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

Over 1,300 Google Employees Have Signed a New Petition Asking For Job Security

Google laid off thousands of employees in the past two years, which has left some employees feeling insecure about keeping their jobs.

Business News

OpenAI Says AI Industry Disruptor DeepSeek May Have Copied Its Work as Rivals Race to Catch Up

Competitor Alibaba, meanwhile, says it has developed a model that's even smarter than DeepSeek.

News and Trends

MSME Ministry Unveils TEAM Initiative with INR 277.35 Cr Budget to Empower Small Businesses

The programme aims to onboard 5 lakh MSMEs onto the Open Network for Digital Commerce (ONDC), fostering greater inclusivity by targeting 50% women-led enterprises.

Business News

Barbara Corcoran Says She Doesn't Look at Resumes: 'Always Hire Attitude Over Experience'

If you think you need a strong resume to work with real estate pioneer Barbara Corcoran, think again.

Employee Experience & Recruiting

Employees Only Meet Expectations When They Know What's Expected

Survey data reveals employees want managers to tell them how their work fits into company strategy but those conversations are the exception, not the norm.

News and Trends

Management Peculiarities in Parallel Businesses: How to Build Highly Effective Teams and Launch Successful Projects

What principles are used to manage and build a highly effective team in different areas of business? Nozimjon Gaibulloev, the head of several successful business projects in different areas, shares his experience.