Monday, June 24, 2019

Filmgrid Decentralization in the Movie Industry Guarantees Freedom of the Art







The world has changed, the viewer has changed. The streaming services are growing, not only as far as subscriptions but also in original content; Millennials are no longer impressed by the industry's attempts to compete with larger screens, specialized rooms and ridiculously high investment in marketing. They are interested in the content, regardless of whether that is television, a computer, tablet or smartphone; the medium is no restriction.


FILMGRID seeks to use technological, operative and ideological innovation to provide a fair commercial alternative, to generate equality between users and to promote art. By getting rid of unnecessary intermediaries, the creation of better films will be promoted. That way the direct participants receive a higher percentage of the profit, and they receive it sooner.
 

Filmgrid Manifesto


We hold these truths to be self-evident:
-A movie is a work of art, remember that.
-Freedom of formats with no time restraints. A movie can last as many minutes the story requires to  
 be told right.
-There is more than one way to write a movie. Never limit yourself to over-used storytelling 
  structures.
-Acting talent goes beyond the looks. When casting, the best person for the role must be chosen.
-Telling a good story is what matters. Use every available tools appropriately.
 
We say NO:
-To product placement.
-To non-creative interference.
-To business commitments.


We strongly believe:
-Being talented is no excuse for a negative attitude.
-Money should not interfere in any aspect of the movie.
-Credit must never be taken for the work of others.
-Respect to other ideologies and beliefs is paramount.
-Visual effects should assist the narrative, not overshadow it.
-Not a single member of the production team shall be imposed.
-All relative terms to refer to a digital movie, such as film, movie or picture are fine. 
 

Platform Participants


To participate in the platform it is necessary to initially register as a user, which depending on the level of participation, different obligations and privileges are granted; is divided as follows:
 
-Viewer User (Level One). Internet user looking for video entertainment at little to no cost. They can 
  buy movies on the "Billboard" and participate as a voter on the "Pitchboard".

-Creative User (Level Two). Independent filmmaker, any individual involved in the development of a 
 film: director, writer, actor, makeup artist, sound technician, etc.

-Investing User (Level Three). Investors who seek to place their cryptocurrencies towards the 
 production of independent films.

-Creative Team. A group of Creative Users specifically put together for the realization or sale of a film project.

-Production Pool. A group made up of Investing Users, amongst whom the production cost is split.

-Patron. User who participates in the purchase of a movie in presale.

-Fan. User that “follows” a Creative User or Creative Team.

When upgrading, each user level inherits the features of the previous level in addition to the ones belonging to the new one; i.e., a Creative User, in addition to participating in the creation of films, can also buy others or participate in the "Pitchboard" vote, just as a Viewer User.



Rules of Participation

-All projects must have a budget that is smaller than the allotted fund for the cycle in order to compete 
  for funding.

-Users must have at least one filmpass token (1 FILM) in their Filmgrid wallet in order to cast a vote.

-Each eligible user can cast only one vote per cycle.

-All projects must comply with the Bechdel rule.

-All projects must comply with FILMGRID’s Goodwill Code.
 

Traditional Income Distribution

To exemplify the income distribution of a film we will use a distribution percentage median, as well as averages obtained from a sample of 463 films to determine the parametric quantities to perform an exercise.


The proceeds of the different types of distribution are used as income:
-Movie Box Office. Paid by theaters, between 40% and 50% of the box office.

-"Home Video". Paid by retailers, between 40% and 60% of the sale of physical copies (Blu-ray, DVD) and electronic copies (iTunes, Google Play).

-"Pay Per-View" . Traditional electronic rental income in pay television systems, between 40% and 50% of the rental fee is paid.

-Subscription TV. Licensing to SVOD channels and services (Netflix, Amazon Prime).

-Television Broadcasting. Licensing to broadcast channels.

-Others. Merchandise, soundtrack sales, theme parks, etc.


We will set the following amounts on an average income for a domestic box office movie at $66,540,048.44 CHF in the US, "Home Video" sales for $93,688,388.20 CHF and "Pay Per-View" rentals for $ 23,422,097.05 CHF; the rest of the amounts hold the average proportion with the aforementioned income. 
 


Income = Gross Income - Taxes - Sales Commission


Sales commissions are the share received by theaters, retail stores, digital movie rental systems, etc. The income is distributed as shown: 
 

Canvas Model






FILMGRID’s proposal is solid, filmmakers should receive fair compensation for their work, this goes for each and every one of the participants in the creation of a film.
 
Since our model is inspired by our ideology, it adhere us to maintain low fees:
Premiere sales. 13% fee, is automatically transferred to the Production Fund allotted to the next cycle.
Screening Sales. The 7% commission, is used to subsidize the administration of FILMGRID.
Home Cinema Sales. 3% processing fee.

Blockchain

Due to the challenges FILMGRID platform must face, three different areas must be managed by the same decentralized application; each with a particular function in mind:

-User Identity. For users to manage the information they are willing to share, and so the platform may identify the level of participation according to KYC rules.

-Transactionality. This blockchain provides distributed, immutable record with built-in integrity checking. Every sale, gift or voting that happens in the platform is recorded in here; smart contracts will live here as well.

-Movie File Storage. To provide integrity verification for movie files, we will store the data off-chain and store a hash of the data on-chain. This guarantees that the data is not being modified while protecting the blockchain from becoming bloated. 
 

Token Distribution

We are planning two distribution phases. The first phase is to finance the development of the FILMGRID platform, once we have a Minimum Viable Product (MVP) we will run the second phase, where we look to form the Production Fund that will be used by the first Creative Teams voted winners by eligible users; this fund will be protected by the smart contracts that have been described previously.


The amount collected during the token distribution phases will be used as follows:
Phase I.
2% - Private Sale. The goal is to start developing a working prototype, additional to the present team, developers and freelancers will be added to it.
 
6% - Public Presale. It is expected to obtain the necessary financing for the company to work throughout its first year.

32% - Public Static Sale. It will be used with the task of improving the Dapp in a permissioned blockchain developed by FILMGRID. As for the global marketing efforts.


Phase II.
40% - Public Dynamic Sale. This amount is devoted exclusively to form the initial Production Fund.
 

Utility Token “filmpass”

General details for the utility token filmpass.
-Name: filmpass
-Identifier: FILM
-Decimals: 8
-Token type: ERC20
-Total Supply: 1,000,000,000
-Available for sale: 80%

-Minimum Investment.
Private Sale: 1.0 ETH
Public Presale: 0.1 ETH
Public Sales: 0.01 ETH
-Maximum Investment.
Private Sale: 100 ETH
Public Presale: 50 ETH
Public Sales: 10 ETH
 
For More Information :
 
Telegram : https://t.me/filmgrid 
 
Authors : tellysa

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