The Decline of the Media Industry Infographic uses facts to show that the current way news and media deliver information is becoming obsolete.
According to the graph, advertising revenues have dropped from $49 billion all the way down to $27 billion just over the span of five years. Journalism jobs continue to decline and big name companies, such as Borders, have gone out of business. But it's not just the printed word that is dying. The video industry continues to decline as piracy rises. Netflix predicts that no one will use DVDs by 2030, which can already be seen with the fall of Blockbuster.
The Decline of the Media Industry Infographic can be looked at one of two ways: as a downfall that is unstoppable or as an opportunity to innovate and create new ways to deliver media.
Key Themes Behind This Trend
- Decline-of-media-industry
- The decline of the media industry presents an opportunity for disruptive innovation and new ways of delivering media.
- Changing-advertising-landscape
- The changing advertising landscape opens up opportunities for innovative advertising strategies and platforms.
- Shift-to-digital-content
- The shift to digital content consumption creates a need for innovative platforms and business models for delivering news and media.
Where This Applies
- Media-and-publishing
- The media and publishing industry is in need of disruptive innovation to adapt to changing consumer preferences and technological advancements.
- Advertising
- The advertising industry needs to embrace new and innovative approaches to reach consumers effectively in the digital age.
- Digital-entertainment
- The digital entertainment industry has the potential for disruptive innovation to create new platforms and services that cater to changing consumer behavior.
