The vote is expected to take place from August 5 to 19, 2021, on the three films chosen -
Terminal Station (Philip B. Goldfine, Keoni Waxman): an unofficial sequel to Netflix's Top 10 hit "The Hard Way" where "John Wick" meets "Reservoir Dogs", MR-9 (Asif Akbar, Binh Dang): based on a series of similar Bangladeshi books to James Bond, MR-9 is planning to be the next spy thriller franchise, Devilreaux (Thomas Churchill): a horror film showing strong production and distribution experience and potential for a legacy .
Although this is the very first vote on the platform, it is the second time that Mogul Productions has funded a film. As a proof of concept for their platform, Mogul previously funded a film titled Bonded which is now in post-production.
To avoid a situation where the whales on the platform manipulate voting decisions , Mogul follows a quadratic voting style. Here, the more tokens a person has, the less their voting credits will be. This means that the small holders have a stronghold.t greater voting power, thus eliminating any risk of monopoly.
Changing the power dynamics of the film industry
We are all aware that the film industry is quite opaque. All of its casting, production and distribution operations are carried out behind closed doors. We, the fans who play a key role in the success of the industry, have little or no say in its operations.
The power to make critical decisions rests with the top few houses in production and we have no choice but to watch the fi lms they turn off. As a result, talented actors are ignored, interesting stories are wasted, and promising artists never blossom. This is where Mogul Productions can create a twist and turn things around.
By leveraging blockchain technology and letting fans vote on projects, the platform is movingthis the power dynamics of the industry from top players to fans. Fans choose the films they find promising and Mogul Productions funds them.
Mogul Productions says a decentralized way of selecting and funding films can open new doors and dimensions in the world of
Is the future of films decentralized?
With platforms like Mogul Productions that draw fans into the decision-making process, we could very well be heading into a future where the media and entertainment industry is fully decentralized. all industry players, writers and producers to fans, will gain access to a fair game platform where they can share ideas as well as profits.
This very first blockchain-based vote by Mogul Productions could be crucial. turning point and a way to assess how decentralization resonates with the masses.