Matthew Ball, a renowned thought leader on business and innovation in the entertainment and gaming industry, shares his insights on the metaverse. He clarifies that the metaverse goes beyond just VR and NFTs. The discussion covers streaming wars, particularly Hulu's struggles and winners like Amazon. Ball explains why major tech companies shied away from gaming investments and emphasizes the significance of interoperability in the metaverse's future. He also reflects on mobile gaming's challenges and the impact of tech giants like Apple and Google.
Matt Ball highlights the pivotal role of gaming in shaping innovative business strategies, particularly within the context of the metaverse's evolution.
The podcast analyzes the transformative impact of streaming services on content distribution, emphasizing user experience as essential for preventing piracy and building loyalty.
Matt discusses how the metaverse, defined as an advanced internet infrastructure for real-time 3D interactions, signals a shift towards immersive digital experiences.
Deep dives
The Intersection of Gaming and Innovation
The podcast emphasizes the dynamic relationship between the gaming industry and broader business innovation. The discussion opens with the significance of established companies like Disney, Netflix, and Amazon, illustrating the challenges they face in adapting to modern consumer demands. The guest, Matt Ball, shares insights on how his gaming essays brought attention to the depth of the industry's evolution. He argues that gaming's intertwining with interactive experiences offers a unique platform for new business strategies, particularly in the context of the emerging metaverse.
Career Journey and Early Influences
Matt Ball's career path reveals an unconventional journey, beginning with his experience as a wildlife firefighter. His desire to avoid a conventional office job led him to explore outdoor work while honing technical knowledge in fire science. This early exposure to real-time simulations became a catalyst for his subsequent ventures in gaming and media, significantly shaping his perspective on the industry's potential. Ball reflects on the serendipitous overlap between his past experiences and his current role as a thought leader in gaming and digital experiences.
The Evolution of Streaming Services
The podcast delves into the rapid transformation of streaming services and how they revolutionized content distribution. Matt contrasts early methods of media consumption, such as piracy and the complications of separately navigating multiple apps. He identifies the rise of platforms like Netflix as pivotal, showcasing how original content like 'House of Cards' redefined industry norms and expectations. This transformation underscores the importance of user experience in preventing piracy and fostering customer loyalty in the digital age.
Understanding the Metaverse
The concept of the metaverse evolves throughout the conversation, defined as an upgrade to internet infrastructure enabling synchronous 3D experiences. Matt explains that unlike traditional internet standards, the metaverse focuses on enhancing real-time interactions within digital environments. By referencing historical precedents like MUDs and Second Life, he articulates how gaming has long been at the forefront of shaping this new interactive landscape. This integration signifies a shift towards immersive experiences that extend beyond current online community frameworks.
Future of Digital Gaming and Economic Forces
The closing segment touches on the future of digital gaming ecosystems and their economic ramifications, particularly regarding regulatory perspectives. Matt forecasts that emerging technologies such as Web3 and cloud gaming will reshape industry dynamics, driven by consumer demand for more open systems. He emphasizes the role of developers and gamers in pushing for reforms against centralized control, particularly in app ecosystems like Apple's App Store. As the landscape evolves, the podcast notes, the potential for innovation and improved user experiences within gaming continues to grow.
Matt Ball literally wrote the book on the metaverse - with a new update out in late July. So who better to chat all things metaverse and distribution with?
In the last several years, Matt has become known as one of the most astute writers and thinkers about the nature of business, innovation, IP, and the deep structural factors that shape the entertainment and gaming industry. He also had a frontseat to the streaming wars during his time at Accenture and Prime Video.
Finally, we get a clear concise understanding of what the metaverse is (and no, it’s not just VR and NFTs).
In this episode of Secret Stash, co-hosts Justin Kan and Archie Stonehill sit down with Matt Ball and discuss
👉 streaming war winners and losers (sorry, Hulu)
👉 why big tech companies never hugely invested in games
👉 what the metaverse actually
👉 and the impact Apple and Google had on mobile and gaming
Read the highlights here: https://dev.stash.gg/blog/secret-stash-episode-4-matt-ball-reveals-the-secret-to-the-metaverse
0:00 - Intro
1:55 - Wildfire fighter
3:25 - Moving to business
5:00 - The OTT streaming opportunity
8:45 - Meet Liam Bullock
12:33 - The economics of streaming
15:43 - The streaming war and Hulu’s failure
23:36 - Amazon and the video opportunity
30:08 - Why not gaming?
34:05 - The origin of the metaverse
36:12 - Fortnite isn’t unique
38:39 - What is the metaverse?
42:32 - Interoperability and standards
48:28 - Why hasn’t mobile opened?
56:32 - Changing tides
1:00:00 - The power of disconnecting
1:02:45 - A better world
1:05:00 - Games vs. social
1:07:46 - Matt’s secret
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Learn more about Stash here: https://dev.stash.gg/
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