Subscriptions models are today the most popular way to consume films and music but they are all clones of each other. Basically, subscriber fees go to the platform owner and then they pay the content creators at their discretion. Usually as little and as late as possible. Also, there are bunch of intermediaries between the platform and the creators who all take their cut too!
Jules Lai (founder of Fabstir) announced at a film industry event in Soho London, the world’s first decentralised subscription model. Here subscriber fees pay the content creators and the platform immediately at the same time at the pre-agreed royalty rates. Creators get the full analytics and transactions can be verified by usual 3rd party blockchain scanners. At last creators will know how much they actually earned, something you don’t receive from traditional subscription models.
This should completely revolutionise the creative industries towards a fairer, transparent and a free market democratic system, and provide the gateway for massive volume of media to decentralised storage such as Sia Tech (our sponsor partner) and IPFS.
Fabstir's user interface is as easy to use as existing streaming platforms, with access to a catalogue of content and simple click-to-watch/listen functionality.
Fabstir Media Player is the interface to these new decentralised subscription models. Fabstir Ecosystem is the suite of platform technologies designed for a media business to go direct-to-consumer with decentralised buy, auction and subscription models. Email info(at)fabstir.com for more info.
