Ending Soon! Save 33% on All Access

This Tech Entrepreneur Is Challenging Big Players In Streaming Industry By Investing Early In 3D Technology Prophecy Onasis, co-founder and CTO of Vuuzle Media, is investing in 3D technology before it goes mainstream realizing the huge potential

By Julian Lim

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Prophecy Onasis

Streaming platforms such as Netflix, Hulu, and Amazon Prime have garnered the attention of people to the detriment of traditional film and entertainment, especially during the COVID-19 times. The film industry has suffered a revenue loss of $7 billion as of the middle of March 2020 due to the pandemic leaving a wide-open opportunity for companies.

For Prophecy Onasis of Vuuzle Media, 3D technology is the next up but although it's still not mainstream he believes as advancements increase and costs lower, it will become more accessible to the consumer.

This opportunity is what Onasis believes will be the unanticipated advantage that will allow his company Vuuzle to leapfrog it's big brother Netflix and Hulu. Onasis and his team who were awarded the prestigious Brand Blazer Award from Verizon Media shares what this will take and what a post-pandemic tech looks like.

The Post Pandemic Future of Tech
Millions of people sitting at home have turned to various forms of entertainment to pass time. TikTok is certainly a big player but legacy streaming platforms are vying for the attention of the masses. Onasis believes this competition is good for the marketplace.

"How we share information is going the most impactful way that will catapult the next generation of technology. We will witness an optronic era. You will see more than just TV's and devices sharing images. We are already developing 3D content delivery platforms in this era at Vuuzle Media Corporation to be one of the pioneer leaders in the near future."

As millions sit at home the competition for attention continues and the companies that provide new and diverse experiences will succeed moving forward.

Partnership With American Powerhouse Verizon Media
Onasis has built powerful partnerships and connections in the tech business, most notably with American giant Verizon Media. Also, he is a Certified Advertising Network Partner with AOL (known as Oath). He's managed to rub shoulders among the best in tech but remains humble on his impact in the field.

"Partnership with such a powerful company as Verizon is an honor. We were invited to their headquarters in Los Angeles and were able to see The Nock which is Verizon's central intelligence for all their streaming technology. We also have been awarded the Brand Blazer award by Verizon for being leaders in how we use streaming technology solutions. That is a huge accomplishment for our whole team at Vuuzle." adds the CTO.

Competition Is Good
The tech world is extremely competitive. Companies from Silicon Valley to Beijing are raising millions of dollars but this does not necessarily guarantee success. Onasis believes that results speak louder than words and small talk. He strongly believes that products should be held to high standards regardless of a founder's reputation.
"I learned you have to fight hard to be recognized in the tech world. You can not use hype or be a poser. It is not space where you get recognized by being a talker with nothing to offer. Skills alone do not get you anywhere at all unless you have savvy products that are useful to the public, period."

"It's clear there will be a tremendous competition for the end-user but a focus on advanced technologies may be the differentiator in coming years and perhaps months as emerging technology companies go to battle," explains Olumide Gbenro, founder of Globoversity.

Julian Lim

Tech entrepreneur, researcher and editor at Startup Fortune

Julian Lim is a technology entrepreneur and researcher. Julian has graduated from NUS in intelligent systems and started his career pursuing data analytics and research. He’s also an editor and senior writer at Startup Fortune, covering technology, startups, AI, blockchain and entrepreneurship.
Business News

Apple iPhone 7 Users May Be Owed a Slice of a $35 Million Settlement — Here's How to Claim Your Share

Previous (and current, no judgment) iPhone 7 users may be entitled to up to $349. The deadline to file a claim is June 3.

Business News

Did OpenAI steal Scarlett Johansson's voice? 5 Critical Lessons for Entrepreneurs in The AI Era

Did OpenAI steal Scarlett Johansson's voice? OpenAI has since paused the "Sky" voice feature, but Johansson argues that this is no coincidence. In response, Johansson delivers a masterclass for entrepreneurs on navigating the AI era successfully.

News and Trends

Gurugram-based Wealth Management Firm Finvolve Closes Maiden INR 100 Cr Fund, Launches Two New Funds

Finvolve also announced the launch of two new funds, pre-seed Accelerator Fund and Scale Fund, including a GIFT city, with an investment capacity of around INR 500 crore to widen its investment spectrum: Accelerator, Seed, and Scale.

Side Hustle

These Brothers Had 'No Income' When They Started a 'Low-Risk, High-Reward' Side Hustle to Chase a Big Dream — Now They've Surpassed $50 Million in Revenue

Sam Lewkowict, co-founder and CEO of men's grooming brand Black Wolf Nation, knows what it takes to harness the power of side gig for success.

Marketing

Want to Elevate Your SEO Strategy? Here Are 4 Emerging Link-Building Trends You Need to Know About.

In the ever-evolving landscape of SEO, mastering link building is paramount for staying ahead. Explore the emerging trends shaping SEO strategies in 2024.