What is LiveTree ADEPT?
LiveTree is an established, socially responsible crowdfunding company based in London, UK. Over the last two years, it has captured 5% of the UK crowdfunding market (in the film and content category) and forged partnerships with several leading names in entertainment, including the British Film Institute Future Film, the Screen Arts Institute, Red Rock Entertainment and 20 independent organizations. LiveTree has compiled a contact directory of 14,000 entertainment suppliers and thousands of individuals who work across film, TV and content.
Having established a unique, successful and sustainable crowdfunding model for film and TV projects, LiveTree and its partners have identified the following problems within the entertainment industry:
•Creative project funding, creation and distribution:
The entertainment industry suffers from incoherent methods of funding. There is no best-practice funding model, with the result that project finance is often structured on a piecemeal, project-by-project basis, driven by access, timing and contacts.
The same incoherence is true of the current content distribution process. Traditionally, new content is shared with the wider market via film festivals and content fairs. This route to market is frequently out of reach for creators, meaning that valuable content — potentially the next big TV drama, for example — can be overlooked. The current system also impedes broadcasters and distributors seeking fresh new content since it is opaque, inefficient and lacks a consistent mechanism for evaluating the market potential of projects in economic terms.
The big online distributors, such as Netflix, Google and Facebook, act as creative gatekeepers for new content. By dominating the market, filtering and pre-selecting what is available to viewers based on their own profit, these corporates add yet another barrier preventing consumers from accessing the content they want. Consequently, content-makers currently have no direct, peer-to-peer means by which they can contact their — sometimes millions of — engaged fans, who would willingly pre-purchase their content and promote it passionately among their friends and contacts.
•Bridging the gap between traditional creative industry and technology:
Economic turbulence has taken its toll on creative projects, and budgets have shrunk markedly in recent years. Arguably, projects are becoming more dependent on personal connections, private wealth and insider knowledge than talent and dedication.
LiveTree is set to embark on a new project to addresses these industry challenges. This white paper sets out its solution across three key areas:
A decentralized platform that reimagines entertainment’s value chain: the process of content creation, funding and distribution. Distribution is via Blossom, a game-changing, decentralized digital rights management system that is set to revolutionize how content is interacted with, shared and consumed.
Supporting ADEPT is a digital token called Seed, designed to provide equality and remove gatekeepers restricting the market. Its value is created through demand, driven by its use throughout the platform and subsequent repurchase from the secondary market.
The Incubators, operated through LiveTree’s partners by Oscar- and BAFTA-nominated filmmakers, are designed to advance the careers of both emerging talent and experienced filmmakers.
By providing content and real-world projects, they also serve to migrate the current industry to ADEPT.
In addition to delivering real-world projects that can be used to stress test smart contracts during the development stage, the Incubators provide content that can be used to market and add value to ADEPT, because the content is subsequently sold in Seed.
In order to ensure the success of this project, LiveTree’s approach is both pragmatic and rooted in the real world.
There is no assumption that the global $500bn entertainment industry is going to change overnight, or that consumers are about to stop watching film and TV content via the traditional channels. Therefore, the project has been structured with industry partners in five keys stages to incrementally realize value for the buyers of Seed:
1.Minimum viable product:
Intended to immediately realize Seed revenue from the sale of Incubator-developed content
a.Note: Three productions are potentially immediately available through
Red Rock Entertainment.
Migrates LiveTree’s existing crowdfund business
Migrates LiveTree’s contact directory and builds a market-driven contact network
Launch pre-pay-to-view (PPVOD) channel enabling fans to pre-pay for content they want to be made
5. Blossom TV:
Drive Mainstream adoption It is becoming increasingly clear that the blockchain, with its ability to simplify content creation, distribution and funding, represents the future of the creative industries. Those that buy Seed now, as owners of these future industries, will be well positioned to reap the benefits of this new creative world as the LiveTree platform is rolled out globally through 2018.