Los Angeles, CA, June 28, 2018 (GLOBE NEWSWIRE) -- WENN Digital Inc., the creator and operator of the to-be developed blockchain-secured KODAKOne Image Rights Management Platform (KODAKOne Platform), today announced that they have agreed in principle with the two-time Formula 1 World Champion and World Endurance Championship (WEC) driver, Fernando Alonso, to protect his professional and personal images and videos. As part of the partnership, KODAKOne Platform, an image rights management and protection platform secured in the blockchain, will become the exclusive image registration, protection and license-monitoring solution for certain images and videos of Alonso – including currently archived items and images and videos taken in the future.
The agreement between Alonso and WENN Digital will provide an opportunity to Alonso’s global fanbase to access the to-be-launched KODAKOne Platform – enabling them to not only upload, register and protect their own photos and videos of their favorite F1 driver, but be rewarded for doing so in certain instances.
“We live in a world driven by content distribution across different channels, especially during such large events as F1 and WEC,” said Alonso, who just won the 24 Hours of Le Mans race in Le Mans, France. “I’m very excited to know that I have the ability to reward my fans and professional photographers for their creativity, and that the content they produce can be protected by a single platform.”
As part of this new level of fan engagement and rewards, Alonso and WENN Digital also intend to build a platform that will reward fans and media content producers for an array of products and services around Alonso.
“We are honored that Fernando Alonso is working with WENN Digital and will be using the KODAKOne Platform to secure his global image rights,” said Jan Denecke, CEO of WENN Digital. “Fernando is a world-renowned athlete, and his trust in our platform further validates what we stand for. We couldn’t have asked for a better partner to work with as we roll out our KODAKOne Platform.”
“At a time when pictures can be uploaded and shared across the internet within seconds, the KODAKOne Platform will serve as a valuable resource for those in the public eye,” said Benedikt Dohnanyi, CCO of WENN Digital. “With the capabilities of the KODAKOne Platform, celebrities and rights holders will have a new sense of control over their own IP with a secure mechanism where they can register, protect and monetize their image rights, and also engage with their fans at the same time.”
More information about the features and capabilities of KODAKOne Platform can be found at
www.kodakone.com.
About WENN Digital, Inc.:
WENN Digital, the authorized licensee of Eastman Kodak Company, is the creator and operator of the KODAKOne Platform and the KODAKCoin Tokens. WENN Digital and its advisors are an experienced development and operations team with expertise in proprietary blockchain development, big data, copyright law, AI-enabled image recognition and post-licensing monetization systems.
Notice to Potential SAFT/KODAKCoin Token Purchasers
Neither the SAFTs being offered by WENN Digital nor the KODAKCoin Token issuable thereunder have been registered under the US Securities Act of 1933 (the Securities Act), under the laws of any US states, or under the laws of any non-US jurisdictions. Accordingly, WENN Digital is offering the SAFTs and the underlying KODAKCoin Token only in exempt transactions to “accredited investors” (as defined in Rule 501(a) of Regulation D under the Securities Act) pursuant to Rule 506(c) of Regulation D under the Securities Act. Offers and sales of the SAFTs and KODAKCoin Token issuable thereunder outside the United States will also be made in accordance with the laws and regulations of the relevant jurisdictions. This release does not constitute an offer to sell, or a solicitation of an offer to buy, SAFTs or KODAKCoin Token issuable thereunder in any jurisdiction in which it is unlawful to make such an offer or solicitation and is for informational purposes only. Neither the US Securities and Exchange Commission nor any other federal, state or foreign regulatory authority has approved an investment in SAFTs or KODAKCoin Token issuable thereunder.
Following the offering, the SAFTs and any KODAKCoin Token issuable thereunder will be subject to significant restrictions on resale and transfer in addition to those traditionally associated with securities sold pursuant to Rule 506(c) under the Securities Act. Purchasing a SAFT and KODAKCoin Token involves a high degree of risk and potential purchasers should review in detail the “Risk Factors” and other information included in WENN Digital’s offering memorandum, dated May 21, 2018, before making an investment decision.
Forward-Looking Information
This release contains forward-looking statements including, but not limited to, statements relating to future events, to WENN Digital’s and Fernando Alonso’s and his affiliates’ performance and obligations under any formal agreement that may be entered between such parties, or to WENN Digital’s and the KODAKOne Platform’s future performance, operations, financial results, business and products, as well as statements regarding the launch and operation of the KODAKOne Platform and KODAKCoin Token. The use of any of the words “anticipate,” “may,” “will,” “believe,” “could,” “should,” “estimate,” “expect,” “intend,” “plan,” “predict,” “potential,” “forecasts,” “project,” and other similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information. Forward-looking statements are made based upon WENN Digital’s current expectations and beliefs concerning future developments and their potential effects on WENN Digital, the KODAKOne Platform and/or KODAKCoin Token. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. With regard to WENN Digital, the KODAKOne Platform and KODAKCoin Token, you should read WENN Digital’s offering memorandum, dated May 21, 2018, which is available on kodakone.com and identifies certain of these risks and uncertainties. We do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
The KODAK, KODAKOne and KODAKCoin trademarks, Kodak logo and trade dress are used by WENN Digital, Inc., under license from Eastman Kodak Company.
© 2018 Wenn Digital
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