Ethereum founded movie production „The Pitts Circus“ integrates user content
It has been an exciting year for Ethereum with several ups and downs. Even the network was under attack for several weeks the market capitalization stabilized at about 1 billion USD. The Ethereum virtual machine is currently just a little more than
one year old, but several powerful projects brace the ecosystem. The community reaction on projects like Augur and Singular DTV was impressive and with Akasha, Gnosis and Golem there are some more large projects ready to boost the Ethereum
price in future.
On the long-term perspective, in particular media projects could open the door for Ethereum to bring in masses of new interest from the real world to the small crowd of early adopters that are represented by the innovative crypto space. The crowdsale of Singular DTV was sold out within a few minutes. Also in the Bitcoin world, media & entertainment could be a key to bring in millions of new users to cryptocurrency, as we are noticing large amounts of money moving to impressive media projects to boost the crypto ecosystem (e.g. Bitcache by Kim Dotcom). But there are also smaller media ventures in the Ethereum world which promise a high return of the users investment.
The Pitts Circus movie project, which is first Ethereum financed movie is such an investment opportunity for those, who see potential in the rising interest of Ethereum on a long term basis. Even if it is a low-budget independent movie not supported by Hollywood, the Swiss movie production could act as a long-ranging money making project, if Ethereum ever gets popular beyond the frontiers of the own community.
The movie is going to be produced in 2017 in Australia and in Switzerland and it will be shown for the first time in 2018 on several film festivals. The venture will take a long term profit from media rights and royalties of movie and soundtrack and will share 50 percent of its net profit with its shareholders, who currently can participate in the crowdsale via a simple smart contract. In detail, private investors will get an yearly Ethereum based return on their investment until the year 2036. The movie production company is a legal entity based in Switzerland that can benefit from the Swiss tax system.
Moreover „The Pitts Circus“ project wants to strength movie and ecosystem with different types of community involvement. Users are invited to send in music, ideas, videos, dialogue and much more to be part of the movie. Unlike in the music industry where good musicians often have no chance to present them, the movies like this could be a board to gain popularity.
Moreover they would be remunerated with revenues generated by the movies soundtrack. In general the production is open to several options of user interaction to create the project in a community driven way. The community may send a mail to firstname.lastname@example.org or post content on the projects twitter channel @Pitts_Circus
„You can send in a logo for the new website that we are currently creating, an advertising video, some graphics, an idea for a dialogue or film a crazy a stunt, we are really open for community involvement. Whatever helps the movie and Ethereum is highly appreciated. “ says Toni Caradonna, CEO of Scenic Swiss Coast GmbH and founder of the Pitts Circus movie production company aKenEvilThing. „Even if we have a very low budget to work with, there will be bounties and give aways in form of Ethereum based rewards for people who support our project. And if there are lots of user submissions a voting will be the right way to figure out what the best for the community and the project is. In the end, the most important thing will be to use this unique opportunity to create something historical for the Ethereum- and cryptocommunity on one hand and and a high ROI for the investors on the other hand.
We are aware the funding goal is extremely modest. But low production cost will increase the ROI for the investors. And there is one more important point: Early investors will profit most, for there are certain plans that will make early investing more profitable“ he added on.
Unlike other crowdfunded projects the movie gained some resources in front of the crowdsale and is definitely going to be produced in 2017. If you take a look on independent movie productions the amount you can spend on marketing correlates quite well to the box-office results and the movies success. You might know Juno or the Blair Witch Project – Those projects haven`t been the only low-budget indieproductions with gigantic financial results. If it`s the right time for something, effective independent movie-productions, can gain a multiple return-on-investment.
Let`s see what happens next to the first Ethereum financed movie. Until now they raised several thousand USD in ETH with their smart contract. And people can still buy multiple or fractional shares as long there are cheap shares available. Interested investors can find more informations on www.the-pitts-circus.com or invest directly with a smart contract 0x0C7c0b72004A7a66fFa780637427fEd0c4FaAc47