LiveTree Crowdfunding through Crypto-Currency
A new UK-based film and TV streaming service launches with library titles from the BFI, Warp Films and Kaleidosope Film Distribution.
16:51 11 February 2019
LiveTree, a new UK-based film and TV streaming service launches crowd-funding production initiative. It offers subscribers the chance to bankroll and have a stake in prospective film and TV projects through crypto-currency.
Currently, the firm’s content is provided by the BFI, Warp Films, and Kaleidoscope Film Distribution. The three companies provide a wide array of both new and classic titles, including work from Alfred Hitchcock, Werner Herzog and Lynne Ramsay as well as documentaries on British underground music scenes.
Technology entrepreneur and LiveTree CEO Ashley Turing said: “The value of the blockchain ledger is that it provides unprecedented transparency and efficiency in the movement of funds,”
The service, which is currently in an “Alpha’ phase will be fully launched in 2019 and by the time, it will be available via an app or on web browsers.
The company confirmed that it does not have any plans of buying any exclusive rights, and is looking to maintain a non-exclusive relationship with content providers going forward.
“We feel that the business operations of Netflix and Amazon and so on are going a great way towards hampering the distribution of small- and medium-sized projects, which get lost in the oceanic back-catalogues of these platforms with no potential for further distribution, prohibiting their creators’ developments, leading to market dissatisfaction and production stagnation,” said a spokesperson for LiveTree.
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