Johnny Depp’s current woes continue as the value of TaTaTu, the media streaming company he teamed up with to produce film and digital content, crashes to an all-time low.
Tatatu was promoted as the Netflix of the crypto world, where viewers could earn coins by watching films. But as is often the case, if something sounds too good to be true, it often is, and Tatatu’s coin (TTU) is trading at $0.0178 at the time of writing, down from an all-time high of $1.07 in August 2018.
A major reason for the price dive is a move away from Ethereum and the concept of buying a token that could be traded on a decentralised platform. This change of direction caused many early investors to abandon ship.
Although prices fell from September 2018 onwards, Johnny may have lost a huge proportion of his investment depending on when he bought and/or sold.
At the same time, his legal fees are likely to be very high right now, and he’s missed out on revenue from recent films where he wasn’t cast because of the ongoing legal saga. It’s nearly 3 years since his last film, although he has recently been cast as King Louis XV of France in director Maiwenn’s next film which will be launched this month in Cannes.
But having been dropped from his long-term role as Captain Jack Sparrow in the Pirates of the Caribbean movie series, can his income recover from the battering? We can only watch to see how the next scenes of his tumultuous life unfold.
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