Are you a movie buff? Do you like buying movies on DVD and save them to watch whenever you feel bored? And finally, are you a bitcoin enthusiast? If the answer is yes on all the three counts, then there is some good news for you. Lionsgate Shop, the online store belonging to Lionsgate Films now accepts bitcoin payments and those paying with bitcoin can avail an additional 25% discount on their purchase.
Lionsgate films is a Canadian American movie production and distribution company. Headquartered in Santa Monica, California the company is a subsidiary of Lionsgate Entertainment. The company has taken an interest in bitcoin and it has also include bitcoin as an additional payment option on its online store — LionsgateShop.com.
With the introduction of bitcoin payments, Lionsgate will now be able to sell DVD and Blu-ray copies of its movies and TV shows for bitcoin. In order to promote the new payment option, Lionsgate is now offering an attractive discount offer on its LionsgateShop.com, the online store where people can buy movies or TV shows. The discount of about 25 percent is applicable on selected movies and TV shows from 2015 and especially for those who opt to pay for their purchases in bitcoin. The offer will be available till the end of this month.
Lionsgate films has partnered with GoCoin, a bitcoin payment processor to accept bitcoin payments on its site. Apart from bitcoin payment option, the company is also interested in exploring new opportunities with bitcoin and blockchain technologies.
The company is currently using bitcoin for retail sales of DVDs and Blu-ray discs where the customers are individuals. Lionsgate can soon extend the same into its movie production and distribution channel as well. Apart from using bitcoin as a currency, the technology behind it can be used for a lot of other applications including inventory, rights management and more.