Funding a movie with Bitcoin possible?

[superskillz]

Would it be possible to fund a reasonable budget movie (say $10MM) via BTC or Ether?

What do you think would be required to get enough interested contributors including some whales?

[mrcash02]

How much is $10MM? $10.000.000?

I was thinking about it another day, to fund movie budget with Crypto-Currency, I would like to try it someday, but first I need to have some important equipments to minimize the total costs.

It's totally possible, you can ask for investors and share with them later a comission from what you earned with the movie sales. I believe the correct section to post a project like this is Securities section. Explain all the details and hope to have people interested on it.

$10.000.000 is too much, better to start with a lower budget, minimize the costs maximum as possible.

[Qartersa]

Would it be possible to fund a reasonable budget movie (say $10MM) via BTC or Ether?

What do you think would be required to get enough interested contributors including some whales?

What's MM? Millions x Millions?

This is really a unique idea and something people could probably explore. But I think the best thing to do is just to get a crowd funding kind of thing, something like kickstarter only that it is bitcoin powered. Then fund some movie to be made. The problem though is that it can't really be made a secret as there would be a lot of people that would see the script or the story line.

[cafucafucafu]

Would it be possible to fund a reasonable budget movie (say $10MM) via BTC or Ether?

What do you think would be required to get enough interested contributors including some whales?

I think that could be totally possible, especially considering the recent events that happened to Japan, and how much bitcoin is thriving nowadays. Your idea could certianlty bring some media attention to bitcoin and help make it mainstream. But I feel it won't happen since bitcoin hasn't become that much popular nowdays, and I feel the rapid price changes could really ruin the funding for a movie. What I suggest, is something called product placement, which you place "Bitcoin accepted here" signs at most of the stores that are shown in the movie, which promotes it. 

You should read this, it talks about funding a movie with bitcoin : https://coinidol.com/first-featured-movie-funded-by-bitcoin-and-ethereum/

[sotoshihero]

I think its a possible project. Crowd sourcing and crowd funding using cryptocurrency. While it is being crownfunded it also a good way to make the movie known as an advertisement / PR for the movie. Also, contributor must be updated with the development of the movie by having some trailer.

[superskillz]

Would it be possible to fund a reasonable budget movie (say $10MM) via BTC or Ether?

What do you think would be required to get enough interested contributors including some whales?

What's MM? Millions x Millions?

This is really a unique idea and something people could probably explore. But I think the best thing to do is just to get a crowd funding kind of thing, something like kickstarter only that it is bitcoin powered. Then fund some movie to be made. The problem though is that it can't really be made a secret as there would be a lot of people that would see the script or the story line.

Yes $10 million -- sorry to confuse. It could probably be $2 million for the right movie script.

[franky1]

before thinking about budget / funding.. any decent movie team starts with the basics.. which is a script/story line

most producers make a 'short', which is kind of like a trailer. or a storyboard, which is like a comic strip and they distribute it out to the major movie VC's who then fund the full production.

so before thinking about being a middle man money manager (sounds scammy) atleast think about the movie first. money last
EG actors, story, plot, script, locations,

you cant just shout out you need $Xm without even knowing the basic logistics like costs
you cant just shout out the basic logistics like costs without knowing who is going to star/direct to know their salary
you cant just shout out who is going to star/direct to know their salary without them seeing a script/plot to think its good
you cant just shout out a script/plot to think its good without writing it and knowing of locations and time needed to film

so start at the basics and dont try being a money grabber of empty 'vapor' projects

[Kakmakr]

Why not fund a movie from the proceeds of one of the biggest Ponzi schemes we will ever see. Let's call it "Ethereum - Now You See Me 3" The Plot is simple : A group of people, let's call them Foundation members, creates a Crypto currency and they fool some of the biggest organizations, for example : Microsoft to support this coin. They play a "Cat & Mouse" game to fool the SEC, but in the end the SEC win and they get caught.

Millions of people invest in this coin and they lose all their investments within a day or two, when this Ponzi Scheme gets exposed by the SEC. ^NO happy ending^

[roadbits]

I think its a possible project. Crowd sourcing and crowd funding using cryptocurrency. While it is being crownfunded it also a good way to make the movie known as an advertisement / PR for the movie. Also, contributor must be updated with the development of the movie by having some trailer.

Crowd sourcing and crowd funding using cryptocurrency are possible. Now already started crowd funding films and they succeed in this new methods. But no one will fund you if you not a famous person in the industry. And before that, you must prove that you are a good and promising director in with your skill set and your short movies. This needs huge groundwork and a lot of time to start this kind of projects. 

[Juggy777]

Would it be possible to fund a reasonable budget movie (say $10MM) via BTC or Ether?

What do you think would be required to get enough interested contributors including some whales?

Well you can do it, I don't see any reason why you cannot do it, but then again the country where you submit your filing has to approve it, and again where you shoot it should accept that you pay In bitcoins otherwise you shall face lots of legal complications. By the way you meant 10 millions right? I hope it's not 10$ shoot lol, those small time video one or two minutes one. In that case just shoot it.

[GuppyMan]

I think that now with the help of bitcoins you can finance any project. For the film you need to have the necessary equipment and an interesting story. I think it's a good idea to look at this forum who want to take part in the film because everyone here is interested in crypto currency.

[Sniper150]

Yes, It could be possible if they are agreed upon in that project. It would help to know much better this type of currency. But what type of movie will be funding with bitcoin? Is it an advertisement? I suggest funding an advertisement movie to become more popular. People will have an interest in bitcoin if they understand the process of it. I'm gonna share this movie in social media and sharing it with my FB friends so that they watch and understand it. It is one way to indroduced bitcoin.

[Xester]

Yes of course it is really possible.  As long as everyone agreed on how the payment will be made.  Make sure that everyone understands bitcoin and willing to have the payment in bitcoins.  For sure some will be amazed on what bitcoin can do.  If someone on the production do not understand bitcoin, then maybe they should have a training first or sometime to explain the bitcoin to the whole production team of the movie.

[mk4]

Would it be possible to fund a reasonable budget movie (say $10MM) via BTC or Ether?

What do you think would be required to get enough interested contributors including some whales?

Ofcourse it's possible. It only depends on the director/funds manager or whatever you call the person who manages the funds/finances. But most likely not soon, since crypto is still very volatile. They wouldn't want to risk their funds crashing.

[CryptonomyCapital]

Yes it's possible, you can receive investments in bitcoins or start an ICO by Etherium.

[mrcash02]

Of course it's money after all, this makes no sense to me, you would most likely need to exchange it for first though.


For those confused mm is how you say million.

It makes sense because where some people live there aren't houses where they can borrow money. Banks lend money, but maybe the interest they pay to Bitcoin lenders can be more worthful as here the deals are "malleable". You can promise future shares from the movie's income, as you can sell the movies in DVD (some people would buy it as they don't access internet), maybe a movies session with paid ticket, and internet monetization.

before thinking about budget / funding.. any decent movie team starts with the basics.. which is a script/story line

most producers make a 'short', which is kind of like a trailer. or a storyboard, which is like a comic strip and they distribute it out to the major movie VC's who then fund the full production.

so before thinking about being a middle man money manager (sounds scammy) atleast think about the movie first. money last
EG actors, story, plot, script, locations,

you cant just shout out you need $Xm without even knowing the basic logistics like costs
you cant just shout out the basic logistics like costs without knowing who is going to star/direct to know their salary
you cant just shout out who is going to star/direct to know their salary without them seeing a script/plot to think its good
you cant just shout out a script/plot to think its good without writing it and knowing of locations and time needed to film

so start at the basics and dont try being a money grabber of empty 'vapor' projects

Yes, that is very important. Everything must be very well calculated and some previous jobs (portfolio), sinopse of currently movie should be exposed to possible investors.

Movies industry is very expensive, even for home made ones. I believe the most expensive part is to pay actors, especially if you need many movie extras.

[Hannu]

Yes i think its possible, do you have installations ready (Cameras, personell, place to film, actors) Ten million dollars is big money. Try kickstarter etc.

[erep]

I think it is a possible idea but the only problem may be is actors and technicians may not be interested in accepting Bitcoins or other altcoins. So we have to convert them first to fiat. If they accept it then it is a great news because you will save allot in taxes. But it is quite complicated right now I guess.

[bitbunnny]

Why not, this is duable. Usualy crowdfunding campaigns are very convenient for such funds raising but since there are not popular with Bitcoins you can try some other ways. Present your project to the community and relevant individuals and if you have something quality to offer there should be no problems.

[Absentis]

Of course it's money after all, this makes no sense to me, you would most likely need to exchange it for first though.


For those confused mm is how you say million.

It makes sense because where some people live there aren't houses where they can borrow money. Banks lend money, but maybe the interest they pay to Bitcoin lenders can be more worthful as here the deals are "malleable". You can promise future shares from the movie's income, as you can sell the movies in DVD (some people would buy it as they don't access internet), maybe a movies session with paid ticket, and internet monetization.

before thinking about budget / funding.. any decent movie team starts with the basics.. which is a script/story line

most producers make a 'short', which is kind of like a trailer. or a storyboard, which is like a comic strip and they distribute it out to the major movie VC's who then fund the full production.

so before thinking about being a middle man money manager (sounds scammy) atleast think about the movie first. money last
EG actors, story, plot, script, locations,

you cant just shout out you need $Xm without even knowing the basic logistics like costs
you cant just shout out the basic logistics like costs without knowing who is going to star/direct to know their salary
you cant just shout out who is going to star/direct to know their salary without them seeing a script/plot to think its good
you cant just shout out a script/plot to think its good without writing it and knowing of locations and time needed to film

so start at the basics and dont try being a money grabber of empty 'vapor' projects

Yes, that is very important. Everything must be very well calculated and some previous jobs (portfolio), sinopse of currently movie should be exposed to possible investors.

Movies industry is very expensive, even for home made ones. I believe the most expensive part is to pay actors, especially if you need many movie extras.

In funding a movie through bitcoin all you need to do is proper education of bitcoin to all of the staffs and crews of the movie production. With that certain idea you can easily divert the possibility of bitcoin adoption to those people who worked for the movie funding. If the people involved with the movie making will be able to achieve good results of the project, they will attain faster salary issuance and transactions will be faster. We will now have a modern and digital way of spending funds for the movie production as well as the latest mode of spending.