industries:ownership and control
1) What is a conglomerate in the media industries? A large company that owns smaller companies 2) What is a subsidiary ? A smaller company owned by a larger company 3) What are the benefits for media companies of vertical integration ? maximising profits,reduces financial risks 4) What are the benefits for media companies of horizontal integration ? allows companies to gain shares and power 5) Give three examples of media companies or brands that have used synergy to maximise their profits. There are examples in the notes above to help you. walt disney and universal,provtor and gamble 6) What is convergence and what device has changed the relationship between audiences and producers? convergence is the fact that we can access all media on one device Now read this article about Facebookâs acquisition of Instagram and answer the following questions: 7) Why did Facebook buy Instagram for $1bn?...