All About MovieBiz Coin: The Token Disrupting the Film Industry
November 18 2021 - 12:39PM
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Before the spread of COVID-19 in 2019, movie sales around the world
raked in over $45 billion. As cinemas shut down across the country
due to the pandemic, in 2020, the US market decreased 65.7% from
$11.4 billion to $3.9 billion. Since the pandemic has eased and
people have adapted to a new normal, the global movie market has
slowly begun to bounce back. With the industry booming again, the
pandemic has changed the way the entertainment industry operates.
Entertainment streaming platforms, such as Netflix, Hulu, and
Amazon Prime Video have become increasingly popular. These
platforms not only offer convenience and a multitude of options to
users but also encourage independent filmmakers to submit their
projects and ideas, giving them a chance at the once monopolized
entertainment industry. As blockchain continues to make its mark on
the financial world, more companies are moving towards
decentralized technology to increase their financial security and
transparency. However, the decentralized solution to the ongoing
problem had yet to be introduced to the filmmaking industry.
Decentralizing the Film Industry Built on blockchain technology,
MovieBiz Coin aims to decentralize the current film industry. The
platform encourages producers, directors, and all players involved
in the movie-making business with more opportunities to grow, raise
capital and establish their projects, therefore giving them an open
door to showcasing their talent while giving investors
opportunities to enter the movie industry. Specifically, using
crowdfunding technology, producers can tokenize their films by
leveraging the MovieBiz Coin platform. The platform is also
disrupting other parts of the film space, with its independent
movie booking service called BookingCandy. BookingCandy allows
users to book tickets at local cinemas through their smartphones
using blockchain technology. With the smart contract capability,
retailers are ensured that their tickets are encrypted and can only
be sold at face value, preventing ticket scalping. MovieBiz Coin
was created to support independent filmmakers, allowing them to
create and showcase content, raise funds, and reach a trusted
global community of film enthusiasts. Through their native $MBZ
token, MovieBiz Coin aims to use its technology to invest in films
and artists worldwide. The advantages of having a decentralized
platform allow MovieBiz Coin to confidently move headfirst into
large and diverse markets, attracting film-making advocates all
around the globe. MovieBiz Coin is a revolutionary step forward for
the film industry, inspiring unconventional movie talents to access
a slew of projects that, thanks to blockchain technology, are sure
to enrich people’s lives with content that captivates and
entertains. “Most people don’t have the opportunity to invest in
the movie industry and the main investors [are] people from the
movie world. We [want to] change the way the movie industry works
while making it possible for anyone to invest and make profits by
investing in movies,” the company has stated on its website.
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