Earlier than the unfold of COVID-19 in 2019, film gross sales world wide raked in over $45 billion. As cinemas shut down throughout the nation as a result of pandemic, in 2020, the US market decreased 65.7% from $11.4 billion to $3.9 billion.
For the reason that pandemic has eased and other people have tailored to a brand new regular, the worldwide film market has slowly begun to bounce again. With the trade booming once more, the pandemic has modified the best way the leisure trade operates. Leisure streaming platforms, corresponding to Netflix, Hulu, and Amazon Prime Video have develop into more and more fashionable. These platforms not solely supply comfort and a mess of choices to customers but additionally encourage unbiased filmmakers to submit their initiatives and concepts, giving them an opportunity on the as soon as monopolized leisure trade.
As blockchain continues to make its mark on the monetary world, extra firms are transferring in the direction of decentralized expertise to extend their monetary safety and transparency. Nonetheless, the decentralized answer to the continued downside had but to be launched to the filmmaking trade.
Decentralizing the Movie Trade
Constructed on blockchain expertise, MovieBiz Coin goals to decentralize the present movie trade. The platform encourages producers, administrators, and all gamers concerned within the movie-making enterprise with extra alternatives to develop, elevate capital and set up their initiatives, subsequently giving them an open door to showcasing their expertise whereas giving traders alternatives to enter the film trade.
Particularly, utilizing crowdfunding expertise, producers can tokenize their movies by leveraging the MovieBiz Coin platform. The platform can be disrupting different components of the movie area, with its unbiased film reserving service known as BookingCandy.
BookingCandy permits customers to e-book tickets at native cinemas by way of their smartphones utilizing blockchain expertise. With the sensible contract functionality, retailers are ensured that their tickets are encrypted and might solely be offered at face worth, stopping ticket scalping.
MovieBiz Coin was created to assist unbiased filmmakers, permitting them to create and showcase content material, elevate funds, and attain a trusted world group of movie fans. By means of their native $MBZ token, MovieBiz Coin goals to make use of its expertise to put money into movies and artists worldwide.
The benefits of having a decentralized platform permit MovieBiz Coin to confidently transfer headfirst into massive and numerous markets, attracting film-making advocates throughout the globe. MovieBiz Coin is a revolutionary step ahead for the movie trade, inspiring unconventional film skills to entry a slew of initiatives that, because of blockchain expertise, are certain to counterpoint individuals’s lives with content material that captivates and entertains.
“Most individuals don’t have the chance to put money into the film trade and the principle traders [are] individuals from the film world. We [want to] change the best way the film trade works whereas making it potential for anybody to take a position and make income by investing in films,” the corporate has acknowledged on its web site.