RNR has introduced a new financial technology platform for film copyrights called Cine Marketplace 2.0, which the company says allows individuals to invest and trade partial ownership stakes in film copyrights.
RNR is run by founder and CEO Ray Seok, who is based in South Korean. RNR designs, builds, and operates more than 2,500 commercial movie theatre screens across Asia. The company also offers proprietary content delivery platforms and theatre operation automation solutions.
RNR’s premium bespoke micro cinema platform, Monoplex, is a one-stop shop, playing first-run Hollywood films in location partners’ commercial venues. Partnered hotels, resorts and high-end community centers can run Hollywood movies at the same time as traditional multiplex cinemas.
The company says Monoplex manages cinema remotely, and handles ticketing, film licensing, box office settlements, and reporting. Partners can seamlessly operate a genuine commercial cinema.
This ownership allows for financial benefits over the copyrights’ 70-year life span. Through collaboration with a major securities firm in South Korea based on blockchain technology, CMP 2.0 plans to launch its beta service in the second half of 2023.