Data Transforms Your
E-commerce Solution

FREE WEB CONFERENCE

October 8th

E-commerce ROI
in 30 Days
Thru Data & Search

On Demand
More Information: www.b2becommercesuccess.com
Paid Advertising Banner

Growth in the Digital Rights Management Space Leads to Market Opportunities


NEW YORK, Jan. 14, 2021 /PRNewswire/ — A volatile global economy and a rapidly growing digital content space are inflaming the need for comprehensive and responsible services that protect digital property in order to keep the creation of digital video, games, music, and other types of content financially viable. The global market for digital rights management services is set to reach $8.77 billion by 2026, creating a significant profit opportunity for companies in the digital content space. Some of the top tech and media companies in the world, like Amazon.com Inc (NASDAQ:AMZN), Alphabet Inc (NASDAQ:GOOG), Adobe Inc (NASDAQ:ADBE), Sony Corp (NYSE:SNE), and BBTV (TSX:BBTV), are seeing huge returns from services that help content creators protect and manage their intellectual property.

BBTV Makes Rights Management Simple for Influencers and Media Companies

BBTV (TSX:BBTV) is a Vancouver-based digital media company that specializes in using a range of technology solutions to help content creators, from influencers to media companies, grow their viewership and drive revenue. The company’s list of clients includes major names like Sony Pictures, Paramount, Viacom, and the NBA, as well as major digital influencers with follower counts in the tens of millions. BBTV is the second largest worldwide video property behind only Google, drawing in over 600 million unique viewers this past August alone across the top 12 countries, according to Comscore.

As part of its comprehensive solution for content creators, BBTV offers its clients a wide range of technology-based tools and services to help content creators drive visibility while taking control of their brands and intellectual property. Central to this is BBTV’s suite of proprietary technology tools for content optimization, discovery, management, distribution, and monetization.

One of BBTV’s tech solutions helps with content management. BBTV’s tool for managing digital rights puts control of IP back in content creators’ hands, tracking and identifying fan-uploaded content associated with the creators’ brands and intellectual property. The solution also provides content creators with insights and options on how to respond to third-party content that uses their IP, including claiming and monetization options. This solution is part of BBTV’s ‘Plus’ suite of services. In aggregate, BBTV’s Plus solutions generated $35 million in revenue for the company in 2019. With the market for digital rights management set to more than double by 2026, BBTV’s content management solutions could become an even bigger revenue driver for the company.

Tech Giants Invest in Digital Rights Management

Anywhere digital content is distributed, it is vitally important for content creators to have means of managing and maintaining control over their intellectual property. The biggest tech companies in the world are implementing rights management over a broad range of digital media.

Alphabet Inc (NASDAQ:GOOG) owns and operates Widevine, a leading DRM solution that provides the capability to license, securely distribute, and protect playback of content on consumer devices. Widevine is used by major content streaming platforms like Netflix and Hulu, as well as the Google Chrome and Firefox web browsers.

Adobe Inc (NASDAQ:ADBE) is a market leader in digital rights management for ebooks and PDFs. The company’s proprietary EditionGuard platform lets users securely publish and distribute and monetize ebook content like novels, textbooks, and more with protection from unauthorized copying. The platform uses technology from Adobe Content Server, which is used by major tech firms and book retailers.

As one of the largest distributors of digital content in the world, Amazon.com Inc (NASDAQ:AMZN) is heavily invested in digital rights management. The company bought digital rights management company Mobipocket in 2005, and while Amazon shuttered Mobipocket in 2016, the company still uses Mobipocket’s encryption technology for its Kindle products.

In 2018, Sony Corp (NYSE:SNE) announced that the company was developing a digital rights management system that utilizes blockchain technology to process rights-related information. The company said it intended to use the system for protection of electronic textbooks and other educational content, music, films, VR content, and ebooks for its Sony Global Education products.

Digital content is a multi-billion dollar space, whether it’s entertainment and influencer content on platforms like YouTube, educational materials like e-textbooks, or enterprise material. Like any other asset, this content needs to be managed properly in order to get the most out of it, creating an enormous opportunity for leaders in the digital content space like BBTV.

Click here to find out more about BBTV.

Disclaimer:  Microsmallcap.com (MSC) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of BBTV Holdings Inc.

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MSC and FNM undertake no obligation to update such statements.

Media Contact:

FN Media Group, LLC
[email protected]
+1(561)325-8757

SOURCE Microsmallcap.com



Source link