PROJECT FILMGRID - DECENTRALIZING THE MOVIE INDUSTRY

sesepuhvan (0)(1)in #ico • 5 years ago

Greetings of Peace of the Universe

FILMGRID IS A PEER-TO-PEER SOLUTION FOR COMMERCE, STREAMING AND FINANCING OF INDEPENDENT FILMS AND SERIES OVER THE INTERNET.

Filmgrid's core ideal is to disrupt the movie industry in favor of the moviemaker, not the suit. Of rebel heart, its principles are the base for its business model design, decentralizing as many aspects of the movie industry as possible. The adoption of Blockchain technology will allow us to build an unstoppable application, that shares Filmgrid beliefs.

Filmgrid is an ideological project, seeking to create a business redundant platform that provides a fair innovative alternative to movie business; removing intermediaries from the creative and producing processes.

A place where independent filmmakers and viewers can interact in order to create better movies with richer content and true artistic freedom. The application will offer all the services needed for this to be integral reality:

The Billboard. A movie marketplace where creative users may offer their movies, and viewer users can buy them and stream them.
The Pitchboard. A podium where film projects can seek funding either by obtaining it from the Filmgrid’s production fund, pre-sales or collective production.
The Critique Bay. A social network environment that promotes the connectivity between all the users and the spread of ideas.

Filmgrid will use the power of blockchain technology to manage transactions and hosting the smart contracts that will secure funds, voting, and other important aspects that make Filmgrid unique.

In a traditional Hollywood-like business model, income is produced with the sale of theater tickets, digital and physical video copies, licensing to SVOD services and others. The typical scenario for profit distribution will include a Recoupment Waterfall, an accounting technique designed to provide control to the middlemen, hence the manipulation of profit.

We come up with an innovative business model, cutting out intermediaries, aiming for the moviemaker to be the one who make the most profit, receiving income from the first sale. This brings the opportunity to dramatically lower down the cost for the viewer.

The purpose of making an Initial Coin Offering, is to fund Filmgrid development; we are planning two distribution phases. The first phase is to finance the development of the Filmgrid platform, and once we have a Minimum Viable Product (MVP) we will run the second phase, where we look to form the Production Fund that will be used by the first Creative Teams voted winners by eligible users..

The FILM token distribution consists of four sales, each one unique and oriented for different markets. Out of the 1 billion FILM tokens, 800 million will be distributed in total; 200 million will be kept to be distributed among Filmgrid and the founding team.