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Birdman producer plans to fund next hit with cryptocurrency

'We're trying to revolutionise the way films are financed'

Camila Russo | Bloomberg 

The next Hollywood film you see might be financed with cryptocurrencies. Christopher Woodrow, who has helped produce or finance movies for the past decade, says the distributed-ledger technology known as blockchain is about to disrupt the film industry and he wants to be a part of it. The producer the Oscar-winning film Birdman, as well as Black Mass and Hacksaw Ridge, plans to launch his own blockchain-based token called MovieCoin in the first quarter of 2018. Funds raised in the sale, or initial coin offering, will go toward financing a portfolio of movies. Investors will ...

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First Published: Sun, November 19 2017. 01:42 IST