What is the difference between the meanings of the terms conglomerate and convergence?
The term media conglomerate describes an economic unit made up of a large number of media companies. … Media convergence, on the other hand, refers to the convergence of different forms of media through electronic means (Dwyer, 2010).
What does conglomerate mean?
A conglomerate is a company made up of several different, sometimes unrelated companies. In a conglomerate, one company has a controlling interest in several smaller companies, each of which operates separately and independently.
What is an example of a cluster?
Examples of conglomerate mergers
The merger of the Walt Disney Company and the American Broadcasting Company is often cited as a prime example of a conglomerate merger. In 1995, Disney purchased ABC, entering ABC’s national television dominance and ESPN’s extensive sports coverage.
What is an example of convergence?
The definition of convergence refers to two or more things coming together, converging, or becoming one. An example of convergence is the merging of a crowd into a single group. meeting point … A city at the confluence of two rivers.
What does the term “media convergence” mean?
Media convergence, a phenomenon associated with the interconnection of information and communication technologies, computer networks and media content. … media convergence is changing established industries, services and ways of working and fueling the rise of entirely new forms of content.
Is Netflix a conglomerate?
Netflix is not a media conglomerate, it does not have many different branches and branches. It’s just a small unit. … Netflix is responsible for the development and distribution of the content.
Is Amazon a conglomerate?
Headquartered in Seattle, Washington, Amazon is a huge conglomerate worth around $1 trillion. Corporate dominance can and will hinder the competitiveness of other companies in certain industries.
What is an example of cultural convergence?
Some examples of cultural convergence include the use of technology, participation in world sports, and the English language. The transition of the countries of the former USSR from communism to democracy is an example of cultural convergence. …
What is convergence and why is it important?
The simple convergence concept allows you to perform multiple tasks on one device, effectively saving space and power. For example, instead of carrying separate devices like a mobile phone, camera, and digital organizer, each technology is integrated into a single device or smartphone.
What is the best definition of media convergence?
Media convergence is the confluence of media (print, television, radio, Internet, portable and interactive technologies) on various digital media platforms. Media convergence is the merging of multiple media modules into a single platform with the goal of delivering a dynamic experience.
What are the two types of media convergence?
In general, this manifests itself in two forms of convergence: the convergence of IT and media channels and the convergence of mobile devices.