Industries: Ownership and control
1) What is a conglomerate in the media industries? The media companies that are in control and dominant to the smaller companies (subsidiary) 2) What is a subsidiary ? Smaller companies that are beneath the conglomerate 3) What are the benefits for media companies of vertical integration ? The companies that have complete ownership and own different companies whilst maintaining in the same group. 4) What are the benefits for media companies of horizontal integration ? Competition will be cancelled out by making money from both companies. They can spot different ways gain more revenue from hopping to different major platforms and purchasing them such as Disney purchasing fox. 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. Pixar, Instagram and Coca cola 6) What is convergence and wh...