The Study On Legal Issues Of Cultural And Creative Industry Crowd Funding

With the rapid development of the Internet crowd funding in our country, and the cultural and creative industries crowd funding has also developed boomingly. This paper made a research on legal issues of cultural and creative industries crowd funding, based on empirical analysis, historical analysis, summarizing the method of analysis. Next is the summarization of the main content.The first chapter, namely, the introduction part, mainly focuses on the background, significance and research purpose of cultural and creative industries crowd funding. Additionly, it describes the contents of this paper. The second chapter mainly covers the basic theory of cultural and creative industries crowd funding, including the definition of crowd funding, the overview of cultural and creative industries, applicable types of cultural and creative industries crowd funding as well as current implementation of creative industries crowd funding. The main purpose is to clarify some concepts and theoretical issues concerning cultural and creative industries crowd funding, laying the groundwork for the subsequent research. In chapter three, the project sponsors, investors and tripartite mainstay of cultural and creative industries crowd funding platform are introduced. What is more, the project sponsors’obligations are introduced, as well as details about investment and cultural and creative industries crowd funding platform. In chapter four, the legal risk of cultural and creative industries crowd funding are analyzed, and the illegal fund-raising are analyzed mainly through the provisions of criminal law article 176 the first paragraph, the "Supreme People’s Court Made Explanations on Several Questions of Specific Application in the Trial of Criminal Cases of Illegal Fund-raising" and the case analysis of specific movies. Meanwhile, it analyzed legal risks of specific examples of the issuance of stocks without authorization, mainly combined with December in 2006, "the State Council’s Notice on Crackdown on illegal issuing stocks and illegal dealing in stock business" (Guo Ban Fa [2006] No. 99). The fifth chapter is to improve the suggestions and countermeasures to cultural and creative industries crowd funding legal systems, including the establishment of credit systems to cultural and creative industries crowd funding, the improvement of the qualifications and duties of cultural and creative industries review crowd funding platform, the establishment of protecting rules to the cultural and creative industries crowd funding investors, as well as the improvement of the qualifications and duties of the cultural and creative industries crowd funding.