According to Bloomberg, the Republic rapper and director said the platform will allow filmmakers to raise money at a time when traditional financing channels have become more difficult. Fans can help build audiences for films before they are released.
Debt, equity or revenue-sharing agreements from investors will be issued through blockchain networks including Avalanche. The company plans to create a secondary market for film investments.
Unlike crowdfunding, these investors can participate in the revenue generated by the project. Republic's Marc Iserlis said this provides new investment avenues for filmmakers and allows fans to participate and get interested in projects they want to see.
