Film Industry Looks Toward Cryptocurrency To Combat Piracy By Rewarding Users To Watch Free Content

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Film Industry Looks Toward Cryptocurrency To Combat Piracy By Rewarding Users To Watch Free Content

Thu May 10, 2018 8:00 pm

While it’s common for moviegoers and film buffs to pay to consume content, piracy has become an ongoing issue. One of the driving forces behind pirating video content is the consumers’ desire to watch new content as soon as it’s released, without having to pay to see movies in theatres or through subscription-based platforms, like Netflix and Amazon.

According to Statista, in the United States, 48% of respondents have watched a movie after it left theatres, but before it was available to watch legally at home. An additional 24% have admitted to watching a pirated movie while it was still in theatres. In 2016, some of the most pirated movies worldwide included Deadpool, Batman v Superman, and Zootopia, while Game of Thrones was the most pirated TV series.

Yet as the 71st annual Cannes Film Festival kicks off, one of the highlights will be the NEXT programme, which focuses on innovation in the cinema industry through blockchain technology. Blockchain technology has the ability to solve prevailing concerns facing the film industry, such as piracy, digital rights issues and protecting user’s data.


https://www.forbes.com/sites/rachelwolf ... f66542d0c3

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