April 26, 2019

Linius to Disruptordaily.com: "Video monetization is the future of blockchain in entertainment"

Transformative change takes time to pervade well-practiced processes in any industry. Like education institutions persisting with pen and paper, or the economic tension between fossil fuels and renewable energy.

But, like any significant disruption, there’s early adopters, and then the pack descends. The interesting questions are: When will that tipping point occur? And what does the change look like in practice?

That’s exactly what blockchain news outlet disruptordaily.com examined in its feature, What’s The Future Of Blockchain In The Entertainment Industry?

Blockchain Entertainment

“This technology’s [blockchain’s] dilemma is the same as a hot art house film making its way around Sundance,” mused author, Sam Mire. “It’s new and promising, but you don’t know exactly what to expect. It requires a measure of faith to buy into, but the payoff could be far richer than any mindless blockbuster.”

Mire asked seven industry experts about the impact blockchain is having, and will have, on the global media and entertainment business -- including Linius’ own Chris Richardson (CEO).

“Monetization, including peer-to-peer transactions and incentives [is the future of blockchain in entertainment],” said Richardson. “If you can break video down into data so that it can be transacted inside the blockchain, it also becomes possible for a company or individual to receive micro-payments when portions of their IP are sampled or derivative works created.

“As demand for more granular rights increase, blockchain will be even more vital for proficiency with sales transactions, tracking and reporting, and ultimately to the publisher’s bottom line.

“Not only will content owners and studios be able to securely distribute video with guaranteed tracking, they'll also be able to better monetize it, with built-in payment gateways and automated royalty payments.”

You can read the full article HERE >

Where to next?

For more on how Linius is making video blockchain possible for the first time, check out the following resources:

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About Linius Technologies Limited:

Linius Technologies Limited (ASX: LNU) has invented and patented the Video Virtualization Engine™ (VVE), which is available on Amazon Web Services, Microsoft Azure and IBM Cloud.

Amazon, Microsoft and IBM are investing billions in virtualizing ‘video services’ (technologies) and Artificial Intelligence in the cloud[1]. It is arguably the biggest battle on the internet, given that video accounts for nearly 80 percent of internet traffic[2].

Only Linius can expose the data that makes up the video file, making cumbersome video as flexible as all other forms of data. Accessing the data within the video file is the missing link for video cloud service providers, creating unparalleled value across the internet video industry.

Linius’ VVE-powered Video Hyper-Personalization and Search Solution enables anyone to instantly search the data within video, from across an infinite number of sources, and automatically assemble the results in a single stream on-the-fly. No human hands required.

Linius is revolutionizing the way organizations and individuals across the globe produce, deliver and consume video, enabling previously impossible hyper-personalized video experiences.

It’s a breakthrough set to disrupt entire multi-billion-dollar industries. Linius is initially focused on delivering its Video Hyper-Personalization and Search Solution to six core markets: News and Media, Sports Broadcasters and Rights Holders, Education, Corporate Communications, Security and Defense, and Sports Betting.

For more on Linius Technologies, visit www.linius.com

For further information or interview requests, please contact:

Lachlan James, Director of Marketing and Communications, +61 (0)431 835 658, ljames@linius.com

For regular news and updates on Linius Technologies, click HERE >

Follow Linius Technologies on Twitter (@linius_tech), LinkedIn (Linius Technologies Ltd), Vimeo (Linius Technologies) and Facebook (@linius).

[1] RS Components, The Race for AI: https://uk.rs-online.com/web/generalDisplay.html?id=i/race-for-ai

[2] Cisco, Cisco Visual Networking Index: https://www.cisco.com/c/en/us/solutions/service-provider/visual-networking-index-vni/index.html

Jodi Cutler
Head of Media Marketing Linius
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