This article was first published on OntologyNetwork - Medium
Earlier this month we announced our partnership with MovieBloc, a new participant-centric film distribution platform. MovieBloc seeks to reform the film industry with blockchain technology and create a system for all film distribution participants, instead of a simple content platform for content providers and consumers. The problems MovieBloc sees in the current film industry and will address are:
- Industry oligopoly
- Limited funding opportunities
- Uneven revenue distribution
- Non-transparent revenue
- Limitations on film distribution
- Supporting creators
- Guaranteeing the profits of creators
- Lack of transparent revenue and data
- Global reach
Some may see MovieBloc’s attempt to overturn the film industry as a tall order, but backed by Pandora TV and KMPlayer, MovieBloc’s drivers have the credentials of building the foundations of new industries.
KMPlayer and Pandora TV
KMPlayer has 812 million total downloads, 500 million monthly playbacks, and 20 million monthly active users across more than 150 countries.
KMPlayer is now owned by Pandora TV. Founded in October 2004, Pandora TV was the first video sharing website in the world to attach advertisement to user-submitted video clips and to provide unlimited storage space for users to upload. It remains a top video sharing website, remaining the number one platform for digital videos in South Korea.
With their popularity, the drivers of MovieBloc believe KMPlayer and Pandora TV can garner huge traffic from their existing user base. Those who use KMPlayer will notice MovieBloc’s logo when they open the next version of their player. We are excited for MovieBloc’s beta service launch in Q3 and the project’s IEO in Q2.
A closer look at MovieBloc
The participants in the MovieBloc ecosystem include:
Creators: Individuals or groups with content distribution rights, such as content providers and directors. Creators receive their share of the revenue automatically from MovieBloc smart contracts.
Curators: People who ...
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