The company positions itself as enabling paid-for peer-to-peer streaming, by connecting movie producers and sales agents directly with their audience.
Backed by a trio of companies — Cinemarket, White Rabbit and LeapDAO – it launched in Cannes last month.
The company is currently attempting to raise EUR1 million in a funding round that will close at the end of June. It says it has over EUR500,000 of financial commitments.
French production companies Haut et Court, Elzevir and Le Bureau “have invested their library and have committed to investing cash,” Motion told Variety. “It’s important for us that the film industry owns the technology and is represented on the board of Motion.”
Motion says it is significantly different from the rights trading platforms and streaming services, such as Trx, BidSlate