- Proof of Stake will be a strong force in the model, as it is now.
- Films are 95% of the time a loosing capital investment
- A Cartel will form to exploit profit from the out of band 5% meaning blockbusters
- The cartel will be called "The Media"
I think if current electronic distribution was capable of funding films, production companies would seize the opportunity. The production companies already have crowdfunding opportunities using multiple modalities.
Blockchains only add value to the financing component by providing a low friction mechanism to issue shares in a project. Smart Contracts can help, but you still need them tied into the revenue generating distribution channels, and licensing for post release showings and merchandising. The major media companies investment in films is 1) Marketing (Direct and Tangential) and 2) Licensing rights mainly to hold them for post-theatrical release; when they finally make back their investment through licensing the "catalog" of film footage for television, special events, sequels, etc.
There is definitely avenues for small films to get distributed and get a ROI that bigger players will miss out on.
We should write a SMT proposal for the Butterproject
They need funding and the technology direction works well with the Steem community.
The more tightly knit distribution is integrated into any Film Community on Steem or SMT, the better.
Hi @bellsx1 ,
a friend of mine who's a film producer read this original proposal and he contacted me to let me know he was building his own system. They seem to be gaining traction and to be getting it off the ground. Maybe it's something that would be relevant for the Butterproject?
You should contact them directly his name is Paul Brenner and the website / ICO they've built is called Framecoin (http://www.framecoin.io) and it's already up and running. It may be what you need because they've got a lot of the ideas working and they've got a group of Hollywood talent (Directors like Brian Yuzna) already backing it.
Also check out SingularDTV. It's unfortunately Ethereum based but I'm very impressed with what they are currently doing as well.
Angus.