficulties, complications and delays usually encountered by early stage companies. The Issuer may not be successful in attaining the objectives necessary for it to overcome these risks and uncertainties.

Uncertainty of success of the Picture.

Net Proceeds may fluctuate significantly and unexpectedly from period to period, and the results of any one period may not be indicative of the results for any future period. The Company cannot make, and has not made, any assurances (i) as to the amount of Net Proceeds that will be or may be derived from or collected in connection with the distribution and exploitation of the Picture and its ancillary rights, or (ii) that the Productions will perform in any particular manner or will be favorably received by exhibitors or by the public, or will be released on a wide basis.

The Issuer has the right to limit individual Investor commitment amounts based on the Issuer’s determination of an Investor’s sophistication.

The Issuer may prevent any Investor from committing more than a certain amount in this Offering based on the Issuer’s determination of the Investor’s sophistication and ability to assume the risk of the investment. This means that your desired investment amount may be limited or lowered based solely on the Issuer’s determination and not in line with relevant investment limits set forth by the Regulation CF rules. This also means that other Investors may receive larger allocations of the Offering based solely on the Issuer’s determination.

Global crises and geopolitical events, including without limitation, COVID-19 can have a significant effect on our business operations and revenue projections.

A significant outbreak of contagious diseases, such as COVID-19, in the human population could result in a widespread health crisis. Additionally, geopolitical events, such as wars or conflicts, could result in global disruptions to supplies, political uncertainty and displacement. Each of these crises could adversely affect the economies and financial markets of many countries, including the United States where we principally operate, resulting in an economic downturn that could reduce the demand for our products and services and impair our business prospects, including as a result of being unable to raise additional capital on acceptable terms, if at all.

The amount of capital the Issuer is attempting to raise in this Offering may not be enough to sustain the Issuer’s current business plan.

In order to achieve the Issuer’s near and long-term goals, the Issuer may need to procure funds in addition to the amount raised in the Offering. There is no guarantee the Issuer will be able to raise such funds on acceptable terms or at all. If we are not able to raise sufficient capital in the future, we may not be able to execute our business plan, our continued operations will be in jeopardy and we may be forced to cease operations and sell or otherwise transfer all or substantially all of our remaining assets, which could cause an Investor to lose all or a portion of their investment.

The Issuer’s success depends on the experience and skill of the its manager.

We are dependent on our manager, Next Level Entertainment Group, LLC (the “Manager”). The Manager may not devote its full time and attention to the matters of the Issuer. The loss of the Manager could harm the Issuer’s business, financial condition, cash flow and results of operations.

Although dependent on certain key personnel, the Issuer does not have any key person life insurance policies on any such people.

We are dependent on certain key personnel in order to conduct our operations and execute our business plan, however, the Issuer has not purchased any insurance policies with respect to those individuals in the event of their death or disability. Therefore, if any of these personnel die or become disabled, the Issuer will not receive any compensation to assist with such person’s absence. The loss of such person could negatively affect the Issuer and our operations. We have no way to guarantee key personnel will stay with the Issuer, as many states do not enforce non-competition agreements, and therefore acquiring key man insurance will not ameliorate all of the risk of relying on key personnel.

The Issuer is not subject to Sarbanes-Oxley regulations and may lack the financial controls and procedures of public companies.

The Issuer may not have the internal control infrastructure that would meet the standards of a public company, including the requirements of the Sarbanes Oxley Act of 2002. As a privately-held (non-public) issuer, the Issuer is currently not subject to the Sarbanes Oxley Act of 2002, and its financial and disclosure controls and procedures reflect its status as a development stage, non-public company. There can be no guarantee that there are no significant deficiencies or material weaknesses in the quality of the Issuer’s financial and disclosure controls and procedures. If it were necessary to implement such financial and disclosure controls and procedures, the cost to the Issuer of such compliance could be substantial and could have a material adverse effect on the Issuer’s results of operations.

If the Picture does not enter principal photography, the Company may be required to return the Offering proceeds to Investors.

Under the Company’s agreement with the Intermediary, if the Offering is successfully completed but the Company thereafter determines in good faith that the Picture will not enter principal photography, the Company is required to return to Investors the Offering proceeds, less (i) fees and commissions previously paid or payable to the Intermediary and (ii) documented, permitted pre-development and pre-production expenses incurred before such determination. Accordingly, the amount returned to an Investor may be less than the amount invested. Upon payment of the applicable return amount, the Investor’s Revenue Participation Interests will be cancelled and will have no further rights under the Revenue Participation Agreement.

Dependence to secure domestic and international distribution.

The ultimate success of the Picture in the marketplace will depend on the Company’s ability to secure domestic and international distribution for the Picture on terms and conditions customary in the industry. The Company has not yet secured such distribution agreements and there is no assurance, and none is given, that such distribution will be secured or, if it is secured, that it will be secured on terms and conditions favorable to the Company.

Uncertain Economic Conditions.

The entertainment business and market is unpredictable. Changes in world, national and local economic conditions affect such business and markets. These could include, for example, the impact on economic conditions of terrorist attacks or the escalation or further outbreak of armed conflict involving the United States. Any negative change in the general economic conditions in the United States, or in any other material portion of the worldwide economy could adversely affect the Productions’ revenues and, therefore, investment returns to Investors. The economic performance of a film cannot be assured because the revenue derived from the distribution of a motion picture (which does not necessarily bear any correlation to the production or distribution costs incurred) depends primarily upon its acceptance by the public, which cannot be accurately predicted. The economic performance of a motion picture also depends upon the public’s acceptance of competing films, the availability of alternative forms of entertainment and leisure time activities, general economic conditions and other tangible and intangible factors, all of which can change and cannot be predicted with certainty.

There may never be any Net Proceeds.

In general, the economic performance of a motion picture is dependent on its domestic theatrical performance, which is a key factor in predicting revenue from other distribution channels and is determined by many factors, including the ability to produce content and develop stories and characters appealing to a broad audience and the effective marketing of the motion picture. The revenues to be received by the Company from the Picture are therefore highly uncertain and speculative. The Company’s only source of revenue will be derived from the distribution of the Picture and ancillary rights. There can be no assurance that any Net Proceeds will be received by the Company, or that after customary deductions and expenses, the Company will be able to distribute Net Proceeds to Investors.

Competition.

The number of feature films or televisions series released by competitors may create a situation of oversupply in the market, and may make it more difficult for the Picture to succeed. Should the supply of feature films or television series exceed audience demand, it will be more difficult to find distribution for the Picture or generate revenues from the release of the Picture. If the distributor for the Picture is less successful than its competitors at convincing exhibitors to show its films, and the Company’s competitors increase the number of films available for distribution and the number of exhibition screens remains static, it could be more difficult for the distributor of the Picture to

release the film during optimal release periods, which could reduce Net Proceeds and have an adverse effect on the Company’s revenues and therefore on the Company’s business, financial condition and results of operations.

Piracy.

Motion picture piracy is extensive in many parts of the world and is made easier by technological advances and the conversion of motion pictures into digital formats. This trend facilitates the creation, transmission and sharing of high-quality unauthorized copies of motion pictures in theatrical release, on videotapes and DVDs, from pay-per-view through set top boxes and other devices and through unlicensed broadcasts on free TV and the internet. The proliferation of unauthorized copies of these products will likely continue, and if it does, will have an adverse effect on the Company’s business, because these products could reduce the revenue generated by the Picture. Additionally, in order to contain this problem, the distributor of the Picture may have to implement elaborate and costly security and anti-piracy measures, which could result in significant expenses and losses of revenue. There can be no assurance that even the highest levels of security and anti-piracy measures will prevent piracy. In particular, unauthorized copying and piracy are prevalent in countries outside of the U.S., whose legal systems may make it difficult for the Company to enforce its intellectual property rights. While the U.S. government has publicly considered implementing trade sanctions against specific countries that, in its opinion, do not make appropriate efforts to prevent copyright infringements of U.S. produced motion pictures, there can be no assurance that any such sanctions will be enacted or, if enacted, will be effective. In addition, if enacted, such sanctions could impact the amount of revenue generated from the international exploitation of the Picture. If no embargoes or sanctions are enacted, or if other measures are not taken, the Company may lose revenue as a result of motion picture piracy. Any of these occurrences could have a material adverse effect on the Picture’s success.

Intellectual Property infringement claims.

One of the risks of the entertainment business is the possibility that others may claim that the production of a project misappropriates or infringes the intellectual property rights of third parties with respect to their previously developed films, stories, characters, other entertainment or intellectual property. Any such assertions or claims may materially adversely affect the Company’s ability to develop and finance its projects. Irrespective of the validity or the successful assertion of such claims, the Company could incur significant costs and diversion of resources in defending against them, which could have a material adverse effect on the Company’s business, financial condition or results of operations. If any claims or actions are asserted against the Company, the Company may seek to settle such claim by obtaining a license from the plaintiff covering the disputed intellectual property rights. The Company cannot provide any assurances, however, that under such circumstances a license, or any other form of settlement, would be available on reasonable terms or at all. Any of these occurrences could have a material adverse effect on the Company’s ability to develop, produce and distribute projects.

Distributors’ failure to promote the Picture.

The decisions of the Picture’s distributor regarding the timing of release and promotional support of the Picture are important in determining the success of the Picture. The Company does not control the timing and manner in which its distributors distribute the Picture. Any decision by the distributors of the Picture not to distribute or promote the Picture or to promote the Company’s competitors’ motion pictures to a greater extent than they promote the Picture could have a material adverse effect on the Picture’s success.

Entertainment investments.

The production, distribution and other exploitation of entertainment productions are highly speculative, and traditionally have involved a high degree of risk. The record for independent (non-major) productions may not be much better. Only a small percentage of projects seeking production funding, such as the Picture, ever receive full production funding and are made. Further, it is generally believed in the entertainment industry that only a relatively small percent of projects is sufficiently successful to recover production and distribution costs. The success of entertainment productions is dependent upon a variety of factors over which the Company will have limited or no control, such as public taste, critical reviews, promotion and distribution, and the popularity of other entertainment productions then being financed or distributed.

Changes in government regulation could adversely impact our business.

The cable/media/television/internet/entertainment industry is subject to extensive legislation and regulation at the federal and local levels and, in some instances, at the state level. Additionally, the industry is subject to regulation, and additional regulation is under consideration. Many aspects of such regulation are currently the subject of judicial and administrative proceedings, legislative and administrative proposals, and lobbying efforts by us and our competitors. Legislation under consideration could entirely rewrite our principal regulatory statute, and the FCC and/or Congress may attempt to change the classification of or change the way that the industry regulated and/or change the framework under which broadcast signals are carried, remove the copyright compulsory license and

changing rights and obligations of our competitors. We expect that court actions and regulatory proceedings will continue to refine our rights and obligations under applicable federal, state and local laws, which cannot be predicted. Modifications to existing requirements or imposition of new requirements or limitations could have an adverse impact on the industry.

We face risks relating to competition for the leisure time and discretionary spending of audiences, which has intensified in part due to advances in technology and changes in consumer expectations and behavior.

Our business is subject to risks relating to increasing competition for the leisure time and discretionary spending of consumers. We compete with all other sources of entertainment and information delivery. Technological advancements, such as new video formats and internet streaming and downloading of programming that can be viewed on televisions, computers and mobile devices have increased the number of entertainment and information delivery choices available to consumers and intensified the challenges posed by audience fragmentation. The increasing number of choices available to audiences, including low-cost or free choices, could negatively impact not only consumer demand for our projects, but also advertisers’ willingness to purchase advertising from us. Our failure to effectively anticipate or adapt to new technologies and changes in consumer expectations and behavior could significantly adversely affect our competitive position.

The Picture may be produced without a completion bond.

The Company has not yet determined whether the Picture will be covered by a completion bond. Certain financing arrangements, including pre-sale, tax-credit or other production financing, may require the Company to obtain a completion bond as a condition to such financing. If the Picture is produced without a completion bond, there will be no third-party guaranty of completion. There are substantial risks associated with film production, including death or disability of key personnel, delays, destruction or malfunction of sets or equipment, cost overruns, scheduling issues and other production difficulties. Any such circumstances could materially increase the cost of production or result in the Picture being delayed, materially modified or abandoned.

The Picture may not utilize a collection account, which could increase the risk that revenues are not properly collected or distributed.

The Issuer may elect not to establish a collection account or enter into a collection account management agreement with an independent collection account manager in connection with the Picture. Collection accounts are commonly used in independent film financing to provide for the centralized collection of certain revenues generated by a motion picture and the distribution of those revenues in accordance with an agreed-upon payment waterfall. If a collection account is not established, revenues generated by the Picture may instead be received and administered directly by the Company, a distributor, sales agent or other third party. As a result, there may be no independent third party responsible for collecting Picture revenues and distributing such revenues in accordance with the Company’s contractual obligations to Investors. This could increase the risk of delays, errors, disputes, commingling or misapplication of funds and could make it more difficult for the Company to monitor, recover or enforce payment of amounts generated by exploitation of the Picture. Any such circumstances could reduce or delay amounts available for distribution to Investors, including the return of their invested capital or payment of any participation in profits.

The size of your participation in the Investor Pool is not fixed at the time you invest and may be reduced.

Your share of the Investor Pool depends on the Offering Financing Percentage, which equals the aggregate Participation Purchase Price paid by Investors in this Offering divided by the aggregate Participating Financing for the Picture. That figure cannot be calculated when you make your investment commitment, because the Company has not yet obtained all of the financing for the Picture. The Company may accept additional Participating Financing at any time prior to the commencement of principal photography, including after the closing of this Offering, without notice to you and without your consent. Each time it does so, the Offering Financing Percentage will decrease, and the portion of the Investor Pool to which the holders of the Revenue Participation Interests are collectively entitled will decrease with it. You will not know, at the time you purchase Revenue Participation Interests, what percentage of the Investor Pool you will ultimately be entitled to receive, and that percentage may be materially smaller than you anticipate. Additional Participating Financing will not reduce your Recoupment Amount, which will remain equal to one hundred twenty percent (120%) of your Participation Purchase Price. However, all investors providing Participating Financing recoup on a pari passu and pro rata basis out of the same Adjusted Gross Proceeds. Additional Participating Financing therefore increases the total amount that must be recouped before any Net Proceeds are available, which may delay payment of your Recoupment Amount, reduce the likelihood that you receive it in full, and reduce or eliminate any distributions from the Investor Pool. See "Revenue Participation Interests" for a description of these terms.

Risks Related to the Offering

The U.S. Securities and Exchange Commission does not pass upon the merits of the Securities or the terms of the Offering, nor does it pass upon the accuracy or completeness of any Offering document or literature.

You should not rely on the fact that our Form C is accessible through the U.S. Securities and Exchange Commission’s EDGAR filing system as an approval, endorsement or guarantee of compliance as it relates to this Offering. The U.S. Securities and Exchange Commission has not reviewed this Form C, nor any document or literature related to this Offering.

Neither the Offering nor the Securities have been registered under federal or state securities laws.

No governmental agency has reviewed or passed upon this Offering or the Securities. Neither the Offering nor the Securities have been registered under federal or state securities laws. Investors will not receive any of the benefits available in registered offerings, which may include access to quarterly and annual financial statements that have been audited by an independent accounting firm. Investors must therefore assess the adequacy of disclosure and the fairness of the terms of this Offering based on the information provided in this Form C and the accompanying exhibits.

The Issuer could potentially be found to have not complied with securities law in connection with this Offering related to a Reservation Campaign (also known as “Testing the Waters”).

Prior to filing this Form C, the Issuer engaged in a Reservation Campaign (also known as “testing the waters”) permitted under Regulation Crowdfunding (17 CFR 227.206), which allows issuers to communicate to determine whether there is interest in the Offering. All communications made in connection with such campaign are deemed offers of securities for purposes of the antifraud provisions of the federal securities laws. Any Investor who expressed interest prior to the date of this Offering should read this Form C thoroughly and rely only on the information provided herein and not on any statement made prior to the Offering. The communications used in connection with the Reservation Campaign are included with this Form C as Exhibit D. Certain of these communications may not have included all disclaimers required for a Reservation Campaign, and certain third-party communications may have inaccurately characterized aspects of the Offering, including the relationship between the Villa digital collectibles and the Revenue Participation Interests.

The Issuer's Manager may have broad discretion in how the Issuer uses the net proceeds of the Offering.

Unless the Issuer has agreed to a specific use of the proceeds from the Offering, the Issuer’s Manager will have considerable discretion over the use of proceeds from the Offering. You may not have the opportunity, as part of your investment decision, to assess whether the proceeds are being used appropriately.

The Issuer has the right to extend the Offering Deadline.

The Issuer may extend the Offering Deadline beyond what is currently stated herein. This means that your investment may continue to be held in escrow while the Issuer attempts to raise the Target Offering Amount even after the Offering Deadline stated herein is reached. While you have the right to cancel your investment in the event the Issuer extends the Offering Deadline, if you choose to reconfirm your investment, your investment will not be accruing interest during this time and will simply be held until such time as the new Offering Deadline is reached without the Issuer receiving the Target Offering Amount, at which time it will be returned to you without interest or deduction, or the Issuer receives the Target Offering Amount, at which time it will be released to the Issuer to be used as set forth herein. Upon or shortly after the release of such funds to the Issuer, the Securities will be issued and distributed to you.

The Issuer may also end the Offering early.

If the Target Offering Amount is met after 21 calendar days, but before the Offering Deadline, the Issuer can end the Offering by providing notice to Investors at least 5 business days prior to the end of the Offering. This means your failure to participate in the Offering in a timely manner, may prevent you from being able to invest in this Offering – it also means the Issuer may limit the amount of capital it can raise during the Offering by ending the Offering early.

The Issuer has the right to conduct multiple closings during the Offering.

If the Issuer meets certain terms and conditions, an intermediate close (also known as a rolling close) of the Offering can occur, which will allow the Issuer to draw down on seventy percent (70%) of Investor proceeds committed and

captured in the Offering during the relevant period. The Issuer may choose to continue the Offering thereafter. Investors should be mindful that this means they can make multiple investment commitments in the Offering, which may be subject to different cancellation rights. For example, if an intermediate close occurs and later a material change occurs as the Offering continues, Investors whose investment commitments were previously closed upon will not have the right to re-confirm their investment as it will be deemed to have been completed prior to the material change.

No Guarantee of Return on Investment

There is no assurance that an Investor will realize a return on its investment or that it will not lose its entire investment. For this reason, each Investor should read the Form C and all Exhibits carefully and should consult with its own attorney and business advisor prior to making any investment decision.

If the Company raises less than the amount required to finance the Picture, the Company will need to obtain additional financing.

The Company currently anticipates that the production budget for the Picture will be less than approximately $2.5 million, although the final production budget has not yet been completed. The Target Offering Amount is less than the anticipated production budget. Accordingly, if the Company raises only the Target Offering Amount, or otherwise raises less than the amount required to finance and complete the Picture, the Company will need to obtain additional financing.. There can be no assurance that such additional financing will be available when required or on terms acceptable to the Company. If the Company is unable to obtain sufficient additional financing, production of the Picture could be delayed, materially modified or abandoned, in which case Investors could lose all or a substantial portion of their investment. Additional financing may also adversely affect the economic interests of Investors. To the extent additional financing constitutes Participating Financing, it will reduce the Offering Financing Percentage and the portion of the Investor Pool attributable to the Securities issued in this Offering. Other financing, including debt, bridge or gap financing and tax credit financing, may have repayment rights senior to the Investors and may therefore reduce or delay the Adjusted Gross Proceeds available for payment of Investors’ Recoupment Amounts and participation in Net Proceeds. The Company may also negotiate different economics or priority arrangements with future industry financiers if commercially necessary, which could further reduce or delay amounts available for distribution to Investors.

Amounts owed under a related-party promissory note will be repaid alongside Investors and may reduce or delay amounts available to Investors.

Arthur Madrid, the Company’s Chief Executive Officer, has advanced approximately $247,202 to the Company under a promissory note bearing interest at five percent (5%) per annum. The outstanding principal and accrued interest under the note are repayable solely from Picture revenues and will be paid on a pari passu and pro rata basis alongside the Recoupment Amounts payable to Investors and other investors providing Participating Financing. Accordingly, amounts paid under the note will share in the same first tier of the distribution waterfall and may reduce or delay amounts available for payment of Investors’ Recoupment Amounts. The note does not participate in the Investor Pool.

A significant portion of the Offering is expected to be purchased by the Company’s Managing Member.

Next Level Entertainment Group, LLC, the Company’s Managing Member, currently intends to purchase approximately $500,000 of Securities in this Offering. There can be no assurance that Next Level Entertainment Group, LLC will ultimately invest such amount, or any amount, in the Offering. If Next Level Entertainment Group, LLC does not make its anticipated investment, the Company may be required to obtain additional investments from other sources and may be unable to raise sufficient funds to finance the development and production of the Picture. In addition, because Next Level Entertainment Group, LLC is the Company’s Managing Member and controls the Company, its decision to invest should not be viewed as an independent assessment of the merits or value of the Securities or the likelihood of the commercial success of the Picture. Prospective Investors should make their own independent investment decision and should not rely upon Next Level Entertainment Group, LLC’s participation in the Offering as an indication that the Securities will generate any particular return.

Risks Related to the Securities

Investors will not have voting rights.

Investors are not equity owners of the Issuer and, therefore, have no voting rights. Thus, by participating in the Offering, Investors will not be able to vote upon matters related to the governance and affairs of the Issuer nor take or effect actions that might otherwise be available to holders of the equity securities of the Issuer.

The Securities will not be freely tradable under the Securities Act until one year from when securities are issued. Although the Securities may be tradable under federal securities law, state securities regulations may apply, and each Investor should consult with their attorney.

You should be aware of the long-term nature of this investment. There is not now and likely will not ever be a public market for the Securities. Because the Securities have not been registered under the Securities Act or under the securities laws of any state or foreign jurisdiction, the Securities have transfer restrictions and cannot be resold in the United States except pursuant to Rule 501 of Regulation CF. It is not currently contemplated that registration under the Securities Act or other securities laws will be effected. Limitations on the transfer of the Securities may also adversely affect the price that you might be able to obtain for the Securities in a private sale. Investors should be aware of the long-term nature of their investment in the Issuer. Each Investor in this Offering will be required to represent that they are purchasing the Securities for their own account, for investment purposes and not with a view to resale or distribution thereof.

The use of Blockchain Instruction Tokens and related technology may be subject to cybersecurity, operational and technology risks.

The Company may issue Blockchain Instruction Tokens (“BITs”) as a technological means by which Investors may provide instructions regarding transfers of the Securities. BITs, digital wallets, blockchain networks and related software and systems may be subject to hacking, theft, loss of private keys or other access credentials, network disruptions, software bugs, coding errors, malicious attacks and other technological or operational failures. The systems and procedures of the Company’s transfer agent may also experience errors, delays or interruptions. Any such event could delay, disrupt or prevent an Investor from using a BIT to effect a transfer of Securities and could adversely affect the liquidity or transferability of the Securities. A BIT does not itself constitute or determine ownership of the corresponding Security. Record ownership of the Securities will be determined by the books and records maintained by the Company’s transfer agent. Accordingly, the loss, theft or compromise of a BIT or an Investor’s digital wallet would not, by itself, result in the loss of ownership of the underlying Security, although it could interfere with or delay the Investor’s ability to transfer the Security.

Investors are not equity holders of the Issuer.

Investors are not equity holders of the Issuer and will not have an ownership claim to the Issuer or to any of its assets.

There is no present market for the Securities and we have arbitrarily set the price.

The offering price was not established in a competitive market. We have arbitrarily set the price of the Securities with reference to the general status of the securities market and other relevant factors. The offering price for the Securities should not be considered an indication of the actual value of the Securities and is not based on our asset value, net worth, revenues or other established criteria of value. We cannot guarantee that the Securities can be resold at the offering price or at any other price.

The Securities are unsecured contractual obligations and Investors may have limited recovery in the event of the Company’s bankruptcy or dissolution.

The Securities do not constitute equity interests in the Company and are not secured by any lien on the Company or the Picture. Holders’ rights to payment are unsecured contractual claims and are subject to the rights of secured creditors, lenders and other creditors having priority under applicable law. In the event of the Company’s bankruptcy, insolvency, liquidation or dissolution, there may be insufficient assets to satisfy the Company’s obligations to Investors, and Investors may recover little or nothing.

Investors will not be entitled to any inspection or information rights.

Investors are not “members” of the Issuer and will not have the right to inspect the books and records of the Issuer or to receive financial or other information from the Company, other than as may be required by law. Members of the Company may have such rights. Regulation CF requires only the provision of an annual report on Form C and no additional information. Additionally, there are numerous methods by which the Company can terminate annual report obligations, resulting in limited to no information rights, contractual, statutory or otherwise, owed to Investors. This lack of information could put Investors at a disadvantage in general and with respect to other security holders of the Company. In addition, the Company is not currently subject to the reporting requirements of the U.S. Securities Exchange Act of 1934 (the “Exchange Act”). Therefore, Investors may not have access to information to which they would have access if the investment were made in a publicly held company whose offering was issued under the Exchange Act, and who is subject to the reporting regulations provided by the Exchange Act.

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