Blockchain: A Tool to improve the Cinema and Television Industry

 

Blockchain: A Tool to improve the Cinema and Television Industry

Inês Coelho

Abstract:

Blockchain is a new technology that has become a big deal amongst society during the last few years. Bitcoin has been the most well-known format of this technology. However, there is more to blockchain than cryptocurrencies. Blockchain has as one of the main resolves to create a fair economic future.

 

There are several advantages that this technology could bring, not only regarding works’ distribution and promotion but also of profits. This technology can provide an economical, artistic and cultural improvement of the cinema and television industries, especially in countries with smaller sectors, and which are ruled mainly by government subsidies, like several cases in Europe.

 

This study centered in some of the main problems felt in the cinema and television industry of the European Union countries, some of them provoked by the law, as also as a purpose to find how the blockchain technology or even a derivation of the same, can solve most of them. So, a country with a precarious cinematographic reality was selected, Portugal. The Portuguese legislation was analyzed, along with the countries belonging to the European Union, to detect which are each law’s main flaws and what are their consequences. During this study, it was found that many problems were focused on several questions. Between them were: the chosen authors of a film being different from country to country, even in countries with the same legal system; in the law’s misappropriation to the cinematographic reality; the delegation of tasks, otherwise impractical to fulfil, to entities of collective rights management entities; legal complexity not allowing users to clearly know if they are committing an illegal act or not; the works’ excessive costs, which part of the gains don’t go to the authors nominated by law; possibility of all the work’s owners not being recognized by the law; emergence of more orphan works, and so on.

 

 

All the expropriations generated by the current legislation of Author’s Rights and Related Rights of the EU will be nominated and explained, as well as the solution which a blockchain system or platform may provide.