How LiveTree ADEPT Is Harnessing The Power Of Blockchain To Revolutionise The Global Film And TV Industry




How LiveTree ADEPT Is Harnessing The Power Of Blockchain To Revolutionise The Global Film And TV Industry

Crowdfunding: the practice of investment a venture or undertaking through raising money from a massive wide variety of humans generally through the Internet. While crowdfunding has been around for quite a while now, it commenced gaining traction as an opportunity lending method, put up the financial crisis of 2007-08.

As in line with a document posted on Technavio, the global crowdfunding industry is poised to touch extra than $110 Bn by using 2021, expanding at a compound growth price of 17%. Today, crowdfunding is commonly used to fund artistic and innovative ventures like films and TV projects, amongst others.

In India, domestic to the sector’s largest movie enterprise in phrases of the number of film produced according to 12 months, a growing magnificence of independent filmmakers are turning to crowdfunding as a viable manner to at ease capital. While Shyam Benegal’s Manthan raised $3,087.Five (INR 2 lakh) from farmers back in 1976, greater currently, movies like I AM (2010), Srinivas Sunderrajan’s Greater Elephant (2012) and Abhay Kumar’s Placebo (2015) might no longer have visible the light of day, had it no longer been for crowdfunding.

This became essentially the model that LiveTree become conceived on: a crowdfunding platform for the movie and leisure enterprise. However, due to the fact its launch in 2016, it has transfigured into the world’s first blockchain-based totally funding and distribution platform for film and content material creators.

Realising the inefficiencies and demanding situations that keep to beset the distribution process to this date, LiveTree has in view that created its own Netflix-fashion on-line channel for content creators, Blossom TV, all the use of blockchain as the pièce de résistance!

Here’s an interior scoop of LiveTree’s amazing journey during the last  years.

How Livetree Was Started: Journey From 2016 To Present

Headquartered in London, LiveTree is a movie, TV and content material business enterprise that was commenced in January 2016 by serial entrepreneur and former HSBC Business Specialist Ashley Turing, along side Dr. Jamie Ward. In the 2 years since then, it claims to have captured over 5% market percentage of the UK’s amusement crowdfunding area.

Over the previous few years, LiveTree has attracted a number of excessive-profile partners, which includes the British Film Institute’s Future Labs, Film London and Red Rock Entertainment, amongst others. Furthermore, as claimed by way of co-founder and CEO Ashley Turing, the employer presently boasts a database of 14,000+ from the leisure enterprise globally.  

Having funded over 150 film and TV tasks to date, Turing realised that only some of the tasks had been virtually making it to cinema and TV monitors. These days, getting films, TV and content material directly to the screen is quite hard, believes Turing.

According to him, distribution is often restricted by way of complex contractual negotiations, insider connections or executives preferring cookie-cutter content material to innovative, inventive works as a manner of advancing their private wealth.

To make the distribution manner greater green and less difficult for content creators, LiveTree has developed an revolutionary solution known as ADEPT.

LiveTree ADEPT: Leveraging Blockchain To Disrupt The Entertainment Industry

blockchain

Touted as the world’s first blockchain-based funding and distribution platform dedicated to the movie and amusement enterprise, ADEPT (Advanced Decentralised Entertainment Platform for Transparent Distribution) changed into launched by way of LiveTree to empower content creators, at the same time as additionally assisting their respective viewing audiences.

The contemporary manner of distribution, Turing averred, is really restricting. “Trying to navigate complicated deal terms such as license territories, license type and license period on paper or through email may be complex specially while numerous shoppers and dealers are worried. This effects in impartial studios or productions being not noted. To worsen the hassle, the prices worried are up to 35%,” he in addition defined.

To counter these troubles, LiveTree is using blockchain era to manage and license the rights for film and TV content material successfully, thru the ADEPT platform.

Essentially, on the investment aspect, the new platform enables backers of a selected to accrue earnings from their investments, once the TV/movie hits the field office.

Additionally with regard to the distribution conundrum, the ADEPT platform guarantees to ease the load of sales sellers through making new content material available at a extensively lower price. It additionally paved the manner for transparent revenue returns from on-line channels.

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If the content author can not get his/her authentic content to reach the viewers thru traditional TV channels, he/she will be able to prefer to get the content material published on LiveTree’s Blossom TV.

How LiveTree Is Making Funding More Accessible To Content Creators

One of the key benefits of the ADEPT platform is the convenience of raising capital through crowdfunding. Unlike most crowdfunding models, LiveTree functions on the idea of a  “refer-a-buddy” model, which Ashley Turing claims significantly reduces advertising overheads, expanded investment fulfillment and in the end, builds an target market across the mission.

Apart from the reward-primarily based crowdfunding, venture creators also can use LiveTree ADEPT to comfortable investment from backers, in change for the distribution sale of all or a part of their intellectual property (IP). Creators can also enhance funding in opposition to a share in their content material’s future cost.

At present, LiveTree ADEPT prices creators a processing fee of most effective 2.Five%, which in step with the business enterprise’s CEO is extensively lower than 5%-20% investment prices levied with the aid of other crowdfunding platforms.

Turing similarly said, “This model allows for a more democratic funding processing, permitting ‘normal’ humans to spend money on and make the most of content alongside the enterprise’s traditional backers and gatekeepers — studios, broadcasters and excessive internet-well worth individuals. It additionally facilitates to put off censorship and the ‘cookie-cutter’ approach to content material advent, whereby handiest projects that are judged to have mainstream attraction are likely to find funding.”

Rewriting The Rules Of Content Distribution

Blossom TV

By harnessing the strength of the community effect, LiveTree ADEPT is likewise striving to decentralise distribution and skip the primary company distribution channels. At present, the platform gives three direct routes to market: Blossom TV, conventional broadcast and on line streaming/aggregation.

Blossom TV is a new on line-allotted channel operated via LiveTree ADEPT. The Netflix-fashion subscription carrier serves as a show off for brand new product, with clients invited to pre-pay, or pre-fund content material before it's far made.

The traditional broadcaster model specializes in legacy broadcasters and rising VOD structures, that are continuously seeking sparkling and authentic content material. LiveTree ADEPT’s open-score system offers distributors and purchasers short get admission to to new content, at the same time as performing as manual to help gauge call for for particular genres.

The streaming/aggregation model, alternatively, uses the energy and attain of YouTube, Vimeo and different on-line channels to attain a wider institution of consumers. This method, in keeping with Ashley Turing, is first-class applicable to first-time content material-makers trying to benefit publicity and construct popularity for their projects.

Among the projects that are presently using LiveTree are The Buy In, a TV game display and an unique series referred to as Decentralized. Touted as the arena’s first TV crypto-opposition, The Buy In permits visitors, via the usage of tokens, to have a stake in what they're watching. It may be to begin with shown on-line through Blossom TV.

LiveTree ADEPT additionally announced a partnership with independent filmmaker Christopher Arcella and tech co-manufacturer Erik Vesterlund on a brand new film and planned collection, Decentralized. The pilot could be available on Blossom TV.

How Blockchain Is Woven Into The LiveTree System

“It is increasingly more clear that the blockchain, with its potential simplify distribution, control creative rights and deal with piracy, is disrupting the traditional film and content material industries,” stated Turing at the potential of blockchain.

Blockchain, for the uninitiated, is a Distributed Ledger Technology (DLT) that lets in all contributors to report transactions in a decentralised statistics log maintained on a network of computers, in place of a bodily ledger or a single database. Transactions are accredited through consensus, and everything is secured through cryptography.

While blockchain era was originally used to create cryptocurrencies such Bitcoin, it's far increasing being used in different fields including charge services, agriculture, monetary exchanges, infrastructure and education.

For LiveTree, the integration of blockchain has helped deliver transparency to the crowdfunding process, by means of permitting backers of initiatives to peer returns that till now had been completely managed by means of the creators.

To that stop, the enterprise also introduced a Seed token (SED) sale, that is scheduled to end in 19 days. A total of 1.1 Mn Seed tokens had been sold inside the pre-sale, delivered Turing.

Editor’s Note

As consistent with estimates, the worldwide digital content market is anticipated to touch $549 Bn by means of 2019, expanding at a CAGR of thirteen.73%. Riding this growth is the online distribution marketplace for film and TV content material, that's presently expected at $700 Mn.

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The giants on this space encompass Netflix and Amazon Prime, each of which provide customers access to unique content on the idea of subscription. In India, on-line video streaming has witnessed rapid boom because of the rollout of 4G Internet services with the aid of the top telecom vendors, in particular Reliance Jio.

According to a report via Media Partners Asia (MPA), the Indian online video marketplace is poised to growth from $340 Mn in 2017 to $1.6 Bn by using 2020, growing at a compound boom fee of 35%. One of the biggest motives in the back of this increase has been increased digital penetration and adoption of smartphones and the Internet.

Although these structures are assisting streamline the distribution technique by way of making it simpler for creators to get their content material across to the viewers, they frequently price exorbitant fees, which may be crippling for first-time content makers.

By leveraging blockchain generation, LiveTree brings transparency to the whole system of raising funding, whilst additionally streamline distribution. As the simplest platform providing blockchain-based funding and distribution services on this section, LiveTree ADEPT, consequently, is strongly located to capture a full-size market proportion in the burgeoning movie and TV enterprise.



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