Inventors:
Timothy Maxwell Keiser - Los Angles CA, US
Matthew Lederman - Los Angeles CA, US
International Classification:
G06Q 40/00
Abstract:
This invention is a computer-aided method that allows individuals to finance and speculate via advance purchases on the success of films, and various other media projects. To fund their projects, producers transmit or upload a project offering, consisting of future copies of the project with embedded rights to potentially participate in future revenue streams, to a programmed server and the programmed server accepts bids from consumers in the form of reservations to purchase these future copies. The price of the future copies does not change, only the potential revenue split, as applied to all future copies, resulting in a yield auction. The yield auction stays open until consumers and producers arrive at a mutually acceptable revenue split and all available future copies have been reserved. At that time, a group debit occurs, debiting consumers for their future copies and the funds are made available to the producer to make their project. After the project has been completed, the consumer receives a copy of the project they reserved during the yield auction and begins to receive any additional ad and sales revenues per each copy of the project per the terms that were agreed upon during the yield auction process.