ProducerBazaar.com describes itself as India's unique online marketplace to buy, sell and negotiate movie rights digitally with the help of blockchain technology. Ensuring transparency in movie-related deals is its vision.
The news is that Producer Bazaar has joined hands with betterinvest.club in order to help film producers with making money at a discount after they have struck OTT, audio, satellite and dubbing rights.
"When a Telugu film producer clinches different pre-release, non-theatrical deals, he doesn't receive the agreed-upon money immediately. It's released in installments by the party. This keeps the producer's interest costs high. In order to help such producers, we give them large funds at a discount based on the sale agreements," the promoters said in a statement.
The fund transfer would be made in one go within seven to ten days, said betterinvest.club's CEO Pradeep Somu. Producerbazaar.com's CEO Vijay D said, "Our agenda is to relieve film producers from the burden of a high amount of interest costs. We are going to render our services not just to Telugu producers but also to Tamil, Malayalam and Kannada film producers."