The Movieschain strives to be a global platform for a decentralized movie system built above the blockchain. This will revolutionize the film industry by integrating openness, which means a complete decentralized ecosystem. Take advantage of new technology, a blockchain, to revolutionize the film industry.
MoviesChain by TVzavr is the world's first blockchain-based, safe and defective platform that directly combines movie inspectors and independent filmmaking.
The distribution of TVzavr's film festivals in the distribution of independent filmmakers is accelerating and conveying a worldwide independent film system that offers unmatched efficiency, transparency and global scalability.
The film industry has three major problems;
USEFUL PRODUCERS OF COMPETE FOR REVENUE
- About 50% of the turnover goes to the broker
- Funding is low
- Loss of copyright infringement and piracy
VALUES CONTAINING EXHIBITORS
- The market is dominated by Netflix, Amazon, Hulu and others
- No access to original content outside the main shuttle market
Rapid growth for the online film industry
Currently, the global box office growth rate is gradually slowing down. The Motion Picture Association of America (MPAA) revealed that over the past five years, the global box office revenue volume grew at an average rate of only 1.5% per year, with 60-70% coming from international distribution.
The decline in film revenue can be explained by several factors, such as increased economic problems in certain areas, informatization of the community through wider Internet use, mobile device sales growth, and global spread of Internet piracy, as well as changes in media consumption habits due to shifting generations in developed countries and growing.
According to IHS Markit, about 164,000 cinemas are screened in the world, up 8% from 2015. Over 90% of these theaters are digital. Leader in terms of growth in the number of theatrical screens in the Asia-Pacific region, which has increased by 18% since 2015.
As the audience declines in traditional cinema, the Bureau of Economic Analysis shows that the online video entertainment industry is one of the leaders of economic growth.
PricewaterhouseCoopers (PwC) estimates that, by 2018, the global revenue of the filming market will exceed $ 110 billion. The Motion Picture Association of America (MPAA) reports that six major film studios (Warner Bros., Disney, Universal, 20th Century Fox, Sony / Columbia and Paramount Pictures) accounted for 80% of the total revenue of the US film industry. In contrast, the market share of the US film industry held by independent filmmakers in 2016 is 20%.
About MoviesChain by TVZAVR