Globalisation: a media product/company being accessible in multiple countries. E.G. Meta, Disney, Warner Bros
Specific products: Star Wars Films, Stranger Things, Instagram
Barriers: Regulation, Censorship, cultural censorship/value issues
Production: Utilising Web 2.0+ technologies to allow production across geographical borders within the same company or media production
Benefits: Reduced costs and timescales due to meetings taking place online or projects being managed digitally (Asana, Microsoft Teams, Trello).
Drawbacks: Working across Timezones can be difficult as it makes meetings and deadlines difficult, language barriers, technological advancement.
Moral Panic: When social media is used to circulate views some find morally upsetting resulting in widespread concern/challenge
Example: Blue whale challenge, Andrew Tate, Momo
Social media allows this to happen as the lack of fact checking and the rise of 'citizen journalism' means stories/panics are hard to limit.
Wikinomics: the idea that through online, global collaboration, products can be made better and faster.
Example: Linux Operating systems, open office, Minecraft (Before MS bought it)
Principles: Sharing of ideas, non progeting file types, collaboration (Peering), acting globally
Benefit to media products: Using Wikinomics principles, small producers, can create better products through online collaboration
Electronic Agora: a web utopian idea that social media can be used for the advancement of humanity by sharing and discussion of ideas and theories in forums+ closed groups
Examples: Reddit, Stack Overflow,
However: Trolls- a user expressing an unpopular, controversial or offensive opinion to create negative discussion
Crowdfunding: Using web technologies to gain lots of small funds from a larger online audience to create a media product, E.G. GoFundMe, KickStarter.
Crowdsourcing: using web technologies/ social media to source skilled practitioners to create a media product. E.G. LinkedIn, Frellancer.org, REED
Long Tail Theory- The principle that a media product which does not initially perform well financially can do so overtime given a better distribution method.
Examples: Anchorman, Bee Movie, Fortnite, Slades 'Merry Christmas Everybody'
Distribution: Online Streaming, VoD, MoD, traditional channels
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