As he gears up to leave WarnerMedia, the company he helped steer into the streaming era, CEO Jason Kilar says the future of Hollywood lies in the blockchain.
According to the Reuters report, Kilar stated he saw new possibilities at the intersection of storytelling and technology, but he wouldn’t say what his next project might be.
Kilar’s career has spanned over both Hollywood and Silicon Valley, and he sees blockchain as transforming the entertainment industry, particularly as he sees the process of acquiring NFTs has become more simple and clear.
Recently, Cartamundi Group teamed up with WarnerMedia subsidiary, Warner Bros. Consumer Products, to launch DC studio-based Hybrid Trading Cards. The cardholders will be able to access their NFTs through scanning QR on the Hro App.
Jason Kilar also believes that blockchain may also open up new forms of financing.
After announcing his departure from AT&T (T.N) subsidiary WarnerMedia ahead of its merger with Discovery (DISCA.O) set to finalize this month, the senior tech executive said he had no intentions to retire.
“With the pending transaction with Discovery nearing close, now is the right time to share with each of you that I will be departing this amazing company” Kilar said in the memo to employees on Tuesday.
Kilar became the CEO of WarnerMedia in April 2020, before the HBO Max streaming service debuted. He led a major reorganization of the firm, focusing it on the streaming service and bringing in new management.
Kilar, a seasoned digital entrepreneur who previously worked at Amazon and was the first CEO of the Hulu streaming service, bucked industry conventions in 2021 when he decided to simultaneously release new films in theaters and on HBO Max.
