Industries: Ownership and control
1) What is a conglomerate in the media industries?
Media company that owns lots of smaller media companies.
2) What is a subsidiary?
A subsidiary is the smaller companies that the bigger companies own.
3) What are the benefits for media companies of vertical integration?
Vertical integration is when one conglomerate owns different companies in the same chain of production.
4) What are the benefits for media companies of horizontal integration?
Reduce competition increase market share and greater economies of scale.
5) Give three examples of media companies or brands that have used synergy to maximise their profits. There are examples in the notes above to help you.
For example, Disney makes movies but then also has related stage shows, theme parks, merchandise, soundtracks and events all linked to the same brand or characters.
6) What is convergence and what device has changed the relationship between audiences and producers?
Technological convergence refers to the fact we can now access all different types of media on one device.
The growth of smartphones has completely changed the relationship between industries and audiences.
Traditional industries like newspapers are now moving into video or online content and audiences can now create their own user-generated content.
Article about Facebook's acquisition of Instagram
7) Why did Facebook buy Instagram for $1bn? Answer in as much detail as possible
because it was very popular social media platform
Now read this BBC article on Disney buying 21st Century Fox.
8) What is the name of the media billionaire who used to own Fox?
rupert murdoch
9) List 10 companies that are part of the Disney media empire. The graphic below will help you.
marvel,lucasfilm,pixer,abc,espn,hulu,20th century studios,national geographic partners , fx net works, world disney animation studio
10) Why did Disney buy Fox - What are the benefits? These benefits are particularly discussed towards the end of the article.
Comments
Post a Comment