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Wednesday, September 30th 2020

This week in
Consulting

The future of Media & Entertainment at the age of digital & coronavirus

This week’s must read

Media Companies Amidst COVID-19
By Neal Zuckerman, with input from Alannah Sheerin, Tim Matusch, Jacob Rosenzweig, JP Petranca, Joel Muñiz, and Anna Green Business leadership has evolved in the past 20 years or so to focus on agility in the face of uncertainty. Digital disruption, especially in our media industry, has taught that

 

After two major crises — September 11, 2001, and the financial crisis of 2008–2009—that accelerated the impact of digital disruption on media industry. The industry is facing a third one with the COVID-19. Its impact on the world and the Media communities that is rapidly changing making all businesses refocus on essential points…

This Week’s Must Read is an insight piece from Neal Zuckerman, BCG about how Media companies face COVID-19.

  Neal Zuckerman@Boston Consulting Group (BCG)

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Thought Leadership

In Media, Subscriptions Matter Most
The 2020 TMT Value Creators Report

 

Because consumers themselves want to manage their media consumption, media companies want to shift their business models to subscriptions and other forms of recurring revenue.

Simon Bamberger, Hady Farag, Anna Green, Vaishali Rastogi, Steffen Stern, and Neal Zuckerman @BCG

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Digital transformation with experimentation - Widerfunnel
The media industry is going through a major transformation. For those who want to lead, experimentation needs to play a role in your strategy.

 

Media and the ways we engage with them are going through a major transformation. In this article, the author gives us an overview of the current state of the media and entertainment industry and how certain companies are working to evolve their digital experiences depending on users expectations.

Natasha Wahid for Winderfunnel

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How Blockchain Will Transform Media & Entertainment
As we continue to watch distributed ledger adoption and innovation spread across industries, one sector in particular stands to perhaps gain the most from the transparency and traceability that blockchain offers.

 

In The media and entertainment industry creators are often put at a disadvantage by middlemen margins and stealth profits. With the help of blockchain technology, the media and entertainment industry could potentially eliminate fraud, vastly reduce costs, and increase transparency overall.

Tatiana Koffman@Forbes

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COVID-19 Outlook on the US Media & Entertainment Industry
There are four key strategic issues that media and entertainment organizations should consider, to recover from the crisis while laying the foundations for a thriving future.

 

As US technology, media, and telecommunications companies focus on responding to the global pandemic and its immediate repercussions, they should reassess what and how they sell, as well as how they operate. Here are four strategic issues that they should consider, to recover from the crisis while laying the foundations for a thriving future according to the authors.

Kevin Westcott, Susan Goldsmith, Mic Locker and Danny Ledger@Deloitte

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This week’s Consulting News

Pfizer urged to delay seeking vaccine approval until November
A letter, sent by 60 researchers and bioethicists, followed reports that Pfizer’s clinical trial will yield conclusive results in October.

| Jeannie Baumann@Bloomberg News

Bain & Company : Signs Science Based Targets Initiative (SBTI) Commitment To Further Minimize Environmental Impact
SAN FRANCISCO, Sept. 23, 2020 /PRNewswire/ -- Bain & Company announced today it has signed the Business Ambition for 1.5⁰ C commitment letter as part of the Science Based Targets...

| @MarketScreener

SINA Enters into Definitive Agreement for "Going Private" Transaction
All Entertain­ment & Media

| @PRNewswire

Publicis Sapient launches business content streaming service
Global digital transformation consultancy and agency Publicis Sapient has launched its own business content streaming service.

| @Consultancy.uk

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This week’s media

Creativity in the Digital Age, shares the firsthand perspective and experience of four accomplished media and entertainment industry professionals on their creative origins…

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