StoryCo to Reward 50% of Profit of THE DISCO BALL IP to Community of Creators and Fans
LOS ANGELES, July 20, 2023 /PRNewswire/ -- StoryCo, an upstart entertainment platform seeking to democratize the outdated mode of creating entertainment content, today announced two new initiatives: "Co-Create" and "Profit Points." With Co-Create, they will redefine the way stories are created and told by leveraging global, networked creativity, and Profit Points will allow these co-creators to participate in the financial upside of their creative input. There will be a total of 500 million Profit Points reserved for creators and contributors to THE DISCO BALL, representing 50% of StoryCo's total profit from the the IP.
- There will be a total of 500 million Profit Points reserved for creators and contributors to THE DISCO BALL, representing 50% of StoryCo's total profit from the the IP.
- StoryCo's groundbreaking approach to creating Hollywood-caliber stories offers a way forward in an entertainment landscape recently marred by industry strikes.
- A "Co-Create" is an invitation to participate in the creation of key elements of the stories on the StoryCo platform.
- Profit Points, meanwhile, are the foundation of the reward system StoryCo has developed to allow creators and fans the ability to share in the upside potential of IP created on the platform.