The Los Angeles-based company is revealing today that it has a collaboration with InDemand, a big transactional video on need and pay-per-view programs supplier owned by Charter Communications, Comcast Cable, and Cox Communications. InDemand is joining Live Planet’s VideoCoin Network and its new Innovators Program.
The VideoCoin Network is a decentralized video encoding, storage, and content circulation system constructed on the blockchain. Live World established the Innovators Program to bring significant media companies and video distributors into the industrial advancement of the VideoCoin Network to ensure it provides the performance and robustness to meet client needs, which it guarantees will greatly lower costs compared to today’s central solutions.
Above: Halsey Minor is CEO of Live World.
Image Credit: Live Planet
InDemand is the first significant media participant in the Innovators Program to be openly revealed. And that implies that Minor’s newest effort to disrupt media and home entertainment has some traction. Additional participants will be revealed as advancement continues.
InDemand disperses premium video-on-demand (VOD) and pay-per-view (PPV) entertainment, consisting of films and sports shows, to more than 200 North American TELEVISION operators with a reach of over 60 million homes. The company handles 500,000 distinct video assets and keeps an archive of more than 5 petabytes of data. These incredible volumes drive InDemand’s persistent and massive requirements for video processing, including encoding, transcoding, storage, and delivery. With the pace of expert video production continuous, InDemand’s requirement for video infrastructure at lower expenses has actually never ever been greater.
” When I joined InDemand earlier this year, I did so with the intent of identifying new, best-in-class innovations here at the heart of the media development cycle given our essential making it possible for function in the North American video market,” stated John Ward, executive vice president of InDemand, in a statement. “The VideoCoin Network and its basis in decentralized computing represents such development and we are excited to take part in its Innovators Program to assist shape the future of media processing.”
” We’re delighted to welcome InDemand into the VideoCoin Network’s Innovator’s Program. They are an essential gamer in the video industry and together we will form the next generation of video processing facilities to meet not just the requirements of traditional media companies like InDemand, but also serve emerging massive need for affordable video processing related to the connected-life ecosystem, such as video doorbells, linked security video cameras, and social apps,” said Minor, CEO at Live World, in a declaration.
” It’s fantastic to have John and his talented team at iNDEMAND join the list of media experts we are engaging to enhance the VideoCoin Network for real-world use cases,” stated Hanno Basse, president of decentralized media infrastructure at Live Planet and former CTO of the 20 th Century Fox Film Studio, in a declaration.