Blockchain Holds Hollywood’s Future, Thinks WarnerMedia CEO Jason Kilar

Jason Kilar, CEO of WarnerMedia stated that Hollywood’s future is in blockchain as he brace himself for the departure.
Although he is departing from the organization, he made it very clear that this is not his retirement, but didn’t unveiled what he is going to do.
Jason Kilar has previously worked for Amazon, and was recruited by Hulu, a streaming service, which soared in popularity soon after his arrival.

Massive Potential For Hollywood In Blockchain

Jason Kilar, WarnerMedia CEO thinks that blockchain holds the future of Hollywood as he prepares for his departure from the media which he assisted to lead into the streaming reign.

Kilar stated that, he is looking towards the latest opportunities at the convergence of storytelling, although he did not share any further details regarding what he is going to do next after his departure.

Jason Kilar did say that, this departure from WarnerMedia, a unit of AT&T does not mean he is going into retirement ahead off organization’s collaboration with Discovery Inc in an agreement anticipated to close this month.

Kilar’s career has straddled Silicon Valley and Hollywood, and he witnesses blockchain, the virtual ledgers that keep an eye on transactions across computer networks, as evolving the entertainment sector, specifically as methods of taking over distinct virtual collectibles such as NFTs become easier.

Kilar stated to a news agency in an interview after his announcement regarding his departure from WarnerMedia that, he believes it is gonna be a potential tide Hollywood might witness, is the similar way when DVD tide struck the Hollywood shore back in 90s.

He further added that, without doubt, that shifted the economic fortunes of a lot of these organizations. Blockchains might also prove to be a gateway for types of financing.

Also Read: Arcade Land & Orbis86: Two Metaverse Projects Transforming The NFT Space

Streaming Wars

Jason Kilar has a fine record of pushing tech and transforming the entertainment sector.

Previous Amazon(dot)com executive was hired to lead Hulu, as he did not depended upon a cluster of assumptions, regarding how television should operate, as per the Hulu creators.

Within couple of months of hulu’s release back in March 2008, the website, once titled by critics in blogosphere as ClownCo, soared in popularity.

Kilar departed from ulu back in 2013, following some disputes with organization’s owners, Walt Disney and NBCUniversal, which had put stress on more advertising and finishing the free version for service.

Jason Kilar released his sole subscription video streaming facility for social media content, Vessel, where Verizon took over the possession in 2016, and after 4 years he entered WarnerMedia, just around the pandemic hit.

Jason Kilar premiered latest movies on HBO Max and theaters on same day, during Covid-19 pandemic. The experiment commenced with Wonder Woman 1984’s premier back in December 2020 and continued through the following year.

Move offered a stable flow of latest entertainment to the facility at a time, when pandemic had caused disruptions in the industry. It also assisted fledging HBO cable TV network, to put on 73.8 million subscribers.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing