DeFi will bring a new golden age for the film industry
There are opportunities to be leveraged in bringing DeFi to the film industry, making the investing process easier and more transparent. With an explosion of video streaming as a result of the COVID-19 pandemic and now around $40 billion locked into decentralized finance protocols, it’s time for decentralized finance and the film industry to meet.Film financing is a cumbersome and inefficient system. Investors are the first to put their money in but last to see any return. There is no transparency into how funds are being used during production or how profits are allocated after....
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Our London correspondent Nick Ayton investigates the music, television and film industry where the "fat cats" won’t be quite so happy and content with life in the next few years. Huge profits. The global entertainment industry is worth over a staggering $500 bln globally, but nobody really knows for sure. Roughly broken down: TV & video $300 bln, music $45 bln,film $38 bln and the amount of television being watched, cinemas being visited and music listened to has done well in recent years. With the majority of the money being made ending up in the hands of a few at the top of....