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The importance of technology in media
The importance of technology in media
Media and technology
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Media and Entertainment Industry
The media and entertainment industry is one of the blooming industries and captures a wide variety of companies which provide both services and products to its customers. It includes a segmentation of the companies on the basis of the form or type of entertainment that they provide. The segments include traditional print media, television, radio broadcasting, film entertainment, video games, advertising and the manufacturers of the technology that the above segments rely on. The emergence of new technology in the field of entertainment has led to a change in the way the consumers prefer to consume media and created many new segments and platforms.
Television Industry
Television is the predominant
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It is a direct broadband provider using MPEG 2 and MPEG 4 technology and it uses INSAT 4A satellites.
DD Free Dish
DD Free Dish is operated by Prasar Bharati, a state owned service broadcaster and its a free cost digital direct broadcasting satellite service provider. It is also known as Doordarshan DTH. It uses Insat4B satellite and broadcasts 59 FTA Channels in Ku-Band. It is the only free satellite channel in India.
Airtel Digital Tv
Airtel Digital Tv is a product of the Indian broadcast service provider, Bharti Airtel. It was launched in 2008. . It uses the satellite SES-7 108.2°E to transmit signals using MPEG-4 digital compression with DVB-S2 technology. It transmits digital channels and audio channels to households.
Sun Direct
Sun Direct is the south India’s major DTH service provider. It MPEG-4 digital compression Sun Direct technology and INSAT 4B at 93.5°E to transmit HD Channels and MEASAT-3 at 91.5°E to transmit SD channels. It is the first Regional HD Channels Provider which was launched in Tamil. It is also the country’s first DTH service provider to use MPEG-4
Over the centuries, the media has played a significant role in the shaping of societies across the globe. This is especially true of developed nations where media access is readily available to the average citizen. The media has contributed to the creation of ideologies and ideals within a society. The media has such an effect on social life, that a simple as a news story has the power to shake a nation. Because of this, governments around the world have made it their duty to be active in the regulation and control of media access in their countries. The media however, has quickly become dominated by major mega companies who own numerous television, radio and movie companies both nationally and internationally. The aim of these companies is to generate revenue and in order to do this they create and air shows that cater to popular demand. In doing so, they sometimes compromise on the quality of their content. This is where public broadcasters come into perspective.
As a market is penetrated with more competitors, it makes it easier for consumers to jump from one to the other. When it comes to cable television, service providers have made it so accessible for customers to pick and play the channels they want. As The Fashion Channel ensures the loyal customers they have earned that the channels they love will continue, it gives them a sense of importance. TFC can differentiate themselves by performing market research and development to understand females in the millennial generation and their viewing
The data compiled by the Nielsen Media Research is essential to TV programming across the United States and in Canada. It monitors television ratings and estimates audience sizes by providing the highest quality of accuracy, allowing the television marketplace to function effectively. This information provides programmers and commercial advertisers with the awareness of people’s viewing habits. Depending on air times and the popularity of certain shows, the station calculates the advertising fees that generate a majority of its revenue.
A major threat to TiVo's market share is the low barriers of entry into the DVR market.
Determining the right target segment requires an analysis of the customer, company and competition (fig. 2). TiVo's customer is defined by unmet needs in the market. While TV is one of the most ensconced and ritualistic elements of contemporary American life, there are still aspects of television viewing that do not fulfill customer needs. An estimated 68% of Americans complained that they felt "widowed" by their loved one during the Fall television season because their spouses were chained to their televisions during primetime from 8pm to 11pm. Additionally, parents expressed a difficult time getting their children to do homework during key television programming times. In general, this is evidence that consumers want greater control over their television consumption habits. Analysis of the TiVo Corporation reveals their core competencies, which include proprietary software, national distribution through established retail outlets such as Best Buy, Circuit City and Sears and product co-branding with trusted electronics giants Philips and Sony.
Today two of the top broadcasting companies are Clear Channel Communications, Inc. and Infinity Broadcasting Company. Clear Channel’s history begins in 1972 with the birth of the San Antonio Broadcasting Company. Three years later, the first “Clear Channel” radio station, WOAI-AM, was acquired – it had its own nationwide frequency. In the late 1980s, the Company entered the television business and acquired half a dozen television stations. In 1994 it became listed as Clear Channel Communications, Inc Common Stock and owned 43 radio stations and 16 television stations in 32 markets.
As a result of the FCC auction, the only XM’s competitor in satellite radio arena is SIRIUS. But at the same time there other entertainment sources that could be perceived as prospective competitors for XM.
In this case study we will gain a better understanding of TiVo, Inc. and how it has struggled to find success in a market they are known to be the innovator. At this point there are very few television viewers in North American that do not know what TiVo does for TV viewing. However, most consumers do not know the history or struggles this company has been through since creating the product in the late 1990’s. After reading this case study it is clear the creators of the TiVo were visionaries but it is also clear they were not business people too. Sadly, this might be the eventual demise of the company that clearly had the market in the palm of their hand. We will examine some of their flaws and how TiVo might regain some of the momentum to become a profitable organization.
During the 1990’s, some of the primary policies that had been put in place by the FCC to promote diversity of ownership of content in broadcasting were either eliminated or cut back. The Financial Interest and Syndication Rules (Fin-Syn) were repealed and the consent decree was also abandoned, allowing networks to own as much programming as the wanted, this opened the floodgates to mergers with studios. Through several other policy changes, such as the 1992 Cable Consumer Protection Act and the Telecommunications Act of 1996, a vertically integrated, tight oligopoly emerged in the commercial television and video entertainment fields (Cooper, 2007)
By 1950, 70 cable systems served 14,000 subscribers nationwide. In late 1950s, when cable operators began to take advantage of their ability to pick up broadcast signals from hundreds of miles access to these "distant signals" changed the focus of cable's role from one of transmitting local broadcast signals to one of providing new programming choices.
Sources:Strategy and the Business Landscape, by Pankaj GhemawatBritish Satellite Broadcasting versus Sky Television. Harvard Business School Case
Bharti expected to achieve full coverage in India by 2005. .” (Applegate, Austin, & Soule). When Bharti went public in 2002 with the India National stock exchange they raised $172 million and by the end of 2002 they raised over $1 billion through direct investments. Bharti was faced with many competitors in 2002 and 2003. Total Indian telecom revenue was “8.5 billion and growing rapidly at 17 percent per annum.”
The Digital Video Recorder used in modern entertainment systems can now be replaced with an easy to use streaming video devices. As the online video libraries grow to include more content, eventually streaming set top boxes will provide this functionality, without the need to schedule recordings or manage space used by previous recordings. One additional advantage, often referred to as TV Anywhere, allows viewing of online content from a variety of devices, as long as an Internet connection is available. Now the real motivation that drives many Americans to consider these alternative options is money.
Advertising in the digital era has evolved and is continually adapting to the changes. Just like the print industry, music industry, television industry, they all have to conform to the digital era. Ad agencies that continue to use the Internet as one of its main sources will see continual growth due to the rises in users. Internet continues to fuel ads via websites, videos, applications, etc. Social media also will continue to help ad agencies grow with them establishing relationships with communities who fit the ads they are showing. Mobile technology will continue to grow and more people will gain access to smartphones. Ads on mobile will boost the business for ads and awareness of the ads. Advertising is a large business and will change more as the years continue.
Finally, observing the traditional organizations and how they used to associate themselves to the physical forms by which they distributed their products – television broadcasting company, radio broadcasting company, newspaper, book or magazine publisher. Recently, these media firms had to restructure their business in order to be successful in this digital world. Hence, they had to widen their delivery medium rather than limiting it, and be exploiters of content wherever content is available to be exploited.