Top Industry Leaders in the Blockchain Media Entertainment Market
Latest Company Updates:
May 2023
The Indian media and entertainment company Shemaroo Entertainment has partnered with the Near Foundation, a non-profit that supports blockchain funding and ecosystem growth. Through this collaboration, they will establish a Web3.0 innovation lab with the goal of unlocking opportunities for decentralization, transparency, and immutability in media and entertainment. Shemaroo will leverage Near Foundation's blockchain infrastructure and smart contract capabilities to build new products and services. Shemaroo Entertainment Ltd has been a major player in India's media and entertainment industry for the past 60 years. The company has joined forces with the Near Foundation, a non-profit supporting the Near blockchain, which is said to be the world's fastest growing, open source, climate neutral blockchain.
March 2023
Mysten Labs, a web3 infrastructure company and creator of the Sui Layer 1 blockchain, has partnered with Orange Comet, a leading gaming and entertainment studio focused on next-generation experiences. Under this partnership, Orange Comet will use Sui to launch three upcoming games: Final Stardust, Degens & Dragons, and The Walking Dead: Lands.
Some of Blockchain in Media and Entertainment Companies Listed Below:
- IBM Corporation
- SAP SE
- Microsoft Corporation
- Amazon Web Services
- Oracle Corporation
- Accenture
- PLC BTL Group Voise
- Infosys Limited
- Factom Inc.
- Bitfury USA Inc.
- GuardTime AS Nyiax Inc.
- MetaX Auxesis Group
- ClearCoin
Strategies Fueling Growth:
- Content Security and Transparency: Blockchain's immutable ledger provides auditable records of ownership and distribution, safeguarding content from piracy and unauthorized access.
- Frictionless Rights Management: Smart contracts facilitate automated royalty payments and licensing agreements, streamlining complex rights distribution processes.
- Direct-to-Consumer Models: Blockchain enables secure and efficient micro-transactions, opening doors for innovative fan engagement models and direct artist-to-fan monetization.
- Tokenization and Fractional Ownership: Tokenization of film rights, music catalogs, or artwork allows for fractional ownership and democratizes access to traditionally illiquid assets.
Market Share Decoding: Key Factors to Consider:
- Solution Breadth and Depth: Companies offering comprehensive solutions addressing multiple M&E pain points stand to gain an edge.
- Technical Expertise and Security: Robust blockchain infrastructure, secure protocols, and data privacy compliance are crucial for building trust and user adoption.
- Industry Collaboration and Partnerships: Collaboration with established M&E players and technology providers accelerates market penetration and ecosystem development.
- User-Friendly Interfaces and Integration: Simplifying blockchain technology for mainstream users and seamless integration with existing M&E workflows are essential for wider adoption.
New and Emerging Stars: Lighting the Path:
- Decentralized Content Platforms: Livepeer, Theta.tv. These platforms enable peer-to-peer content distribution, circumventing centralized intermediaries and offering creators greater control and monetization opportunities.
- NFT Marketplaces: Rarible, OpenSea. These marketplaces allow for the buying and selling of tokenized content (NFTs), opening new avenues for artist monetization and fan engagement.
- Virtual Reality and Metaverse Platforms: The Sandbox, Decentraland. Blockchain integration in VR and metaverse experiences paves the way for secure ownership of virtual assets and immersive entertainment experiences.
Investment Trends: Where the Capital Flows:
- Scaling Blockchain Infrastructure: Investments are increasing in building scalable and sustainable blockchain infrastructure to support growing M&E content and user traffic.
- Interoperability and Standardization: Development of cross-chain communication protocols and standardized data formats promotes wider adoption and ecosystem interoperability.
- User Experience and Developer Tools: Simplifying blockchain tools and interfaces for creators and consumers attracts users and fosters developer communities.
- M&E-Specific Blockchain Solutions: Investments are pouring into specialized solutions like decentralized film financing platforms and NFT ticketing systems.