Q&A with Eric Brown of Wisemen Multimedia LLC
Chief Executive Manager
Principal Series:
Reactance Theaters™ provides a giant leap forward for independent content producers to mass distribute live content for theatrical release. This mass distribution system exclusively exhibits live content, including films, plays, music, comedy shows, and other related multimedia performances, that meet the standards of an independent film. It substantially shortens the life cycle of production, reducing costs, and maximizing profit. Leveraging the invention, live content can be announced as early as 180 days before it is exhibited theatrically versus an average of 871 days in the legacy Hollywood studio-monopolized distribution system. The system does not require post-production, further reducing the costs associated with the mass distribution of independent live content. The burden of content producers securing venues or locations to shoot, acquiring technology, and distributing their content is alleviated.
Join us for a private Family Office Insights Webinar featuring Eric Brown, Chief Executive of Wisemen Multimedia, LLC and his team to share how they built Reactance Theaters™, the world’s first mass distribution system for live independent content, including films, music, and more.
The Wisemen team has spent years inventing the patent-pending technology that powers Reactance Theaters™ and developing a business model that fulfills an unfulfilled business need while effectively addressing a modern social problem. The National Science Foundation (NSF) deemed this invention to be innovative technology with high societal impact and a potential industry disruptor. The team has created a brand-new technology that pushes the technical boundaries of the public internet and with it a new industry, new jobs, and a revolution for independent content distribution. Reactance Theaters™ will have a similar impact on the media industry as the introduction of Microsoft Office into the business world.
June 23, 2021 at 2:15pm-3:15pm EST
RSVP & Confirmation Required
Investors Only Please
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Traditional distribution deals for motion pictures can take years for a producer to monetize. How is the compensation model different with Reactance Theaters™?
Our Direct Licensing feature allows content producers to set the ticket price for their content and automatically pays them a percentage of all ticket sales electronically via ACH at the End of Performance (EoP). This is a significant improvement over the legacy distribution system.
How long does it take to produce live content via Reactance Theaters™?
The average traditional film takes about 871 days before it is shown in theaters. Pre-production takes about 146 days, principal photography about 106 days, and post-production usually begins about 301 days before the movie hits the big screen. This is all very time consuming and increases the risk of low return on investment (ROI). Reactance Theaters™ substantially shortens the life cycle of production and monetization to 180 days, reducing costs, and maximizing profit. Live content producers can make money before traditional films go into pre-production.
What is the cost savings for content producers to use Reactance Theaters™?
A film distribution company is responsible for the marketing and distribution of your films to the general public. Films can be distributed through theatrical, video on demand (Netflix, Hulu, Amazon Prime, etc.), DVD, and new media. Distribution is very expensive in this legacy system. Marketing budgets, at a minimum, must match production budgets up to $35,000,000 USD. There are two types of distribution: leasing and profit-sharing. With leasing, the distributor agrees to pay a fixed amount for the rights to distribute the film. With profit-sharing, the distributor gets a percentage of the profits made from the film. This percentage is usually between 10-50%. Printing costs are expensive too. For legacy distribution, each theater needs its own print of a film, which costs between $1,500 and $2,000 USD. Traditional films distributed via the legacy system require budget for pre-production, shooting, post-production, movie prints, advertising, and distribution. A major advantage of the invention is the Content Producer is not required to have post-production expenses or a Print and Advertising (P&A) budget. We call this Zero Cost Distribution.
Eric Brown of Wisemen Multimedia LLC
Eric Brown is a founder, Chief Executive Manager, and lead enterprise architect. He has been developing software and building enterprise class networks for more than two decades. He is the creator of the Ethan 6.7 Broadcasting Network© which powered Wisecast Television©, a digital IP-based, multi-channel television network that spanned the globe.
Contact Eric: eric.brown@wisemenllc.com