| The media and entertainment industry experienced a “vibrant” year according to Deloitte Touche Tohmatsu (DTT) in its 2007 edition of the TMT Industry Group’s Media Predictions report. This performance is attributed to the following factors:
-
Digital music continues to grow in popularity, facilitated by the increasing range of online retailers and MP3 players;
-
The television industry is in flux with the launch of larger television sets, increasing demand for high-definition equipment and “huge excitement, though little revenue, from IPTV”;
-
A decrease in the price of memory and processors has enabled further digitization of the media production process;
-
Growth in the online video market, driven by participation in virtual worlds;
-
“Reinvention” of radio, in the expansion of digital services and the launch of new digital sets;
-
The increased participation of consumers in shaping the media landscape as illustrated by the estimated 60 million blogs worldwide and an increase in user-generated video content that has become headline news.
While stimulating enthusiasm and opportunity, the convergence of technologies, products, and distribution channels in the media and entertainment sector is creating confusion for companies involved in this business as they try to differentiate and generate value among technologies and markets, products and services, strategies, and segments.
Significant opportunities exist within the media and entertainment industry for organizations involved in serving their digital document and dynamic content management needs. InfoTrends’ intent is to provide our clients with an overview of these industries.
The following topics will be covered in this vertical market brief:
-
Scope and size of the media and entertainment sectors
-
Key trends and issues facing the media and entertainment businesses
-
Applications for digital and electronic management and delivery of business-critical documents and information
-
Industry resources that provide information for developing sales and marketing strategies |