As a practicum, "Law, Entertainment and Social Enterprise" will include both 700-minute classroom component and 52 hours of field work.
Topics Covered will Include: The creation of a social enterprise corporation; the negotiation and drafting of strategic alliances; the fair use and protection of intellectual property; and the research and drafting of a Private Placement Memorandum (“PPM”).
Case Study: In 2003, the Steeltown Entertainment Project (“Steeltown”), a nonprofit 501(C)(3) organization, was formed to convene the first ever Pittsburgh Entertainment Summit, which brought together a number of prominent Pittsburgh-affiliated entertainment professionals and organizations. Over the past ten years, Steeltown has continued to connect these local and expatriate entertainment resources to: Identify entertainment content and talent; Incubate entertainment projects; and Invest in entertainment products. To achieve its mission, Steeltown has worked with a number of key local partners working in the entertainment field, including: Family Communications, a family entertainment production company founded by Fred Rogers; Pittsburgh Filmmakers, an educational and artistic organization dedicated to training and supporting filmmakers; and WQED, Pittsburgh’s public television station. Steeltown plans to launch an entertainment investment fund, which will invest in commercially and socially significant entertainment products produced in Southwestern Pennsylvania. Equity for this fund will be raised through a PPM directed at private, government and foundation investors. Although Steeltown has made great strides towards achieving this mission, it continues to be limited by the need for affordable legal assistance in confronting various complex issues. This course will provide students with an opportunity to work with entertainment, business and legal professionals in helping to research and draft a PPM, which will help to resolve Steeltown’s need for financing.
Evaluation will be based on class participation, supervising attorney feedback, and a final, collaborative and annotated draft of a PPM needed to launch the an entertainment investment fund.