While the battle for the internet has broken loose, more and more voices are going up to cut off the source of the problems. Hollywood is becoming obsolete. The internet can take over many of its rolls and the movie industry is fighting for its life. More and more internet users are proposing a boycott of Hollywood. I personally think that this will only be a temporary success and think a long term solution would be better.
One of the only things the internet isn’t doing yet is funding movies. Its one of the few things hollywood can do and the internet doesn’t have a answer for yet. Well, until yesterday. A group of redditors (users from the site who proposed the internet blackout) has started an initiative to fund movies publicly. Its still in a developing phase and testing the waters to see if there is more support for it. You can find more information here.
The idea revolves around crowd funding. Anyone can buy a share in the movie with a small donation. If the movie profits, a part of it is divided over the holders of the tiny shares. If it doesn’t profit, well then at least you saw the film get made you donated for. If there is not enough money to start the movie, the shares can be returned.
The concept is not totally new. Its already available for the music industry. http://www.sellaband.com/ is a prime example of that. Its a proven concept and with the current outrage directed against Hollywood it stands a good chance.
