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Slate Entertainment Group has decided to Combine the Head-Scratching Worlds of Cryptocurrency and Hollywood Accounting for Greater Transparency



Slate Entertainment Group has announced the development of its new multi-layered entertainment ecosystem powered by advanced blockchain technology. SEG is a highly-skilled amalgamation of entertainment, business and technical expertise and will be led by CEO Michael Moyal. Respected industry banners such as XYZ Films, as well as senior film executives originating from leading companies such as eOne, will serve on the company’s Business Development and Advisory Board. Driven by a cryptocurrency designed for mainstream adoption, the company plans to launch two robust platforms to compete with leaders in the streaming video and electronic ticketing sectors.

Binge™ is a decentralized streaming video on demand platform and will be the first service to provide premium content using distributed ledger technology. The Binge blockchain video on demand (BVODΓ€) network will introduce an industry-first business model of equitable compensation based on complete economic transparency. As a result of blockchain technology, the platform will have the ability to deliver low cost, high-speed, high-definition video globally, as well as transparent real-time payments and view metrics. Binge will provide equitable sharing of not only the economic waterfall between content provider and creator, but of valuable data that will help creators produce better content. Strategic content acquisition will continue at the Cannes Film Festival next month.

Slatix™ is a tokenized ticket application that will provide forgery resistant event tickets at near-zero fees. The application will provide for the discovery of content through a curated ratings-and-reviews system. Repeat users and contributors will earn loyalty rewards and discounts to entertainment activities such as movies, concerts, plays, and sporting events.

Both platforms will be powered by SEG’s blockchain entertainment utility protocol underpinned by a cryptographically secure multi-layered network. In addition to traditional methods of payment, the platforms will accept Slate™, a digital token of the entertainment economy providing access to cutting-edge entertainment. Built on blockchain technology, its distributed, immutable ledger enables secure payments and structured incentives.

Michael Moyal stated: “to execute on this initiative, we have assembled a talented team of professionals with diverse skill-sets. Our objective is to strategically disrupt the current entertainment ecosystem using blockchain technology and corporate integrity. Our business model of complete transparency is intended to enrich the entertainment experience for consumers by fairly compensating producers for the value they create. The Slate Ecosystem is committed to enhancing an industry that is essential to so many.”

SEG plans to have both platforms operational within the next twelve months and is now aggressively acquiring and producing original content for the Binge platform. The company is also working with early adopters on initiatives that could see event tickets being purchased through the Slatix application, using Slate as payment, as early as Q3 2018.

Nate Bolotin, XYZ Films co-founder and SEG Board Advisor said: “We believe that eliminating corrupt intermediaries and unnecessary barriers in the entertainment industry and creating a more efficient and transparent content delivery system is the future of distribution and consumption. ‘Blockchain’ is a buzzword right now, but when it comes to powering the distribution of premium content, Binge truly has the capability to connect talented storytellers to consumers with unparalleled transparency and access like never before.”

The Binge network will utilize the power of blockchain technology to facilitate the global streaming of content through a sophisticated series of Masternodes which will serve as the platform’s content storage and delivery protocol. Distributed ledger technology will also enable the transparent sharing of behavioral analytics with content creators in order to better identify and satisfy consumer tastes. SEG intends to compete on the basis of premium content with leading centralized streaming service providers such as Netflix, Amazon Prime and Hulu.

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