In an innovative move, a new platform called Olyn is transforming the way films reach audiences. This startup, founded by four entrepreneurs, aims to provide filmmakers with a powerful tool for distributing their work directly to consumers. Unlike traditional streaming services like Netflix or Amazon, Olyn enables creators to retain up to 90% of their revenue while leveraging social referrals and influencer partnerships. This novel approach could significantly impact independent filmmakers who often struggle against the marketing budgets of mainstream platforms.
In the heart of California, Olyn was established by Ana Maria Jipa, Jeremias Buireo, Kiran Thomas, and Malcolm Wood. The platform offers filmmakers a comprehensive suite of tools that mimic the functionalities of major streaming services, including DRM protection, 4K streaming, geo-targeting, and detailed analytics. By embedding purchase links within blogs, social media posts, and other content, influencers and critics can help promote films directly to their followers. This peer-to-peer model bypasses traditional intermediaries, allowing filmmakers to build and engage with their audience more effectively.
One of the key benefits of Olyn is its ability to combat piracy. Many users resort to illegal sources when films are unavailable in their region. With Olyn's global reach, filmmakers can offer immediate access to their content, reducing the likelihood of piracy. Additionally, the platform provides valuable insights into viewership patterns, helping creators tailor future projects and marketing strategies.
Perry Trevers, a producer at Studio POW, highlighted the advantages of using Olyn for distributing "Midas Man," a biopic about Beatles manager Brian Epstein. According to Trevers, this platform empowers filmmakers to take control of their distribution process, fostering a direct connection with their audience. While major streamers offer lump-sum licensing deals, Olyn allows creators to monetize based on actual viewership, providing a more sustainable revenue model.
The potential of Olyn extends beyond just indie films. Wood, one of the co-founders, envisions the platform as a versatile tool that can be used across various markets. For instance, filmmakers can sell rights to specific regions while utilizing Olyn for direct-to-consumer sales in others. This flexibility opens up new opportunities for creators to maximize their earnings and reach broader audiences.
However, challenges remain. Olyn must compete with the convenience and scale of established streaming giants. Moreover, the platform needs to carefully manage content quality to avoid attracting inappropriate genres such as adult films. Despite these hurdles, Olyn's founders are committed to creating a space where filmmakers have full control over their distribution, ultimately moving towards a full SaaS model.
Olyn has raised $2.8 million in funding, primarily from U.S. VC firm Hard Yaka and angel investors. As it continues to evolve, the platform represents a promising step forward for the film industry, offering a fresh perspective on how movies can be distributed and consumed.
From a journalist's viewpoint, Olyn's emergence signifies a significant shift in the entertainment landscape. By placing power back in the hands of creators, this platform not only supports artistic independence but also fosters a more equitable distribution system. It will be intriguing to observe how Olyn evolves and whether it can successfully challenge the dominance of traditional streaming services.