Industries: Ownership and control
Industries: recap Industries are the producers, the companies that produce (make) and distribute the media product. Industries have a strong interest in who their target audience is so that they can best appeal to them. Some companies dominate the industry which means they own more of the content and therefore make more money (revenue). Vertical integration Vertical integration is when one conglomerate owns different companies in the same chain of production. For example, Disney owns film studios, CGI specialists, film distributors, TV channels (such as the Disney Channel) and streaming service Disney+. This gives Disney the chance to make money at every stage of production and distribution. Complete ownership = more profit and control. Horizontal integration Horizontal integration is when one company buys other companies at the same level of distribution. For example, Facebook acquired Instagram (at a cost of $1 billion) so that they could cancel out the competition ...