I think the application of Smart Media Tokens in regards to the film industry may lead to a different method for production. For example, if an independent film maker were seeking financial support for their movie, they could monetize(using ICO's) clips or snippets of the film. Or, in-progress production videos. This, I think, would allow more options for the production to continue moving forward even if they do not have all the funding locked in.

This could be the death knell for the industry to. Being that there are always leaks of information regarding hotly anticipated movies, or high-profile actors taking risks with their characters; like any one of the Joker's from Batman franchise. ICO's may make it easier and more profitable for production staff to capture some unauthorized video and sell them securely to make a personal profit.

Because of the Blockchain-esque structure, films can now release to specific audience types, mainly investors, maybe even an early release? Media can also be released securely and more quickly this way too, no more securing theaters, they are already in our pockets and living rooms, we just need access. Perhaps because of the crypto key security necessary to access the media, and a streamlined and cloud-based service, this may be the final nail in the Movie Theater industry coffin.