How can blockchain technology change the entertainment industry?
Wall Street has already adopted crypto technology, but Hollywood is pretty new to it. While the entertainment industry might be a few years late in implementing crypto, it has now realized that blockchain has the potential to revolutionize the distribution of music and movies, and can resolve the piracy problem. For several decades, the entertainment industry has been governed by distribution companies and studios. A large part of the earnings were lost in the process of delivering content to the audience, and the artists didn’t get paid a fair amount. Publishing and distribution agencies owned a major chunk of the profits made by the artist. The Film Industry can be Unfair If you look around Tinseltown, you’ll find that several actors and singers have passed away in a penniless condition. One example is Sammy Davis who made over $50 million singing and dancing, yet died in debt and poverty. There are several artists who produce genuine art but aren’t able to earn enough to surviv
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