The project looks overally good, but I just don't see the point of creating such platform. There are already other, better ones. So this project will just die out after completing as no one will most probably use it.
There aren't any projects like this that have succeeded in the real world, there are platforms trying to do the same thing but they're nowhere near ready and face scaling issues as well as issues with DRM and distributing content. The partnerships that Hubii has will give them a pretty big advantage over other platforms.