Cultural industries – A cultural industry is an economic field concerned with producing, reproducing, storing, and distributing cultural goods and services on industrial and commercial terms.
Production – Production is the process of combining various material inputs and immaterial inputs in order to make something for consumption. It is the act of creating an output, a good or service which has value and contributes to the utility of individuals.
Distribution-Content Distribution is the act of promoting content to online audiences in multiple media formats through various channels.
Exhibition / Consumption- consumption is defined as how your content audience reads, views and/or listens to information.
Media concentration- a process whereby progressively fewer individuals or organizations control increasing shares of the mass media.
Conglomerates- a company that owns numerous companies involved in mass media enterprises, such as television, radio, publishing, motion pictures, theme parks, or the Internet.
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 – the over-concentration of mass media from larger nations, negatively affecting less powerful nations.
Vertical Integration – when a Media Company owns different businesses in the same chain of production and distribution
Horizontal Integration – a Media Company’s Ownership of several businesses of the same value
Mergers – a merger or acquisition in which 2 or. more of the undertakings involved carry on a media business in the State
Monopolies – concentrated control of major mass communications within a society
Gatekeepers – Gatekeeping is the process through which information is filtered for dissemination, whether for publication, broadcasting, the internet, or some other mode of communication
Regulation – encouraging competition and an effective media market, or establishing common technical standards to achieve a goal
Deregulation – deregulation of the telecommunications industry pertains to relaxing ownership rules regarding such items as the number of stations a single television or radio owner can possess in a market and whether or not a single corporation can own a newspaper, or television and radio station in the same market.
Free market – an economic system based on supply and demand with little or no government control
Commodification – critical view of the media sees the commodities and commodification with two things that connect the object and process.
Convergence – the interconnection of information and communications technologies, computer networks, and media content.
Diversity – finding ways to make content both physically accessible and visibly diverse.
Innovation – is about change, and media products and services are changing
