In doing a deep dive into the world of Hollywood, some interesting things come up.
It seems most believe that generative AI and other tools are going to completely revamp the industry. At present, many of the larger studios are using this technology. For the moment, it is an aid that saves time by eliminating steps. What we are looking at is the ability to shortcut some of the activity.
This is not a replacement for what humans are creating. Instead, it is an enhancement like any other tool. A power saw did not eliminate the human from the process.
The question is will this always be the case? Many are predicting that prompting will allow for people to generate incredible works. While there is debate about where the outputs stand on the "human" scale, there is little doubt that we will see a host of AI generated content rivaling what Hollywood is doing.
Why is this important?
It is an opportunity for those who are thinking in this direction.
Image generated by Ideogram
Movies On Leo As Part Of Premium
As stated, this is not something that is going to happen in the next few weeks. We are projecting out a couple years.
This is the time most are expecting the advancement of the technology. It is a process of moving ahead in stages.
It is likely someone creates an AI generated, feature-length film that is of strong quality by the end of this year. This will not be, however, the norm. Over the next couple years, we could see something like this become commonplace.
Even it is not quite at the level of Hollywood, it will likely be sufficient for a person's time.
Here is where Leo needs to start thinking.
What about the idea of Leo offering full length films and "television" programs. Naturally, these would not be part of the Hollywood establishment. Instead, we are looking at original content as part of the platform.
Ultimately, we are referring to AI generated works. This could be part of the premium program where users can pay a monthly fee.
Right now, we have Leo Premium at 10 HBD. What is we end up moving to a 2 or, even, 3 tier system. With this, Leo could enter the entertainment market. Of course, some other technologies would have to fall into place. Perhaps the SpkNetwork development is part of this.
Subscription for Video
We know that streaming is taking over. There is a question as to what business model will work.
Here is where we can revert back to our friend Amazon for guidance.
This company spent $8.5 billion on MGM. For this, it received the rights to one of the leading movie libraries. It also received other assets that could be merged to enhance Amazon Prime Video (at the studio level).
Amazon Prime Video is a service that is part of having Prime membership. What is interesting is that not everything in the library is available. There is some content that is free while others are paid for.
So how would this work with Leo?
This could go a number of different ways. We could see this either done individually, i.e. not directly tied to the platform or incorporated in Leo Itself.
By doing the latter, we could see a situation where Leo Premium gains more value. The subscription model could have a monthly HBD fee tied to it, one that is split among the platform and the creators. Here is where those who are producing content and filling up the library will benefit over time. The payouts could be based upon the total subscriptions divided by the time spent streaming the different videos.
Here is where Leo turns into another type of platform. It appeals to another type of user, one who might not be interested in the traditional social media features.
Digital Platform
Leo Premium is a way to flywheel the value generated by a digital platform.
The task is to look at each aspect of Leo and innovate ways to enhance the value. Some feel AI is in a hype cycle. Whether this is the case or not really matters none. We know this is going to change a great deal in the future. Generative AI is going to change everything.
We can already see how Big Tech is starting to integrate everything in. Gemini is being interwoven into Google products. Meta is doing the same thing. OpenAi is partnering with different companies, especially Microsoft.
The next layer is going to have the same opportunity. For those who start to consider the potential, and work in that direction, we could get ahead of the pack.
Web 3.0 offers great potential. To achieve that, we have to start thinking in the direction that is going to capture some market share.
Entertainment is worth hundreds of billions of dollars per year. It is something that Leo wants to tap into.