SPOKKZ; DISRUPTING THE ENTERTAINMENT INDUSTRY



Entertainment involves any activity that provides amusement or pleasure to individuals, it is a fun activity in which people engage in their leisure time to ease tension of stress.There are many forms of entertainment which include sports, games, watching movies and so on. Specifically, let us take a look at watching movies as a form of entertainment.
The entertainment industry is concerned with creation and provision of entertainment activities to users. Content creators, producers, streaming platforms and so many more are responsible for providing entertainment in the form of movies to viewers.
OVERVIEW
The entertainment industry is one of the fastest growing industries in the world from sports, music, movies and so many more. Virtually every pleasure or amusement activity hinges on the entertainment industry, turning on your TV set everything you see is one form of entertainment or the other to the extent that the internet now has many forms of entertainment,
According to Price Waterhouse Coopers (PWC), the entertainment and media industry made $2 trillion as revenue in 2017 which is still expected to even grow exponentially in coming years.
Countries and regions now have a specific dominant entertainment industry, for United States, its Hollywood, India id Bollywood and for Nigeria, Nollywood which have also experienced independent level of success in their respective countries.
The problem with the entertainment industry is that despite the success it has recorded and its size, content creation and funding is still done the traditional way which discourages content creators as they are not incentivized to create more content for viewers.
The Spuul platform is aware of this problem and has set measures in solving them.
What is Spuul?
Spuul is an innovative Video On Demand platform which seeks to utilize blockchain technology to disrupt the entertainment industry in content creation and movie production by bringing content creators and movie producers together thereby reducing costs and funding with crypto currency.
PROBLEMS ASSOCIATED WITH THE TRADITIONAL ENTERTAINMENT INDUSTRY
Overtime, the traditional entertainment industry has been associated with the following problems, some of which include:
  • The traditional entertainment industry did not provide content creators with a host of producers and viewers so as to give value to content creation and reduce cost.
  • Content creators did not have a platform to maximize their earnings as middle men like cinemas and YouTube cart away with larger shares of the revenue accrued to content creators and producers.
  • Funding content creation was majorly centralized as content creators and producers did not have access to a wide viewer base.
SOLUTION
The spuul platform seeks to profer solutions to these problems through the following strategies, some of which include:
  • The spuul network provides content creators and producers with an environment of other content creators and producers with gives value and reduces the cost for content creation adopting blockchain technology.
  • With the Spuul platform funding of content creation is more decentralized. The platform will leverage on its existing stars, movie producers and telecommunication network to enforce usage of its crypto currency SPOKKZ token, made possible were viewers and stakeholders in the platform will pre-fund the creation of a movie with their tokens.
  • The spuul platform provides a reward system for content creators and producers to maximize their earnings the use of SPOKKZ token which users pay to watch a movie on the platform.
What I think
Spuul platform is set to disrupt the entertainment industry using blockchain technology to fund content creation thereby creating an environment where content creators and producers are incentivized.
Spuul platform;, giving value for content creation and ensuring growth of the entertainment industry. This is an ICO project that you do not need to miss for any reason because it has all it takes to be successful. Join the ICO today and you will be glad you did. Below are some vital links that you might find very helpful:
VITAL LINKS
WEBSITE | FACEBOOK | TWITTER | TELEGRAM | MEDIUM | REDDIT | ANN | WHITEPAPER | YOUTUBE
Bitcointalk Username: mordic
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2318611



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