Is the Asian Film Market Ready for Fintech?
Japanese indie film veteran Yuko Shiomaki is trying to put a human face onto blockchain, as online film platforms boldly move from back office functionality into movie financing. A former talent agent and producer, founder of Japan’s Pictures Department, and a Busan market regular, Shiomaki is now the Asia representative of SingularDTV. The Swiss company claims to be “building the world’s first blockchain entertainment ecosystem.”
On a day when typhoon winds and heavy rain were lashing the Busan Film Festival’s venues, it is easy to imagine how staying at home or in a hotel room, and working from a computer or mobile device, is preferable to the stress and expense of attending a real-world film market.
The past years have seen the launch of several online marketplaces dedicated to trading film and TV rights. Such sites include BidSlate, FilmHub, MediaBank and Singapore-based AllRites.
Their functionality, and the bandwidth that was not available 20 years ago when the dot-com boom saw the attempted launch of similar virtual IP marts mean that today they are also screening platforms, scouting and selection services, and collection agencies. That creates the space for some surprising partnerships.