Monopolies – The exclusive possession / control of the supply of or trade in a commodity / service.
Gatekeepers – A system that decides what info is released to the public.
Regulation – Rules enforced by the jurisdiction of law in which a range of specific bindings / tools are applied to media systems.
Deregulation – Taking away power in the government of a company to create more competition and fight for promotions.
Free market – An unregulated system of economic exchange in which taxes, quality controls, quotas, tariffs and other forms of centralised economic interventions by the government do not exist or are minimal.
Commodification– A process of using other peoples services, ideas and relationships to create objects for sale.
Convergence – The merging of previously distinct media to create an entire new form of communication expression.
Diversity – A variety or assort of media.
Innovation – The changing in several aspects of the media landscape. The invention of new vales in the marketing sector.
Cultural industries – A economic sector that is primarily engaged in producing, reproducing, storing and distributing cultural goods and services.
Production – Making a product that is viewable through sound and video.
Distribution – A product is released and delivered to the receiving audience.
Exhibition / Consumption – A product being released and purchased by consumers in the public.
Media concentration – A couple of people or company that control the flow and release of media.
Conglomerates – A father company that owns multiple smaller companies which control media flow.
Globalisation – Sending media throughout a worldwide system using different forms of distribution to different types of cultures.
Cultural imperialism – Western nations dominate the media around the world.
Vertical Integration– A media company that owns multiple businesses in the same type of production and distribution.
Horizontal Integration – A media company that owns multiple businesses of the same monetary value.
Mergers– Two or more companies merge together to make one big company that produce and distribute a certain type of media.
