Industry Report: Bitcoin Takes Over Television and Music
Bitcoin becomes the latest TV star, digital currency overruns the music industry, and a new competition is in the works for crypto-hounds. Want to catch up on your latest tech and digital currency news? Take a look at the stories below. STARTUP: A Bitcoin-Based Television Drama. A new drama called StartUp is set to begin a 10-week run on Sony’s streaming platform, Crackle. The plot will feature a group of computer hackers locked in a digital currency scam while fighting the FBI. Brian Stoeckert of Stratis Advisory served as a consultant on the show. He said that the program will be a good....
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Our London correspondent Nick Ayton investigates the music, television and film industry where the "fat cats" won’t be quite so happy and content with life in the next few years. Huge profits. The global entertainment industry is worth over a staggering $500 bln globally, but nobody really knows for sure. Roughly broken down: TV & video $300 bln, music $45 bln,film $38 bln and the amount of television being watched, cinemas being visited and music listened to has done well in recent years. With the majority of the money being made ending up in the hands of a few at the top of....
According to a recent report from the Financial Times, music streaming is set to overtake CD and vinyl as the largest generator of income for British record labels in 2017. The report states that as more people opt for subscriptions to streaming services such as Spotify and Apple Music, revenues in the sector were pushed to a five-year high last year. Total income generated by the U.K. music industry increased by 5 percent to £925 million ($11.6 million) in 2016, from £881 million ($11.1 million). Yet despite the popularity of the music industry, musicians often find themselves unfairly....
The music industry has lived through several so-called revolutions when either the “video killed the radio star” or MP3 killed the record sales or Spotify disrupted the way we consumed music, and so on. However, rather paradoxically the industry has never changed that essentially, at its core which is its relationship with artists contracts, payments, licensing and copyrights. With good reason, one could call the current state of the music business “managed chaos” where its players record labels and publishers benefit from it. It takes months and years to pay out royalties to artists and....
The past few days have been very productive for the Sandbox metaverse, music and the NFT industry. Some of the music industry’s top brass are making a beeline for the NFT market and the virtual sphere. Major music labels, including Universal Music Group, Sony Music, Warner Music Group, and Tencent, have all gone virtual. Since […]
From creating a music library for film and television to licensing blockchain-native content, projects are bringing music to the blockchain. While critics use the bear market as an opportunity to pounce on crypto and belittle its value, some projects take this chance to develop and launch industry-disrupting platforms on the blockchain. In July, firms launched or revealed their intentions to construct blockchain-based music licensing platforms that aim to change the way songs are licensed by reducing costs, removing intermediaries and bringing all of blockchain’s inherent benefits to the....