RE: Killed by “No Time to Die”. Is the Movie Industry the First Big Entertainment Sector to Collapse Under the Covid-Strain?

That business model has been taken for granted for far too long. Only a few had access to the potential profits. A tiny handful of artists would make millions, that long list of names in the credits would earn your basic salary and nothing more. Meanwhile, the doors have closed off to a majority of capable creators, since they had no way of breaking in to the inner circles.

This pandemic has been tough on the arts and entertainment world but when one door closes, another opens. People will find a way to succeed using other means. Hopefully they can do better than free movies with ads though. The only thing worse than 20 people coughing or talking during a movie, is a five second ad interruption every few minutes.

A new model could involve crypto like we have here. Anyone could become an executive producer by purchasing movie tokens that could lead to enough money in the budget to produce the film. Once it's ready, the public could then have access to that token, make a purchase much like buying a ticket. Millions of viewers/consumers puts tremendous buy pressure on the token, increasing the value steadily over time. From there, people profit, pay everyone who needs to get paid with the return on initial investment, hopefully break even at least. Meanwhile the token still holds value, provided consumers are still buying years down the road. Can do this with music and books as well.