Method and system for distance based video advertisement reward system with instant dynamic price generation for digital media propagation

A method for playing digital media content on a network-enabled signage device installed in a stationary physical business premise of a business agent, the method comprising:

• receiving, by a content management system, percentage participation information of external advertisers allowed by the business agent while setting up the signage device;
• receiving, by the content management system, external digital advertising content submitted by an external advertiser, wherein the external digital advertising content submitted by the external advertiser is related to a business other than the business of the business agent;
• receiving, by the content management system through a web-based application programming interface (API), advertisement preferences of the external advertiser including a distance that the external advertiser wants to propagate the submitted external digital advertising content from the external advertiser's business location as a central point of distribution to a stationary physical business premise;
• evaluating a cost value for advertising the external digital advertising content through the signage device, and displaying the evaluated cost value to the external advertiser for approval;
• generating a new playlist including an internal playlist merged with an external playlist, a temporal length of the external playlist within the new playlist being proportional to the percentage participation information allowed by the business agent, wherein the internal playlist is associated with internal digital advertising content relating to the business of the business agent stored in a storage unit of the signage device, and wherein at least a portion of the external playlist is associated with the external digital advertising content submitted to the content management system by the external advertiser;
• transmitting the new playlist and the external digital advertising content from the content management system to the signage device through a computer network;
• and
• playing, on the signage device, the internal digital advertising content and the external digital advertising content in accordance with the new playlist.