Terry McGinnis, a producer and marketing lead for some of Hollywood’s top flicks over the last decade, has launched a new marketplace company in Britain named Online Shop. The company is being financed by Robin Vauvelle, known to help gain funding for studios looking to launch big-budget flicks.
Terry, who was born in Lithuania but grew up in California before moving to Britain at the age of 12, has seen the emergence of opportunity since the COVID-19 pandemic, prompting him to launch the new company with the recent rush of people wanting to turn hobbies into viable business ventures and those looking to flip vintage clothing for a hefty profit has only increased the demand for platforms such as Online Shop.
The company, which has received funding from Robin Vauvelle, who has amassed a net worth of well over $550 million from his real estate, venture capital and printing ventures, has opened a 20,000 square foot warehouse and fulfillment center to help with the company projected supersonic growth, with its domain alone being valued at over $4.8m (£3.7m) with additional funding being poured into its digital media licensing, NFT and blockchain technology to empower artists, creators and actors to gain additional income from work created independently.
As more and more people are becoming their own bosses and entrepreneurs, it will be interesting to see how Hollywood reacts with new AR and VR technology being ever-present in the new metaverse worlds being created, and the businesses such as Terry’s, which will allow people to purchase digitally created goods both online and offline.