1) Type up your research notes from the lesson - what did you find out about your allocated media conglomerate? Selection of companies: Alphabet, The Walt Disney Company, Comcast, 21st Century Fox, Facebook, Viacom, News Corp, Time Warner. If you were absent or don't have the notes, research any of the companies above and find examples of all the terminology outlined in the notes at the start of this blogpost.
Viacom
They own companies like:
CBS
Paramount Pictures
MTV
VH1
Simon and Schuster
Nickelodeon
Examples of Horizontal and Vertical integration are:
Radio stations for horizontal
Paramount for vertical
Synergy:
Comedy Central
VH1
Nicktoons
Diversification:
Owning Blockbuster
Owning radio stations
Cross media regulation:
They merged with CBS in 1999 and then split due to stagnating stock shares in 2006 which led into modern day Viacom being a completely different company to what it previously was.
2) Do you agree that governments should prevent media conglomerates from becoming too dominant? Write an argument that looks at both sides of this debate.
I think that governments should allow there to be a wide range of conglomerates with each having not too much power. Some should be more affluent than others but in terms of ownership, the government should control how much ownership they should be able to have.
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I think if a conglomerate owns a whole different outlet, it could massively help them in a field where they are newbies. Horizontal integration could be helpful as they need to get other minds together that have different ideas to brainstorm a new and innovative project.
2) Do you agree that governments should prevent media conglomerates from becoming too dominant? Write an argument that looks at both sides of this debate.
I think that governments should allow there to be a wide range of conglomerates with each having not too much power. Some should be more affluent than others but in terms of ownership, the government should control how much ownership they should be able to have.
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1) Briefly describe the production, promotion and distribution process for media companies.
The production provides the audience with what they want, they promote via the media sources their target market consumes the most, and then they distribute it using the most appropriate methods for
getting the product to the audience and making it as easy as possible for them to access it.
2) What are the different funding models for media institutions?
BBC- they get money for their TV licence, Sales of DVDs, magazines, merchandising and
other BBC products.
ITV- Fees paid by advertisers buying advertising space on the channel, the sales of their material to other providers.
3) The article gives a lot of examples of major media brands and companies. Choose three examples from the article and summarise what the writer is saying about each of them.
Sky One- this represents the very best of media conglomerates as they provide us with television for all ages.
Disney: It says how recognisable the logos of the marque have gotten due to the conglomerate being so family friendly.
Marvel- we see here how a conglomerate chooses to represent and portray mainstream modern values such as strength, weakness and determination.
4) What examples are provided of the new business models media companies have had to adopt due to changes in technology and distribution?
The music industry cannot now solely rely on their music revenue, they need to get sponsorship via commercial deals, endorsements and partnerships.
The music industry cannot now solely rely on their music revenue, they need to get sponsorship via commercial deals, endorsements and partnerships.
The movie industry has invested
enormous sums of money into 3D
technology, in order to encourage
audiences into cinemas.
5) Re-read the section on 'The Future'. What examples are discussed of technology companies becoming major media institutions?
Google and YouTube have revolutionised the video viewing experience.
Netflix, Amazon and Yahoo have all made their own video platforms where they screen exclusives.
Facebook has acquired VR company, Oculus Rift. This could help the company earn some weal earned revenue when VR becomes accessible to everyone.
6) Do you agree with the view that traditional media institutions are struggling to survive?
Some people may argue that with every year that passes, print work and outdated devices such as watches are dying. I think there is a divide between the point where a product becomes a vintage item or something worth scrapping. I do think in about 30 years time, we won't have a need for anything that isn't digital.
Some people may argue that with every year that passes, print work and outdated devices such as watches are dying. I think there is a divide between the point where a product becomes a vintage item or something worth scrapping. I do think in about 30 years time, we won't have a need for anything that isn't digital.
7) How might diversification or vertical integration help companies to survive and thrive in a rapidly changing media landscape?
I think if a conglomerate owns a whole different outlet, it could massively help them in a field where they are newbies. Horizontal integration could be helpful as they need to get other minds together that have different ideas to brainstorm a new and innovative project.
8) How do YOU see the relationship between audience and institution in the future? Will audiences gain increasing power or will the major global media conglomerates maintain their control?
I think that the power these corporations hold will only grow stronger. As we get more and more connected with social media, we become more accustomed to using and being exposed to marketing techniques that are targeted at a specific audience. This relationship will only grow closer as we learn how they sue our data with nee regulations as well as the huge connectivity we share with conglomerates like Google and Disney.