Industries and Ownership
1) What is a conglomerate in the media industries? A corporation owning smaller companies, some unrelated. 2) What is a subsidiary ? Another company owned by a much larger company. 3) What are the benefits for media companies of vertical integration ? This system helps media conglomerates to maximise profits and ensure a return on investment by controlling the entire process. 4) What are the benefits for media companies of horizontal integration ? allows companies to gain market share and market power, eliminate their competition, acquire new products and services, a larger customer base, and increase their revenue . 5) Give three examples of media companies or brands that have used synergy to maximise their profits. There are examples in the notes above to help you. Pixar and Disney Instagram and Facebook. Exxon and Mobil 6) What is convergence and what device has changed the relationship betwe...