What Is Movie Bloc (MBL)?

What Is Movie Bloc (MBL)? Complete Guide Review About Movie Bloc.

What Is Movie Bloc (MBL)?

While the overall market is growing, the industry is also dominated by conglomerates with a vertical integration among three phases production, distribution, and exhibition. This integration causes barriers in the industry, such as biased screen allocation, as the business is mainly focused on obtaining a wider audiences for stronger revenues. The filmmakers and audience are the main victims from this effect.

The filmmakers are asked to produce films only with a high probability of commercial success. The consumers’ right to enjoy various and free-choice of content is lost. Movie Bloc mission is to solve those problems with its blockchain technology. The creators will get transparent revenue share, audience data, and equal screening opportunity; the viewers will access various films & content.

In the long-term, Movie Bloc will create the biggest and most participant-centric film ecosystem. By co-working with KMPlayer, a multimedia player with over 300 million users, Movie Bloc will not only provide film producers with an equal opportunity to create and show their films, but also bring various movies at a reasonable price to Movie users. Movie Bloc is different from previous film related ICO projects.

These projects have focused on removing middleman and providing direct distribution channel between the creators and the audiences. However, this model has gave the creators more roles and responsibility of promoting and exporting their works to the audiences. Movie Bloc seeks to create an ecosystem with all film distribution participants, instead of becoming a simple content platform with content providers and consumers.

Movie Bloc Storage Key Points

Coin BasicInformation
Coin NameMovie Bloc
Short NameMBL
Circulating Supply13.53B MBL
Total Supply30,000,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Official Project WebsiteClick Here To Visit Project Website

Industry Oligopoly & Vertical Integration

The movie theater industry is composed of three vertical layers production, distribution, and exhibition. In America, the big six conglomerates and a few major studios show strong presence in production and distribution; in other countries conglomerates can control exhibition as well, such as South Korea. Netflix and Amazon Prime Video are focusing on vertical integration by owning its original content and using their distribution system to deliver that content to its subscribers.

Movie Bloc Accordingly, consumers have no access to content that these institutions choose not to invest in. A few powerful corporations with strong capital are thus limiting the consumers’ right to enjoy various content and the film producers’ opportunity to release their work to the wider public.

Limited Funding Opportunities

This limits film producers’ freedom of expression and the film market to be supplied with mainly standardized films. Major studios invest in films and look into the scenarios, directors, and actors for one goal box office hits. The directors and filmmakers must implement the commercial-centric ideas into their films to reach a wide audience.

Movie Bloc In order to fund their work without the investors’ interference, film producers have to either make an independent film on low-budget or receive help from crowdfunding. Even if the production is finished, profit ability is difficult to achieve due to limited budget, difficulty of securing screens, exporting, and marketing of the film.

Revenue Problem

It is extremely difficult for independent films to be regularly shown at movie theaters outside of film festivals. After the theatrical release, VOD is another profitable market. However, blockbusters are once again gain the vast majority of profits. As for short films and independent films, revenue share agreements with VOD services are being handled in adverse conditions due to a weaker bargaining power.

YouTube, another monetizing option, requires the channel to have 4,000 hours of annual viewing time and over 1,000 subscribers in order to receive ad revenue. Movie Bloc Thus, independent filmmakers resort to uploading their content on YouTube for free, as a way of sharing their portfolios. As you can see, there are no platforms providing a fair revenue share to the creators.

Nontransparent Revenue Share and Date

Movie Bloc The recipient is unable to verify the accuracy of the data. The sheet does not disclose how revenue was affected by discounts, promotions, marketing, nor viewers’ data (device, age, gender). Sales reports with no transparency or verification method creates low credibility in the business; creators without audience information disables any viewership insight from their content production.