Could movie fans become the new producers? The goal of NFT communities is to make the film industry less centralized so that both independent filmmakers and audiences can play a bigger, more equal role. (Via CointelegraphZN)
The traditional film industry is one of the most centralized and traditional of them all. Just a handful of movie studios and streaming conglomerates control the lion’s share of the global film market.
Filmmaker Mark O’Connor, also a panel participant at Cannes, introduced his first Web3 distribution model at the film festival: the Stalker Movie Pack, an NFT version of the 1990s-era DVD movie pack.. The feature film subsequently won the Underground Cinema film festival and, in 2014, was released on DVD in Ireland. Still, O’Connor wanted the film to be fully independent and opted not to release it internationally.
Faus believes that Web3 filmmakers can utilize the power of their communities to finance movies in a decentralized way. When a like-minded community gets behind the project and opts to support it, it greenlights the film. There are no studio executives and no deep-pocketed gatekeepers, Faus adds: Creators on platforms such as Beem can use the tools to build their online communities and can generate revenue by charging fans to view films, in fiat or crypto, and can token-gate access for community members who have specific NFTs in their wallets. Beem’s customer isn’t the audience, it’s the content creators, the filmmakers.
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