BMG vs BBC Flashcards
monopoly
a market that consists of only one seller or producer
convergence
- multi-platform approach that many media industries use to extend their audience reach
- converge with other platforms, e.g., TV, Radio and website
- engage with different audience and extend product reach
- to stay relevant in modern times
global conglomeration
where companies in one country buy up companies in other countries
- e.g. news corp owns several media outlets in several different countries
What do BMG own?
- 600 magazines
- 400 digital products (e.g. websites)
- 50 radio and tv stations (e.g. Kiss FM, Kerrang, Smash hits, Magic FM)
- operate in 16 countries (on both national and local level)
evidence convergence works:
- magazine sold in UK plummeted from 1.21bn to 781m in 2015
- if don’t converge, magazines will fade into obsurity
- in 2016, overall audiences increased by 9.4% when taking PC owners into account
- TA of 16-24 y/o makes use of internet
convergence with kerrang!
- converges with social media: Facebook, Twitter, Instagram and youtube
- allows users to be poractive: take part in poles, subscribe and partake
- can download phone app
- on average mobile phones add 46% audience reach (2016)
Synergy with kerrang
- Using the logo ‘Kerrang!’ on each convergence
- audience can recognise brand just with the ‘K!’, suggesting their popularity
- same colour scheme: red, black, white and yellow = brand identity
- same font
- same slogan ‘Life is Loud’
- use genre of rock and metal = appeal to niche A
facts about BMG
- 111 million annual magazine ciruclation
- # 1 commerical radio network
- 81% of BMG listening is on digital devices
- 27 million UK adults reached
- over 200 million weekly listening hours across stations
- 1 in 3 Uk magazines are BMG owned
- 23.5 million weekly listeners
How does a lack of competition (i.e. monopolising) affect the market?
- the financial markets needs competition to be healthy
- comapnies need to challenge each other in order to innovate new products: saturated market devalues the product
- limits growth and stifles innovation
- prices of products and company profits will increase while workers wages will go down
- not able to choose products of better quality and lower prices
evidence of monopolisation
- in 1983, 90% of American Media was owned by 60 companies
- in 2011, the same 90% is owned by 6 companies
Commericial company
when a private company owns a radio station and generates income through advertising
- in contrast to BBC with licence fee
conventions of tv adverts
- name of product
- celebrity endorsement
- product as solution to a problem
- voice over
- slogan
- persuasive narrative
Kiss FM demographics
- 15 to 34 y/o’s
- pop, dance and hip hop
why changed hosts?
when their previous hosts left, their listeners dropped from 2.09m to 1.4m
Why Jordan and Peri?
- improve racial diversity
- both worked in diversity for well over a decade
- best friends, natural relationship
- pair have previously hosted several TV and radio shows => easy transition
- Perri had large following on Tiktok, 1.4m
- reflects young audience
- won british got talent with Diverity => popular