When we talk about movies the high finance used does not perform as well as the high sales. Around the Bermuda triangle, the Caribbean flounced and was able to make over $4.5 billion just at the box office. While at wall street Michael Douglas was able to make about $43.9 million, but in the year 1987. When this amount is adjusted for inflation, it comes to about $97 million. To be fair, the wolf of wall street was able to make a substantial $392 million. But from this amount Jordan Belfort share could get seized and redistributed.
There Are New Developments In The Movie Industry
With the latest developments taking place in the movie industry, it will significantly help the crypto market to bring to the masses and probably with the same impact that we witnessed with Leonardo and his audience.
The token offerings that are similar to the ICO's are hyped to provide a viable alternative to the currently centralized movie studios. As a result, the directors and the actors can find a backing directly from the public.
Due to the budget constraints witnessed in the movie industry, it has led Hollywood to be dominated by six major studios. It could be the explanation as to why superheroes and the endless remarks are invading cinemas.
The crypto market could go ahead and revolutionize movies by ensuring you have put finance decisions to the public. However, some of the major houses like Sony and the famous Miramax are nationally owned by stakeholders, which means the operations are far from being transparent. The individual stakeholders in such a corporation tend to exercise very little knowledge and much less control over the operations taking place.
There Is More To Expect
Crypto Briefing previously reported on the Crypto No Postage Necessary, which is an indie film that has been paid and distributed on the Qtum blockchain.
But it is important to note that this is not the only movie that has had a crypto debut. Another good example is Braid, which is a psychological horror film which was able to reach the Tribeca film festival having a 1.4-million-dollar token sale. Thus, able to allow the producer Mitzi Peirone to realize her creativity without compromising the studio executives.
Although the Braid movie was intended to be one-off other companies, have gone ahead and developed plans to decentralize the movie industry for the long haul. It seems this concept is the motivation behind the Crowded Cloud company. It is a company that has purported under the control of the token holders.
Is Netflix Going To Be On Blockchain?
The next in line for decentralization could be Web TV; it is all thanks to the several blockchain services that are seeking to disrupt the current subscription services. It is the likes of SingularDTV and AlphaNetworks, which is a decentralized entertainment platform that has been designed on the Ethereum blockchain. With the use of the funds raised from the token sale, SingularDTV will be able to acquire the needed rights to film and be in a position to distribute online TV properties or use the TV bridge portals.
At the moment it is producing TV shows and several inspiring documentaries. Recently AlphaNetworks was able to close a 10-million-dollar funding that will be used to develop a blockchain secured entertainment system.
According to a statement by the CEO, Seth Shapiro, it is considered to be fashionable to talk about how much the media industry has been disrupted as though it was a new concept in the market. The fact is the media industry is always disrupted by the new technologies that are hitting the market; this is from broadcast to the use of cable, and from cable use of broadband. The next era that will take place in the media industry will strongly be defined by forces like blockchain and the distributed ledger technology.
The idea of having a decentralized television is being considered as a new story; as a result, this could include several surprises and various twists along the way. However, some of the investors crypto markets are very eager to see the ending but this new concept.