Board briefing · November 2026董事會簡報 · 2026 年 11 月

The ecosystem is the moat.生態系，就是護城河。

Six parts, one chain. Every creator and IP owner who joins makes Ztor harder to copy.六個環節，一條價值鏈。每多一位創作者、每多一份 IP，Ztor 就更難被複製。

Six parts. One platform.六個環節，一個平台。

Others build one part. Our edge is all six working as one.別人各做一塊。我們的優勢，是六塊合成一個整體。

  1. License授權IP marketplace: scripts, novels, comics, seriesIP 市集：劇本、小說、漫畫、影集
  2. Create創作AI Creator Tool (郭總)AI 創作工具（郭總）
  3. Fund募資Raise money and an audience before production開拍前先募資，提早累積觀眾
  4. Publish發行Straight to Ztor, paid per view直接上架 Ztor，按次付費
  5. Discover探索IMDb-style ratings, reviews, creator profilesIMDb 式的評分、影評、創作者檔案
  6. Share分潤IP owners and creators split the revenueIP 持有者與創作者依約分潤

Others own one link. We connect the chain.別人守住一環，我們串起整條鏈。

IP ownersIP 持有者
AI creatorsAI 創作者
Crowdfunding共創募資
Production製作
Distribution發行
Monetization變現
Revenue sharing分潤
IP licensing agentsIP 授權代理
Crowdfunding sites募資平台
AI creation toolsAI 創作工具
Social video platforms社群影音平台
Streaming services串流平台
One ecosystem, all seven links一個生態系，串起七個環節

Bars show each category's core business. Our read.橫條代表各類平台的核心業務，為我方觀察。

Opportunity 1機會一

The creators are already out there.創作者早就在那裡了。

Independent AI filmmakers post strong work every day. We need one person whose only job is to find them and bring them in.獨立 AI 創作者每天都在發表好作品。我們需要一個人，專門把他們找出來、帶進來。

InstagramXYouTubeTikTok
  1. Discover發掘
  2. Approach接觸
  3. Onboard進駐
  4. Publish上架
  5. Earn收益

One full-time hire. Creators only.一位全職專人，只做創作者開發。

Opportunity 2機會二

Followers are not income.粉絲數不等於收入。

Today an AI creator builds a following, then waits for a sponsor or a product deal.今天的 AI 創作者只能先衝粉絲，再等業配或帶貨的機會。

Today現在Paid: maybe收入：不一定有
  1. Post發作品
  2. Grow followers衝粉絲
  3. Wait for a sponsor等業配
  4. Sell products帶貨
On Ztor在 ZtorPaid from the first view第一次觀看就有收入
  1. License IP取得授權
  2. Create with AIAI 創作
  3. Publish上架
  4. Paid per view按次收費

Making films got cheap. Getting paid did not.拍片變便宜了，收錢卻一樣難。

Cost of a blockbuster-quality film一部大片等級作品的製作成本
$400M
−90%$40M
Before AIAI 之前With AI有了 AI

Ztor estimate, approximate figures.Ztor 估算，數字為約略值。

Pay-per-view fits the AI era even better.按次付費，在 AI 時代更站得住腳。

What blocks creators創作者卡在哪What the ecosystem brings生態系怎麼解 Copyright uncertainty版權不明Licensed IP正版授權的 IP Licensing friction授權手續繁瑣Terms built into the AI tool條款內建在創作工具裡 Few places to sell發行管道太少Pay-per-view on Ztor在 Ztor 按次付費

Royalties, built for film.為電影而生的版稅制度。

One project earns $2.55M. The split runs itself, and Ztor earns only when everyone else does.一個專案進帳 255 萬美元，分潤自動完成。大家都賺到，Ztor 才賺。

Worked example from the Ztor revenue model, in US dollars.示意案例，取自 Ztor 營收模型，金額為美元。

Fans share only when the project earns.專案有收益，粉絲才有分潤。

Where $2.55M goes Of $2.55M gross revenue, IP owners receive $834K, costs take $554K, and the $1.16M net revenue splits into $539K for the creator, $383K for co-creation fans and $240K as the Ztor distribution fee. Gross revenue總收入 $2.55M IP ownersIP 持有者 $834K two owners, $417K each兩位，各 $417K Net revenue $1.16M淨收入 $1.16M Creator創作者 $539K Co-creation fans共創粉絲 $383K Ztor distribution feeZtor 發行費 $240K Costs成本 $554K payments, streaming, platform fee金流、串流、平台費

Every new member makes the rest worth more.每多一位成員，整個生態系就更值錢。

Possible licensing matches equal IP owners times creators. Double both sides and the matches quadruple.可能的授權配對數，等於 IP 持有者乘以創作者。兩邊各多一倍，配對就變四倍。

2 IP owners and 2 creatorsTwo IP owners and two creators can form 4 licensing matches.
4

2 IP owners × 2 creators2 位 IP 持有者 × 2 位創作者

4 IP owners and 4 creatorsFour IP owners and four creators can form 16 licensing matches.
16

4 IP owners × 4 creators4 位 IP 持有者 × 4 位創作者

8 IP owners and 8 creatorsEight IP owners and eight creators can form 64 licensing matches.
64

8 IP owners × 8 creators8 位 IP 持有者 × 8 位創作者

  • IP ownerIP 持有者
  • Creator創作者
  • One possible license一筆可能的授權

What I propose.我的提議。

  1. 1

    Hire one full-time person for AI creator acquisition.聘一位全職專人，專責開發 AI 創作者。

  2. 2

    Build the six parts as one system, not six products.把六個環節當成一個系統來做，而不是六個產品。

  3. 3

    Lead with pay-per-view for independent AI films.以按次付費，主打獨立 AI 電影。

More creators. More IP. A deeper moat.創作者越多，IP 越多，護城河越深。

Own the rails, not the content.我們經營的是軌道，不是內容。