×
You will be redirected back to your article in seconds

Blockchain-Based Rights Trading Platform Cinemarket Launches at Cannes

Berlin-based Cinemarket is to use blockchain technology to create a secure and transparent online platform for rights transactions.

Unlike other ventures with mass market ambitions, Cinemarket pitches itself as a tightly curated venue. It aims to put an emphasis on work by emerging directors, adding completed films on a monthly basis.

Buyers can scout for available rights, watch films, submit offers, negotiate contracts and make minimum guarantee and royalty payments through the platform.

The use of blockchain’s Ethereum technology enables decentralized and safe storage of contracts, licenses and transactions, safe from falsification or alteration.

“We want to make it easier for film professionals to make deals online in a secure manner that does not rely on trust, but rather on the elegant verification process of the blockchain,” said Jordan Mattos, co-founder and director of content. “It is a potentially democratizing tool for young filmmakers and industry players of tomorrow who may not be in a position to budget in attendance at all the yearly markets.”

Initial selections include American artist Chris Gude’s experimental road movie “Mambo Cool,” shot in the hills of Colombia; “The Future Perfect,” which won the Locarno Opera Prima award; and post-apocalyptic Brazilian sci-fi fable, “Blue Desert.”

Cinemarket is one of several companies currently launching business-to-business rights trading ventures, some 20 years after similar initiatives in the 1999-2000 dotcom boom. Those largely failed due to under-developed technology, poor Internet bandwidth, and user skepticism. Today, handheld devices, near ubiquitous mobile broadband, and secure systems have removed most of the technological obstacles. That leaves new platforms to compete for business with each other and with traditional offline marts, such as the Cannes Film Festival’s Cannes Film Market.

Last week Singapore-based startup, AllRites Marketplace launched its online platform with a claimed 17,000 hours of mainly Asian TV, sports and film content. It has ambitions to expand to world scale. Another contender, U.K.-based TRX is also already operational. It is currently offering a range of content from major rights owners including Lionsgate.

Cinemarket will be demonstrating its platform at a booth in the Cannes Film Market, part of the Cannes Film Festival.

More Film

  • FilmSharks Scores Global Sales, Remake Rights

    FilmSharks Scores Intl. Sales-Remake Rights for Fernando Spiner’s ‘Immortal’

    Guido Rud’s Buenos Aires-based FilmSharks International has acquired global sales and remake rights to renowned Latin American genre director Fernando Spiner’s latest feature “Immortal,” which participated in this year’s Blood Window Showcase at the Cannes Film Market. Included in the deal, FilmSharks also picked up Spiner’s sci-fi catalog which includes “Sleepwalker” and “Adiós querida luna.” [...]

  • Dimitri Vegas

    Dimitri Vegas Talks 'Rambo V: Last Blood' Role, Working With Sylvester Stallone

    Dimitri Thivaios, better known as dance music’s Dimitri Vegas, is taking his skills beyond the DJ booth, picking up a major film role in the forthcoming “Rambo V: Last Blood.” The Belgium-born Thivaios, who headlines massive EDM festivals like Tomorrowland with his brother Michael (they perform under the banner Dimitri Vegas and Like Mike), has [...]

  • Japan's Toei Animation Teams With Saudi's

    Japan's Toei Animation Teams With Saudi's Manga Productions on 'The Journey'

    In an industry-building effort for Saudi Arabia, new Saudi animation studio Manga Productions has teamed up with Japan’s Toei Animation on a $10 million to $15 million animation feature titled “The Journey,” an epic based on Saudi folklore to be directed by Shizuno Kobun, whose credits include “Godzilla: City on the Edge of Battle.”  Manga [...]

  • 'Joan of Arc' Review: Bruno Dumont's

    Cannes Film Review: 'Joan of Arc'

    You have to hand it to Bruno Dumont, France’s dark prince of dour auteurism: He never makes the same film twice, even when he does, to all intents and purposes, make the same film twice. Two years ago, he offered his own singular contribution to cinema’s well-stocked canon of Joan of Arc dramas: As a [...]

  • Rosie Day, Harriet Sanson Harris, Natalia

    Rosie Day, Harriet Sanson Harris, Natalia Tena Set For Juanma Bajo Ulloa’s Thriller ‘Baby’ (EXCLUSIVE)

    CANNES– Rosie Day (“Outlander”), Harriet Sanson Harris (“Phantom Thread”) and Natalia Tena (“Game of Thrones”) will star in Spaniard Juanma Bajo Ulloa’s psychological thriller “Baby,” Variety has learned exclusively. The project will be pitched on May 19 at Fantastic 7, a new Cannes initiative seeing seven of the world’s most prestigious fantastic festivals back and [...]

  • Polish Fest’s Industry Event Presents Upcoming

    New Horizons’ Polish Days Goes to Cannes With Five Films in Progress

    CANNES  —  Buoyed by a wave of international successes, including Pawel Pawlikowski’s 2019 foreign-language Oscar nominee “Cold War,” Polish cinema will get a fitting showcase Sunday morning with the presentation of five new projects at New Horizons’ Polish Days Goes to Cannes. Organized in conjunction with the Polish Film Institute, Polish Days is the most important [...]

  • Cannes, Annecy Animation Day Hosts ‘Bob

    Coala to Pitch ‘Bob Spit: We Do Not Like People’ at Cannes, Annecy Animation Day

    São Paulo-based Coala Filmes impressed in the series competition at last year’s Annecy Intl. Film Festival with an episode of their popular stop-motion series “Angeli the Killer,” based on the famous comics of the Brazilian comic-book writer of the same name. This year, the film’s director Cesar Cabral and producer Ivan Melo are participating in [...]

More From Our Brands

Access exclusive content