February 18, 2021

Hollywood Producers Create Digital Currency to Fund Films (decrypt.com)

Hollywood is a tough place to make a living. The studios—and, increasingly, the streaming services—act as gatekeepers, deciding what gets made and by whom.

So, why not just roll out your own red carpet?

That’s what a team that includes Emmy-nominated and Oscar-seeking producers is doing. Mogul Productions, which bills itself as a “decentralized film financing (DeFiFi) platform” announced today that it is launching. 

Interested creators and cinephiles can register for an account. Once the mainnet goes live, they’ll be eligible to receive STARS, the blockchain-based platform’s token. 

CEO Gagan Grewal, formerly a managing partner with Three Equity Capital, told Decrypt, “Fans stake STARS tokens to vote on which films they want to see gain financing. Mogul uses a Quadratic Voting System to make each vote cast by the same user exponentially more expensive to guard against STARS-rich users having undue influence over the process.” 

By: Jeff Benson

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Mogul Productions Launches Platform to Give Creators, Fans, and Financiers a Voice in the Filmmaking Process

(finance.yahoo.com)

TORONTO, Feb. 18, 2021 /PRNewswire-PRWeb/ — Mogul Productions, the decentralized film financing (DeFiFi) platform that gives everyone a voice in the creative process, launches its platform. Starting today, users can create an account to have the chance to be whitelisted for future access to STARS tokens and check-out the films in the Showcase that will be voted on with STARS when the platform is released on mainnet.

Gagan Grewal, CEO of Mogul Productions, expressed, “With all the major streaming platforms experiencing global viewership spikes in 2020 and predictions of the current $50.11 billion market growing 21.0% each year, it’s clear that there is a nearly insatiable demand for great content, and yet, it’s incredibly difficult for independent creators to get their stories financed and made into films. The exploding demand vs. insufficient supply is one of the most unbalanced markets across industries. At Mogul, we are giving filmmakers, fans, and film financiers a voice in the creative process, ensuring that more great films get made, and helping to right this asymmetrical market.”

Continue Reading at finance.yahoo.com