1 week ago
Monday, March 22, 2010
The SoKap Survey for Creative People
The SoKap platform designers are looking for ways to ensure that the platform they create matches the needs of its users. So if you're a creative-type, looking for a way to start getting attention and funding for your project, head here and fill out this short survey.
Sunday, March 7, 2010
Dave Geertz Answers Questions From Lucy Temple
Screenwriter Lucy Temple has asked some excellent questions of Biracy CEO Dave Geertz, which he answers in a short video. I've summed up the q&a period here, but I do recommend watching the video for more details on each question.
1. What happens if you don't reach your minimum financial goal?
A budget of $500,000 is the required minimum goal to actually begin the movie.
The ideal goal is to get 1 million members and with the varying membership levels from $25 to $200, that would mean a healthy and flexible budget. Not reaching the financial goal of 500K will mean the project does not go ahead.
2. What is the project deadline?
Cutoff date is 1 year from inception, that is Jan 1st, 2011.
3. Clarify what happens with Kaps (rewards points) distribution - when will they be converted into cash?
Kaps will be converted into cash directly from VOD and DVD sales from the site immediately. Traditional methods of distribution conventionally have a longer window of revenue return, but as soon as Biracy receives the money it will be handed out to the members according to their Kaps. The best way to increase a member's Kaps is to actively engage in selling the DVD from the website itself.
4. Is there a use-by date on Krill and Kaps?
Essentially they are valid as long as SoKap is a functioning platform - hopefully forever! The SoKap platform should be available to other producers soon. If you are not active at all for an entire three year period , 50% will go to charity, Binoir Media (the company behind Biracy and SoKap) will retain the remaining 50%.
5. How will you distribute the end film?
1. What happens if you don't reach your minimum financial goal?
A budget of $500,000 is the required minimum goal to actually begin the movie.
The ideal goal is to get 1 million members and with the varying membership levels from $25 to $200, that would mean a healthy and flexible budget. Not reaching the financial goal of 500K will mean the project does not go ahead.
2. What is the project deadline?
Cutoff date is 1 year from inception, that is Jan 1st, 2011.
3. Clarify what happens with Kaps (rewards points) distribution - when will they be converted into cash?
Kaps will be converted into cash directly from VOD and DVD sales from the site immediately. Traditional methods of distribution conventionally have a longer window of revenue return, but as soon as Biracy receives the money it will be handed out to the members according to their Kaps. The best way to increase a member's Kaps is to actively engage in selling the DVD from the website itself.
4. Is there a use-by date on Krill and Kaps?
Essentially they are valid as long as SoKap is a functioning platform - hopefully forever! The SoKap platform should be available to other producers soon. If you are not active at all for an entire three year period , 50% will go to charity, Binoir Media (the company behind Biracy and SoKap) will retain the remaining 50%.
5. How will you distribute the end film?
- On demand theatrical geo-mapping component, such as requesting it in your own theatre.
- DVDs ordered online from Vancouver DVD manufacturing company
- TV broadcast licenses.
- Hopefully some festivals when the invitations start rolling in.
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