Entertainment is big business and all big business requires massive capital outlay for investment, from Hollywood, to Bollywood to nollywood the story is not any different massive capital is central to the success of any investment .The entertainment industry is a multi- billion dollars industry, the estimate is mindbugling it runs into trillions of dollars. Movie production is expensive and more capital intensive is producing very good movies that can do well in the box office and bring in the dollars. Script writing is expensive marketing and advertising of movies are all capital intensive, infact most times the success or failure of a movie might just be down to how much might have been invested in producing the movie. It takes a lot of capital to feature A list Hollywood actors and actresses the same applies to other entertainment jurisdictions.
The media and entertainment industry is estimated to have an annual gross revenue of about two trillion USD a humongous amount by any standard. This massive revenue should be an encouraging figure for the average investors of course everyone wants a share of the "big Apple".
Where as an outside observer would ordinarily love to take advantage of the great in flow in the entertainment industry the story is different for as we know investment therein looks to be a close circuit only accessible to the high and mighty, to a handful that have entrenched and vested interest in the industry. The industry looks to be under the control of a few big players at the expense of the average guy down the street. The media and entertainment industry are bugged by a world of inhibitions .
Such inhibitions range from opaqueness in transactions and auditing . A more openness and transparency in the financing, accounting and payments system for movies is necessary to increase accessibility and therefore teardown the near Monopoly presently being enjoyed by the major studios.
To tackle the underlying problem MovieCoin in partnership with Bankex is offering the movieCoin solution .
This solution will help to liberalize, democratize and expand the investment opportunities available in the media and entertainment industry to investors through the smart asset tokens:
Create a block chain based system through the MC platform for the management of the economic life cycle of a movie television program or other entertainment assets.
Recruit key vendors and professional service providers celebrities and producers into the MovieCoin platform to help migrate several of the entrenched Hollywood system into the MovieCoin ecosystem.
The use of smart contracts will allow for the entrenchment of transparency and accountability thereby creating trust among the various parties involved in the production and distribution process in the economic life cycle of a media and entertainment asset.
MovieCoin will be the means of transaction by consumers of entertainment and media products and also the tool of interaction between the MC platform and outsiders.
The team of MovieCoin led by Mr Christopher Woodrow consists of individuals with various degrees of experience in the movie and entertainment ecosystem.
MovieCoin can be used in payment to movie producers and can as well be used in firm rental.
Because of the transparency that the MovieCoin solution is initiating, the expectation is that the industry will warm up to it.
The partnership between MovieCoin and Bankex leveraging on block chain technological innovation would undoubtedly help to cause a disruption in the movie and entertainment ecosystem.
ICO DETAILS:
Total moviecoin tokens: 2,000,000,000
Total moviecoin token offered: 600,000,000
Hard cap(ETH): 150,000
IMPORTANT links
Whitepaper:http://movie.io/static/docs/MovieCoin_Whitepaper_ver_1.2.0.pdf
Website moviecoin :http://movie.io
Website bankex:http://bounty.bankex.com
Telegram : https://t.me/moviecoinco
My telegram username :@starfranko