MIAMI--(BUSINESS WIRE)--Bond.pm executives announced today the online video streaming platform will launch a StartEngine crowdfunding campaign and release the alpha version of the Bond Film Platform on Monday, June 25th.
"Bond.pm is a new economic model for the film and video industry based on the transparent blockchain economy," Bond.pm chief marketing officer Michael Caputo said. "Video creators monetize their content and profit together with their fans, who watch and invest in their content."
The streaming platform is based on crowdinvesting and decentralized ownership enabled by smart contracts and its own cryptocurrency powered by the Ethereum blockchain. According to Bond founders, their model will change the way Hollywood works.
Bold new business models like Netflix, Amazon Prime and more have shifted the film and video industry paradigm. Today, a wide gap still exists for creators unable to profit on YouTube and still overlooked by established platforms. Designed to fill that gap, Bond.pm is creator-focused: a pure market-based solution, a creator's profit is determined by popularity. Fans decide what video and film projects get made, not a handful of Hollywood moguls.
Creators also retain more of the profits from their work: a small piece of a user’s subscription fee is paid to content authors they watch via decentralized and transparent revenue distribution fueled by blockchain. And instead of leaving streaming revenues to Hollywood, Bond splits them between content creators and crowdinvestors.
As an Academy Award nominee for his 2015 documentary film "Winter on Fire: Ukraine's Fight for Freedom," Bond.pm founder Den Tolmor knows the difficulties of gaining investment. A former engineer, he saw the promise of blockchain and smart contracts to change all that. "At Bond, crowdinvesting is an organic part of our video streaming service," he said. "Our platform will allow Bond users who are enjoying original and high quality content to buy ownership stakes in work by their favorite creators."
ABOUT THE BOND FILM PLATFORM
Bond connects creators, audiences and investors on one global film and video platform - a new way for video creators to monetize their content and profit together with their audience. For more information about the Bond Film Platform and the crowdinvesting campaign, please visit https://bond.pm.