News New Alliance Seeks To Steer Blockchain Development In Hollywood

New Alliance Seeks To Steer Blockchain Development In Hollywood


- Advertisment -

December 19, 2018 9:06 PM

Hooray for Hollywood.

Yesterday, December 18, a group of entertainment companies announced it has formed an alliance to promote blockchain adoption in the industry and develop best practices and standards.

The Blockchain Global Entertainment Alliance (BGEA) includes Millennium Media, Capstone Group, FilmTrack, RightsTrade, and Havoc TV (US); Nu Boyana Studios (Bulgaria); Purely.Capital and Berkley Media Group (UK); Home Box Office Singapore; CineMundo (Portugal); Cinemarket (Germany); Cinezen (Sweden); Scanbox Entertainment and Take One (Scandinavia); and PlayArte Pictures (Latin America). The group will initially have no representation from the major American studios or distributors – though Millennium did produce “The Expendables” movies as well as “Olympus Has Fallen.”

The BGEA wants other media companies to understand the potential uses for blockchain tech. “Despite virtually all content being distributed on digital devices, the recording, management, transfer, licensing and collection of revenues remains a primarily slow and analog process,” said Wayne Marc Godfrey of Purely.Capital. “The opportunity to deliver a frictionless, secure and trusted backbone to the entertainment industry … is incredibly exciting.”

The alliance plans to complete a report by January introducing blockchain to the entertainment industry and how the technology relates to the industry. In the meantime, it’s looking to add members.

Hollywood is not unfamiliar with blockchain. Blockchain technology has been pursued by media companies to simplify distribution, rights management, archiving, and copyright protection. Johnny Depp, for example, has partnered with blockchain platform TaTaTu to produce and promote movies and digital content.

Frederick Reese is a politics and cryptocurrency reporter based in New York. He is also a former teacher, an early adopter of bitcoin and Litecoin, and an enthusiast of all things geeky and nerdy.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Hollywood, Blockchain Global Entertainment Alliance or other Ethereum application news.

Source link


Please enter your comment!
Please enter your name here

Latest news

Bitcoin SV has found a new niche in the gaming industry

Gaming companies and online casinos are increasingly paying attention to cryptocurrencies as a possible payment tool. Several...

Why could GLBrain become a great solution to receive support during the crisis?

To support smaller and medium-sized businesses during the ongoing crisis, GLBrain offers services cost-free for all Austrians....

Make Fast and Secure Trades Using is a Cryptocurrency trading platform that allows users to buy and sell their Cryptocurrency in a...

Network Security Using Cryptography: Everything you need to know

This article will describe what is Network Security Using Cryptography and everything you need to know before...
- Advertisement -New Alliance Seeks To Steer Blockchain Development In Hollywood

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came under new ownership in December 2019. Since taking over the exchange,...

Fungibility: Bitcoin Mixers Favorite Term That No One Understands

Fungibility, perhaps the most important concept when dealing with a decentralized and anonymous currency, but does bitcoin...

Must read

Bitcoin SV has found a new niche in the gaming industry

Gaming companies and online casinos are increasingly...
- Advertisement -

You might also likeRELATED
Recommended to you