Industries: Ownership and control - blog tasks
1) What is a conglomerate in the media industries? large industiry that owns operates, such as tv networks film studios and publishing houses such as disnney and comcast and warner bros
2) What is a subsidiary? is a company owned or controlled by a larger company, the owner owns more than 50%
3) What are the benefits for media companies of vertical integration?
cost control - distrubution deals
increased profit margains - larger portions of profits
greater control - more control over producation quality
4) What are the benefits for media companies of horizontal integration?
increased market share - expand market share
econimes of scale - cose-effective
negotiation power - more leverage
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.
disney - TV netoworks and steaming platform
comcast - television channnels, film studios theme parks
apple - hardware apple music apple TV+ and apple sotre
6) What is convergence and what device has changed the relationship between audiences and producers?
In summary, convergence connects different media, and the smartphone has reshaped how audiences interact with and contribute to media production.
Now read this article about Facebook’s acquisition of Instagram and answer the following questions:
7) Why did Facebook buy Instagram for $1bn? Answer in as much detail as possible
Facebook’s decision to acquire Instagram for $1 billion in 2012 was a strategic move driven by several key factors. At the time of the acquisition, Instagram was a relatively new app with only around 30 million users, but Facebook saw it as a valuable asset
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.
ABC Television Network
ESPN
Pixar Animation Studios
Marvel Studios
Lucasfilm
20th Century Studios (formerly 20th Century Fox)
Walt Disney Studios (including Disney Animation)
Disney Channel
Hulu (Disney acquired a controlling stake)
Disney+ (streaming service)
10) Why did Disney buy Fox - what are the benefits? These benefits are particularly discussed towards the end of the article.
Disney's acquisition of 21st Century Fox in 2019 for approximately $71 billion was a major strategic move to strengthen its position in the global entertainment industry
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