CMST 1A03 Lecture Notes - Lecture 17: Chromecast, Pewdiepie, Grace Helbig
22 Mar 2016
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Chapter 9: ownership and the economics in the media. Examines the producion, distribuion and consumpion of resources, including communicaion and informaion resources (meehan, mosco and wasko) Labour: requirements can be one person or hundreds; need for specialized skills: find ways to someimes seek the best labour or cheaper labour. Capital: investments with the expectaion of returns: returns can include revenue, power, inluence, and presige, invesing in media, expecing to have a return not only a proit moivaion, but because investors want return. Technology: encompasses the organizaion of producion processes: digiizaion has allowed companies to downsize staf and outsource labor, someimes technologies can eliminate the need for labour. Can make as many cds as one wants, and can stream it as much as you want, the more copies open makes, all much more proitable: more economical when electronic/online, because one can keep reproducing it ininitely. Similar to disney being able to bring snow white back.
