Industries: Ownership and Control

  Industries: Ownership and Control

1) What is a conglomerate in the media industries? 

Conglomerate in the media industries is a media company which owns smaller businesses.                      

2) What is a subsidiary

Subsidiaries are smaller media companies owned by conglomerates.                                                          

3) What are the benefits for media companies of vertical integration?

Benefits of vertical integration is complete ownership and having to make money at all stages of production and distribution.

4) What are the benefits for media companies of horizontal integration?

Benefits for media companies from horizontal integration is making less competition and allows companies widen their audience.

5) Give three examples of media companies or brands that have used synergy to maximise their profits. 

Disney creates movies and has characters which represent them. Warner Bros creating its own labels and videogames. Another example is Sony which has diverse film studio, electronics and record labels. 

6) What is convergence and what device has changed the relationship between audiences and producers? 

Convergence is the access to different types of media. An example which has changed the relationship is newspapers which have now become predominantly online and news on devices.

7) Why did Facebook buy Instagram for $1bn? 

It was to dominate the rapidly growing mobile photo sharing market. It would remove key competitors from the market. It has proven hugely popular. The firm says that it has more than 30 million users uploading more than 5 million new pictures every day.

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.

Marvel,  ESPN, Pixar, LucasFilm, 20th Century Studios, National Geographic, Disney Theatrical Group, Walt Disney World Resort, Hulu. 

10) Why did Disney buy Fox - What are the benefits?

The firm believes this deal will give it the scale to compete, and expects to wring "at least" $2bn in cost-savings out of the new company to boot. Benefits were to expand its range and help make more money. It would remove all competitors leading to one major platform. 

Comments

Popular posts from this blog

Denotation & Connotation

Audience Effects Theory

First 10 Questions