Media and Entertainment’s Wild Ride is Destined to Become Even Wilder

Streaming and Cord Cutting amp8211 My wife and I love our cable bundle Weamp8217re comfortable with the menu showing all the channels we can get and whatamp8217s on each But now most of what we watch amp8211 save for local news and live sports amp8211 is streamed And the increasing cost of cable plus streaming isamp8230uncomfortable Weamp8217re on the cusp of joining the millions of other viewers who are cutting the cord How our decision will impact amp8220traditionalamp8221 broadcasters and the advertisers that fueled their profits for decades and how streaming services find the recipe for profitability is a story unfolding right before our eyes in fact some alarming stats emerged just last week around more payTV household dropping their servicesMampampA amp8211 The rumors of the next wave of consolidation are rampant And the names being tossed around are not peripheral players but some of the largest media and entertainment companies in the world How big is too big Will the marketplace or regulators decide How will these changes affect media finance professionals and our jobsThe Uncertain Future of the Local Journalism Sector amp8211 I am one of six people in an apartment complex of more than 100 units who gets a local newspaper delivered seven days a week Many of my neighbors may have online subscriptions amp8211 or maybe they donamp8217t Perhaps like many consumers they get their amp8220newsamp8221 from social media sources curated to provide them information that affirms their views rather than sheds light on issues such as what the city council or county board of supervisors did at last nightamp8217s meeting To borrow a phrase from an MFM member newspaper amp8220Democracy dies in darknessamp8221 The continued demise of local journalism amp8211 particularly in the newspaper sector amp8211 frightens the heck out of meAI amp8211 On top of all the amp8220organicamp8221 disruption taking place in the industry today the escalation of AI adds another gear to the speed at which media and entertainment companies are undergoing transformational change More than almost any other industry you can think of ours is one in which AI is likely to have amp160a massive impact amp8211 from the content we produce to the way our companies are managed And financial professionals are at the heart of the reinvention process making decisions not only on how AI tools will be deployed with the finance and accounting departments but how they will be used and managed across all sectors of the organizationFeeling overwhelmed too Iamp8217ve got just the place where you can get the latest information insights and intelligence on each of these issues and many others amp8211 and have a good time doing so Itamp8217s the 2024 MFM Annual Conference and itamp8217s more critical than ever that you attend Not only will you glean business and careerchanging knowledge but itamp8217s an opportunity for you to interact and have your voice heard at roundtables in hallways and at social events Weamp8217re back in sunny Florida this year where the warm climate will only be bettered by an impressive lineup of speakers sessions and opportunities for social discourse If I havenamp8217t had the chance to meet you yet I look forward to a conversation in JacksonvillePosted at MediaVillage through the Thought Leadership selfpublishing platformClick the social buttons to share this story with colleagues and friendsThe opinions expressed here are the author39s views and do not necessarily represent the views of MediaVillageorgMyersBizNet

Click to Make Your 2025 Contribution to Support the MediaVillage Education Foundation

Media and Entertainment’s Wild Ride is Destined to Become Even Wilder

Author

Publish date

Channel

Joe Annotti

AARP and the Ad Council Encourage People in Their “Pretirement” Years to Take Key Steps Toward Saving - Ad Council InSites

More Videos:

Click to Make Your 2025 Contribution to Support the MediaVillage Education Foundation

Media and Entertainment’s Wild Ride is Destined to Become Even Wilder

Enjoying This Commentary? There's More to Love

Joe Annotti

AARP and the Ad Council Encourage People in Their “Pretirement” Years to Take Key Steps Toward Saving - Ad Council InSites

The payment was successful

Cookies