This document discusses the applications of blockchain technology in the media and entertainment industry. It identifies several challenges in the industry like IP infringement, difficulties with micropayments, and combating misinformation. It then describes some companies that are using blockchain like Binded for copyrighting photos on the blockchain and Audius for a music streaming platform. Finally, it outlines the benefits of adopting blockchain such as transparency and improved royalty payments for creators, but also challenges to adoption like scalability and regulatory issues.