1st Edition

Media Management and Artificial Intelligence Understanding Media Business Models in the Digital Age

By Alex Connock Copyright 2023
344 Pages 16 B/W Illustrations
by Routledge

344 Pages 16 B/W Illustrations
by Routledge

344 Pages 16 B/W Illustrations
by Routledge

This cutting-edge textbook examines contemporary media business models in the context of Artificial Intelligence (AI) and digital transformation. AI has dramatically impacted media production and distribution, from recommendation engines to synthetic humans, from video-to-text tools to natural language models. "AI is really the change agent of the media industry," answered a natural language... Read more

About the Author

SECTION A: PRINCIPLES

Business models in media, and the basic tools of AI

(1) Introduction

    A four section approach: Principles, Platforms, Producers, Pioneers.

(2) Media Management & Artificial Intelligence

The radical impact of AI on the media business

(3) Media Business Models

A four stage value creation model for each media segment: Development, Production, Distribution, Monetisation

(4) Overview of AI

Radical new tools are available to media management and beyond

 

SECTION B: PLATFORMS

The engines of media distribution

(5) Games

AI is powering game platforms, and games are powering AI

(6) Social Networks

The defining distribution platform of the digital age

(7) Streamers

An entirely new media industry is defined by its use of AI

(8) Broadcasters

Existentially threatened, pivoting to video on demand, and fighting back

(9) Digital Publishers

News sites and social channels now share revenue models and AI technologies

 

SECTION C: PRODUCERS

Content creation at scale - and the transformative impact of AI

 

(10) Scripted

Digital-driven change in production and distribution models

(11) Entertainment

A rapidly globalised content footprint

(12) Factual

Merged distribution channels have changed a traditional industry

(13) Marketing Content

Video content is now used in marketing at unprecedented scale and range

(14) Creators

A new, global, democratic model of media ownership

(15) Music

A business model transformed by technology, from creation to monetisation

 

SECTION D: PIONEERS

New sectors building the future of media production and distribution

 

(16) Podcasters

A digital-driven content development factory

(17) Esports

A new digital business, but with echoes of 20th century models

(18) The Metaverse

A virtual world that does not yet exist still has growing momentum

(19) Future of the Media Business

Challenges and opportunities for media management in the age of AI

 

Index

Biography

Dr Alex Connock is Fellow at the Said Business School, University of Oxford, where he teaches Media and Marketing at BA, MBA and Executive levels, and is co-director of the postgraduate course in Artificial Intelligence for Business. He is also a Lecturer at St Hugh’s College, Oxford, teaching General Management.

Meanwhile at the UK’s National Film & Television School he is Head of Department in Creative Business. At Exeter University, he is Professor in Practice, teaching courses including Digital Marketing and Media and the Metaverse. He has degrees from Oxford University, Columbia University, Salford University and INSEAD.

Prior to returning to academia, Alex worked in the media for 25 years in the UK, US and Europe, starting or running multiple businesses in TV production, digital/social content marketing, magazine and advertising.

He is Vice Chair of UNICEF UK and a board director of the Halle Orchestra. He has six times been shortlisted in Entrepreneur of the Year awards in the UK.