Gehena Shetty -PGDMGEN-054 industry Nancy Patel- PGDMGEN- 042 Adil Shaikh- PGDMGEN- 050 Prakhar Gupta-PGDMGEN-019 FOCUS AREA MEDIA AND ENTERTAINMENT INDUSTRY Problem Piracy & Copyright Infringement Statement In the media & Entertainment industry internet and new communications technologies have made digital piracy of copyrighted works a serious global problem
Digital Piracy costs media and entertainment industry
economy money, jobs and tax revenue
Content consumptions methods have changed but tracking
payment have not, making the media industry right for disruption. Piracy & Copyright Infringement Sub-Problem Mapping Content creators have placed media behind subscription based paywalls, many consumers are unwilling to pay for an entire subscription due to high fees.
Illegal peer to peer file sharing of television shows, movies, Tv
shows or other content is very common.
Some of the end users of the content are not genuine
subscribers but are consuming original content through divided subscription.
When content is being pirated from an external device ( Like
recording from your phone while watching Netflix or even taking pictures of online paid articles etc.) Solution
Micropayments for content Consumer to consumer sales
Consumers are willing to pay a smaller fee to read an When consumers purchases or subscribe to article or binge-watch a season of a television show. pay blockchain-hosted content and then share it with a per use consumption could become feasible blockchain- friend, content owners could track and charge a fee powered micropayments. Blockchain’s ability to keep a for that distribution. This would create an comprehensive record of its data could allow for more additional revenue stream for content creators and accurate tracking of when and how copyrighted content is provide better transparency on how copyrighted consumed. A micropayment pricing model would normally assets are consumed and shared. be inefficient to implement, but its execution could be fully automated and cost-effective with blockchain. Blockchain’s ability to encrypt the data prevents Tracking of users to record content because when a user tries
data to record it will automatically decrypt the data
and when a third party tries to duplicate it, it blocks the user. Blockchain also helps to keep a comprehensive record of its data could allow for 125 more accurate tracking of when and how original content is being consumed. 100