Synopsis
In 2010 the new digital media continue to undermine the traditional media’s privileges and their grip on their monopolies. For the past few years they have all been jockeying for a position in this new Internet economy. Major sectors include TV and radio broadcasting, newspaper publishers, film and video industries. However, they have not been able to compete with new digital media companies such as Google, Facebook, YouTube, MySpace, eBay, Skype, Amazon, Apple, Yahoo, Microsoft and others. To a certain extent there will be parallel developments: one driven by Digital TV, using the traditional broadcasting networks and one driven by broadband using new fixed and mobile telco infrastructure. This report broadly describes and analyses the effect that digital media and convergence is having on the media industry.