How Tokenization Is Transforming Film Financing, Wesley Snipes’ Fund
Cointelegraph By Will Heasman's original article for cointelegraph.com reduced by 59%
Hollywood actor, director, producer and martial artist Wesley Snipes is attempting to capitalize on this shift to tokenization. The venture, known as the "Daywalker Movie Fund" will invest solely in the artistry of Snipes and his production studio, Maandi House Studios, allowing investors from all over the world to hold a stake in the fund's productions. "The Daywalker Movie Fund will be structured as a fund, giving token purchasers access to a portfolio of productions including the whole value chain, from the actual movie to games, merchandise and intellectual property rights." Clearly, there is burgeoning demand for tokenized funding - and what's more, by most accounts the film industry is in dire need of new vehicles for liquidity.
Traditionally, film funding comes via a hodgepodge of revenue streams, ranging from hedge funds to individual investments from wealthy benefactors. "In many ways, Netflix and streaming services have taken a huge share of the traditional film indie market for less financial risk and far lower distribution costs. Nowadays, generally speaking, funding an indie project comes down to three options.
1. Self-funded 2. Crowdfunded 3.
Government subsidies through charitable organizations." "The film industry is currently only producing movies that the so-called 'experts' and the decision-makers behind the production funding think will be profitable. They depend on market research, past success, or just on their gut feeling..
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