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RE: Possible blockhain solutions for the Movie/TV/web video industry
We are aware of the potential legal roadblocks using a token ICO. However, let's leave that discussion for another time. So, here's a question for you which skirts that issue. Do you think it's possible to produce a feature film through steemit rewards alone, using behind the scenes video from the film pre-production through to release to create the capital - think reality T.V. Let's say it's a low horizon intimate film of $500K. I realize the film itself may need to be underwritten at the outset with seed capital but those monies to be returned once the reward funding gets underway?
I don't think it'll be possible going forward. It was very feasible in July or August of last year, but not anymore. The price has to rise significantly, and when that happens there'll be intense competition for votes. Especially now that we have linear rewards, it's hard to see any single content creator cash out more than a few thousands per post.
However, what could be possible is a shoestring budget web-series. You can make 2 or 3 posts per episode, including behind the scenes, making-of, trailer, etc. So, for a 12 episode season of 10-20 minutes per episode each, you could make a good 30 posts or so. Given the novelty, that should attract a lot of attention and could potentially earn a few thousands a post, especially if the price goes up. If all goes well, that could be $50k - $100k for a web series, which is doable. So, that might just work out!
As for a feature film, I have my doubts.
That's interesting. I don't disagree. Our initial tack was to launch a token - ethereum. But we backed off because we wanted to stay within the Steemit ecosystem for the time being. In Ned's talk a month ago he mentioned a Steemit community token. No idea what the possibilities are that we will see that by year end - doubtful . So it's my sense now - after H19 an ICO is inevitable. Until then we will build the profile of SteemFilm and the screenplay, 'Better Left Unsaid' on Steemit prepping for an eventual token.
Your series comments are in line with my thoughts. I'm working an a pilot right now. It started out as a feature but the story lends itself well as a series. It's the third project I have lined up. The second is a feature, 'I Wanna Be a Pip!'. Given this conversation, I'm going to reconsider the order.