blockchain application

4 Ways Blockchain Technology Will Affect The Movie Industry

Have you heard of the bitcoins? This digital currency has been around for many years now and its value has increased considerably. Many people are finding bitcoin very useful. The technology behind bitcoin is the blockchain technology. Though this technology was primarily invented for financial transactions, now it seems to be useful for other reasons as well. The blockchain is a decentralized scalable database that anyone can access online.

An infinite number of transaction records are available in a cryptographic form that people can access without the control of any third party. Like other industries, the movie industry will also be transformed because of the blockchain technology. Independent producers, the big filmmakers, and the distributors will all benefit from this new technology.  

How Blockchain Techcnology Will Affect The Movie Industry

Funding

Getting fund for a film has never been easier. Anyone can fund a movie, including the fans, using cryptocurrencies and smart contracts. So, small and independent producers no longer have to work hard to get their fund for the movie. Once you have the script, artists, and technicians ready, you can record on the blockchain and ask for funding. Anyone from around the world can contribute to the funding of the movie and get paid their share of investment within minutes after the release of the movie. Digital assetst like cryptocurrencies, designed as a medium of exchange valued as money make the change possible for independent films. Investing in these big mining ICO offerings by companies are a good way to get ahead of the game, with each holding their pros and cons. For example, companies like USI- tech already hold a strength in experience and knowledge in FOREX trading but their cryptocurrency trading technology USI offers is weak.

Distribution

The movie industry has seen a lot of changes in the past years. Now a movie is released internationally, not in just one country. A network of distributors works together so that a movie can be released simultaneously in more than one country. International partners, local distributors and online channels like Netflix work together for a movie’s release. This complicated scenario can be simplified using the blockchain technology.

For example, a smart contract can set up the terms and conditions between distributors and producers in minutes. Once the contract is recorded in the blockchain, actions will be triggered automatically according to the contract. For example, if a distributor is supposed to receive 5% of the revenue then after a film is released the records in the blockchain will be updated and the distributor will get his share of the revenue automatically within minutes.

Copyright

Copyright issues are common in the movie industry. When you think of creating a movie, you need a script, an artist, technology, etc. The scriptwriter can come up with an original piece of work or adapt the story from a book or someone else’s idea. Registering for a copyright is expensive and copyright infringement can get you penalized. If you are an independent producer and you are charged with copyright infringement then you may find it extremely difficult to pay the penalty.

It is also difficult to track a piece of original work. Blockchain technology can be very helpful in this case. For example, if you have written a story, you can record it in the blockchain. The record can be tracked forever. So, if someone else writes a story and records it in the blockchain, any material that is copied will be identified by the blockchain and reported. Original artists will get their shares of royalties. So, you can get rid of both high fees of copyright registration and copyright infringement penalties with the help of the blockchain technology.

Piracy

As things are digitized now and movies are meant for a global audience, piracy has increased. Piracy can result in millions of dollars of losses in revenues for the movie industry. It can be difficult to track down distributors who are involved in piracy. With the help of the blockchain technology, you can easily find out who is involved in piracy and take actions against them. Film content can be encoded on the blockchain using cryptographic transaction. Any access to the content can only be done by transactions on the blockchain.

The blockchain technology allows transparency. There are many companies now that are using the blockchain technology. For example, the Australian blockchain start-up Veredictum registers scripts on the blockchain. They are using smart contracts also for making deals. This technology will remove all the controlling power of the intermediaries and large players in the movie industry. It will give small players the chance to showcase their talent and earn a profit. 21 Million Project is another startup that sources talent, crew, and locations from anywhere in the world.

With the blockchain technology, everyone involved with movie making will know where the production money and the earning after the release of the movie is going to. Everyone will get the right share of their contribution in making a movie. So, no one will be cheated and they will get whatever they are entitled to. The artists will now be in charge, there won’t be any intermediaries exploiting their talents. The movie industry has a very bright future with the blockchain technology.…

Top 3 movie production companies of all time

Without movies, our life would be less entertaining. Movies are the ultimate source of enjoyment

as people get to feel all kinds of emotions without going anywhere. Movies make us cry and

laugh. Production companies fund the making of movies. They provide the workforce and

resources necessary to make the movie. Following are the top three movie production companies

of all time.

Time Warner (Owner of Warner Bros. Pictures)

It is an Americal multinational media corporation that owns Warner Bros. It was formed more

than 100 years ago and has made lots of good movies that transformed the movie industry. It’s

biggest movies include Harry Potter, Batman, The Matrix, etc.

Sony (Owner of Sony Pictures Entertainment)

It is a movie and television production and distribution in America. Its major subsidiary is

Columbia Pictures. This production house is friendly to independent producers. It’s distribution

subsidiary Screen Gems supports Genre B or mid-priced movie producers with a production

budget of $20 million to $50 million. Sony has a huge studio. It’s best movies include Spider-

Man, Resident Evil, Men in Black, Skyfall, etc.

The Walt Disney Company (Owner of The Walt Disney Studios)

This production company has produced great movies for many years and has impacted the lives

of younger audiences. This production house makes animated feature films. It’s greatest hits

include Snow White and the Seven Dwarfs, Frozen, Peter Pan, Pirates of the Caribbean, The

Lion King, The Chronicle of Narnia, etc.

These production houses have taken cinema to a new level. The movies they produce are very

entertaining and are successful at the box office. These production houses are an inspiration to

the new ones.…

Top 5 most expensive movies ever made

Moving making is very expensive. There are a huge amount of costs involved in paying for sets,

props, equipment, special effects, payments for actors, designers, technicians, and more. There

are extra costs involved even after the movie is made, which includes the cost of editing and

marketing. The budget for movies has increased in recent years. Here is a list of the most

expensive movies ever made.

1. Pirates of the Caribbean: On Stranger Tides (2011)

Cost: $410.6 million ($378.5 million after tax rebate)

It is the fourth instalment of the Pirates of the Caribbean series. It stars actors like Johnny Depp

and Penelope Cruz. The movie was shot in the UK and Hawaii. It used similar 3D film

technology like that of James Cameron’s Avatar. It featured around 1,200 computer generated

sequences. It made $1.046 billion at the box office.

2. Avengers: Age of Ultron (2015)

Cost: $330.6 million ($279.9 million after tax rebate)

This film is the sequel to the Avengers movie starring Robert Downey Jr. as Iron Man, Chris

Evans as Captain America, and Scarlett Johansson as Black Widow. The movie was shot in

England most o f the time. There were on-site filming ins Bangladesh, New York City, Italy and

South Korea. The cost of post-production was very high. The movie made $1.403 billion at the

box office.

3. John Carter (2012)

Cost: $306.6 million ($263.7 million after tax rebate)

It is a seminal sci-fi classic that was set on Mars. The film couldn’t make much at the box office.

The reason for its high cost was the longer period of filming, and many scenes were reshot. Also,

more that 2,000 visual effects were added in the post-production phase. The movie was shot in

the US and the UK.

4. Tangled (2010)

Cost: ~$260 million

It is a Disney musical comedy that uses 3D animation. The story is based on a story by the

Brothers Grimm. It is the most expensive animated film made till today. The cost was high

mainly because the movie was in production for six years. During this time, the production team

formed code to show how Rapunzel’s hair should move normally and in water. It made $591.8

million at the box office. It was nominated for an Oscar and two Golden Globes awards. It won a

Grammy for the song ‘I See the Light’.

5. Spider-Man 3 (2007)

Cost: $258 million

This movie was filmed in Los Angeles, Cleveland and New York City. In this movie, Spider-

Man has to fight three enemies: Sandman, Venom and Harry Osborn. The movie grossed $890.9

million at the box office. It is the most successful of the three series of Spider-Man financially.

There is a rumour that the Avengers: Infinity Wars, Part 1 and 2 will have $1 billion budget. If

this is the case, then these two will be the most expensive movies ever made.…

5 technologies that have changed the future of movie industry

Movies today are about high quality visual and sensorial experiences. Technology has changed

the entire landscape of movie making. Here are the top technologies that had the greatest impact

on the movie industry.

IMAX with lasers

You can now see better and brighter IMAX movies. Lasers can produce deeper black

colours.You get better image and colour quality throughout the movie. The laser projection

system removes the eye-straining feature of 3D movies. Lasers also burn less than bulbs so that

the movie theatres will be saving a lot of money.

Watching movies on phone or tablet

There is rumor that the new iPad has higher resolution screen than an HD TV. You can now

watch a high quality movie on your iPad when you travel. Films are now distributed on YouTube

and Hulu, so more people are watching movies on their phone and tablet. Some directors even

shoot movies on their phone. In 2011, Hooman Khalili shot his feature-length film Olive entirely

with a Nokia smartphone.

Projecting movies from your Phone

You can now see movies on any surface including your ceilings, and walls from your phone. All

you need to use is a pocket-sized pico projector.

3D without glasses

Many people find it very annoying to put on the glasses when watching a 3D movie. The new

‘lenticular lens technology’ will allow you to see 3D movies without glasses. Another

technology is the ‘parallax barrier’ which is a very fine grating that is placed in front of the LCD

screen.

Realistic audio experiences

With Dolby’s new Atmos sound system, you will be able to hear the sound of a killer’s footsteps

so clearly as if the killer is coming towards you. By adding speaker feeds all around sound can

be produced from more directions.

These technologies have taken movies to a new level. Movies are now more amazing to watch

and easier to access as well. You can now get theater-like experience at your home.…