Blockchain Could Change Movie Industry

The movie industry has been in constant flux since the mid-1950’s with the break up of the big studios’ stranglehold on distribution and exhibition.

Now comes the blockchain which threatens the studios power even more.

Bitcoin-film

A small startup, BitMovio, is attempting to disrupt the distribution power with a non-censured decentralized platform that lets filmmakers reach their audience directly and get paid immediately using cryptocurrencies.

Other blockchain companies are being used to distribute content on peer-to-peer networks, circumventing the centralized cable and internet companies.

Although crowdfunding has yet to change the film financing model, it’s possible that blockchain will further splinter viewing habits, narrowing narrowcasting down to the individual level.

https://venturebeat.com/2018/01/28/how-blockchain-could-kill-both-cable-and-netflix/

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, balance, Banking, CFTC, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, technology, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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