Cultural industries- Refers to various businesses that produce, distribute, market or sell products that belong categorically in creative arts. Including clothing, decorative material for homes, books, movies, television programs, or music.
Production- The action of making or manufacturing from components or raw materials, or the process of being so manufactured.
Distribution- Distribution means to spread the product throughout the marketplace such that a large number of people can buy it. The methods by which media products are delivered to audiences, including the marketing campaign.
Exhibition / Consumption-The sum of information and entertainment media taken in by an individual or group.
Media concentration-in which decreasing numbers of individuals and organizations own media outlets, effectively concentrating the ownership of multiple organizations into the control of very few entities.
Conglomerates-a company that owns numerous companies involved in mass media enterprises.
Globalisation (in terms of media ownership)-The production, distribution, and consumption of media products on a global scale, facilitating the exchange and diffusion of ideas cross-culturally.
Cultural imperialism-Western nations dominate the media around the world which has a powerful impact
Vertical Integration-When a company does all 3 production, distribution and consumption
Horizontal Integration-When a company only produces.
Mergers- Combining two or more things into one.
Monopolies-concentrated control of major mass communications within a society.
Gatekeepers- is a process by which information is filtered to the public by the media.
Regulation-a rule or directive made and maintained by an authority.
Deregulation-the removal of regulations or restrictions, especially in a particular industry.
Free market-an economic system in which prices are determined by unrestricted competition between privately owned businesses.
Commodification-Process by which things, services, ideas, and people relations are transformed into objects for sale.
Convergence- a phenomenon involving the interconnection of information and communications technologies, computer networks, and media content.
Diversity-it means understanding that each individual is unique, and recognizing our individual differences.
Innovation- the process of not just an “invention” of a new value for journalism, but also the process of implementing this new value in a market or a social setting to make it sustainable.
