The film industry is composed of an economically dominant oligopoly consists of Warner Bros, Walt Disney, Paramount Pictures, Universal Studios, Sony Pictures, and 20th Century Fox, all based around or in Los Angeles (Hollywood), as well as more than 800 independent producers which collectively produced $39 billion at the box-office in 2016.
As of 2016, the leading film markets are the US, Canada, and China. They are followed by the UK, Japan, India, Korea, France, Australia, Germany, Italy, Mexico, Spain, Russia, Brazil, and Korea.
The tasks of independent film producers include conceiving, producing, marketing, distributing, paying taxes, collecting box office proceedings, and distributing profits to investors. Meaning, they are solely responsible for the failure or success of a film project. Traditionally, independent film financing is enabled by wealthy investors who want to minimize capital taxes and gain yields higher than those provided by savings and bonds.
#TheFaustFlick project is a comedy movie that will be executive produced by TheFaustFlick (TFF) token through the Film Business Buster™ smart contract. It has “at least one A-List latin talent as main cast, to be produced in Argentina and Venezuela and to be initially distributed in the U.S. in two different language versions; the first one with 80% of the dialog in spanish and the remaining in english; and the second one with 100% of the dialog in english. In both cases english will be enunciated, not dubbed,” the white paper details.
#TheFaustFlick will be gradually distributed into global film markets, including the UK, India, Japan, China, Mexico, Russia, Germany, Italy, Spain, and Brazil. Other revenue sources are distribution via Cable Networks, Satellite Networks, International Television Markets, Video On-Demand, and DVD/Blu-Ray retail sales.
TFF token is an ERC-20 hybrid utility token that gives investors:
- Net profits from different revenue sources of #TheFaustFlick.
- Access to #TheFaustFlick screenplay, financial records, and letters of intent.
- Voting rights on five critical gates that allow the film business cycle tasks and/or filmmaking process.
|Pre-Sale||2019-03-01 – 2019-03-31|
|Token Sale||2019-04-01 – 2019-07-14|
|PreICO Price||1 TFF = 0.005 ETH|
|Price||1 TFF = 0.01 ETH|
|Minimum Investment||0.1 ETH|
|Soft Cap||11,000 ETH|
|Hard Cap||20,000 ETH|
|Restricted area||US residents need to check SEC regulation before investing|