Online valuation and trading of digital media

• US 20070226119A1
• Filed: 03/21/2006
• Published: 09/27/2007
• Est. Priority Date: 03/21/2006
• Status: Abandoned Application

• Current Assignee: Michael Bevil, Robert Balser
• Original Assignee: Michael Bevil, Robert Balser
• Inventors: Balser, Robert, Bevil, Michael
• Application Number:
  US11/384,445
• Publication Number:
  US 20070226119A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

An online valuation and trading system for commodities, such as digital media, assigns objective trading or economic values to commodities to facilitate fair trades and trading. Entities accessing or logging onto the site input information pertaining to commodities to be surrendered and acquired. Based upon the information, the online valuation and trading system is configured to provide entities with an objective valuation and appraisal of their respective commodities during a trading period or an appointed period in time according to relevant and dynamic factors or criteria, such as internal/external supply and demand. The online valuation and trading system includes a forum that promotes trading and/or negotiating with respect to an objective value by identifying potential trading partners and recommending desirable trades.

Claims

1. A method of facilitating trading of digital media for an online system, said method comprising:

receiving information regarding digital media to be surrendered;

receiving information regarding digital media to be acquired;

generating a value for a digital media based on at least supply and demand; and

generating a list of potential trading partners and at least one proposed trade associated with each potential partner based on the value.

2. The method according to claim 1, further comprising:

providing information to each trading entity if a proposed trade is accepted.

3. The method according to claim 1, further comprising:

presenting options of accepting, modifying, or rejecting a selected proposed trade.

4. The method of claim 1, wherein the supply is determined based on the number of subscribers that wish to surrender a particular digital media title.

5. The method of claim 1, wherein the supply is determined based on the number of a particular digital media title that is available for trading.

6. The method of claim 1, wherein the demand is determined based on the number of subscribers that wish to acquire a particular digital media title via the online system.

7. The method of claim 1, wherein the demand is determined based on the number of a particular digital media title that is desired to be acquired via the online system.

8. The method of claim 1, wherein the value is generated based on information gathered from sources external to the online system.

9. The method of claim 8, wherein the information includes information relevant to the value of the particular digital media title.

10. The method of claim 7, wherein the information includes a ranking of a particular digital media title.

11. The method of claim 8, wherein the information includes a lowest available price of a particular digital media title.

12. The method of claim 8, wherein the value is determined based on a physical condition of a particular media title.

13. The method of claim 8, wherein the value is determined based on data indicating a variation of a current condition of a particular media title from an original condition of the particular media title.

14. A method of assigning value to digital media for an online system, said method comprising:

receiving information regarding digital media to be surrendered;

receiving information regarding digital media to be acquired;

determining internal demand of a particular digital media title based on an amount of a particular digital media title that is desired to be acquired via the online system;

determining internal supply of the particular digital media title based on an amount of the particular digital media title that is desired to be surrendered via the online system; and

generating a value for the particular media title based on the internal demand, the internal supply, and other factors associated with the particular digital media title.

15. The method of claim 14, wherein the other factors include information relevant to the value of the particular digital media title.

16. The method of claim 14, wherein the other factors include a ranking of the particular digital media title.

17. The method of claim 14, wherein the other factors include a lowest available price associated with the particular digital media title.

18. The method of claim 14, wherein the other factors include data pertaining to a condition of the particular media title.

19. The method of claim 14, wherein the other factors include data pertaining to a resale value of the particular media title.

20. The method of claim 14, wherein the other factors include data indicating a variation of a current condition of the particular media title from an original condition of the particular media title.