FLiK is a video streaming platform built on the blockchain. Find out how the proposed platform plans to change the entertainment industry today in our FLiK review.
What Is FLiK?
FLiK, found online at TheFLiK.io, is developing a video streaming platform that aims to give creative individuals the ability to distribute their own video content – like a movie or TV show – to a global audience online without the need for traditional distribution models.
Obviously, traditional distribution models often leave creative individuals with a limited share of the profits. Filmmakers need to work with production companies, distribution platforms, and other middlemen that all take a cut of the profit. If the creator of a TV show wants to access Netflix’s global audience of viewers, for example, then that person will need to pay a hefty cost to do so.
FLiK wants to change that by allowing creatives to earn the vast majority of profits from a project. The platform aims to give creatives a cut of up to 98%.
In addition to changing the distribution model, FLiK aims to make it easier for creatives to fund a project. We’ll take a closer look at how FLiK works below.
FLiK, by the way, is co-owned by American rapper T.I. – so the project already has some celebrity cred attached to it.
How Does FLiK Work?
The FLiK ecosystem revolves around three core platforms:
FLiK is currently developing a video streaming platform that allows creatives to self-distribute their film or television show to a global audience, bypassing traditional distribution models and giving more money to the people who actually created the project. The streaming platform allows creatives to choose how their products are distributed – they can rent or sell products to a global audience, for example. FLiK claims that it will allow creatives to aim up to 98% of the profits, although they’ll keep 92% of profits for fiat currency payments. In comparison, other platforms charge 10% to 20% of profits (allowing creatives to keep 80 to 90%) plus a transaction fee.
Funding a film or TV project can be daunting and time-consuming. It involves lawyers, bankers, investors, and production companies. The process can take years or even decades. FLiK sees a different option: the company works with qualified producers to fund projects quickly and efficiently. FLiK’s ecosystem is part of an overall framework that allows projects to be funded, filmed, distributed, and paid for within the FLiK framework.
FLiK tokens can be used to rent or purchase projects on the FLiK platform (TheFlik.io). FLiK also plans to integrate their tokens with other viewing platforms, which means viewers could potentially use FLiK to purchase movies and TV shows on iTunes, Amazon, Google Play, Roku, and other platforms.
Who’s Behind FLiK?
FLiK is led by Ryan Felton (Founder and Co-Owner). Felton is an entertainment executive in Atlanta, Georgia. Some of his recent projects have included Stranger Things, Monday Night Football, Queer Eye for the Straight Guy, Rolling Stone Magazine, and National Geographic. Felton also produced and directed the first ever bitcoin-related television commercials (the commercials were for BitPay, and they were broadcast nationwide on ESPN in December 2013).
As mentioned above, T.I. is a co-owner of FLiK. The only other listed team member is Tony Gallippi, the co-founder of BitPay, who is listed as an Advisor for FLiK.
FLiK is based in Atlanta.
The FLiK Token Sale
The FLiK token sale is ongoing until September 20, 2017 (or until the company sells 50 million tokens). Bonuses are available throughout the sale.
FLiK has a surprisingly generous bonus program where they’re giving you a 9x bonus. If you send 0.02 ETH, for example, you’ll get 10 FLIK today, and then 90 FLIK as a bonus at the end of the sale (100 FLIK total). Any unsold tokens will be burned.
FLiK is an ambitious project that aims to create an end-to-end entertainment platform that enables creatives to seek funding for a project, then distribute that project to an international audience while receiving up to 98% of profits.
FLiK is backed by co-owner T.I. as well as an entertainment executive from Atlanta (Ryan Felton, Founder and Co-Owner)) who has plenty of history making big projects. To learn more about FLiK, or to participate in the company’s ICO (which lasts until September 20), visit TheFLiK.io today.