WFCN
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Date of Foundation
2019

WFCN

Premier Film Festival Submission Platform

The Idea origin story

WFCN leverages digital technology to unite global entertainment, bridging gaps between filmmakers, producers, distributors and consumers to foster an ethical, sustainable film industry ecosystem. In collaboration with international film commissions, we set industry standards and use the web to transcend cultural barriers, making cinema a language of unity.

The Mission

WFCN aims to bridge the gap between creators, investors and consumers, fostering a sustainable, ethical entertainment ecosystem.

Clients

Film Industry Professionals and Audience

Problems we solve

Client’s problem

Film Festival Submission, Promotion & Monetisation of independent films

Confirmation of problem

The actuality of the problem is confirmed by ongoing struggles in film festival submissions and inadequate promotion and monetisation of independent films.

Solution

Our platform, WFCN, offers a comprehensive solution allowing independent creators to sell and promote their digital products such as films or music, bypassing intermediaries.

Our technologies

This solution is based on technologies

Our startup, WFCN, is a premier platform for film festival submissions. By using digital technology, we connect global entertainment stakeholders such as filmmakers, producers and distributors. We also aim to create an ethical and sustainable film industry ecosystem in partnership with international film commissions. Our primary users are film industry professionals and audiences seeking ease of submission, promotion and monetization of independent films.

How it works

WFCN democratizes the global film industry, providing a platform for independent filmmakers to find resources, submit work to festivals and connect with their audience.

Value for the client

With WFCN, independent filmmakers can create portfolios, network with professionals globally, and monetize their films directly.

Market and strategy

Market size

278.57

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

10

% of the market

Is our goal in the next 3 years

Team

My name’s

Shailik Bhaumik

My key role in the product

My key role is Founder and Chief Architect, and I'm responsible for strategic visioning, decision-making, technical design, and team leadership.

Team size and key members

CFO – Anirban Bose: Finance and Risk Management, CHRO – Piyali Sen: Talent Acquisition and Development.

Competitors

Competitors

There is no such a single platform which caters all our features Film Festival Submission, Professional Networking and Film Monetisation

Our Advantages

WFCN is a clear-cut network linking filmmakers to festivals. Through our professional platform, users can discover international opportunities, propel their creations, expand viewership and monetise their works utilising our community-based film economy model.

Business model

We earn an 8% platform charge from every film submission fee, a 30% distribution share when films are monetized via WFCN, and ad revenue.

Traction

We unveiled WFCN in 2019 but didn't start operations until August 2023. Since commencing our journey, we've experienced impressive growth with a steep rise in user registrations and film listings.

Within a three-year timeframe, we anticipate taking WFCN public through an Initial Public Offering (IPO) to bolster our growth and market presence.

Metrics

Our startup registers an engagement of 20,000 Monthly Active Users. With a focus on organic growth strategies instead of paid advertisements, we've successfully maintained our Customer Acquisition Cost at zero dollars. We also have recorded a promising Lifetime Value rate per user totaling $1000.

Our Gross Burn Rate is currently set at USD 10,000 per month. We have managed to maintain a Net Burn Rate of zero dollars, portraying financial stability. The sustainably infinite Runway complements the escalating Revenue Growth Rate which stands at a promising 15% per month.

Incorporation

Our company incorporated in

Palo Alto, California

Key risks

Main risks could include intense competition from established platforms, difficulty in securing partnerships with international film commissions, potential technological issues affecting user experience and legal complications related to the intellectual property of films.

Investments

$

$500000

We raised investments

Our Investors

I am the 100% Owner

Rising Investments

$

$3000000

Currently, we are raising investments

$

$500000000

Estimated pre-investment valuation of the company

We’re looking for a co-founders

I am currently the founder of a digital innovation venture called World Film Competitions Network (WFCN) that has rapidly grown since its inception. This venture focuses on democratizing the film industry by providing a platform for independent filmmakers to find resources, submit work to festivals, and network with professionals globally in order to monetize their films. Our platform has seen impressive growth with a steep rise in user registrations and film listings, registering an engagement of 20,000 Monthly Active Users. We are also financially stable as we have managed to maintain a Net Burn Rate of zero dollars and an escalating Revenue Growth Rate of 15% per month. We have identified a significant opportunity to capitalize on the gaps in the film industry ecosystem and improve the processes for film festival submission, promotion, and monetisation of independent films. Right now, we are actively seeking a co-founder who can help us accelerate our growth and capture greater market share. Ideally, our co-founder will have significant experience or interest in the digital

Open positions

We're looking for a talented and passionate Product Manager to join our dynamic team at WFCN, one of the premier film festival submission platforms. As a key member of the team, you will be responsible for managing our product lifecycle, collaborating closely with our design and development teams, and executing our product strategy. Your primary goal will be to enhance the user experience of our platform for film industry professionals and audiences alike, strategically addressing the complexities of film festival submissions, and aiding the promotion and monetization of independent films. You should have a deep understanding of our users' needs, be well-versed in new technologies, and possess strong problem-solving skills. You will work alongside our Founder and Chief Architect to deliver a product that transcends cultural barriers and unites the global entertainment industry. Come join us in reshaping the cinematic landscape, bridging gaps between creation and consumption and fostering a more sustainable and ethical entertainment ecosystem. Together, we can make cinema a language of unity.

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Additional information

Looking for an angel investor to fuel our rapidly growing, digital audio-visual innovation venture - WFCN. Our ask is $3M to amplify the momentum we've built within a year.

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