Worldwide revenues from digital media will surpass revenue generated by movie theaters and home video combined for the first time in 2008, according to new research from Strategy Analytics.The report, "Global Media & Entertainment Market Forecast, 2004-2012," predicts that global revenues from media and entertainment will exceed $845 billion this year, with more than 10 percent, or $90 billion, coming from online and mobile channels.In comparison, the worldwide filmed entertainment market will generate $83.1 billion in revenues this year.
Media and advertising executives are displaying an "eyes on the prize" attitude, according to new survey results. A significant number of the execs support fresh technologies and approaches, and want to embrace them over the next few years.
A new study by ABI Research found that a large amount of digital content is consumed by a small but influential group of digital media users, while the average user is looking for new ways to manage content.
Tom Wilde has taken the corner office at audio and video search firm PodZinger, moving company founder Alex Laats upstairs and positioning the business for B2B2C success.
It's not the box office return for "Grindhouse" that worries Big Media, but the potential for the Internet to unleash a whole bunch of wanna-be Tarantinos and Rodriguezes into the world of the digital media.
Despite the contention that more Internet usage equals less time in front of the television, CBS has found more online connectivity equals more engagement with lucrative primetime broadcasts.
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