Blockchain In Media and Entertainment
Mitigate piracy of digital content and achieve greater visibility across content creation and distribution lifecycle.
Media and Entertainment Industry: Ripe for Blockchain Adoption
The media and entertainment industry faces challenges such as content commoditization, widespread piracy, and copyright infringements. Blockchain adoption in this industry can address these issues by reducing IP infringement, enhancing transparency in content ownership, and enabling monetization of copyrighted assets through smart contracts.
What Impact can Blockchain in Media Make?
The implementation of blockchain in media and entertainment can bring a significant change in the industry by enabling the following:
Power to Copyright Owners
Blockchain technology has the potential to empower copyright owners in the media and entertainment industry by eliminating the need for platform providers, content aggregators, and royalty collection associations. This decentralization can lead to greater control and direct monetization opportunities for creators.
Decentralized Payments
Blockchain technology has the capability to decentralize the collection of payments and advertising revenues in the media and entertainment industry. This decentralization can result in more cost-efficient payment transactions and automated revenue distribution through the use of smart contracts.
Greater Transparency
Blockchain's decentralized nature provides increased transparency in the media and entertainment industry by allowing the provenance of assets to be easily traced and the lifecycle of those assets to be tracked.
Use Cases of Blockchain for Entertainment Industry
Content Pricing
Blockchain technology can revolutionize the distribution and monetization of bite-sized content in the media and entertainment industry. By leveraging blockchain, copyright owners can easily track the usage of their material and ensure they receive fair compensation for their work in a cost-effective and accurate manner.
Bypassing Intermediaries
Blockchain technology enables artists to directly sell their digital music or videos to fans, bypassing traditional intermediaries such as record labels. This empowers artists to have more control over their work and enables a more direct and transparent revenue allocation from music streaming, whether it's from advertising or paid content. This can lead to a fairer distribution of revenues and a closer relationship between artists and their fans.
Royalty Distribution
Blockchain's transparency enables content owners to regulate peer-to-peer content distribution and explore consumer-to-consumer marketing. Legal sharing of paid content among users can generate additional revenue for copyright holders while fostering new business models.
Unrestricted Content Consumption
Blockchain simplifies or potentially eliminates the need for complex DRM systems by tracking transactions and consumption on the blockchain. Each user's activity is recorded, allowing for automatic payments based on smart contract terms for content.
Why Choose us for Blockchain Development for Media and Entertainment?
By partnering with Antier, you can rely on a team of technical experts with real-world experience delivering end-to-end blockchain services.