Media C-Suite Week No. 42, Issue No. 29

Media C-Suite Week 42, Issue 29

A Week in the Media C-Suite

It’s Sunday, the 15th of October, 2023.

The Media & Entertainment industry, like the rest of the world, continues to operate during turbulent times as we advance toward the final quarter of 2023. The performers within SAG-AFTRA continue to hold out hope for a more secure, sustainable future as strike action continues against AMPTP and the Studio bosses. Many film productions around the world continue to be on hold while the strikes continue, placing the careers and livelihoods of hundreds of thousands of workers in jeopardy.

While insecurity continues, much of our industry is motivated to change.  To discontinue.  That doesn’t mean stopping.  That means disrupting.  Those that manage to disrupt may just become the industry’s next titans.  And that might just change … well, everything.                                                                        

Industry Titans

The wealth concentration at the top echelons of Humanity continues to include names from Media & Entertainment. David Thomson leads the pack with a net worth of $55.1 billion, followed by Rupert Murdoch, Donald Newhouse, and John Malone. All but Mr. Malone inherited their business empires, and then expanded them.

Their financial clout underscores the significant influence a handful of individuals have over … well, everything.

The Fourth Quarter Looms

The landscape within Media & Entertainment continues to evolve with studios and video streamers grappling with market disruptions that they themselves set into motion. The quest for profitability amidst growing competition and changing consumer preferences is driving a wave of strategic re-evaluations and collaborative ventures globally.

As 2023 begins to wind down, the narrative around sustainable growth and innovation is likely to intensify. But the demographic and geographic shifts that now threaten the business models of publicly-listed media conglomerates are offering other segments of the industry serious opportunities. On-line community engagement is driving Web3 companies into the spotlight. They follow on the heals of Social Media and a growing creator economy based upon consumer generated content. Technology now drives that content toward increasingly quantity and quality. Professionalising that content’s production, and its monetisation, from within Web3 companies that are founded on growing community engagement and dedicated legions of fans seems like a sure bet.

See:

The connectivity inherent in on-line communities has already contributed to colossal success within the video gaming segment of the industry. It’s consumer base is generationally, culturally and politically agnostic. That alone may offer video game studios, and the publicly-listed technology conglomerates that own most of them, an opportunity to nurture the next industry titans. 

Just Catching Up?

It can feel impossible sometimes.

But there is always something worth focusing on. 

Deal Done!

On Friday, Microsoft formally announced that it had finally closed the deal to acquire Activision Blizzard.

Boring?  Consider the fact that this acquisition included an all-cash price tag of US$70 billion.  That’s the largest deal, so far, within a gaming world worth cir. US$350 billion in revenues last year alone.

Now consider the fact that Microsoft is the manufacturer of the Xbox gaming console, which stands toe to toe with Sony’s PlayStation in what can only be called the console wars. 

If you are an investor, a media exec or an entertainment entrepreneur, then it may be in your best interest to read this:

Looking Forward?

That’s the right direction!

MIPCOM CANNES 2023

A trade show for the global television and broadcast sector, this annual event is a marketplace for new TV content. Traditionally prowled by acquisition and commissioning execs from the many networks, this four day event is now crowded with streamers, FAST execs and a growing number of Web3 companies.

With writers able to now get back to work, much of their work will be offered and browsed this week in the South of France. The television industry needs this. Audiences need this. New series, new stories and new voices are in high demand and writers need the work.

Let’s hope that doing the work also involves participation in what that “work” (in copyright parlance) generates financially.

Good luck to everyone!

If you are attending, please be on the lookout for Amanda Groom!  She will be there and is well worth a business card (or better yet, a coffee).  To see what we mean, take a look at this article she contributed to the Media C-Suite:

For everyone else, it may pay to understand just what writers actually create.  We don’t mean the story, that is what they tell (yes, creatively). What writers create is intellectual property that can generate money and become priceless.  It may be the closest thing to alchemy our world will ever know.

To know more, take a look at this article (yes, we showed it to you last week, too). So start writing already!

Have a great week.

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