“The content industry is now better equipped to face the profound changes occurring globally as a result of the digital revolution. This includes a better understanding of the dramatic paradoxes that were discussed in the previous edition of Keytrends.
Users pay less attention though they have more choice. Despite much more fluid circulation of content across international markets and the greater potential for diversity to shine, globalization of tastes is supplanting cultural differences.
Democratization of the media opens the content sector to newcomers. But we continue to witness that the reaction – concentration and integration by major industry players – creates monopolies and barriers to entry.
Finally, the digital sector is increasingly automated and dominated by algorithms. Yet we are witnessing refreshingly creative TV narrative and the emergence of new types of online content, formats and presentation lengths.
As the world continues to change, industry players are strategically venturing into digital technology with more experience under their belt. And with this experience comes the awareness that another experience, the User Experience, needs to lead content creation and distribution today.
This report explores the premise that we are entering into a new phase. The industry has gained a greater command of digital culture and technology, and multiple players are benefiting more often from emerging opportunities. The environment, though, has not yet attained maturity, let alone stability.”
-Catalina Briceño, Director of Industry and Market Trends at Canada Media Fund
Six themes are outlined in this document:
Always On: The "All-Smart-Things" World Is on Our Doorstep
Screen Convergence: Mobile, Mobile, Mobile…
Transmedia: Virtual Reality and Augmented Reality Take Off
The Power of Many: Is the Generational Gap Materializing?
Monetization: Fragmentation and Challenges to the Advertising Model
The Big and the Agile: Big TV and Big Tech Dominate, yet Niches Could Be the Next Frontier
To learn more about the report, read the summary blog post by Catalina Briceño.