FILMGRID - Decentralization in The Movie Industry Guarantees Freedom of The Art
STARTER INFORMATION
With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Filmgrid's core ideal is to disrupt the movie industry in favor of the moviemaker, not the suit.
"The film industry of the 21st century can benefit from Blockchain technology, an innovation that can digitally support a dynamic and connected global network of content producers, distributors and audiences.
Blockchain is still an emerging technology and perceived as a threat to the controlling power of intermediaries such as agents and larger studios. As a result many larger or more established participants in the film industry remain cautious about its approach to adoption.
However, tech start-ups have formed to become the early evangelists for film industry oriented Blockchain applications and as history has shown in other sectors, there are no boundaries to disruptive innovation and the film industry will be no different.
As Blockchain applications become more prevalent and mainstream, and smart contracts deliver benefits in licensing and distribution, the film industry is bound to adapt to the technology in the near to medium term. In my own personal experience, this can only benefit the entire industry and enable stronger commercial returns for independent studios otherwise struggling with collections transparency once their film makes it into its first and subsequent release windows."
With that being said, Filmgrid does not depend on a third party for production nor release decisions, it depends only and always on the users, placing the trust in the Blockchain; leaving intermediaries interests out of the equation.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is FILMGRID?
As depicted above and as indicated on the official website of FILMGRID, 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.
In addition, Filmgrid is a peer-to-peer platform for commerce, streaming and financing of independent films and series over the Internet. Of decentralized nature, removes all movie theaters and film distribution companies as intermediaries, allowing a fair distribution of profits among the film's creators, which at the same time allows for a reduction to the cost of the offer to the public.
Blockchain Architecture
During the period the DApp lives in the Etherum Network, we will be developing Filmgrid Blockchain, an Ethereum fork, on which the consensus algorithm Proof Of Work (PoW) will be changed to the consensus algorithm Proof of Elapsed Time (PoET), turning it into a Permissioned Blockchain. This way, this Blockchain’s need for miners is eliminated as the computing power is provided by the Filmgrid peers network.
Every device that runs Filmgrid's DApp is a potential source of computing power. The PoET algorithm gives the opportunity to do processing in the backend of the device, randomly chosen, with a low power consumption while watching a movie. Users will have the option to enable or disable this function at will.
Filmgrid will provide server power for certain functions of the DApp and the off-chain interconnections, such as the video files retrieving or social network activity.
A KYC module will also be implemented, in order to differentiate the type of user in the platform, the more faculties within the platform, the more information is requiered.
Filmgrid will provide server power for certain functions of the DApp and the off-chain interconnections, such as the video files retrieving or social network activity.
A KYC module will also be implemented, in order to differentiate the type of user in the platform, the more faculties within the platform, the more information is required.
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.
Fair Trade Commerce
The whole point is to get here. It is well known that as many big industries, the movie business is far from being fair, FILMGRID constantly hear about movies making millions of dollars in the box office, but what we don't hear about is that money remain in the intermediary’s pockets. Not to mention the shameless product placement movies are put through.
In a traditional Hollywood-like business model, income is produce 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.
For a movie with a hypothetical income of 101,473,573.86 USD, it would look much like this:
It takes a few years for the recoupment to be completed, the producers pool is the last to see any income. The producers pool is made not only by producers, but also by some creatives that negotiate a percentage of revenue, such as directors, writers, actors and others.
Every deal is unique for each movie, it depends in the names behind the project, but it usually respects the presented figures.
Disruption
FILMGRID wanted to disrupt the industry? FILMGRID meant everything about it. FILMGRID come up with an innovative business model, cutting out intermediaries, aiming for the moviemaker to be the one who make the most profit.
In the proposed business model, FILMGRID have three income sources within the same platform: Premiere sale, Screening sale and Home Cinema sale.
In either case, Creative Users members of the Creative Team begin to receive income from the first sale. The decentralized application and the smart contracts will take care of all the automated operations and income distribution, respecting the configuration from the team registration.
FILMGRID have now the opportunity to offer the users, international movies at an accessible price for almost anyone; and at the same time, a fair alternative to movie makers.
The suggested prices for each sale option are:
PREMIERE = 2.85 USD
SCREENING = 1.9 USD
HOME CINEMA TICKET = .56 USD
With these prices and using the types of income of the typical scenario, we can run our hypothetical case, for the same movie, using Filmgrid.
Even though the total income was dramatically less than in a typical scenario, the revenue received by the Creative Market was bigger.
About The Filmpass Token
Filmgrid’s utility token, Filmpass (FILM), is designed to be the means of payment for buying and renting movies and series episodes within the platform.
Token Details
Standard: ERC20
Name: Filmpass
Ticker: FILM
Decimals: 18
Max. Cap: 1,000,000,000 Tokens
Contract: 0xdadfd3814684a3a08a001500a98eef74f4ac1712
Token Distribution
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.
PRIVATE SALE
Date: May 1st 2019 - June 30th 2019
Price: 1 ETH = 11,000 FILM
Tokens for Sale: 20,000,000 FILM
PRESALE
Date: July 1st 2019 - July 31st 2019
Price: 1 ETH = 7,000 FILM
Tokens for Sale: 60,000,000 FILM
SALE ROUND 1
Date: August 1st 2019 - August 31st 2019
Price: 1 ETH = 3,000 FILM
Tokens for Sale: 320,000,000 FILM
SALE ROUND 2
Date: Sept. 1st 2019 - August 31st 2020
Price: Dynamic
Tokens for Sale: 400,000,000 FILM
The tokens will be minted according to the dates and amounts of the distribution sales.
ROADMAP
2016
June
CONCEPT
Applying our beliefs about movie industry in a fair business model.
2017
March
BLOCKCHAIN TECHNOLOGY
Adapting and enhancing Filmgrid to Blockchain Technology.
Blockchain Technology
September
BUILDING THE PROJECT
This .space web site has been created to record and inform the project.
2018
April
WHITE PAPER
Structure and developing of our White Paper version 1.0.
August
ICO LISTINGS
Project registration on ICO listing specialized websites.
December
PLANNING RESTRUCTURING
Improvise. Adapt. Overcome. Rethinking the plan of action.
2019
February
DIGITAL MARKETING
Public Relations, SEO, Social Networks and online publicity.
March-May
PRIVATE SALE & PRE ICO
Filmpass Token Distribution in an Pre Coin Offering (ICO).
May
DAPP AND SMART CONTRACTS
Developing the DApp and Smart Contracts and public release of the code.
June
INITIAL COIN OFFER
Filmpass Token Distribution final and long round begins.
November
FILMGRID ETHEREUM RELEASE
Minimum Viable Product with the Billboard and early Pitchboard.
December
FILMGRID PLATFORM
Start the development of the Filmgrid Blockchain and configuration.
2020
January
DAPP MARKETING
Worldwide promotion of Filmgrid Decentralized Aplication.
May
QA AND MORE CODING
Well, all the work that has to be made to realease a top quality product.
August
FILMGRID PRIMITIVA RELEASE
Filmgrid Blockchain Platform Version 1.0 Release.
MEET THE AMAZING TEAM
ANDRÉS ÁVILA TORRES
DIRECTOR / FOUNDER
Andrés is a Certified Bitcoin Professional (CBP) and holds the Linux Foundation X, Blockchain for Business Professional Certification. He has 7+ years of experience in Fintech business development, with a very strong knowledge in Regulatory Compliance.
OSVALDO NÚÑEZ MELGOZA
OPERATIONS MANAGER / WRITER
Osvaldo is a true believer of science, numbers are his passion, and passion is his way. He is a person of deeply rooted ideology and practical experience, makes the project stronger and keeps us on track for Freedom of the Art.
EDITH VALLE
OPERATIONS COORDINATOR / FILMMAKER
She is an independent filmmaker with a broad and international experience in all types of movies, from short, to long films; she holds a Masters Degree in Cinematography Direction from Escuela TAI in Madrid, Spain.
STEFANIE ZÖHRER
CREATIVE MANAGER / ILLUSTRATOR
With a Degree in Visual Arts and an Illustration Diploma from The New School of Design of Parsons, Stefie ads to the project a lot of knowledge when it come to talent management, professional equipment and production processes.
HUGO ARRIAGA TAPIA
CREATIVE SCOUT / FILMMAKER
ALEX SALAIS
DIGITAL MARKETING / MUSICIAN
Alex holds a Bachelor of Law in Marketing Management from the Autonomous University of Nuevo Leon and is a certified Adwords expert. He saw the project as an opportunity to fully advocate decentralization as an ideology.
LORENA MEZA ZAMORA
CUSTOMER CARE COORDINATOR / MAKE UP ARTIST
OMAR BERMUDEZ DE LA CRUZ
CUSTOMER CARE SUPERVISOR / PHOTOGRAPHER
ADVISOR BOARD
NAVIIN KAPOOR
ICO ADVISOR
Founder of The Times of Crypto, Joboshi, and a top three blockchain ICO Consultant/Advisor in ICOBench and have extensive knowledge of ICO marketing, PR, and subject matter knowledge of blockchain and ICO. He has experience in participating in more than 40 ICOs.
GINA CRUZ LOZANO
REGULATORY COMPLIANCE ADVISOR
Gina is a Certified Compliance Officer by the CNBV in México, expert in matter of Anti-Money Laundering and Countering Financing of Terrorism. With a keen eye to analize the available body of facts, nothing gets by her. She has 7+ years of experience in money transfer.
OSCAR MORENO OLVERA
TECHNOLOGY ADVISOR
Oscar is data/storage specialist with a lot of experience in data centers, server infrastructure and cloud services. He has ventured into crypto mining, finding in blockchain a new passion along the way.
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Website: https://filmgrid.space/
Whitepaper: https://docs.google.com/document/d/1DqPk4pv-qu0sk7YGejxNmecBw7jj9IiipkKFeOVY0bU/edit?usp=sharing
ANN Thread: https://bitcointalk.org/index.php?topic=5139641.0
Telegram: https://t.me/filmgrid
Facebook: https://www.facebook.com/filmgrid/
Twitter: https://twitter.com/FilmgridSpace
Instagram: https://www.instagram.com/filmgrid_space/
LinkedIn: https://www.linkedin.com/company/filmgrid/
YouTube: https://www.youtube.com/channel/UC7S3acFssgkISo4q_9lE-5A
Author: Cryptoholical
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.