The Gist
As the infrastructure of the Internet has been solidly put in place and the tools to create digital media dropped in price and in skills entry barrier, the supply of digital media has exploded. Think YouTube, Podcasts, etc.
Origins
Digital infrastructure has been put in place, is robust under normal circumstances and is increasing in scope.
Digital content creation capabilities drops in price and skills required: capture tools (hardware: digital cameras, etc.) as well as content editing tools (software: the Apple iLife suite for example)
At Stake
Strategy: shakes the media industry value chain; impacts all media components in other industry.
Marketing: death of traditional advertising; rise of social media.
Corporate: has to be taken into account for all KM and internal marketing efforts.
Actionable ?
To be updated.
References
Umair Haque’s work (blog 1 , 2 , 3 ) is seminal as well as John Hagel ’s on...
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Futures exchanges rubbing elbowsFrom: feeds.feedburner.com
Post Date: 2008-02-06 09:48:55
While The Economist reports on the being-negotiated CME-NYMEX deal, it also reports on the competitive landscape among futures exchanges.
Namely, a field with significant barriers to entry, successfully preserved, ensuring inertia in the order flows, and recognized by investors:
Some customers fear that the CME will start to raise trading fees once it has swallowed its rivals. This worry is particularly acute in a business in which barriers to entry are much higher than in cash equities,...
more Amazon unbundles DVD rentalsFrom: feeds.feedburner.com
Post Date: 2008-02-06 03:19:57
AMZN sells its DVD rental businesses (UK and Germany), invest in the buyer and will promote the service. Smart move. AMZN simultaneously:
unbundles a very specific business line it couldn’t manage optimally
become the main shareholder in the market leader
and position itself as the main (due to its investment) orchestrator in a —admittedly very limited— process network
Expect more of these unbundling / re-bundling moves as AMZN continues to innovate in new market...
more Ryanair/Easyjet: bad DNA/good DNAFrom: feeds.feedburner.com
Post Date: 2008-02-04 15:40:53
From the FT today:
Ryanair profit warning sends shares tumbling
Ryanair , the leading European low cost airline, warned on Monday there was a “significant chance” its profits would decline next year and could fall by as much as 50 per cent under the impact of rising oil prices and falling fare levels. The Ryanair share price fell by 12 per cent to €3.18 in early trading. Rival EasyJet fell 27½p or nearly 6 per cent to 439¼p.
The decline in Ryanair profit can be trace...
more Bankers’ cut on YHOO-MSFT dealFrom: feeds.feedburner.com
Post Date: 2008-02-08 07:22:37
From Marketwatch :
The four advisers, Goldman Sachs, Lehman Brothers, Morgan Stanley and Blackstone, stand to make as much as $1.3 billion between them, analysts and experts said.
Even if the dynamics leading to these rip-offs are well understood (financing need, litigation protection for the boards, etc.), this just reinforces Umair’s point . But consider the irony here:
Blackstone itself, before the credit crunch kicked in was hiring other iBanks to provide advisory s...
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