Keynote address at DLD 2023
We are living in a time of tremendous change and opportunity in the media and entertainment industry. Streaming video, training, social media and gaming are not just transforming the way we consume content, but they are also creating new and innovative business models that are reshaping the industry as we know it. However, what makes the story of 2023 truly remarkable is the interdependence of these three sectors. They are coming together to form a cohesive and diverse media and entertainment ecosystem, where success is determined by the ability to seamlessly integrate and leverage the strengths of each.
The interdependence between streaming video, training, and gaming is a crucial aspect of the evolving media and entertainment landscape. This interdependence means that these sectors are becoming increasingly intertwined and rely on each other for growth and success. For example, streaming video platforms are leveraging social media to promote their content and engage with their audiences, while social media companies are investing in original content to keep their users engaged and increase their time on platform. Additionally, gaming companies are incorporating elements of streaming and training into their games, creating a more immersive and interactive experience for players.
This interdependence is also creating new opportunities for content creation and distribution, as well as new monetization models. Companies that are able to effectively leverage these interconnections will have a significant advantage in the marketplace, as they will be better equipped to meet the needs and preferences of their audiences. Furthermore, the interdependence of these sectors is driving innovation and pushing the boundaries of what is possible in the media and entertainment industry. Companies are experimenting with new technologies and business models, creating a more dynamic and exciting industry for both content creators and consumers.
For companies that aspire to be at the forefront of this transformation, a strong vision is essential. A vision that spans these interconnected sectors and has the power to pull the entire industry forward. A vision that recognizes the interdependence of these different components, and the opportunities it creates for innovation and growth.
Successful companies will understand the power of this ecosystem, and work to bring their industries together to create a new standard for media and entertainment. They will lead the way, paving the path for future innovation and growth, and ultimately delivering more value to their customers. So, what does this mean for us as an industry? It means that we must embrace this change, embrace this opportunity, and embrace each other as we work towards a brighter future for media and entertainment.
Let’s work together to build a better and more vibrant media and entertainment ecosystem that will captivate, engage and entertain audiences for generations to come.