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Film Development Needs an On-Chain Business Model

cryptovert November 14, 2024 1 min read

The
film
industry
is
at
a
moment
of
transition.
The
rise
of
streamers
and
the
increased
popularity
of
YouTube-type
media
have
changed
the
game.
Streamers
flooded
the
market
with
capital
based
on
unsustainable
projections
of
growth.
Now,
as
financial
reality
hits,
they
are
scaling
back
and
fewer
films
are
being
produced
within
the
studios
system
than
in
decades
past.

Independent
producers
have
an
opportunity
to
make
films
more
efficiently,
providing
audiences
with
stories
that
challenge
them
to
think
at
a
time
where
it
seems
films
are
scared
to
push
the
envelope.
We
need
a
new
model
for
financing
and
production,
which
introduces
a
new
and
special
asset
class
for
blockchain.

Pressman
Films,
the
production
company
that
brought
you
Wall
Street,
American
Psycho,
Conan
the
Barbarian,
The
Crow
and
one
hundred
more
motion
pictures
over
the
last
50
years,
is
now
trying
to
fix
what’s
broken
in
film
financing
by
leveraging
the
advantages
of
blockchain
to
bring
more
transparency
and
community
to
independent
films.

Our
solution:
crowd
financing
on-chain.
Both
accredited
and
unaccredited
investors
alike
are
able
to
buy
a
securitized
token
powered
by
Avalanche.
That
allows
them
to
share
financial
revenues
of
a
slate
of
multiple
films
through
the
platform

Republic.com/pressman
.
If
you’ve
ever
wanted
to
attend
a
premiere,
walk
the
red
carpet,
or
simply
learn
about
how
movies
are
made
–
this
is
your
chance.

Continue Reading

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