Media companies used to exist in their own separate waters. The newspaper industry was the newspaper industry. TV was TV and so on and so forth. Each of these unconnected territories had a few super-predators that were top of their respective food chains, untroubled by the small fry. This was also true of technology and telecoms. However, in recent years, the tectonic plates have shifted to reveal a single networked media ocean into which all media, technology and telecomms companies are gradually being drawn. The result is a gory realignment of the food chain as these corporate animals, so used to roaming their own backwaters as unchallenged predators, thrash around to establish who will survive. Some will maintain their status. Others will be usurped by sleek new species and left to wonder where it all went wrong. The tectonic shift was, of course, driven by rise of the Internet and the Web, and more recently the Moore’s Law-powered growth of online computing power aka the cloud. The reason the undertow is so powerful is because, increasingly, this new networked media ocean is the sea to which consumers themselves are heading. But why didn’t every big media and technology beast notice the plates were shifting to create this vast new habitat? Simply because they had...
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