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.
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.