Fun

Hollywood Has Future in Blockchain, NFTs Says Outgoing Warner Media CEO

News Feed - 2022-04-07 09:04:37

Hollywood Has Future in Blockchain, NFTs Says Outgoing Warner Media CEO


Jason Kilar, the outgoing CEO of Warner Media, has touted blockchain as a technology that could transform the entertainment industry. He also said the tech could bring about new forms of financing. Transforming the Entertainment Industry


The outgoing CEO of Warner Media, Jason Kilar, has said the future of Hollywood is in the blockchain, a technology he sees transforming the entertainment industry. According to Kilar, this is especially true now, in an era where the process of buying digital collectibles has become much easier.


As per a Reuters report, Kilar likened the technology’s potential to that of a digital versatile disc (DVD) before it went mainstream.


“I think that’s going to be a potential wave that’s going to be coming to Hollywood, in the same way that the DVD wave came to Hollywood in the ’90s,” Kilar is quoted explaining, regarding his thoughts on NFTs and blockchain technology.


The outgoing CEO did concede that while DVDs were ultimately successful they changed the economic fortunes of many entertainment companies, including those of Warner Media. Still, for Kilar, who is known to push for the adoption of technology and changes in the entertainment industry, the blockchain could also present new forms of financing.


Warner Media’s Response to the Pandemic


According to the report, which chronicles Kilar’s journey in the entertainment industry, the outgoing CEO joined Warner Media in 2020 when the Covid-19 pandemic was spreading. During this period, which was characterized by lockdowns and severe restrictions on human movement, Kilar is reported to have introduced a new way of bringing movies into homes.


Instead of waiting for a certain period to pass before releasing a movie for home viewing, the CEO reportedly initiated the practice of releasing new films in theaters and on the HBO Max streaming service on the same day. This move is believed to have helped HBO Max and the HBO cable TV network bring in 73.8 million new subscribers. Tags in this story Blockchain, Digital Collectibles, DVD, HBO Max, Jason Kilar, NFTs, technology, WarnerMedia


What are your thoughts on this story? Tell us what you think in the comments section below. Terence Zimwara


Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route. Ukraine Pushes for Membership in European Blockchain Partnership BLOCKCHAIN | Mar 30, 2022 WWE Inks Long-Term Deal With Fanatics to Push Official Merchandise, Trading Cards, and NFTs BLOCKCHAIN | Mar 29, 2022


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleGamified Financial and Crypto Education: How Dohrnii Is Changing the Game Next articleAscendEX Lists Concordium, CCD Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItPolygon Announces Zero-Knowledge Identity Platform for Web3


On March 29, Polygon, the layer two (L2) scaling solution that runs parallel with the Ethereum blockchain, has announced a new identity platform called Polygon ID. While the protocol is is still under development, Polygon ID is powered by zero-knowledge ... read more.NFT Marketplace Opensea to Add Credit Card, Apple Pay Support via Moonpay Kenya Central Bank Governor: Low Smartphone Penetration Working Against Plan to Launch CBDC Sanctions Motivate Russia to Create Own Crypto Market Infrastructure, Finance Ministry Says Vaneck Report Calculates Bitcoin Price Could Tap $4.8M if BTC Becomes the Global Reserve Currency

News Feed

Kadena Launches $100 Million Grant Fund to Develop Web3 Experiences
Kadena Launches $100 Million Grant Fund to Develop Web3 Experiences Kadena, a proof-of-work-based cryptocurrency that also has the possibility of supporting smart contracts, has an
Cointelegraph Research6 hours agoLiquidation cascade puts crypto market into shock: ReportVenture capital inflows decreased 42.7% as derivatives saw one of the largest liquidation events in crypto.1554 Total views5 Total
Analyst Says Duke Energy Corporation Is Studying Bitcoin Mining Applied to Demand Response
Analyst Says Duke Energy Corporation Is Studying Bitcoin Mining Applied to Demand Response According to the lead rates and regulatory strategy analyst at Duke Energy Corporation, t
Plan B’s Stock-to-Flow Price Model Denounced by Vitalik Buterin, Says Model Can Be ‘Harmful’
Plan B"s Stock-to-Flow Price Model Denounced by Vitalik Buterin, Says Model Can Be "Harmful" For a few years now, the pseudonymous creator of the popular stock-to-flow (S2F) bitcoi
14- and 9-Year-Old Brother and Sister Duo Rake in $30K a Month Mining Crypto With Renewable Energy
14- and 9-Year-Old Brother and Sister Duo Rake in $30K a Month Mining Crypto With Renewable Energy The beauty behind cryptocurrency networks like Bitcoin is the fact that anyone ca
Nepalese Police Investigate Actress Priyanka Karki for Possible Involvement in Crypto Scheme
Nepalese Police Investigate Actress Priyanka Karki for Possible Involvement in Crypto Scheme Nepalese actress and model Priyanka Karki is being questioned by the police after her p
ETH Mixer Tornado Cash Reveals Blocking OFAC Sanctioned Ethereum Addresses via Chainalysis Oracle Contract
ETH Mixer Tornado Cash Reveals Blocking OFAC Sanctioned Ethereum Addresses via Chainalysis Oracle Contract According to the project’s official Twitter account, Tornado Cash,
If Dogecoin Falls Below This Level, A Freefall To $0.06 Is Possible: Analyst
Este artículo también está disponible en español. In a post on X on Tuesday, crypto analyst Ali Martinez (@ali_charts) shared a long‐term Dogecoin (DOGE) price chart hi
Bitcoin to attract $1T from institutions amid ‘raging bull market’ — Bitwise exec
Ezra Reguerra1 hour agoBitcoin to attract $1T from institutions amid ‘raging bull market’ — Bitwise execBitwise’s Matthew Hougan said the best advice he could give traders is to “keep calm and take the long vie
Bitcoin Soars Past $82,500 As MicroStrategy Makes Major 27,200 BTC Purchase
On Monday, business intelligence firm Microstrategy announced the purchase of additional Bitcoin (BTC) as the largest cryptocurrency on the market hit a newall-time high of $82,500, with increased inflows into various se
CFTC’s New Rules Cause Coinbase to Stop Offering Crypto Margin Trading
CFTC"s New Rules Cause Coinbase to Stop Offering Crypto Margin Trading Cryptocurrency exchange Coinbase is disabling its margin trading product in order to compl
A DAO Is Attempting to Raise $4 Billion to Purchase the Denver Broncos
A DAO Is Attempting to Raise $4 Billion to Purchase the Denver Broncos A decentralized autonomous organization (DAO) wants to purchase the National Football League (NFL) team the D