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The usual process of film production involves 4 steps: pre-production, post-production and distribution. This entire process is very extensive and too time consuming, taking about 1-2 months to complete. Not only is it expensive, costing over $5000, there is high payment risk with stakeholders not fulfilling payments. Talents and staff might not have the required skill, leading to unreliable quality. Lastly, due to lack of prior contractual knowledge, there is often an overall lack of legal paperwork to protect stakeholders.
Filmplace solves all of these issues by providing brands and content creators with a platform where they can confirm bookings within a few minutes, get full transparent pricing, be protected with auto-generated contracts, receive daily along with new up-to-date database information and last but most importantly, be protected from risk.
Filmplace is raising USD$1M through a price-equity round with a pre-money valuation of USD$4M.
Use of Funds
Current burn rate of USD$9K-USD$10K per month.
Filmplace has strong and established competition in Korea and the United States however, its competition does not combine the functions that Filmplace does and are not as efficient or cost-effective as Filmplace.