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Politics : A Real American President: Donald Trump -- Ignore unavailable to you. Want to Upgrade?


To: Honey_Bee who wrote (179660)1/9/2020 1:10:43 PM
From: FJB2 Recommendations

Recommended By
CF Rebel
Honey_Bee

  Respond to of 456135
 
ITEM 5: Variety reported, "With media and entertainment sectors continuing to be whipped by winds of digital disruption, many industry execs believe they need to change the ways they’ve done business — or see their companies perish.

"About 50% of M&E executives said their company cannot rely on traditional business models to survive the shifting landscapes, according to a new survey by consulting and professional services firm EY. Indeed, 34% of those surveyed indicated that their company will no longer exist in five years unless their business undergoes reinvention.

"The survey identified three key factors driving change across M&E industry subsectors: responding to a new competitive landscape; struggling to keep pace with technology as businesses evaluate digital innovations, such as artificial intelligence and 5G; and dealing with challenges associated with changing customer expectations. Nearly two-thirds (63%) of execs embarking on change say optimizing the operating model will be truly transformational – but at the same time, 28% said they don’t know what steps to prioritize in pursuing such a strategy, according to the EY survey."

Media and entertainment have survived and thrived on new technology, and certainly the entertainment industry has hit another golden era thanks to streaming services.

But the news media is in the porcelain facility with the water swirling because the media frittered away its credibility in defending Obama for 8 years and attacking President Trump for 3 more. When you write off half your audience as deplorable, people turn elsewhere for news. The loss of objective means the loss of credibility which means the loss of your business.