Lumière [芦明] was coined by film industry experts 'The Moody's for Movies'! Lumière is an ERP platform to help finance and manage production and capital flows in film projects and during the reporting phase. Its software, Elemis, offers a set of tools focused on fast production payments, increased transparency for investors, cast and crews and a reputation risk management module.
Lumière is more than a platform or an interface… Based on the name of the famous brothers, pioneers of film, Auguste and Louis Lumière who patented the cinematograph, this application aims to shed a different light on the film industry.Lumière is a mindset, a convergence point, a real use-case project, connecting blockchain and smart contracts. The Lumière Project was established to enable an ecosystem for creative productions where both money and information flows are transparent, clear and promoting fair distribution and right applications of capital.
Less waste, minimal corruption, no payment delays, better overall flow of value and ideas, that’s what this system is all about. As of now, we have gathered more than half a dozen of quality creative projects from feature films to TV series in various stages of development to an application for mobile and desktop platforms.By connecting high quality stories, cutting-edge creative content, and professional productions through the powerful vector of a fast-growing and transparency-enabling technology like blockchain, we can deliver an exclusive space where all the creative and financing actors are fairly rewarded.
Like in the early days of cinema, this is a place where creative risks can be taken and fresh content can emerge. For us blockchain technology is the perfect enabler for social responsibility and thus the projects we feature reflect that as much as entertainment. By using this ecosystem we place respect, transparency, creativity, performance and storytelling at the centre of our entertainment system.However, this is an environment where technology and machines are not running the show. Instead, they accompany us in a true and deep change of mindset that we think the creative industry truly needs. Because we practice what we preach, we aim to place our first film productions on our blockchain platform first to show that it is possible to build an environment where investors, talents, producers, sales agents and distributors can create hand-in-hand and trust each other
At the moment, independent film productions and specifically co-productions lose on average an estimated minimum of 10% of their budgets through accounting inefficiencies and mis-allocated funds. Multiplied by several thousands of films per year on budgets ranging from US$1m to US$60m, this represents several billion US$ mis-appropriated from film investments. These practices affect cast and crews who seldom get paid in full (or in some cases at all) and on time for their services.
In addition, cast and crew are paid what they are due on time with automated smart contracts. The film output will be automatically registered on the chain, which should ensure the integrity of Intellectual Property Rights. Our transparency software named Elemis (2) will take the traditionally hidden flow of film production capital to bright daylight and facilitate transparency throughout the entire chain: from the development / pre-production stage to the delivery of the film.
(2) An acronym for Méliès, the name of the magician who invented early film special effects and who directed the classic Trip to the Moon (1902).
By using the immutability and the transparency features of blockchain technology, we aim to put film investors in control of their capital throughout the entire film production process. In addition, we aim to place the creative talent (cast and crew) as another set of nodes monitoring the flows of capital on the production. This system makes any attempt of corruption particularly difficult. It reduces the corruption on film productions and diminishes its costs dramatically.
ISSUE WITH INFORMATION BOTTLENECKS - DATA FLOW
1. Poor communication
2. Reputational risk
3. Data disclosure and control
FLOW OF CAPITAL:
1. Issues with Accountability
2. Issues with Transparency
3. Mis-Allocation of Capital
Partner distributed platform (blockchain)
Directly to the audience
To test Elemis, we have selected entertaining film projects that combine commercial viability and social conscience. We are selecting 7 film projects to make sure that we have the flexibility to have at least 3 projects immediately ready to go when we test the software over the next 3 years of Elemis development.
We have curated these projects based on their stories, the credentials of their teams, the quality of their cast, their progressive mindset, their socially-conscious themes, and their openness to play the Elemis transparency game.
This book explores the use of Blockchain and smart contract technologies to develop new ways to finance independent films and digital media worldwide. Using case studies of Alibaba and in-depth, on-set observation of a Sino-US coproduction, as well as research collected from urban China, Hong Kong, Europe, and the USA, Online Film Production in China Using Blockchain and Smart Contracts explores new digital platforms and what this means for the international production of creative works.
This research assesses the change in media consciousness from young urban audiences, their emergence as a potential participative and creative community within disintermediated, decentralised and distributed crowdfunding and crowdsourcing models.
Patrice Poujol, PhD
Founder and CEO
Patrice dived at the deep end of filmmaking when he was 7. He is now an EnTech research expert with 8 years of experience in the financial sector and movie finance and 12 years as a creative consultant and producer in the movie industry.
Currently residing in San Francisco, California, Diego is an entrepreneur with over 7 years of experience. Diego’s focus is currently on product management, but he has experience in various fields ranging from product analytics, business development and business strategy.
Director of Business Development
Sélim spent the last 10 years in China working both as an independent film producer and as a film buyer for Hishow Entertainment, one of the major Chinese foreign content distributors. He has an extensive knowledge of Sino-International film business and speaks fluently French, English and Mandarin Chinese.
Director of Technology
Gareth was fortunate enough to be exposed to the Bitcoin white paper in 2008. He has 20 years experience in software and hardware engineering, with the last decade being heavily tilted towards protocol-level blockchain development.
Brand Identity and UX
Service designer by training, Alice works as a user experience, digital transformation and circular economy design consultant. She has worked in the digital transformation space for 6 years, in Asia and Europe, in the public and private sector.
Frederik Hetsch, PhD
Frederik is an asset management and technology professional with over eight years of international experience in investments and technology research. He has a passion for clean energy infrastructure, sustainable development, and start-ups and has lived between Asia and Europe for the last 16 years.
Make the film industry a place where passion, creativity and transparency can flourish again.
Provide quality entertainment and share smart content with audiences worldwide.
Lumière goes to the Cannes film festival from May 14 to 23. Come and visit us to book a demo at Booth 20.01, Palais-1, Aisle 20BOOK HERE
On May 19th 2019
we will present at the
1st Cannes Blockchain Summit
Happy to see you there!GET IN TOUCH
on May 19th 2019
we will present at the 1st
Cannes Blockchain Summit
First Film Tokenised - Papicha Won 2 Cesar AwardsMORE INFO