The budget for the upcoming Atari movie, set around $40-$50 million, is being financed entirely through tokenization on the Blockchain. What happens could pave the way for a brand new way to fund films.
“I’m passionate about blockchain and want to demonstrate with [Atari] that this is a viable way for filmmakers to do this,” said Atari producer J.D. Seraphine, Vision Tree Media, on the TIFF 2018 panel below. “One of the great frustrations of being a filmmaker is that you constantly feel like there are obstacles in front of you that keep you from just creating your vision. My hope is that there are new models and systems that will be built so filmmakers will be able to focus on expressing the creative vision.” Can tokenizing your film can remove the middleman from financing? Wel, yes, as long as you don’t spend too much on the new middleman who will help you understand tokenizing!