Tag Archives: organizations

U.S. jury issues $20 million verdict against France’s largest bank over Sudanese atrocities

The woman and two men who obtained the verdict against BNP Paribas S.A. are U.S. citizens who left Sudan after being displaced, losing their homes and property. They were awarded amounts between $6.7 million and $7.3 million apiece on Friday after jurors deliberated for about four hours.

In an August 28 pretrial memorandum, the plaintiffs argued that BNP Paribas helped the Sudanese government “carry out one of the most notorious campaigns of persecution in modern history.”

“They’re very gratified that steps on the road toward justice are being achieved, and they’re happy that the bank is being held responsible for its abhorrent conduct,” their lawyer, Adam Levitt, said on Saturday.

A spokesperson for BNP Paribas responded via email, stating that the result “is clearly wrong and there are very strong grounds to appeal the verdict.” The bank also expressed concern that it had not been allowed to introduce important evidence during the trial.

BNP Paribas argued that Sudan had other sources of money and that the company did not knowingly help the government engage in human rights abuses under former President Omar al-Bashir. The bank provided Sudanese authorities access to international money markets from at least 2002 to 2008.

Over the years, as many as 300,000 people were killed and 2.7 million driven from their homes in the Darfur region. The litigation pertains to government actions in many parts of the country.

Al-Bashir is currently being held in a military-run detention facility in northern Sudan, his lawyer said earlier this month. He has been charged by the International Criminal Court with crimes including genocide but has not been handed over to face justice in The Hague.

Sudan plunged into a civil war more than two years ago, sparking what aid organizations have described as one of the world’s worst displacement and hunger crises.

Lawyers for the French bank maintained that it did not have liability. In an August court filing, they stated: “Human rights abuses in Sudan did not start with BNPP, did not end when BNPP left Sudan, and were not caused by BNPP.”

They further wrote, “BNP Paribas never participated in Sudanese military transactions in any way; it never financed Sudan’s purchase of arms, and there is no evidence linking any specific transaction to Plaintiffs’ injuries.”

Levitt, the plaintiffs’ attorney, called the case a “bellwether trial,” with findings he hopes to apply to other Sudanese refugees—23,000 U.S. citizens who are members of the class-action case.

The BNP spokesperson emphasized that the verdict was specific to the three plaintiffs and “should not have broader application beyond this decision.”
https://fortune.com/2025/10/18/bnp-paribas-france-largest-bank-21-million-verdict-sudan-atrocities/

Bitcoin Documentary Unbanked Featuring Michael Saylor to Stream on Halloween

**Unbanked Bitcoin Documentary Premieres on Apple TV, Amazon Prime, and Google TV This Halloween**

A new documentary titled *Unbanked* is set to premiere on major streaming platforms Apple TV, Amazon Prime, and Google TV on October 31, 2025—coinciding with the 17th anniversary of Satoshi Nakamoto’s original Bitcoin white paper.

**Exploring Bitcoin’s Real-World Impact**

Unlike previous documentaries that focused largely on Bitcoin’s mysterious origins or its technical creation, *Unbanked* delves into how Bitcoin has evolved into a practical financial tool. The film showcases real-world experiences from individuals and organizations across four continents, highlighting Bitcoin’s growing adoption in both developed and developing countries.

The documentary captures stories of how people use Bitcoin for savings, remittances, and business transactions, providing a human-centered perspective on the cryptocurrency. This approach aims to move beyond trading speculation to illustrate Bitcoin’s tangible influence on financial access worldwide.

**Featuring Industry Leaders**

*Unbanked* features interviews with prominent figures in the cryptocurrency space, including Michael Saylor, Jack Dorsey, and Erik Voorhees. Their insights help underscore the transformative role Bitcoin plays in today’s financial landscape.

**Premiere and Release Details**

The documentary’s release date—Halloween 2025—was intentionally chosen to align with October 31, 2008, when Satoshi Nakamoto published the foundational Bitcoin white paper. Streaming simultaneously on Apple TV, Amazon Prime, and Google TV, *Unbanked* seeks to reach a broad audience interested in the ongoing evolution of digital currency.

**Awards and Critical Reception**

Prior to its streaming debut, *Unbanked* has already garnered acclaim on the U.S. film festival circuit. It won Best Documentary at the Manhattan Film Festival and earned a Spotlight Award at the Harlem International Film Festival.

Producers have also announced plans to submit the film for Academy Award consideration, reflecting their ambition to elevate public awareness and foster wider recognition of Bitcoin’s impact.

Early audience feedback has been overwhelmingly positive, with many viewers praising the documentary’s focus on personal stories and practical applications rather than hype or speculation.

**A Timely Documentary for a Growing Industry**

As Bitcoin gains increased mainstream attention—prompting governments, financial institutions, and businesses to explore blockchain solutions—the release of *Unbanked* arrives at an opportune moment.

By featuring influential voices and portraying Bitcoin’s diverse uses across the globe, the documentary offers a comprehensive look at its evolving role in finance and society.

The Halloween streaming debut marks a significant chapter in the ongoing conversation about cryptocurrency and its expanding presence in culture and media.

Stay tuned for *Unbanked* on Apple TV, Amazon Prime, and Google TV this October 31, and discover how Bitcoin is changing lives around the world.
https://coincentral.com/bitcoin-documentary-unbanked-featuring-michael-saylor-to-stream-on-halloween/

beatBread unveils $100m global indie fund in partnership with AIM, WIN, IMPALA

Two months after securing an additional USD $124 million in credit and equity capital, music financing platform beatBread has launched a new $100 million fund aimed at labels and distributors seeking alternatives to traditional industry financing.

The Global Independence Fund (GIF) marks an expansion of beatBread’s existing business model, which provides capital to independent music operations. The company has established the fund in partnership with several trade organizations representing independent labels, including AIM, AIM Ireland, WIN, and IMPALA.

This new financing vehicle will allow labels to access capital by borrowing against existing catalog revenue streams, securing advances for artist signings, and obtaining working capital for operational expenses. Unlike conventional deals, the GIF’s structure enables recipients to maintain control over their day-to-day operations.

In addition, distributors leveraging the GIF will gain access to OpenPlay, a delivery platform, as well as other services through membership programs run by the partner trade organizations.

beatBread notes that the launch of the GIF builds upon its label advance partnership with A2IM in the U.S., which began in November 2024.

Commenting on the fund’s launch, Matthew Tilley, beatBread’s Head of Artist & Industry Development, said:
“For too long, independent labels have had to play by rules set by incumbents, where access to capital comes at the cost of control, and the opportunity to sign and support artists is also limited by access to capital, even when those distributors or independent labels may otherwise be in the very best position to develop, market, and support a given artist. The Global Independence Fund is one element in the ongoing fight to change that.”

WIN CEO Noemi Planas added:
“beatBread has been a long-time supporter of the independent sector. This new funding initiative will not only offer more access to financing options, it will also provide additional benefits to members of leading independent organization friends programs.”

Planas continued:
“The Global Independence Fund is designed to give independent labels the leverage they need to build sustainable businesses on their own terms, compete with larger corporations, and retain independence. The future of music should be shaped by the diversity, creativity, and resilience of independent labels and artists. Expanding access and choice of funding options helps make that future a reality.”

beatBread also highlighted that labels interested in benefiting from the GIF will be able to choose their distribution partners and secure additional pools of co-investment capital from within beatBread’s Funding Network. Furthermore, they can compare various funding structures and options using beatBread’s Deal Comparison Tool.

Launched in February, the Comparison Tool aims to provide indie artists and labels with transparency regarding the long-term costs and potential earnings associated with different funding structures. Importantly, labels can use the tool regardless of whether they seek financing through the Global Independence Fund.

Independent labels interested in accessing the fund can apply directly through beatBread’s website. However, the company has not disclosed how it will allocate the $100 million across applicants or if it plans to raise additional capital for future deployments.

Founded in 2020, beatBread previously raised $34 million in a seed round in 2022 before closing a $100 million institutional fund later that same year. The company also launched an exclusive investor network in 2022, which brought funding from music companies, distributors, and high-net-worth individuals into its existing institutional capital pool.

In 2023, beatBread introduced multi-million dollar advances specifically for songwriters and added publishing administration services through partnerships with Kobalt and AMRA.

By February 2024, beatBread reported having paid advances covering both existing music catalogs and new, unreleased material to over 1,300 clients across six continents, with funding amounts ranging from $1,000 to over $10 million.

— Music Business Worldwide
https://www.musicbusinessworldwide.com/beatbread-unveils-100m-global-indie-fund-in-partnership-with-aim-win-impala/