Open Digital Media Distribution System for Accurate Pricing
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Current digital media distribution systems are inefficient, relying on a few gatekeepers for resource allocation and information dissemination, leading to mispricing of media and adverse effects on market participants.
Innovation Solution
A system and method for open digital media distribution that allows digital media distribution rights owners to offer their media for sale directly to the public, eliminating the need for traditional intermediaries and enabling direct distribution contracts.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Extent of automation
If traditional gatekeepers control resource allocation and information dissemination, then media pricing and distribution can be managed centrally, but market efficiency deteriorates and mispricing occurs
Solution Approach 1:
The patent implements a system where market participants directly contribute information about media demand and resource allocation needs. Consumers, creators, and distributors all actively participate in providing data about their preferences, availability, and requirements, eliminating the need for centralized gatekeepers to make pricing decisions. This self-service approach allows the market to automatically allocate resources and determine prices based on real-time information from all participants.
2Productivity
If a few gatekeepers make demand projections, then resource allocation decisions can be made quickly, but pricing accuracy deteriorates due to limited information
Solution Approach 1:
The patent creates a universal platform that serves multiple functions simultaneously: it collects demand information from consumers, provides creation tools for creators, enables distribution for distributors, and aggregates all this data for real-time pricing. This multi-functional system replaces the single-function gatekeeper model, allowing all market participants to engage in multiple activities through one integrated platform, thereby capturing complete market information while maintaining fast decision-making.
Solution Approach 2:
The system implements continuous feedback loops where pricing decisions are immediately communicated back to market participants, who then adjust their behavior accordingly. Consumer demand data, creator supply data, and distributor pricing data all flow back into the system in real-time, allowing the platform to continuously refine pricing and resource allocation decisions. This feedback mechanism ensures that pricing accuracy improves over time as the system learns from actual market behavior.
3Device complexity
If gatekeepers control information dissemination, then market structure can be simplified, but market efficiency deteriorates and profit opportunities are lost
Solution Approach 1:
The patent segments the market into distinct participant types (consumers, creators, distributors) while providing each with tailored interfaces and tools. Rather than creating a complex centralized gatekeeper structure, the system divides functionality across user roles, allowing each segment to operate independently while contributing to the overall market efficiency. This segmentation enables parallel information processing and decision-making across multiple user groups, dramatically improving market efficiency without requiring complex centralized coordination.
Data Source
AI summary
Various embodiments of the present invention provide a system and method for open digital media distribution. According to one embodiment, a system is provided which performs the operations of: creating a profile (e.g., artist or label profile) based on an input from a first party; receiving a digital media upload from the first party, wherein the digital media upload contains media content and the first party has a property interest in the media content; receiving from the first party an assignment of a payment account to the digital media upload, such that money from sales relating to the digital media upload is deposited into the payment account; receiving from the first party a sales parameters associated with the digital media upload; presenting through a computing device the digital media upload for sale to a second party; and selling the digital media upload to the second party through a computing device.