[2015-05-01] CD: Hollywood Studio Lionsgate Films in Talks to Accept Bitcoin

[chmod755]

Hollywood Studio Lionsgate Films in Talks to Accept Bitcoin

http://www.coindesk.com/hollywood-studio-lionsgate-films-in-talks-to-accept-bitcoin/

I normally don't post CD articles in here, but I found this one quite interesting. What exactly are they doing with Bitcoin? Can you buy their movies for BTC or something?

[unamis76]

Not sure what they want either, but it's always good one big companies start accepting Bitcoin, I guess..

[jdebunt]

That's what you get if people write things up without trying to get more information, a half-assed story.

Then again, maybe even Lionsgate themselves don't know how they will use it yet....

[chmod755]

I just noticed that it mentions an online store, probably this one: https://www.lionsgateshop.com – looks like you can order their movies on BluRay there.

[Kaneki]

sound like good innovation,but in my opinion should not only for the film but also to  live stream sporting events such as soccer, basketball, boxing, etc.

[1Referee]

This shows that there is a wide variety of industries with a certain interest in offering Bitcoin as payment option. Great news.

[Chef Ramsay]

This doesn't do much for me at this point as we're already use to certain places coming on board to accept bitcoin. I won't give a crap unless each one accepting it gives a discount because of the benefits it offers as a payment option. Yet, having bigger outfits like major chain stores and big corporations accepting it is a boost because it drives much news about bitcoin. I'm not spending my coinage for garbage especially if they don't hook me up for it.

[gogxmagog]

The thing is, they deal in digital property...movies. The blockchain has untapped potential for offering proof of ownership for digital goods. I have been waiting for progress in this area. Also, it could represent billions in transactions.

[btcbug]

I wonder if this has anything to do with the fact that Frank Giustra, the founder of Lionsgate, is also a mining industry billionaire? I believe he's fairly libertarian and an advocate for returning to a gold based monetary system.

https://en.wikipedia.org/wiki/Frank_Giustra