Photo - blockchain ecosystem for investing in film industry
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blockchain ecosystem for investing in film industry

Russia, Moscow city
Market: Culture, art, Entertainment, Blockchain, Crypto currency
Stage of the project: Idea or something is already done

Date of last change: 23.02.2020
Min investment
$  10.000
Show contacts
Total required
$ 200.000
Rating
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Idea

Weplay ecosystem is created for the international film industry and helps producers find investments to create their films and then further distribute film rights; it is a place where investors shall monitor the development of the project fr om writing of a script to film release with the ability to control producer's moneyflow, wh ere specialists can find customers and contractors and the processes of financial relationships between the parties are fully automated.

Current Status

MVP creation

Market

international film industry $53.4Bn in 2022 year
international entertainment industry $2.4T in 2022 year
SOM $4B
SAM $50B
TAM $180B
Estimated market coverage in 5-7 years

Problem or Opportunity

For the investor - a big risk of not returning the investment, since there is no control over the actions of the producer and distributor.
For film companies - "expensive" investments, violation of deadlines, high costs of currency conversion.

Solution (product or service)

Make affordable and transparent funding for creating films and media content anywhere in the world. Rid film companies from paperwork.Provide additional protection from scammers.To simplify the entry of young film companies into international markets.

Competitors

FFI, Nutopia, Motion protocol, Bigcouch/Filmchain, Slate/Binge and 30+ other

Advantages or differentiators

advantages:
Brand Creation and Reputation
Access to international investment
Remote purchase / sale of rights to use films in any territories
Hiring contractors across the globe
Creation of online events, tracking projects
Extra scam protection

Finance

5% - commission for starting the fundraising process
7% - commission on project profit
2%-20% - commissions on Weplay actions
Advertising on Weplay
4 year net profit $18M+ (pessimistic scenario)

Business model

Commission for starting the fundraising process, commission on project profit;
Commission for withdrawing money from the platform, for activating disputes and other actions;
Advertising on Weplay.

Money will be spent on

make MVP, marketing

Offer for investor

4% -> $100,000
We are ready to consider alternative options for mutually beneficial relations

Risks

1. Human factor
2. Errors in software code
3. Hacker attacks and hacking attempts
4. Disputes
5. Legal and tax risks

Website address

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Website address