Processing

Please wait...

Settings

Settings

Goto Application

1. WO2021044221 - A SYSTEM AND METHOD FOR TRADING MEDIA CONTENT SHARES ONLINE

Note: Text based on automatic Optical Character Recognition processes. Please use the PDF version for legal matters

[ EN ]

A SYSTEM AND METHOD FOR TRADING MEDIA CONTENT SHARES

ONLINE

FIELD OF INVENTION

[0001] The embodiments herein generally relate to trading. More particularly, the invention relates to a system and method for trading shares of media content online.

DEFINITIONS:

[0002] Media content: herein includes digital media such as video, audio, and the like, but not limited to these. Media content may also be referred to as “media” herein after.

[0003] User: A user may be a person or a legal entity or a group of people who might be interested in buying, and/or selling and/or retaining rights over the media content.

[0004] Media owner: herein includes who has originally generated the media content or who has legally been assigned rights of the media content by the original media owner or who has legally been the heir of the media content by law.

BACKGROUND AND PRIOR ART

[0005] In this digital age, various media content types specifically video and music are distributed via various online platforms.

[0006] The value of individual media content is determined by various factors such as cost spent on content creation, marketing costs, number of views received, reviews and ratings etc.

[0007] Therefore, a true value indicator of the individual media content is really difficult to evaluate as media content is scattered in different distribution strategies and there are mixed reviews and market opinions on its popularity.

[0008] The total revenue that a media content such as a feature film video and its production value dictates its distribution value. This data is neither available to public nor does it hold any known value to be available to be traded online.

[0009] The conventional process of generating media content and spending time and money towards building a market sentiment and awareness can be bought and exploited by big players in media content generation industry to manipulate market monopoly.

[00010] The conventional process also does not provide any tracking metrics to evaluate how popular the media content was at any given point in history.

[00011] Therefore there is a need to develop a transparent system and method that identifies a particular media content’s market value and a mechanism to trade it’s shares and track its popularity.

OBJECTS OF THE INVENTION

[00012] Some of the objects of the present invention, of which at least one object is fulfilled by the embodiment of the present invention, are described herein below:

[00013] An object of the present invention is to provide a system for trading shares of media content online.

[00014] Another object of the present invention is to provide a method for trading shares of media content online.

[00015] Still another object of the present invention is to provide a system and method wherein any investor or general public is allowed to own a share or a stock of a given media content.

[00016] Yet another object of the present invention is to provide a system and method for trading by any individual who is the owner of a worthy media content.

[00017] Another object of the present invention is to provide a system and method that allows the owners of the media content to raise money by listing the media content.

[00018] Another object of the present invention is to provide a system and method where market trend of the listed media content can be viewed on the portal along with its current price based on the demand and supply.

[00019] Another object of the present invention is to provide a system and method that adds an exact value against particular media content.

[00020] Another object of the present invention is to provide a system and method that can help in alleviating market monopoly imposed by big production houses or content creators to project incorrect value against a published media content.

[00021] Another object of the present invention is to provide a system and method that helps in measuring and tracking the interest trend of media content received over a period of time.

[00022] Another object of the present invention is to provide a system and method that allows upcoming media content production companies to raise capital by listing potential good quality media content.

[00023] The other objects and advantages of the present invention will be apparent from the following description when read in conjunction with the accompanying drawings, which are incorporated for illustration of preferred embodiments of the present invention and are not intended to limit the scope thereof.

SUMMARY OF THE INVENTION

[00024] In view of the foregoing, the present invention, in accordance with an aspect, discloses a system for trading shares of media content online. In accordance with another aspect, the present invention discloses a method for trading shares of media content online employing the system disclosed herein. The system and method for trading shares of media content online can employed by any person who is the owner of a worthy media content.

[00025] In accordance with an aspect, the present invention provides a method for trading shares of media content online, the method for trading shares of media content online comprises the steps of accessing a media trading platform for trading one or more shares of media content on an interface device by a media content owner, registering the media content owner on the media trading platform via a user interface of the media trading platform for trading the media shares and submitting the details by the owner on the media trading platform via the user interface wherein the details related to the number of shares owned by the media owner and the number of media shares available for sale.

[00026] According to an embodiment, the next method step is validating the media content to determine its authenticity and the details shared by the media owner to determine the media content owner asset risk by a legal team of the media trading platform and valuating the media content for an IPO valuation based on cost spent on content creation, marketing costs, number of views received, reviews, international locations and previous project success ratings.

[00027] According to an embodiment, the media content is then listed on the media trading platform with its value for the public to place bids for trading the media content.

[00028] In accordance with another aspect, the present invention provides a system for trading shares for media content online, the system for trading shares for media content online comprises a user interface, a server, a load balancer and a database cluster.

[00029] In accordance with an embodiment, the user interface may be provided for facilitating a plurality of users to access the system, wherein the plurality of users may include the media content owners, the media content buyers and general public.

[00030] In accordance with an embodiment, the server is configured for managing, storing, sending and processing of data whereas the load balancer acts as a reverse proxy and distributes network or application traffic across a number of servers.

[00031] In accordance with an embodiment, the database cluster group is configured for storing, filtering and searching data related to user accounts, documents, new media content data, encrypted owner data etc.

[00032] In accordance with an embodiment, once the trading begins anyone in public can start placing bids for buying or selling shares of this video. The market trend may be viewed o the portal for the video along with its current price based on the demand and supply.

[00033] These and other aspects of the embodiments herein will be better appreciated and understood when considered in conjunction with the following description and the accompanying drawings. It should be understood, however, that the following descriptions, while indicating preferred embodiments and numerous specific details thereof, are given by way of illustration and not of limitation. Many changes and modifications may be made within the scope of the embodiments herein without departing from the spirit thereof, and the embodiments herein include all such modifications.

BRIEF DESCRIPTION OF DRAWINGS

[00034] The detailed description is set forth with reference to the accompanying figures. In the figures, the left-most digit(s) of a reference number identifies the figure in which the reference number first appears. The use of the same reference numbers in different figures indicates similar or identical items.

[00035] Fig. 1 illustrates a block diagram of the architecture of the system, in accordance with an aspect of the present invention herein;

[00036] Fig. 2 illustrates a block diagram of the media content owner and user dashboard, according to an embodiment of the present invention herein; and [00037] Fig. 3 illustrates a block diagram of the public dashboard for media content market, according to an embodiment of the present invention herein; and

[00038] Fig. 4 illustrates a flow chart of the method for trading shares of media content online, according to an embodiment of the present invention herein.

DETAILED DESCRIPTION

[00039] The embodiments herein and the various features and advantageous details thereof are explained more fully with reference to the non-limiting embodiments and detailed in the following description. Descriptions of well-known components and processing techniques are omitted so as to not unnecessarily obscure the embodiments herein. The examples used herein are intended merely to facilitate an understanding of ways in which the embodiments herein may be practiced and to further enable those of skill in the art to practice the embodiments herein. Accordingly, the examples should not be construed as limiting the scope of the embodiments herein.

[00040] As mentioned above, there is a need to develop a system and a method for trading shares of media content online. The present invention solves it by providing a system and a method that helps in identifying, determining, and measuring the market value of particular a media content, a mechanism to trade its shares, and track its popularity.

[00041] In general, in accordance with an embodiment of the present invention, any individual who is the owner of a worthy media content may login to an online website portal and list all the details necessary for the media content in question and the number of shares he likes to sell to the public.

[00042] Further, the cost of the media content, the number of shares and the media content itself is then reviewed before approval. Once the media content integrity has been verified and approved, it then is listed for trading on a suitable platform, which may be a website or a mobile application.

[00043] Once listed for trading on the platform, anyone in public can start placing bids for buying or selling shares of this video. The market trend can be viewed on the portal for the media content along with its current price based on the demand and supply.

[00044] In accordance with an aspect, the present invention provides a method for trading shares of media content online, wherein the method for trading shares of media content online comprises various steps.

[00045] According to an embodiment, the first step is accessing a media trading platform for trading one or more shares of media content on an interface device by a media content owner. The media owner may then register on the media trading platform via a user interface of the media trading platform.

[00046] According to an embodiment, after the registration the owner submits the details related to the number of media shares owned by the owner and the number of shares of media owner is willing to sell via the user interface of the trading platform.

[00047] According to another embodiment, the media content is validated by the legal team of the platform to determine the authenticity of the media and to determine the authenticity of details shared by the media content owner along with the media content owner asset and risk involved.

[00048] According to another embodiment, post validation the valuation of the media content for an IPO valuation based on various parameters is done. These parameters may be related to cost spent on content creation, marketing costs, number of views received, reviews, international locations, previous project success and ratings.

[00049] According to another embodiment, after the valuation of the IPO of the media content, the media content is listed on the media trading platform with its value for the public to place bids for trading the media content.

[00050] In accordance with another aspect, the present invention provides a system for trading shares for media content online, the system for trading shares for media content online comprises a user interface, a server, a load balancer and a database cluster.

[00051] Referring now to the drawings, and more particularly to Fig.l through Fig. 4, where similar reference characters denote corresponding features consistently throughout the figures, there are shown preferred embodiments.

[00052] Fig. 1 illustrates a block diagram of the architecture of a system (100), in accordance with another aspect of the present invention.

[00053] More specifically, Fig. 1 corresponds to an online system or web based system or a mobile based app over internet which provides a system (100) to track and trade media content shares to determine value of the media content over a period of time.

[00054] According to an embodiment, the overall system architecture includes first accessing this website or app. The website or the application can be accessed via external hardware loadbalancers denoted “External LB” (101, 102) (Using technologies like kubernetes, HAProxy etc..) to handle and distribute load to access the Frontend cluster (103) system.

[00055] Each frontend cluster (103) system may include a server to display/render HTML5 pages to display the current market activity and/or trends etc. This can be done employing technologies like Node.js, React, RxJS, javascript etc.

[00056] Thereafter, all subsequent requests are received by an internal loadbalancer (104) or proxy, which are configured to distribute and manage the requests to various backend servers (105). Each internal load balancer (104) or Proxy, denoted as “Internal LB” acts as an API gateway, which may employ technologies such as AWS API Gateway etc., to access the backend servers (105).

[00057] In accordance with an embodiment, each backend server (105) can be configured to follow a Micro services architecture API design pattern and be RESTful in nature with distributed databases mentioned in the database cluster group (106) and can also include a cache layer to improve performance, scalability of the system.

[00058] In accordance with an embodiment of the present invention, the database cluster group (106) may include, but is not limited to, a reporting module (107) configured to generate report(s) for the owner or the user regarding various media content details, an analytics module (108) configured to perform various analytical function on the media content available in the database, a user account module (109) which may include tables corresponding to various users and/or media content owners who have registered, an encryption module (110) which is configured to encrypt the media content data uploaded by the media content owners, documents module (111) to store and list the documents uploaded by the users and/or the media content owners, the documents may include legal documents such as non-disclosure agreements, assignments and the like, media content trade data module (112), which includes tables corresponding to trading of various media content traded till date, and a confidential crypto encrypted owner data module (113) which is configured to encrypt the media content owner data, uploaded by the media content owner.

[00059] Fig 2 illustrates a block diagram of the media content owner and user dashboard (200), according to an embodiment of the present invention.

[00060] The media content owner may log in and register in the online website/app platform for registering a media content (Collection of or single Video/ Audio) and initiate (201) the Initial Public offering (IPO) of the media content (MIPO/ IPOM) process, according to an embodiment.

[00061] According to an embodiment, the media content owner may register and log onto the platform and upload the owner details (204). If the media content owner is accessing the website or the app for the first time, he/she has to undergo a registration process. In such situation, the process may be longer as the owner details may go through initial pre-media content upload validation (206) step as well. This step is required for understanding the owner or production company who has created this media content as part of their online catalog.

[00062] In an embodiment, in accordance with the present invention, the media content owner may upload or provide links to the media content and provide the share details related to the part of the media content he/she wants to share ownership or copyright or distribution rights etc. If the owner does not own 100% of the media content distribution or copyright then he/she can be allowed to share a part of his/her ownership and typically not more than 50%.

[00063] After the media content is uploaded by the media content owner, the media content may then be evaluated by a legal team for determining authenticity of the media content, the production company asset and also determining risk. This might involve manual approval process via online or offline legal review process. The evaluation of the media content can be done in a particular jurisdiction to comply with the laws of the particular jurisdiction under consideration.

[00064] After complying with the legal aspects, the media content value may be evaluated (207) and screened for the IPO valuation. For new media content/ producer which is yet to be released for public viewing, this may be screened specifically with the independent anonymous media content evaluators bound to a non-disclosure agreement. The valuation of media content and the number of shares to be spread in the common pool of available shares may be decided at this stage. Various factors or parameters are to be considered including total production costs, international locations, marketing costs if already performed, youtube views, previous projects success, imdb ratings etc.

[00065] According to an embodiment, the media content uploaded may be a premium feature where the very first trailer may be released (203) for viewing for all the premium users for getting both the privilege of viewing and/or listening new unreleased media content and to start pre-investing (209) before anyone else and/or general public.

[00066] According to an embodiment, to be a user of the system or platform any person can go online and start investing in media content shares that pique their interest. An online user can perform both buy or sell his share of media content, one at a time. There are various steps in user registration (210) process.

[00067] According to an embodiment, a user may have to enter correct details

(212) and contact information. It is important that all the user details entered must be correct since the user information may be published on the online portal or app if the user owns a media content. This may also be important while the legal documents get transferred and get a signature on the T&C agreement.

[00068] According to an embodiment, the user bank account details (213) may be mandatory for buying or selling capability. Also, this can be the bank account that has been agreed upon to be source of truth for all future earnings and transactions for the owned media content if any. Although, the user may choose to change the linked Bank account.

[00069] According to an embodiment, the media content owned (214) tab or section may list the catalog details of bought media content by the user (if any) and its relevant details.

[00070] According to an embodiment, the media content watch list (215) tab or section may include a list the production studios or media content/s being followed for tracking and analyzing its market movement. This is more like a favorite section for a user for their interested media content investment shares.

[00071] According to an embodiment, transaction history (216) may include all the transactions performed by the user over a period of time using the platform. The platform may also include premium features like blind investment (217), analytics data (218), market expert advice (219), auto investment (220) etc. which are locked until the subscription fee is paid for subscribing these premium features.

[00072] According to an embodiment, blind investment (217) is a feature where the user get to watch trailers of new media content not released anywhere in the world. This may benefit the users to pre-invest in a MIPO or IPOM and take advantages of investing early. It is called blind investment as the media content itself has not been released and it holds a certain amount of risk to invest watching just a trailer or preview soundtrack.

[00073] According to an embodiment, analytics data (218) may be provided with multiple features where the data is aggregated over time and market predictions such as this media content may have 30% chances to go up by 2% in the next week or so can be made using the aggregated data.

[00074] According to an embodiment, the premium feature related to market expert advice (219) can be a dedicated time monthly interaction with our expert on the data and the predictions of the market trend on media content in general. [00075] According to an embodiment, the premium feature auto investment (220) can be developed using ML (machine learning like Amazon sagemaker etc.) to predict and auto invests (buy/sell) in various different media content using a set of rules to yield best result.

[00076] According to an embodiment, the media content has limited number of shares in a pool which can be called the media content availability pool (211). A user can buy and sell shares using a locking mechanism and an Exchange mechanism.

[00077] According to an embodiment, the locking mechanism is where the price of the share gets locked for a certain period of time (lock period), the price being termed as the locked price. This benefits the user as the best price is locked for utilization from the common available pool. The locking mechanism cannot work if the common pool of shares is empty. The locking mechanism also has higher transaction cost on the platform. Once the lock is released and the purchase is made the price may increase by a lock factor.

[00078] According to an embodiment, the exchange mechanism is a generic trade where the user selling at a certain price may be matched with the appropriate buyer. This does not use a common pool. The exchange mechanism has lower or no transaction cost in the platform. The price may increase or decrease by mere supply chain demand mechanism.

[00079] Fig. 3 illustrates the block diagram of the public dashboard (300) for media content market, according to an embodiment herein.

[00080] According to an embodiment, any person can go online and view the global media content dashboard and market trends. This typically serves as home page where users or the owners or the third party or admin logs in to the platform for registration or just to observe market status.

[00081] According to an embodiment, the public dashboard may have media content market overview (307) which may include line charts and bar charts of the trend. Advertisements and banners describing the upcoming blind investment opportunities for premium users may be present.

[00082] According to an embodiment, a user may get details and find the media content to do public research (309) and get the latest market value on the public dashboard.

[00083] According to an embodiment, each media content may have the current ownership details (310) to reflect the absolute ownership of the media content on the public dashboard. The public dashboard may also have list of all tie favorite top performing media content market value (311) and their owner charts along with the media content newsroom (303), new rising media content production company highlights (304), deals etc.

[00084] According to an embodiment, the public dashboard may also have all the information about the web portal, details, login or register links (302), contact, help and support (306) links.

[00085] Fig. 4 illustrates the flow chart of the method (400) for trading shares of media content online, according to an embodiment herein.

[00086] In accordance with an aspect, the present invention provides a method for trading shares of media content online, wherein the method for trading shares of media content online comprises various steps.

[00087] According to an embodiment, the first step is accessing a media trading platform for trading one or more shares of media content on an interface device by a media content owner (401). The media owner may then register on the media trading platform via a user interface of the media trading platform (402).

[00088] According to an embodiment, after the registration the owner submits the details related to the number of media shares owned by the owner and the number of shares of media owner is willing to sell via the user interface of the trading platform (403).

[00089] According to another embodiment, the media content is validated by the legal team of the platform to determine the authenticity of the media and to determine the authenticity of details shared by the media content owner along with the media content owner asset and risk involved (404).

[00090] According to another embodiment, post validation the valuation of the media content for an IPO valuation based on various parameters is done. These parameters may be related to cost spent on content creation, marketing costs, number of views received, reviews, international locations, previous project success and ratings (405).

[00091] According to another embodiment, after the valuation of the IPO of the media content, the media content is listed on the media trading platform with its value for the public to place bids for trading the media content (406).

[00092] A main advantage of the present invention is that the provided system and method provide a way to identify a particular media content market value and a mechanism to trade its shares and track its popularity.

[00093] Another advantage of the present invention is that the present invention allows a substantially perfect and substantially transparent trading process where market sentiment and trends are tracked.

[00094] Still another advantage of the present invention is that the present invention also allows upcoming media content production companies to raise capital by listing potential good quality media content.

[00095] Yet another advantage of the present invention is that the present invention allows any investor in general public to own a share or a stock of a given media content.

[00096] Another advantage of the present invention is that the owners of a worthy video or audio media content can raise money by selling shares of their media content.

[00097] Another advantage of the present invention is that with the help of present invention exact value of a particular video may be calculated based on its demand.

[00098] Another advantage of the present invention is that the present invention may help in alleviating market monopoly imposed by big production houses or content creators to project incorrect value against published media content. [00099] Another advantage of the present invention is that the present invention may also help in measuring and tracking the interest trend of media content received over a period of time.

[000100] The foregoing description of the specific embodiments will so fully reveal the general nature of the embodiments herein that others can, by applying current knowledge, readily modify and/or adapt for various applications such specific embodiments without departing from the generic concept, and, therefore, such adaptations and modifications should and are intended to be comprehended within the meaning and range of equivalents of the disclosed embodiments. It is to be understood that the phraseology or terminology employed herein is for the purpose of description and not of limitation. Therefore, while the embodiments herein have been described in terms of preferred embodiments, those skilled in the art will recognize that the embodiments herein can be practiced with modification within the spirit and scope of the embodiments as described herein.