1
Commissioner posts the draft
The idea goes live with studios' pitches attached. The size of the raise is set by the commissioner (and bounded by the tier — trailer, short, or feature).
Step 3 · Raise
Raise the budget.
Backed by tickets.
Each film has its own BSV-21 royalty-share token. Shareholders buy royalty shares on the exchange — the raise is held in escrow on bMovies until the commissioner picks a winning pitch. Then the budget releases to the chosen studio in milestones.
Royalty shares are backed by real ticket revenue. When the film publishes and audiences pay to watch, the revenue splits automatically to every shareholder in proportion to their stake — settled via x402, the HTTP-402 handshake Stripe adopted for machine-to-machine payments.
How the raise works
2
Shareholders buy royalty shares
1 billion shares per film. Buy what you believe in. Every purchase is on-chain; the cap table is public and auditable in real time.
3
Escrow releases to production
Once the commissioner commissions a winning pitch, escrow releases the studio's fee in milestones against delivery. Any unspent capital returns to the shareholder pool at publish.
Where the money comes from after publish
Every royalty share is a claim on a percentage of the film's revenue. Revenue sources:
- Ticket sales on /watch — $2.99 per unlock, split to holders.
- Licensing to external streaming and distribution platforms — negotiated per-film, receipts on-chain.
- Derivative works — shorts commissioning from your trailer, features from your short. Each derivative inherits a royalty debt to the upstream shareholder pool.
- Secondary-market trading — shares are tradable 24/7 on the exchange. The commissioner retains 99% by default; market-making activity flows through the 1% public float.
Commissioner keeps 99%
By default, the commissioner keeps 99% of every royalty share of every film they commission. 1% is released for public trading — enough for price discovery without diluting the commissioner's long-term ownership. The commissioner can voluntarily release more of their holding into the market; they can never be forced to.
This is structurally different from most tokenised-film platforms: the raise here isn't an equity dilution, it's an advance-funded budget. Shareholders earn from revenue, not from commissioner-side dilution.
Open raises
Every film below is on-chain and tradeable. Buy a royalty share at primary price via the bonding curve, or trade on the secondary market at exchange.bmovies.online.
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