NFT-Funded Film 'The Quiet Maid' Secures Global Sales Deal at Iberseries
TLDR:
- “The Quiet Maid,” previously known as “Calladita”, secures a global sales deal at the Iberseries conference in Madrid.
- FilmSharks, an Ibero-American entertainment company, acquires worldwide sales rights for the film, marking a significant moment at the intersection of cinema and blockchain.
- The film portrays the journey of a Colombian maid working for a potentially deceptive Spanish family on Catalonia’s coast, originating from a short film by Spanish filmmaker Miguel Faus.
- Financing for the project was powered by NFT sales, raising a substantial $750,000 production budget, with director Steven Soderbergh contributing an additional $100,000.
- While blockchain played a pivotal role in funding, the film’s artistic success remains independent, with its world premiere at the Tallinn Black Nights Film Festival highlighting the potential of blockchain in filmmaking.
The highly anticipated feature film formerly known as “Calladita” by Spanish filmmaker Miguel Faus, now titled “The Quiet Maid”, has clinched a worldwide sales agreement.
FilmSharks, an Ibero-American entertainment company, has acquired the global sales rights for this remarkable film, signaling a significant step forward in the intersection of cinema and blockchain technology.
“The Quiet Maid” portrays the journey of a Colombian maid as she navigates the challenges and triumphs of working for an opulent yet potentially deceptive Spanish family on the picturesque coast of Catalonia.
The film’s narrative roots can be traced back to a short film created by Faus, which gained recognition on the festival circuit and eventually found a home on the streaming service Max.
🔥 OFFICIAL TRAILER 🔥
— Miguel Faus 🎥 CALLADITA FILM (@miguelfaus) October 6, 2023
CALLADITA / THE QUIET MAID, the First European Movie ever funded by NFTs, is Coming Soon. pic.twitter.com/G82J75zPkL
NFT-Powered Funding: A New Wave in Filmmaking
Miguel Faus’s innovative approach to film financing sparked waves in the industry.
He leveraged a 15-minute short film to initiate the sale of NFT passes, with the aim of raising funds for an extended feature-length version of the same compelling story.
The NFT sale was an unprecedented success, amassing a remarkable $750,000 production budget.
These unique NFT passes not only provided holders with exclusive behind-the-scenes access to the film’s production but also granted them control, facilitated by a decentralized autonomous organization (DAO), over a portion of the film’s future earnings.
A Hollywood Boost: Steven Soderbergh Steps In
Filmmaker Miguel Faus also received a significant boost for his project when renowned director Steven Soderbergh, known for classics like “Ocean’s Eleven”, awarded him a generous sum of $100,000.
This financial support came from an on-chain fund established in partnership with Decentralized Pictures.
The fund was specifically designed to assist promising filmmakers who are open to non-traditional methods of film financing.
Blockchain-Backed Success, Artistic Independence
While the film’s journey to fruition was undeniably powered by blockchain-backed financing, Faus emphasizes that the technology’s role extends only so far.
He believes that blockchain and NFTs played a pivotal part in realizing the project but should not be mistaken for defining the film’s artistic quality.
Faus states, “I don’t think any success of the movie will come from the innovative and decentralized way it was funded.
“That was a success in its own right, but now the film has to find its audience and will appeal to them, or not, independently of how it came to exist.”
A Glimpse into Film3 and Blockchain’s Impact
“The Quiet Maid” is set to make its world premiere next month, competing in the First Feature category at the esteemed Tallinn Black Nights Film Festival in Estonia.
This milestone marks a significant moment in the Film3 category, demonstrating the increasing intersection of blockchain technology and the world of cinema.
While Web3 and blockchain are still on their journey to widespread adoption outside the cryptocurrency realm, films like “The Quiet Maid” stand as testaments to the potential of innovative financing methods in shaping the future of filmmaking.
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