Funding a movie with Bitcoin possible? - page 2.

pitiflin

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Quote from: superskillz on July 09, 2017, 06:46:16 PM

Would it be possible to fund a reasonable budget movie (say $10MM) via BTC or Ether?

What do you think would be required to get enough interested contributors including some whales?

A movie funded by Bitcoin? Sounds interesting and a lot of fun involved in it. But then don't you think that 10 million $(if that's what you mean by 10 MM $) is too much for a starter movie. And keep a list of pro's and con's when you do such thing ,you should know everything required to film a movie. Hire some investors for such a work ,but good Luck finding someone who will invest such a big amount that too using bitcoin. I wish you luck for your future endeavors.

shirazteam110

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Quote from: superskillz on July 09, 2017, 06:46:16 PM

Would it be possible to fund a reasonable budget movie (say $10MM) via BTC or Ether?

What do you think would be required to get enough interested contributors including some whales?

I think it is best Idea if you or anyone are professional director then go head for funding make movie and it will good ICO
Grin

Azkabal

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Well, it is possible to fund all things with BTC, and movie too. You just need to find investors, that will be interested in it (your movie must be really profitable)

But BTC is risky thing.

coinenthu

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Till there is buy demand, anything is possible with BTC

WhiteSkinnedFREAK

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why would you want to fund a movie with BTC?

are you talking about big studios?

aTriz

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Quote from: superskillz on July 09, 2017, 06:46:16 PM

Would it be possible to fund a reasonable budget movie (say $10MM) via BTC or Ether?

What do you think would be required to get enough interested contributors including some whales?

Should totally be possible, just depends if the director is willing to take the risk, the bitcoin in that movie may make the budget rise and fall and most directors aren't willing to take the risk, this also raises the question of how product placement would work in this movie, would the product that is being advertising have to pay in bitcoin or would normal fiat currency. I think that forcing the people who want their product to be advertised to pay for the advertisement using bitcoin would be a good idea but could backfire. Imagine a new kickstarter project with the title "funding a movie with bitcoin", i am pretty sure a lot of people will be interested in watching that.

PS: what would the movie be?

adzino

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It is possible. But before running around and asking for funds to need to show something to the investors like story line and other stuffs. No one is going to invest on empty vessels. They need guarantee and security of their investments. Also make sure your crews are fine with getting paid in bitcoin or ether.

krishnapramod

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Quote from: superskillz on July 09, 2017, 06:46:16 PM

Would it be possible to fund a reasonable budget movie (say $10MM) via BTC or Ether?

What do you think would be required to get enough interested contributors including some whales?

Yeah it is possible to find contributors for a bitcoin centered movie/documentary, Life on Bitcoin documentary was funded through Kickstarter, 247 backers contributed $72,995, awesome concept and executed very well, https://www.kickstarter.com/projects/bitcoinlife/life-on-bitcoin-a-documentary-film

Another Bitcoin movie related project on Indiegogo, a flexible budget of $1.5 million, but failed, raised only $8, the concept sucks,
https://www.indiegogo.com/projects/the-bitcoin-movie

Right now, documentaries are one of the best medium to convey the concept of bitcoin. Bitcoin: The End of Money As We Know It, The Rise and Rise of Bitcoin, Banking on Bitcoin are some of the best bitcoin documentaries. Something on these grounds, but still unique would get some funding from bitcoin enthusiasts.

A $10 million budget sounds like a commercial movie. Even it would be difficult to raise such an amount through crowdfunding platforms for a movie. Investing in movies is risky, some people invest to support artistic freedom or they support the concept of that movie or the obvious reason, to get a good profit on their investment.

Anfisman

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It's a fantastic idea, making movies is something that not everyone can do. But there is the pleasure of ourself when the film we make can be success to make people happy to watch it. The process of making movies is not going to be easy, and most important of all is the financial support, I personally think we can certainly get the funds to make a movie from bitcoin, provided we are really focused and serious in raising funds, but if we feel A little difficult to get the funds, we can work with people who have a lot of money to participate in making movies. We should be able to convince him that the film we make will be successful in the market.

coin-investor

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Quote from: superskillz on July 09, 2017, 06:46:16 PM

Would it be possible to fund a reasonable budget movie (say $10MM) via BTC or Ether?

What do you think would be required to get enough interested contributors including some whales?

Why not if a reputable guy from the hollywood would put up a fund raising, there was an ico thread in the altcoin section that runs an ico to fund Bitcoin movie, but it's a no go for everybody, the guy is a newbie and he do not know how to run a production and he is a nobody in the Hollywood that is why it dies a natural death just like all the other scam ico

tiggytomb

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Can't see why not, bitcoin is money but I would think if you are looking to create a movie you will need a script and various other bits and pieces in place before getting to the funding stage.

There must be a system in place where you can put yourself down on a list or join some kind of funding group where people would approach you for funding?

Doms

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Quote from: shamzblueworld on July 14, 2017, 01:11:16 AM

Quote from: superskillz on July 09, 2017, 06:46:16 PM

Would it be possible to fund a reasonable budget movie (say $10MM) via BTC or Ether?

What do you think would be required to get enough interested contributors including some whales?

It is possible, but a movie usually has more than 100 people working on it from the star actors to support staff and technicians and the directors of course, so I don't see how all of them would be interested in accepting their wages in crypto, so maybe you just install a crypto ATM nearby and give the option of cashing out their coins.
But I'd say better option would be to just cash out the coins yourself and then fund the movie with the money, it will make it a lot simpler.

Or maybe produce an independent film where your resources would be much smaller, hence the need for a smaller number of people working and lesser equipment to be used. The real problem here is not really in funding it but on how to market it. Even if you have a good movie but you can't market it properly to your target audience, chances are the bitcoin used for producing it would rake very small profits in return. But it is always nice to keep dreaming and hoping that these things become a possibility for those aspiring for such.

Lorilikes

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If the crew would be able to accept it and all was disclosed from the start than sure, Bitcoin would be a great way to fund a movie for sure.

shimbark123

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Dude bitcoin and ether can become a country's currency with the exchange or sellijg to those people that wanted a bitcoin. Which means it is possible funding a movie with bitcoin or even ether. You just need to have some exchanger or someone that wants bitcoin for their money.

shamzblueworld

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Quote from: superskillz on July 09, 2017, 06:46:16 PM

Would it be possible to fund a reasonable budget movie (say $10MM) via BTC or Ether?

What do you think would be required to get enough interested contributors including some whales?

It is possible, but a movie usually has more than 100 people working on it from the star actors to support staff and technicians and the directors of course, so I don't see how all of them would be interested in accepting their wages in crypto, so maybe you just install a crypto ATM nearby and give the option of cashing out their coins.
But I'd say better option would be to just cash out the coins yourself and then fund the movie with the money, it will make it a lot simpler.

oegarod

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Funding a movie with bitcoin is possible and all depends upon the knowledge and the acceptance the persons provide who are involved into the movie making. In the past there are few movies where we can see people using bitcoin into stores. Something specific about bitcoin is not described clearly in any of the movies.

kingcolex

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Quote from: lionheart89 on July 13, 2017, 01:50:44 PM

Quote from: superskillz on July 09, 2017, 06:46:16 PM

Would it be possible to fund a reasonable budget movie (say $10MM) via BTC or Ether?

What do you think would be required to get enough interested contributors including some whales?

I think that's possible. The only problem is it takes a long time to explain "what is BTC and ETh" to the parties involved in filming. Not to mention the price of BTC and ETH that fluctuate, so that the funds that have been saved can go down or up. Very risky. Shocked

Pretty sure it would be changed into fiat almost immediately to avoid this issue unless it was for a film about cryptocurrency.

Kemarit

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Quote from: Yakamoto on July 14, 2017, 12:46:30 AM

Quote from: superskillz on July 09, 2017, 06:46:16 PM

Would it be possible to fund a reasonable budget movie (say $10MM) via BTC or Ether?

What do you think would be required to get enough interested contributors including some whales?

Whales want money and or power, I guess it more often than not depends on what they're willing to trade for one or the other. As for getting whales involved in funding a movie with a $10M USD budget, you're looking at mostly anything that would get them money, and a fair amount of it, as a return from funding whatever it would be that's in mind. Given that it's a large sum that would be put forward, there are a lot of guarantees that whales would be seeking, and likely a lot of money back from their investment.

Whales will definitely put money in it if they saw that's is gonna be a win-win situation for them and for the bitcoin economy. They are all about the money and I believed they will see a good returns if they invested in this kind of project.

Quote from: Adbitco on July 13, 2017, 01:53:33 PM

If all the people involved in movie making agree to accept bitcoin as their remuneration and if all the other necessary things required in movie making are made available for bitcoin then it's possible. Actually, I don't think if it would be different from funding a movie with USD or any other fiat currency the only condition is that bitcoin has to be accepted by everyone like actors, actresses, directors, technicians etc.

Yes, it would not be different, they just have to accepted bitcoin as payment. However, another option is just to convert it to fiat if those involved don't want to get bitcoin as salary.

Yakamoto

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Quote from: superskillz on July 09, 2017, 06:46:16 PM

Would it be possible to fund a reasonable budget movie (say $10MM) via BTC or Ether?

What do you think would be required to get enough interested contributors including some whales?

Whales want money and or power, I guess it more often than not depends on what they're willing to trade for one or the other. As for getting whales involved in funding a movie with a $10M USD budget, you're looking at mostly anything that would get them money, and a fair amount of it, as a return from funding whatever it would be that's in mind. Given that it's a large sum that would be put forward, there are a lot of guarantees that whales would be seeking, and likely a lot of money back from their investment.

gabbie2010

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There are two options to solve this problem it is either those involved in the movie, directors ,actor, actresses, are paid with bitcoin while the other option is to change or convert the bitcoin to fiat currency which may be a little cumbersome as regards the huge amount of bitcoin involved. therefore it is very possible to fund a movie with bitcoin.

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