How Web3 Can Prevent Hollywood Strikes – Replay Joins Cointelegraph Accelerator
The Hollywood strikes echoed the lopsided distribution of value in the video streaming industry: Blockchain can change that.
c Gc=.jpg 1x, https://images.cointelegraph.com/images/960_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zZmE3ZTQzYzVmNTkwYTA0ZDA1MWZlY2EwZGY4YjA2OS5 q cGc=.jpg 2x" src="https:// alt=" How Web3 Can Prevent Hollywood Strikes - Replay Joins Cointelegraph Accelerator" class="lazy-image__img type:primaryImage"/> CT Accelerator Join us on social networksStreaming video is one of the fastest growing markets in the world, with the OTT video industry alone expected to reach $200 billion by 2023. Short for "over-the-top" video , the OTT video ecosystem includes video on demand. video as well as ad-supported video content, and it is primarily driven by the growth of established web2 streaming platforms including Netflix, Hulu and Disney+.
Video Streaming Market Expected to Grow 14.3% CAGR. Source: Replay
While reports forecast $300 billion in revenue for the streaming video industry by 2027, the industry's lopsided revenue-sharing mechanisms create an unhealthy balance between value creators and the platforms distributing this content. The centralized nature of the video streaming ecosystem allows for opaque distribution and allows platforms to capture the vast majority of revenue, leaving minimal value for video creators.
While businesses – ranging from talent agencies to tech projects – exist to negotiate and license content on behalf of the creator, they fail to track their revenue accurately and rely primarily on manual recordkeeping. registers. The recent strikes by the Writers Guild of America (WGA), the Directors Guild of America (DGA) and SAG-AFTRA, the union representing actors in the United States, remind the film industry that the workers behind streaming shows are grossly underpaid and misinformed. when they get paid next, highlighting the problems of the trade...
The Hollywood strikes echoed the lopsided distribution of value in the video streaming industry: Blockchain can change that.
c Gc=.jpg 1x, https://images.cointelegraph.com/images/960_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zZmE3ZTQzYzVmNTkwYTA0ZDA1MWZlY2EwZGY4YjA2OS5 q cGc=.jpg 2x" src="https:// alt=" How Web3 Can Prevent Hollywood Strikes - Replay Joins Cointelegraph Accelerator" class="lazy-image__img type:primaryImage"/> CT Accelerator Join us on social networksStreaming video is one of the fastest growing markets in the world, with the OTT video industry alone expected to reach $200 billion by 2023. Short for "over-the-top" video , the OTT video ecosystem includes video on demand. video as well as ad-supported video content, and it is primarily driven by the growth of established web2 streaming platforms including Netflix, Hulu and Disney+.
Video Streaming Market Expected to Grow 14.3% CAGR. Source: Replay
While reports forecast $300 billion in revenue for the streaming video industry by 2027, the industry's lopsided revenue-sharing mechanisms create an unhealthy balance between value creators and the platforms distributing this content. The centralized nature of the video streaming ecosystem allows for opaque distribution and allows platforms to capture the vast majority of revenue, leaving minimal value for video creators.
While businesses – ranging from talent agencies to tech projects – exist to negotiate and license content on behalf of the creator, they fail to track their revenue accurately and rely primarily on manual recordkeeping. registers. The recent strikes by the Writers Guild of America (WGA), the Directors Guild of America (DGA) and SAG-AFTRA, the union representing actors in the United States, remind the film industry that the workers behind streaming shows are grossly underpaid and misinformed. when they get paid next, highlighting the problems of the trade...
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