Los Angeles, CA (PRWEB) February 12, 2015
PublicVine presented a Sundance award-winning producer’s screening of a new film on January 24, 2014, at the I-Heart Radio Lounge located in the heart of Sundance on Main Street in Park City, Utah. The film was successfully screened using PublicVine, the social video marketplace, which performed extraordinarily well under low bandwidth. The screening was followed by a live question and answer session and after party with the filmmaker, PublicVine’s Founder/CEO Nam Mokwunye, and producer/writer Scott Zarakin.
PublicVine is the online and mobile social video marketplace—a platform where video content vendors and consumers connect, transact, and get paid. Through its relationships with global telecom operators, PublicVine offers video content vendors access to the 3 billion smart-device consumers in over 200 countries in which it is transactional. Designed at Stanford University by Mokwunye, PublicVine is venture-backed and is partnering with film festivals, filmmakers, distributors, and other "video content vendors" to redefine the industry in a manner that is transparent, fair, and safe.
“This screening, directly from the filmmaker’s channel on PublicVine, could be a first in film history,” says Mokwunye. “This only gives us a glimpse of what is possible with PublicVine and what opportunities lie ahead for the industry—particularly for the 97% of filmmakers whose creations never make money. As a formerly practicing fine artist, I personally understand how important it is to receive pragmatic opportunities that can yield results. PublicVine is one of those.”
With PublicVine there is no downloading, so filmmakers retain 100% control of their video content and can receive up to 79% of transaction revenue on each of their videos. Video content vendors can also make up to 79% on ad revenue and 20% of apps revenue that is generated on their channel(s). There is no fee to register, no NDAs, no exclusivity, and no loyalty contract.
Both video content vendors and consumers benefit from PublicVine's social invite, viral revenue sharing, and social apps systems. Much like a "video mall in the cloud", PublicVine allows video content vendors to set up unlimited channels and video stores from which they can rent out or sell video content directly to consumers. These transactions can happen in three streaming modes: video on demand (VOD), live programs, and TV/Radio broadcasts. When consumers rent or buy video content, it appears in their video library. They can also invite friends in their social network to rent or buy those videos. And when they do, they make a commission. And they can also make commissions on their friends' commissions.
After sponsoring the 2014 International Film Festival Summit (IFFS), PublicVine is now also enabling film festivals to cut costs and make money. Unlike other submissions platforms, film festivals retain 100% of their submission fees when they curate submissions and screenings directly through their channel(s) on the PublicVine platform. Further, film festivals can make up to 79% of revenue on films they source, and 10% on films they curate.
For more information please visit http://www.publicvine.com