What’s happening?
This is going to show up at a Macro level...
In July, Disney licensed its characters to an Indian education company, Byju’s, to launch a learning app in the U.S. — a start, but I still think Disney should take matters into its own hands.
The synergy of education with parks, merchandise, streaming, and singular IP is a subscription-based motherload the company hasn’t tapped.”
...and a micro level
For example - Marvel’s Loki series on Disney+ as an innovative way to explore Immunity to Change theory”
In Action: Liquid IP
What’s going to be different?
IP licensing has been around a long time. What’s different now is the speed and fluidity that’s possible - and necessary. A good example of this is through co-creation.
On Roblox there are already over 100,000 works based on the Netflix hit ‘Squid Game’. These have been all been created by Roblox users. What’s most interesting is that Netflix backed it. No lawsuits, no takedown notices. They saw the power of co-creation - and that it needed to happen in real-time.
(and let’s not even get started on Mr. Beast rebuilding Squid Game as a full physical replica...)
It’s worth IP owners remembering...
... that people are always going to find a way to hack the system. And they’ll find ways you never thought of...
We’re also excited about licensing historical figures’ image rights to enable them to do their thing for people in today’s world. We’ve seen this in the music space with holograms of artists like Roy Orbison, and our trend on Cultural Institutions had an example from DGene bringing in the likes of JFK.
For example, what about Einstein teaching physics alongside Lil Miquela?
Not convinced? The emergence of the metaverse will create an explosion in a demand for more characters and avatars, and web3 will enable rapid and traceable transfer of IP. These shifts will lead to IP owners needing to be more flexible.
Speaking of the which... our next emerging trend gets meta (and NFT, and DAO, and web3...)
In Action: Ones to Watch
Guidelines for Greatness
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