Filmhub, which bills itself as a Substack-like solution for independent filmmakers looking to profit from streaming without forfeiting rights to their work, has raised a $6.8 million seed funding round.The round was led by a16z and included the participation of 8VC, FundersClub, Eleven Prime and several individual investors working in the tech sector.Along with the fresh resources, Filmhub said it is launching a new partnership with streaming service Struum, a neo-bundle founded by a group of former Disney and Discovery execs.
The teaming is centered on this month’s Slamdance FIlm Festival and will look to support and provide enhanced financial opportunities for filmmakers.Founded in 2016, Filmhub relies on the assumption that streaming is going to continue to reorder the traditional film business.
While a tiny fraction of emerging filmmakers still manage to nab splashy acquisition deals and gain marketing and distribution, the vast majority don’t.
In addition, the terms for traditional deals can be less than advantageous to the filmmaker, whereas Filmhub offers a straight 80%-20% split, with no up-front fee.Rather than having to fend for themselves, filmmakers using Filmhub gain access to more than 100 streaming platforms, among them major gateways like the Roku Channel and Amazon Fire TV.
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