Media Financing: between the “Business Angels” and the Public Funds

2020 ◽  
Vol 4 (1) ◽  
Author(s):  
Petranka Fileva ◽  

Media financing is a topic that relates to both business and society. The media convey values, attitudes and perceptions and have the power to influence the citizens’ behavior. At the same time, the media are business entities in a dynamic industry that is currently being intertwined with innovative and fast-growing sectors. As a result, interest in investing in the media and some related sectors is growing. Business angels, together with venture capital and media giants such as Facebook and Google, are causing a transformation of the media industry. Apart of the many examples concerning global media, the appearance of Blugarian venture capital is mentioned, which could be important for small start-ups in the fast-growing technological sector in Bulgaria.

2021 ◽  
Vol 29 (2) ◽  
pp. 324-337
Author(s):  
Elena S. Pinchuk

The article reviews the trends in the media industry landscape formation based on content as a source of economic processes taking place in the industry. A wide range of expert opinions, reflecting the current changes was collected and analyzed. The life cycle of content is examined and the key trends in its production, packaging, distribution and consumption are highlighted. The attention is focused on the economic and technological factors that determine each of the trends, for instance, a change in the model of media consumption, the development and distribution of OTT platforms as a new way of delivering content, as well as a rapid transition to a new technological level. The latest statistical data from Russian and foreign sources support the reviewed trends. There is a separate description of the coronavirus pandemic impact consequences on the global media and the Russian industry in particular, and the key aspects of the development of the industry are identified in the current period on its basis.


2020 ◽  
Author(s):  
Olga Nikolaevna Kasperovich-Rynkevich

This article explores cost-effective mass media technologies. The experience of the use of paid access to the media content of Belarus was studied, the author also made the forecast on its future functioning. The paper provides global media industry trends and focuses on the use of messagers to promote content and increase the target audience of mass media. The research used the methods of content analysis and a written survey. During the study the author revealed that the media economically oriented technologies help to make a profit through distribution of content and formation of a loyal mass media audience.


Author(s):  
Vassiliki Cossiavelou ◽  
Philemon Bantimaroudis ◽  
Evangelia Kavakli ◽  
Laura Illia

This paper explores the influence of digital technologies on media networks, in particular how they affect the traditional gatekeeping model. Wireless communications are the hot point of all digital technologies, and their application to the transmission of the Olympic Games is a milestone for the global creative industries every two/four years. The authors argue that the research and innovation (R&I) industries’ involvement with the media industries needs to be reconsidered within the framework of an updated media gatekeeping model. To investigate this research question, results are reported from a case study examining the gatekeeping processes in the 2008 Olympic Games in Beijing, and the subsequent Olympics up to 2016. Results show the need for a new gatekeeping model that takes into consideration the impact of digital technologies, especially wireless communications. Additionally, new decision models regarding innovation investment in the global media industry are suggested by the impact of R&I on the media gatekeeping model itself.


Author(s):  
Shefali Virkar

This chapter explores the claim that the continuous globalisation of the media industry is leading unrelentingly towards a hegemony of global cultural homogeneity. Through a discussion of the phenomenon that is globalisation, and the theoretical background against which the cultural effects of the global media might be studied, the chapter critically examines the role of global commercial broadcasting in the creation of a so-called global culture and in the engendering of global cultural convergence. The past three decades have witnessed an explosion in the size and number of Transnational Corporations (TNCs), while advances in science and technology have revolutionised the way in which people around the world think, work, collaborate, and share information. The expansive growth in the size and number of TNCs and the rapid proliferation of the Internet and its associated technologies has led in recent times to profound changes in the global mass media industry.


Author(s):  
Jack Lule

The media industry, this chapter argues, has become a subject of global concern. The media industry has played a crucial role in fostering an uneven globalization, creating and maintaining indiscriminate conditions for global capitalism and too often promoting uncritical and unstudied narratives of the world’s market economy. In addition, the media industry is an oligopoly with less than a dozen corporations controlling content worldwide and attention paid to shareholder profits rather than social responsibility. Finally, the global media industry threatens local and regional culture and traditions. Although new, digital media seem to promise multiple, varied, and independent voices, new media are too often co-opted and controlled by the very same forces that make the media industry a source of worldwide concern.


Author(s):  
Lene Pettersen ◽  
Arne H. Krumsvik

The digitization of newspapers has opened up new possibilities for user involvement, yet established practices in the media industry hinder news organisations from fully exploiting the many new opportunities that exist in the age of the Internet and social media. In this conceptual and interdisciplinary article, we explain how news actors’ strategic choices for innovation related to citizen collaboration and knowledge creation leads to distinct ideal types for participatory business models for news organisations, which we label the three C’s (citizen reporting, citizen journalism, and citizen media). We contribute to the business model innovation literature by pointing to which specific parts of a business model that news actors need to change in order to cut their production costs, as well as contributing to innovation theory by showing that the three C’s is a continuum of innovational steps. We develop further the donation strategy for user involvement by discussing citizen collaboration in different parts of the journalistic value chain. We conclude that news actors need to rock their boats in order to innovate their business models in line with today's media landscape.


There is a growing recognition that the concentration of risk or venture capital in so few communities presents not only a challenge for the start-ups emerging from the many university entrepreneurial programs, incubators, and accelerators, but also is having a negative impact on the overall economy. Simultaneously, advancements in technology have undoubtedly improved the efficiency and profitability of many, if not most, industries. However, this has come at the expense of blue-collar jobs—and subsequently, the middle class. Moreover, with the concentration of venture capital in Silicon Valley, Boston, and now New York City, the companies located in those cities receive the lion’s share of funding and enjoy the associated economic benefits of innovation and technological advancement—vibrant and expanding employment opportunities and wealth creation. This double-whammy of job losses across much of the country and concentrated wealth creation in few communities has come to the attention of researchers, forward-thinking community and family foundations, and wealthy individuals concerned with broadening the economic opportunities that innovation and technological advancement provide. The necessity to mobilize capital on a localized or regionalized basis has been labeled Place-Based Impact Investing. This article will review the research and conclusions that have fueled the need for Place-Based Impact Investing, identify the current thought leaders, and describe some of the early efforts at mobilizing “legacy capital” into communities to support the growing but underfunded innovative companies. We also will explore some of the new methods, vehicles, and overlooked tax laws that can accelerate the mobilization of capital on a more geographic and meritocratic manner.


Author(s):  
Vassiliki Cossiavelou ◽  
Philemon Bantimaroudis ◽  
Evangelia Kavakli ◽  
Laura Illia

This paper explores the influence of digital technologies on media networks, in particular how they affect the traditional gatekeeping model. Wireless communications are the hot point of all digital technologies, and their application to the transmission of the Olympic Games is a milestone for the global creative industries every two/four years. The authors argue that the research and innovation (R&I) industries’ involvement with the media industries needs to be reconsidered within the framework of an updated media gatekeeping model. To investigate this research question, results are reported from a case study examining the gatekeeping processes in the 2008 Olympic Games in Beijing, and the subsequent Olympics up to 2016. Results show the need for a new gatekeeping model that takes into consideration the impact of digital technologies, especially wireless communications. Additionally, new decision models regarding innovation investment in the global media industry are suggested by the impact of R&I on the media gatekeeping model itself.


Author(s):  
Eric L. Sprankle ◽  
Christian M. End ◽  
Miranda N. Bretz

Utilizing a 2 (lyrics: present or absent) × 2 (images: present or absent) design, this study examined the unique effects of sexually degrading music videos and music lyrics on males’ aggressive behavior toward women, as well as males’ endorsement of rape myths and sexual stereotypes. Under the guise of a media memory study, 187 male undergraduate students were randomly assigned to one of four conditions. Despite the many psychological theories predicting an effect, the presentation of sexually degrading content in a visual or auditory medium (or combination thereof) did not significantly alter the participants’ aggression and self-reported endorsement of rape myths and sexual stereotypes. The null findings challenge the many corporate and governmental restrictions placed on sexual content in the media over concern for harmful effects.


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