MEDIA CONTENT RIGHTS NEGOTIATION BASED ON A PROTOCOL FOR MANAGEMENT OF MEDIA CONTENT RIGHTS USING A DISTRIBUTED MEDIA RIGHTS TRANSACTION LEDGER
Provided are a system and method for media content rights negotiation based on defined protocol for management of media content rights using distributed media rights transaction ledger. An initiating node determines acquisition requirement and/or receive request on behalf of other participant for media content rights of requested media content and traverses associated instance of distributed media rights transaction ledger to identify receiving entity node that has media content rights available for negotiation. Accordingly, initial media content rights negotiation transaction is issued, which includes offer for corresponding media content rights. The receiving entity node verifies an identity and signature of initiating entity from initial media content rights negotiation transaction, issues new media content rights negotiation transaction based on verification, evaluation, and/or acceptance of offer. Each instance of distributed media rights transaction ledger includes at least initial media content rights negotiation transaction and new media content rights negotiation transaction.
1 . A system, comprising:
a memory for storing instructions; and
a processor for executing the instruction to perform first operations, wherein the first operations comprise:
determining, by an initiating node, an acquisition requirement and/or a receive request on behalf of other participant for media content rights of a requested media content,
wherein the initiating node is associated with an initiating entity, and
wherein a first node is configured to interact with a second node based on a defined protocol in a communication network;
identifying a receiving entity node based on a plurality of transaction types of each mutual negotiation between each of the plurality of nodes over the media content rights in a distributed media rights transaction ledger; and
issuing an initial media content rights negotiation transaction, which includes an offer for corresponding media content rights, with the identified receiving entity node;
wherein the identified receiving entity node is configured to perform second operations, wherein the second operations comprise:
issuing a new media content rights negotiation transaction in response to the initial media content rights negotiation transaction issued by the initiating node; and
a storage device, wherein the storage device is configured to store the initial media content rights negotiation transaction and the new media content rights negotiation transaction in an instance of the distributed media rights transaction ledger associated with the first node or the second node.
2 . The system of claim 1 , wherein the determination of the acquisition requirement and/or the receive request for the media content rights is based on information associated with consumption history of a content consumer or a group of content consumers, and
wherein the consumption history is retrieved from the instance of the distributed media rights transaction ledger.
3 . The system of claim 1 , wherein the determination of the acquisition requirement and/or the receive request for the media content rights is based on information associated with historical media content rights acquisition pricing for a content consumer or a group of content consumers, and
wherein the information associated with historical content rights acquisition pricing is retrieved from the instance of the distributed media rights transaction ledger.
4 . The system of claim 1 , wherein the determination of the acquisition requirement and/or the receive request for the media content rights is based on information associated with historical media content rights acquisition pricing for an entity or entities, and
wherein the information associated with the historical media content rights acquisition pricing for the entity or entities is retrieved from the instance of the distributed media rights transaction ledger.
5 . The system of claim 1 , wherein the determination of the acquisition requirement and/or the receive request for the media content rights is based on a playback request for the media content received from a subscribed participant associated with a consumer device or a presence of the media content in a programming schedule of the initiating node, and
wherein the consumer device is communicably coupled to the initiating node in the communication network.
6 . The system of claim 1 , wherein the determination of the acquisition requirement and/or the receive request for the media content rights is based on a statistical analysis of a content consumer or consumers, consumption habits of the content consumer or consumers, and/or historical pricing for the content consumers and/or a plurality of initiating and receiving entities.
7 . The system of claim 1 , wherein the determination of the acquisition requirement and/or the receive request for the media content rights is based on a predictive model to anticipate demand for the requested media content,
wherein the anticipated demand for the media content is based on a criteria, and
wherein the criteria comprises a significant world event, a popularity change of a public figure, a popularity change of a subject matter, cultural influences, social and societal trends, demographics, and/or the release or future release of alternative or related media content.
8 . The system of claim 1 , wherein the initial media content rights negotiation transaction further includes the identity of the initiating entity, an identity of the receiving entity, an attribute of the media content rights corresponding to the acquisition requirement and/or the receive request for the requested media content, an identity of the requested media content, or a transaction type of the initial media content rights negotiation transaction.
9 . The system of claim 1 , wherein the offer for the corresponding media content rights included in the initial media content rights negotiation transaction and a counter media rights negotiation transaction is comprised of a monetary value, a trade for existing media content rights, or statistical data to be used for evaluation of the offer by the identified receiving entity.
10 . The system of claim 1 , wherein, for the issuance of the new media content rights negotiation transaction, the receiving entity node associated with the identified receiving entity is configured to determine the new media content rights negotiation transaction based on verification, evaluation, and/or acceptance of the offer, upon a receipt of the initial media content rights negotiation transaction issued by the initiating node, and
wherein the issued new media content rights negotiation transaction is one of a media content rights negotiation accept transaction, a media content rights negotiation reject transaction, or a media content rights negotiation counter transaction.
11 . A method, comprising:
determining, by an initiating node, an acquisition requirement and/or a receive request on behalf of other participant for media content rights of a requested media content,
wherein the initiating node is associated with an initiating entity,
wherein a first node is configured to interact with a second node based on a defined protocol in a communication network;
identifying a receiving entity node based on a plurality of transaction types of each mutual negotiation between each of the plurality of nodes over the media content rights in a distributed media rights transaction ledger; and
issuing an initial media content rights negotiation transaction, which includes an offer for corresponding media content rights, with the identified receiving entity node;
wherein the identified receiving entity node is configured to perform second operations, wherein the second operations comprise:
verify an identity and signature of the initiating entity from the initial media content rights negotiation transaction; and
issue a new media content rights negotiation transaction in response to the initial media content rights negotiation transaction issued by the initiating node,
wherein an instance of the distributed media rights transaction ledger includes the initial media content rights negotiation transaction and the new media content rights negotiation transaction.
12 . The method of claim 11 , wherein the determination of the acquisition requirement and/or the receive request for the media content rights is based on information associated with consumption history of a content consumer or a group of content consumers, and
wherein the consumption history is retrieved from the instance of the distributed media rights transaction ledger.
13 . The method of claim 11 , wherein the determination of the acquisition requirement and/or the receive request for the media content rights is based on information associated with historical media content rights acquisition pricing for a content consumer or a group of content consumers, and
wherein the information associated with historical content rights acquisition pricing is retrieved from the instance of the distributed media rights transaction ledger.
14 . The method of claim 11 , wherein the determination of the acquisition requirement and/or the receive request for the media content rights is based on information associated with historical media content rights acquisition pricing for an entity or entities, and
wherein the information associated with the historical media content rights acquisition pricing for the entity or entities is retrieved from the instance of the distributed media rights transaction ledger.
15 . The method of claim 11 , wherein the determination of the acquisition requirement and/or the receive request for the media content rights is based on a playback request for the media content received from a subscribed participant associated with a consumer device or a presence of the media content in a programming schedule of the initiating node, and
wherein the consumer device is communicably coupled to the initiating node in the communication network.
16 . The method of claim 11 , wherein the determination of the acquisition requirement and/or the receive request for the media content rights is based on a statistical analysis of a content consumer or consumers, consumption habits of the content consumer or consumers, and/or historical pricing for the content consumers and/or a plurality of initiating and receiving entities.
17 . The method of claim 11 , wherein the determination of the acquisition requirement and/or the receive request for the media content rights is based on a predictive model to anticipate demand for the requested media content,
wherein the anticipated demand for the media content is based on a criteria, and
wherein the criteria comprises a significant world event, a popularity change of a public figure, a popularity change of a subject matter, cultural influences, social and societal trends, demographics, and/or the release or future release of alternative or related media content.
18 . The method of claim 11 , wherein the initial media content rights negotiation transaction further includes the identity of the initiating entity, an identity of the receiving entity, an attribute of the media content rights corresponding to the acquisition requirement and/or the receive request for the requested media content rights, an identity of the requested media content, or a transaction type of the initial media content rights negotiation transaction.
19 . The method of claim 11 , wherein the offer for the corresponding media content rights included in the initial media content rights negotiation transaction and a counter media rights negotiation transaction is comprised of a monetary value, a trade for existing media content rights, or statistical data to be used for evaluation of the offer by the identified receiving entity.
20 . A non-transitory computer-readable medium having stored thereon, computer implemented instruction that when executed by a processor in a computer, causes the computer to execute operations, the operations comprising:
in a communication network:
determining, by an initiating node, an acquisition requirement and/or a receive request on behalf of other participant for media content rights of a requested media content,
wherein the initiating node is associated with an initiating entity,
wherein a first node is configured to interact with a second node based on a defined protocol in a communication network;
identifying a receiving entity node based on a plurality of transaction types of each mutual negotiation between each of the plurality of nodes over the media content rights in a distributed media rights transaction ledger; and
issuing an initial media content rights negotiation transaction, which includes an offer for corresponding media content rights, with the identified receiving entity node;
wherein the identified receiving entity node is configured to perform second operations, wherein the second operations comprise:
verify an identity and signature of the initiating entity from the initial media content rights negotiation transaction; and
issue a new media content rights negotiation transaction in response to the initial media content rights negotiation transaction issued by the initiating node,
wherein an instance of the distributed media rights transaction ledger includes the initial media content rights negotiation transaction and the new media content rights negotiation transaction.