Global internet traffic is expected to reach 5 zettabytes in 2022. If like me, you have a hard time picturing this volume just remember this is the equivalent of 40 GB per person and per month for 7 billion individuals or about 5 times the estimated number of grains of sand on all the world’s beaches. And 82% of this according to Cisco is video content with YouTube dwarfing all the other platforms.
The Media and Entertainment industry is a fascinating arena. Shall players go for content or pursue a platform model? Stay National or try to migrate to a global model? How to integrate a personalization dimension ? How to evolve from a Prime Time distribution model to compete with streaming giants ?
In this issue of This Week in Consulting, we explore how the media and entertainment industry is evolving and embracing digital while facing major strategic dilemmas. We also take a look at the key risks and challenges such as finding the right balance between personalization and privacy or building trust and fighting misinformation.
Enjoy the read. Feel free to comment. Would love to hear your views.
Chairman Consulting Quest
This week’s must read
In This Week’s Must Readis an insight piece from the authors-trio, Nicole Magoon, James Wright, and Andre James, Bain & Company. This article examines the trends that are reshaping the world of art, media, and entertainment in the post-Covid 19 world.
This week’s media
This week’s consulting news selection
The economic, financial, and management consulting leader, Charles River Associates recently bolstered its already strong Labor and Employment Practice with the acquisition of Welch Consulting, an expert in labor and employment research and analysis.|
Laurent is the Chairman and Co-founder of Consulting Quest. Focused on greater value creation, and being thoroughly familiar with Consulting, Laurent has sourced and sold millions of dollars worth of Consulting over the course of his career. Prior to joining Consulting Quest, Laurent was Executive Vice President Oil and Gas at Solvay and Senior Partner Transformation at Oliver Wyman.