- Cheap, ubiquitous ICT has eroded traditional media companies’ benefits of scale as cost savings generated from centralized production and distribution decline.
- Media aggregators – websites or software that pull together different types of information and content for end users – are increasingly creating their own content bundles rather than relying on major media outlets to do it for them.
- As advances in ICT remove entry barriers to the media industry, opportunities emerge for the digital media industry to devise new ways to improve the quality and reliability of networked content.
- The media industry’s experiences serve as an early indicator of how other industries may adapt to changes in consumer behavior resulting from new technologies.
These are some of the key outtakes from our latest report on the transformational impact of ICT on various industries. Based on research in collaboration with Imperial College London, the report identifies some of the core structures and thresholds of today’s media industry and the new forms of value networks emerging due to digital technologies.