London (PRWEB) May 12, 2008
TheMoviesClub online co-operative distributor launch day was a big success.
A new microfinance Movie co-operative has now kicked off the next stage of the business following successful launch and generating hundreds of registrants in first week. What Myfootballclub did for Ebbsfleet FC is now one step closer for the movie industry with a people-owned movie co-operative.
The first phase of the business is now well underway with people signing up via the Teaser website. Co-founder Andy stated that, "We are now ahead of schedule with many people registering their interest, which is very encouraging. We will now enhance the website to give more information about the initiative over the next few weeks."
The first phase is all about spreading information about TheMoviesClub and encouraging people to register their interest. Once we pass the next level we will open the site for people to sign up.
TheMoviesClub is a co-operative built on a unique community business model. It is an autonomous association of people united voluntarily to meet a common economic, social and cultural need through a jointly owned and democratically controlled enterprise; in simple terms, one member one vote.
So no one will have more power than any other member, all key decisions will be taken by community vote. The running of TheMoviesClub will be fully transparent, and we also let members decide whether they take a share of the profits or re-invest in future movies.
TheMoviesClub is funded by its members as a microfinance initiative. Contributors become members of the TheMoviesClub for £15. £13.50 goes towards purchasing a movie, releasing the movie, and other expenditure with the remaining 10% going towards administration of the website. Once we have our founder joiners in place, TheMoviesClub will then begin acquiring movies. Members will be able to discuss and have an equal vote on all aspects of the movie release.
We hope to acquire our first movie in the summer, and will have a full launch at the Edinburgh International Film festival. Due to the extra interest we are also now planning an early event at the Cannes Film Festival in May.
TheMoviesClub, creates a new microfinance Movie co-operative that is managed online. For the price of a DVD, movie fans can now join a co-operative that will buy the rights to independent movies, taking Social commerce to a whole new level. Suddenly what to watch in the cinema won't be just the latest blockbusters, but also a movie owned by the co-operative. Who says that a Hollywood studio mogul knows more than say 50,000 plus members of the public? With the community having their say in selection and promotion the best ideas will bubble to the top increasing the likelihood of success, using the principle of Wisdom of the Crowds.
Movie distribution is traditionally an expensive business. With this model anyone can take part, and this has been proven with the initial strong interest in our first few weeks. It now looks like we will need to get busy to get to the next level.
Join - Choose - Own - Reward
The movie distribution co-operative Join - Choose - Own - Reward:
TheMoviesClub is the world's first movie distribution co-operative that is managed online. Movie Co-ownership. Movie Distribution Has Been Given a New Twist by Co-Operative Approach.
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