Benefits of MILC Platform
MILC Platform was set up with a mission to revolutionize the content media industry which is still lagging behind when almost every other industry has adopted new and advanced technology to ease their functioning. We are confident that our platform will play a significant role in completely transforming the way the content is created, distributed and received in this industry!
Let us take you through some of the prime benefits/features that we are offering at the MILC Platform!
- Content Licensing:
Content licensing is a critical part of the content media industry but it continues to remain complex and tedious till date. The intermediaries involved in the license trade charge hefty fees from the content sellers. This extra expense is ultimately passed on to the end-consumers who have to pay a higher price for the same quality of content. But, with our platform these issues will cease to exist as the entire licensing process will be completely digitized. Content publishers will be at ease as everything can be handled online in a no-fuss manner and that too at much cheaper costs!
- Content Management, Marketing & Distribution:
Content creators who will use our platform will get editing tools that would help them create top-notch quality content with ease. Platform will also allow them to take complete control over the subscription program for their content. They can decide aspects like the cost and duration of the subscription plans offered to the audience. The marketing and distribution will be smooth and cost-effective like never before!
- Content Launchpad:
Another major feature of MILC Platform is its content launchpad. Our content launchpad will be a powerhouse for quality content creators. Content creators will be able to upload their content and get crowd-funded directly from the community. Showcase a trailer or a demo of the content you are working on, and the community decides and invests based on that. Completely community-driven launchpad!
- AI — Subtitling:
When we were planning on our mission to revolutionize the content media industry, we couldn’t have missed the important role that a language plays in making the content more useful and acceptable globally. This is the reason why we have incorporated AI- subtitling in our platform that will enhance the functionality of the content produced and distributed through our platform as users will be able to understand it in their own local language.
- Governance & Audience Participation:
Users at our platform will get the benefit to take part in important decisions such as new platform features, community rights, token utility etc. This will ensure greater trust and understanding of how things are created and managed. The audience will also be able to propose changes to the content being created for them. This direct interaction between the creator and the community will save the heavy costs incurred on tools such as market research and community feedback.
BENEFITS TO VARIOUS PARTICIPANTS
Now, let us look at how the various participants of the content media industry are benefitted from the aforementioned features:
- Benefits to Content Creators:
MILC Platform provides a convenient-to-use marketplace for creator’s content. A content creator will be able to upload its content in any technical format and offer it to a market size larger than ever before! He will experience greater freedom in deciding the terms for the monetization of his content. Not only this, he can get funding directly from the community(content launchpad). Promotion of his content will be much easier as everything is possible on a single platform.
Another unique feature that MILC Platform provides is that it allows the end audience to take part in the creation of the content by giving their own ideas as well as suggesting improvements over the existing content. This means direct feedback from the end-consumers!
- Benefits to Publishers
The publishing houses can get faster access to the content they want. TV broadcasters and streaming platforms will get access to an abundance of readily available content, a challenge that got majorly highlighted during the pandemic. One of the major issues of this industry is the time-consuming and complicated licensing procedures, but with MILC Platform these issues are also resolved. License trading will be completely digitized eliminating the need to pay for unduly high fees charged by intermediaries. The money saved here can be utilised to produce higher quality content for the audiences.
- Benefits to Viewers
Viewers also benefit from our platform as they get access to a myriad of content at lowest prices possible. Our platform also provides features of AI-subtitling which provides them the comfort of getting the content in their own local language. A revolutionary change that has been brought up for viewers through our platform is giving them the opportunity to take part in the production of the content. They can vote on various governance features, get ownership rights over it as well as propose changes to it!
We hope this article proved useful in enhancing your knowledge on our platform. Please join our Discord channel to stay fully updated and get the latest information on our FEO program: https://discord.gg/Ekw3PDEz
MILC platform aims to provide the industry with an open new marketplace for every professional and non-professional content provider and buyer that incorporates cutting-edge broadcast, blockchain and AI-technology which can become a game changer for the entire media content industry. It solves four fundamentally important challenges of the global media industry: Global availability, Discovery process for Buyers, Complex licensing and Early feedback from viewers. MILC has been developed by Welt der Wunder, a media brand with 25 years experience in the business.