#TheFaustFlick & the Film Business Buster™ Smart Contract
#TheFaustFlick, a comedy film, joins the Ethereum blockchain through a Security Token Offering. An audacious move by estudios amazonia; their White Paper is a sound business plan backed by an impresive and an in depth market research which latent opportunity is impeccably outlined as follows: 8.3 million hispanics frequent moviegoers in the U.S. (go to movies once a month or more) who yearn to see good stories they can relate to and familiar faces playing roles they can identify with, spent as much as $2.3 billions at the U.S. box office alone, year after year.
This comedy film is to be produced in Argentina and Venezuela and initially distributed in the U.S. in two different language versions; the first one with 80% of the dialog in spanish and the remaining in english; and the second one with 100% of the dialog in english. In both cases english will be enunciated, not dubbed. All this via the Film Business Buster™ Smart Contract which will grant TheFaustFlick (TFF) and FilmBusinessBuster (FBB) Token holders:
The code for the Film Business Buster™ Smart Contract will be open and available for anyone to review at github.com/estudios-amazonia/FilmBusinessBuster.
The rise of new technologies and the growth of independent financing.
In the last ten years the number of electronic devices per household has grown ostensibly, as a result, most people are nowadays more interconnected than ever. Within this digital reality, electronic financing has grown significantly over the last four years. Independent film producers could adapt and transform themselves by leveraging this financial revolution by joining blockchain networks.
It is evident that estudios amazonia has taken a quantum leap into this digital space with #TheFaustFlick and the Film Business Buster™ Smart Contract. The Orange Economy, or cultural and creative industries, such as the Independent filmmaking, can appropriately empowering their stakeholders through an open, verifiable and auditable Smart Contract, enabling and increasing Win-Win business relationships.
It is not a surprise therefore, that highly effective professional teams with visionary and feasible projects have recently issued with tremendous success Initial Coin Offerings (ICO), Initial Exchange Offerings (IEO) or Security Token Offerings (STO).
Smart Contracts modernize and automate the independent filmmaking and film business process through transparency and engagement with its stakeholders.
The filmmaking and film business process goes through at least sixteen (16) fully identified and auditable stages. The Film Business Buster™ Smart Contract, conceived and developed estudios amazonia, will provide a platform to Tokenize future films, thus becoming the first film producer in leveraging blockchain networks to optimize an existing and highly lucrative business model. #TheFaustFlick opens the gate for film production and distribution, thus strengthening the digital ecosystem with tested and proven sound value propositions.
The initial values of the TFF Token and the FBB Token adopt Ether as the unit of account.
It is a common method among ICO/IEO/STO in the crypto space and estudios amazonia understands how this financial ecosystem works. By setting the initial price in Ethereum (ETH), a step is taken towards the adoption of technologies and their properties. During the Presale and the STO the value of each TFF Token and FBB Token is set at 0.01 ETH, before the applicable discounts, with a minimum contribution of 1 ETH during the Presale and 0.15 ETH during the STO.
During Presale (April 2019) there will be 500.000 TFF Tokens available with a 50% discount. During the STO (May, June and July 2019) there will be 2.000.000 TFF Tokens with an initial 25% discount, down to a 10% discount at the end of this period.
#TheFaustFlick will be the first film project managed within the Film Business Buster ™ Smart Contract. TFF Token maximun supply will be 10.000.000 divisible units; respectively, FBB Token maximun supply will be 1.000.000 divisible units.
TFF Token holders will receive in perpetuity their share from the 90% of net profits from #TheFaustFlick multiple revenue sources. Additionally, FBB Token holders will receive in perpetuity their share of 10% of the net benefits of this film and of all New Film Projects that will be reviewed, selected, produced and/or co-produced by estudios amazonia.
A 2-minute film teaser of #TheFaustFlick, produced with a stringent budget but with the passion of more than 30 people, is available at thefaustflick.com/#Prototype. It is estimated that during the 90-minute film production at least 300 professionals will get involved.
estudios amazonia chose the Ethereum Network for their Smart Contract platform. The following contract addresses are available on their respective websites.
TFF Token Contract Address: https://etherscan.io/address/0x349c9A0AFbe8C8e08a6bD8A2E925f9EC5aE7d2C9
FBB Token Contract Address: https://etherscan.io/address/0x29fb4CEe43155bAAB885897f0e96B1F0572a1E86
#TheFaustFlick & the Film Business Buster™ Smart Contract Legal Framework
Both projects are regulated by the Bolivarian Republic of Venezuela´s National Superintendence of Crypto-Assets and Related Activities, or SUNACRIP (acronym in spanish), ascribed to the People’s Power Ministry for Industries and National Production, and it is in full compliance with the Crypto-Assets Integral Systems (CIS) Law, issued by the Constituent National Assembly on November 20th, 2018. All interested parties in TheFaustFlick Token and the FilmBusinessBuster Token must download, read and understand #TheFaustFlick and the Film Business Buster™ Smart Contract WHITE PAPER, both available at TheFaustFlick.com, FilmBusinessBuster.com and estudios-amazonia.com.
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