UKIE calls for new crowd funding regulations in the UK

Newsbrief: In the wake of Double Fine's astonishingly successful Kickstarter campaign, industry trade body UKIE called for legislation changes that would allow UK video game companies to use crowd funding to finance their projects. UKIE explained that the UK's current legal and regulatory framework puts too many restrictions on crowd funding, and the group promised to release a report that outlines the ways in which the laws should change to better suit game developers and the entertainment industry at large. "Double Fine's Kickstarter project has today shown the huge potential of crowd funding to benefit games and interactive entertainment businesses," said UKIE chief executive Jo Twist. "We need the UK to be able to take full advantage of crowd funding and UKIE's Crowd Funding Report, due next week, will outline exactly what needs to be done for this to be possible."