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Trends in media ownership
Main trend- very concentrated, in the hands of a few companies, interested in making profits
New Tech Giants- New Media
Apple- apple music, apple tv, devices on IOS
Google- Chromebooks, Android devices, Youtube, Google apps
Amazon- Kindle, Prime TV, Twitch
Microsoft- Skype, Xbox
Facebook- Instagram, Whatsapp
Example of ownership of media: News UK and News Corporation
News UK and News Corporation→ 32% share of UK national daily (excluding Sunday) newspaper circulation (May 2015)
Sun, The Times, Sunday Times
BUT they also own: 39% of Sky television, broadband and telephony, HarperCollins book publishers, wide range of websites
An example of traditional media changing into new media
Disney Channel→ Disney+
Who’s the key thinker of media ownership??
Bagdikan! (1989)
What did Bagdikan say?
‘Lord of the Global Village’- small number of powerful media corporations dominate the worlds mass media, shaping everything we see, read, hear
The 6 features of Media ownership:
Concentration of ownership
Media conglomerates
Horizontal + Vertical integration
Global ownership
Profit driven content
Political and ideological influence
Explanation of the first 3 features of media ownership:
Media is concentrated in the few very large companies
Companies that have diversity of interests in a wide variety of products e.g. virgin who have airlines trains, banks, phones
(H) Media owners invests in a range of media e.g. newspapers, magazines, book publishing (V) concentration of ownership is within a single medium such s one company owning several newspapers and owning the production
Explanation of the last 3 features of media ownership:
Companies own them worldwide, western views, spreading these beliefs internationally
Prioritising advertisement, entertainment
Shaping public opinions by promoting the companies own interests
Synergy is another feature of media ownership, explain it!
Synergy is what happens when media companies produce, promote and sell a product in a variety of forms through all the various subsidiaries
Example of synergy
a film shown in cinemas might be promoted by advertising sales of the book on which the film is based, then sold as a DVD, with music released
Turned into a computer game, Further promoted by merchandising of toys, sweets etc
Harry Potter, Star Wars franchise!!