The fate of film and entertainment is on the blockchain that’s what thinks Jason Kilar, named CEO of WarnerMedia by AT&T nearly two years ago, notified the company’s employees that he would be stepping down after the entertainment conglomerate’s merger with Discovery was completed.
Kilar claims that the blockchain is the future of Hollywood as he prepares to leave the media company he helped shepherd into the streaming era. With his departure, Discovery’s CEO, David Zaslav, will be allowed to start putting together his own management team at the soon-to-be-merged companies.
After announcing his retirement from AT&T unit WarnerMedia ahead of the company’s projected merger with Discovery Inc this month, Jason Kilar stated he had no plans to leave.
At the Crossroads of Blockchain Technology and Fiction
He declares, “I have no intention of retiring.” “If you’re looking for me, you’ll find me in the construction zone.” It will almost probably be at the confluence of storytelling, technology, and blockchain because I adore building at the end of the day.”
Kilar’s term was highlighted by innovation, such as the launch of HBO Max and hybrid films, as well as drama and heated debate.
During his HBO Max and theatrical streaming initiatives, he attracted a lot of attention, including CNN CEO Jeff Zucker, who resigned after failing to reveal a personal relationship with Allison Gollust, the brand’s marketing, and communications chief.
Kilar has worked in both Silicon Valley and Hollywood, and he believes that blockchain technology — digital ledgers that record transactions across a wide range of computer networks — is transforming the entertainment industry, particularly as the process of acquiring unique digital collectibles like non-fungible tokens (NFTs) becomes more accessible.
In an interview with Reuters, the seasoned IT executive stated:
“I believe it’s going to be a possible wave that comes to Hollywood, similar to how the DVD wave came to Hollywood in the 1990s.”
Jason Kilar: Blockchain Technology has the Potential to Revolutionize the Financial World
Kilar said Blockchain technology, might pave the door for new sorts of finance. In the entertainment sector, he has a long history of pushing the boundaries of technology and innovation.
“From a digital standpoint,” Kilar said, “the blockchain will have a concrete impact on Hollywood and its potential collaborators.”
AT&T named Kilar as CEO of WarnerMedia in April 2020, relying on a technology leader with the streaming experience to lead the film and television division into a new era.
Kilar, a former Amazon.com Inc. executive, was seen as the ideal option for the post since AT&T was preparing to launch HBO Max, a streaming service.
Also Read: Here are how blockchain technology could be in the mainstream in 2022
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