How Vuulr is Set to Transform the Film and TV Content Industry?
There’s an old adage that says content is king. That statement holds true with each and every passing year. According to one estimate, the amount of purchasing content has reached a staggering amount of US$ 240 billion per annum. Not only that, this amount is expected to grow at an annual rate of 10 percent. Along with modern entrants like Netflix and Amazon, even old players such as Disney and Fox are competing for a fierce battle for just one thing -- your attention span and where you choose to spend it. While the industry continues to grow, the way it approaches the business in terms of processes is still old-fashioned and somewhat inefficient. Take for instance the fact that around 35-40% of the value (of US$ 240 Billion) is lost as transaction cost owning to frivolously drawn-out negotiations along with high-end commissions. Another key part of the content ecosystem -- sponsorship -- is also plagued with similar inefficiencies. The deals often take months (someti...