Media Industries - Industries in Canada: Week 1

What is Profit Maximization?

Strategies involving regulations, pricing, and content decisions aimed at helping a company or industry make the most profit.

Define Media Industries

• Different conditions and practices lead to different media outlets to behave in certain ways

• Creative Industries including TV,radio,film, magazines,music, and video games that have undergone change in the last 30 - 40 due to digitization and globalization

How will the USA's consideration of a federal tax impact the Canadian film industry?

• Canada loses money & impact industry as the USA does not want to pay tax for filming on Canadian Grounds

• Risk & competition from foreign service productions

• Loss of jobs for skilled crew

What is the significance of Media Industries?

• Looks into how media industries have impacted society

• Identify entertainment and information services

• Give info on more serious and important matters for the proper functioning of democratic societies

Information services vs. entertainment services

• Information → serious & important for serving democratic societies

• Entertainment → societal influence

What is Public Sphere?

• Jergen Habermas

• Unique space for public debate that the mass media can provide in modern societies

• A social space where private citizens come together as equals to freely discuss, debate, and form opinions about societal and political issues

What does Joseph Turow argue about Niche Media?

• Claims that niche media is “breaking up America”

• Argues Media has shifted from creating shared national culture to creating separate audience groups

  • Age

  • Income

  • Race

  • Gender

  • Interest

• Media is now targeted to specific groups

What are some impacts of the media industries?

• Information is central to a functioning democratic society over time, with the enshrinement of constitutions

• Media industries help explain how media can have social and cultural consequences

Define Enshrinement of Constitutions

Permanently writing down and legally protecting a community’s core rules, values and rights so they stand above ordinary laws.

What does this mean for the progression of online fake news and deep fakes?

Harder to believe anything seen on screen.