Automated Intangible Rights Selling System for Content Creators
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Solution Overview
Problem
Independent news reporters, photographers, and individuals involved in gathering news and current events face challenges in accessing markets to sell their intangible property rights, such as photographs, stories, and interviews, due to the growing demand for news and current events across various online and offline platforms.
Innovation Solution
A method and system for selling intangible property rights involve determining potential buyers based on content subject and audience, transmitting offers for purchase, and processing payments through a computing device with modules for purchaser identification, offer transmission, and acceptance, utilizing processors and memory to facilitate the sale of exclusive or non-exclusive rights over networks.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If independent news reporters and photographers manually access multiple markets to sell their content, then they can potentially reach more buyers, but the process becomes increasingly complex and time-consuming
Solution Approach 1:
The patent introduces an automated rights management system that acts as an intermediary between content creators and multiple buyers. The system receives content, automatically determines applicable rights based on subject and audience analysis, and manages sales across multiple markets simultaneously, eliminating the need for creators to manually navigate complex market access processes.
Solution Approach 2:
The system performs multiple functions within a single platform: content reception, subject analysis, audience determination, rights identification, and multi-market distribution. This universal approach allows independent creators to access diverse markets through one integrated system rather than managing separate sales processes for each market.
2Productivity
If sellers manually identify and contact potential buyers for their content, then they can negotiate better terms, but the time and effort required increases significantly
Solution Approach 1:
The system performs preliminary analysis of content subject matter and potential audience before sales occur. By pre-determining which rights apply based on automated analysis, the system prepares potential buyers and relevant content metadata in advance, enabling rapid matching and transaction execution without time-consuming manual negotiation and research.
Solution Approach 2:
The automated system performs the entire sales process autonomously - from receiving content to analyzing it, determining applicable rights, identifying suitable buyers, and facilitating transactions. This self-service capability dramatically increases productivity by eliminating manual intervention while reducing the time required to monetize content.
3Quantity of substance
If exclusive rights are sold to a single buyer, then the seller receives a higher payment, but other potential buyers are prevented from accessing the content
Solution Approach 1:
The system segments the rights to content into distinct categories based on subject matter and audience. Instead of selling one exclusive right, the system divides rights into multiple non-exclusive categories that can be simultaneously licensed to different buyers. This segmentation allows the seller to monetize the same content across multiple markets and buyer types, increasing total revenue while maintaining content availability.
Solution Approach 2:
The system dynamically determines which rights to sell based on analyzed parameters of the content (subject, audience, etc.). By changing the parameters of rights allocation from exclusive to non-exclusive based on market analysis, the system enables multiple sales of the same content to different buyers with different usage rights, maximizing total revenue while adapting to diverse market demands.
Data Source
AI summary
Selling intangible property rights may include receiving content from a seller and determining one or more potential purchasers for the content's intangible property rights. The potential purchasers may be determined according to the subject of the content, the audience for the content, and the intangible property rights being sold. An offer to sell the intangible property rights may then be transmitted to one or more potential purchasers, along with a portion of the content. Upon receiving the one or more purchaser's acceptance of the offer, a complete copy of the content may be transmitted to the purchaser.