Hi @bellsx1 ,
a friend of mine who's a film producer read this original proposal and he contacted me to let me know he was building his own system. They seem to be gaining traction and to be getting it off the ground. Maybe it's something that would be relevant for the Butterproject?
You should contact them directly his name is Paul Brenner and the website / ICO they've built is called Framecoin (http://www.framecoin.io) and it's already up and running. It may be what you need because they've got a lot of the ideas working and they've got a group of Hollywood talent (Directors like Brian Yuzna) already backing it.
Also check out SingularDTV. It's unfortunately Ethereum based but I'm very impressed with what they are currently doing as well.
Angus.
RE: A New Way to Fund Feature Films Based on Steemit's block chain through Smart Media Tokens?