Hollywood Studio Lionsgate Films in Talks to Accept Bitcoin

Lionsgate Films, the production studio behind titles such as The Hunger Games and The Day After Tomorrow, has partnered with GoCoin.

Apr 30, 2015 at 11:16 p.m. UTC
Updated Sep 11, 2021 at 11:40 a.m. UTC
CoinDesk - Unknown

Screen Shot 2015-04-30 at 7.25.49 PM

Lionsgate Films, the production studio behind titles such as The Hunger Games and Divergent, has entered into a partnership with digital currency payments processor GoCoin.

First announced by GoCoin CEO Steve Beauregard at Inside Bitcoins New York, the deal was confirmed by Lionsgate senior vice president Peter Wilkes.

Wilkes suggested that Lionsgate is working to integrate digital currency payments into the company's online store, and at "several upcoming branded events".

Wilkes told CoinDesk:

"We continue to explore innovative new technologies for connecting with next generation consumers, and we’re intrigued by the possibilities offered by bitcoins in our media space."

Beauregard elaborated on the announcement in conversation with bitcoin blog Follow the Coin, adding that GoCoin is seeking to appeal to other film studios as part of its customer acquisition strategy.

"We're going after the big studios to help onboard them and create more places where people can spend their bitcoin," he said.

Founded in July 2013, GoCoin allows merchants to accept payment in bitcoin, litecoin, dogecoin and Tether, while mitigating price volatility risk through payouts in US dollars, euros, pounds sterling and Singapore dollars.

Correction: A previous version of this report named The Day After Tomorrow as a Lionsgate film.

Image via Lionsgate

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
Binance's Bahrain License Upgraded for More Crypto Services

Binance Bahrain was granted a preliminary license in December and full license in March.

Binance Bahrain was granted a preliminary license in December and full license in March.

CoinDesk - Unknown
2
CoinDesk - Unknown
Gaming DAO Merit Circle and YGG Caught in DAO Governance Strife

Merit Circle members want to refund Yield Guild Games' investment and cancel an agreement between the two, claiming there’s not been enough value-add by the gaming guild giant.

Merit Circle members want to refund Yield Guild Games' investment and cancel an agreement between the two, claiming there’s not been enough value-add by the gaming guild giant.

CoinDesk - Unknown
3
CoinDesk - Unknown
Former Binance Execs Create $100M Fund to Spur Crypto Adoption in Emerging Markets: Report

Old Fashion Research was formed by Ling Zhang and Wayne Fu, previously Binance's vice president of M&A and head of corporate development respectively.

Old Fashion Research was formed by Ling Zhang and Wayne Fu, previously Binance's vice president of M&A and head of corporate development respectively.

CoinDesk - Unknown
4
CoinDesk - Unknown
Solana, Dogecoin Tokens Dip as Futures Suggests Bearish Sentiment

Choppy trading in broader markets failed to temper a gradual dip in major cryptocurrencies, with some sliding as much as 8% in the past 24 hours.

Choppy trading in broader markets failed to temper a gradual dip in major cryptocurrencies, with some sliding as much as 8% in the past 24 hours.

CoinDesk - Unknown