With WimLive the WimTV platform makes available another service to WimTV users: the ability to offer live streaming services with a simple way to get paid for the service, possibly in combination with other parties.
Off line monetization of events has never been a problem. Also on line monetization of large scale events is not a problem. However, on line monetization of medium-to-small scale live events is an uphill battle because:
1. Setting up and maintain a live streaming service may entail significant costs
2. The cost of collecting payments may easily offset the revenues
3. If more parties are involved it may be difficult to establish trusts between parties.
WimLive has solved these problems. Let’s follow a simple yet quite realistic walkthrough by looking at the picture below.
As you can see, everyone can stream own live events independently, deciding whether to transmit to his audience for free or in pay-per-view mode. In addiction, the system also offers the possibility of make live streaming in cooperation with other entities, dividing the proceeds among all participants. In particular:
1. An Event Organiser holding rights to an event makes an agreement with an Event Reseller to promote and distribute events to end users and agree on revenue sharing (this step is not needed if there is no Event Reseller)
2. The event takes places and a cameraman shoots the scene and sends the digital stream to WimTV
3. An end user clicks on the event, pays and watches the event
4. The payment is split between WimTV and Event Organiser
5. Payments are split also with the Event Reseller in case promotion and distribution is done by a third party.
WimLive is a Unified solution for on demand and live video where
- An arbitrary number of parties may claim rights to event
- Revenues are accredited to each party as soon as payments are effected
- WimTV plays the role of trusted third party
- WimLive entails very low administrative costs
- Can be easily integrated with other application platforms (Moodle…)
Who are the typical WimLive users?
1. Hotel chains
2. Organisers of cultural, musical and sport events
3. Companies offering training courses
4. Small to medium size film makers
5. Local TVs
6. And many more...
To run a WimLive event you need to
1. Register on WimTV as a WebTV
2. Sending an email to sales@wimlabs.com to get a URL
3. Input a few data (date, time, duration, price to watch the event etc.)
4. And go!
