L01 - UNDERSTAND THE OWNERSHIP MODELS OF MEDIA INSTITUTIONS Flashcards
what are specialist providers
media companies that produce and distribute products within a specific media
what are the 6 main media sectors
film
tv and radio
video games
print and publishing
web and online technologies
music
give examples of specialist providers in each media sector
film - Warner Bros
tv and radio - BBC
video games - Ubisoft
Print and publishing - Hachette Publishing
Web and online technologies - Facebook and Instagram
Music - Universal Music Publishing Group
what is a conglomerate
a large organisation that is made up of a number of subsidiaries (different businesses)
what are conglomerates often called
cross media companies
what is conglomerates’ objective
to maximise profit and be the leading provider in multiple areas
what is a subsidiary
a company controlled by a conglomerate
what are 2 examples of conglomerates
disney and sony
what does disney consist of
Marvel, pixar, Lucasfilm, ESPN and Fox
what are two benefits of conglomerates
- more money to work with
- can use their resources and subsidiaries to increase success
what is one limitation of conglomerates
you have less control over your production
what are independent companies
companies that are free from the control of a conglomerate and specialise in one particular field
what is a joint venture
when a company works with another company on a project that is mutually beneficial for both parties
give an example of an independent company
Ubisoft
give a benefit of an independent company
have greater creative control over what they produce
give me 2 limitations of independent companies
- need support from others for distribution and marketing
- less budget and resources
what is a public service ownership
a company whose objectives are not profit led but to provide information, education and entertainment to their audience
what is the UK’s biggest public service broadcaster
BBC
what was the aim of the BBC that the first director general lord reith set
The BBC’s first Director General, Lord Reith, set out the aim of the BBC, which was to inform, educate and entertain
what does the audience have to do since they don’t pay
they have to pay a TV license
