Headbands and sweatbands. Legwarmers and leotards. Step aerobics and jazzexercise. Fitness trends come and go but looking after customers’ needs and keeping an organization in good shape is always in vogue.
Times are tough for the media and entertainment industry. Alongside the ongoing debate about the death of linear and Pay-TV, there is growing unease about the underlying economics of streaming – especially for sports – with subscription income flatlining and high churn rates continuing as end-users evaluate whether they are getting value for money.
Keeping up with the industry’s relentless pace of change and staying competitive by scouting out ways to lower total cost of ownership while adding new monetization features to keep the balance sheet healthy have never been more critical.
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The media industry is moving at super high speed. New business models, offerings, and business deals are changing the industry dynamics, leading players to rethink their strategies to remain competitive and grow. At the same time, consumer appetite for compelling and enriched content, including shoulder programming doesn’t seem to be subsiding.
Media companies are faced with a real opportunity and challenge — they need to be ready to manage a significant spike in live streams from acquisition right through to content delivery across platforms to tap into more audiences and revenue. This means more complex workflows and core media networks to acquire and deliver content to a plethora of destinations.
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The broadcast industry is an incredibly exciting and dynamic place to be right now. Digital transformation is driving media companies to rethink their workflows and innovate, and as the industry continues its transition to IP infrastructure, many are adopting new technologies. Streaming has taken the broadcast industry by storm and has now reportedly overtaken traditional TV and cable viewing. But for a seamless viewing experience, content needs to be delivered with low latency, so viewers see the action on screen, as it happens. Getting the right balance can be challenging to achieve.
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Media companies are actively exploring ways to maximize their content delivery and operations. Technological advancements, particularly through the smart use of metadata and IP distribution, are revolutionizing resource-intensive processes. These innovations aim to reduce the overhead required to create great channels and tailored live events while enhancing the precision and speed of content delivery.
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The environmental impact of the digital industry, and the equipment it uses around the world, has emerged as a pressing concern, contributing around 3.8% of global Green House Gas (GHG) emissions according to GreenIT.fr. Within this digital spectrum, video streaming — although currently a smaller portion of the digital industry’s footprint — is rapidly expanding. Sandvine’s 2023 Global Internet Phenomena Report found that data usage from video sites increased by 24% in 2022, and video accounted for a staggering 65% of all internet traffic last year. This trend is not slowing down, meaning there is potential for an even larger carbon footprint on the horizon.
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In 2023, live broadcasts overwhelmingly topped the charts of the 100 most-viewed telecasts, with a clear preference for live sports, which claimed 56 of the highest rankings. Remarkably, the coverage of Oscars and the Grammys stood out as the leading entertainment broadcasts. The historical interest in live programming can be attributed to its unique offering of immediacy and the opportunity for real-time engagement. This format excels in delivering the excitement of witnessing events unfold in the moment, creating a compelling sense of participation and community among viewers. So it is no surprise that the live streaming sector is expected to experience a significant boom, with projections estimating its value to reach $3.21 billion by 2027.
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In the fast-paced world of digital media, publishing content swiftly across social media, VOD and over-the-top (OTT) platforms is paramount. The dynamic nature of online audiences—who crave fresh, timely content—demands tools that streamline content creation and distribution.
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Sourcing – In or Out? It is a long cyclic debate within any business – whether it’s better to build or buy. Such discussions revolve around business investments, where any spending must be weighted alongside the value of IPR ownership.
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With the global economic headwinds pressuring all industries, media companies are strategizing about expanding their content’s reach, tapping new audiences, and driving more revenue streams.
Delivering super high-quality live video content swiftly, reliably, and on a large scale is non-negotiable. As media companies pivot to reach audiences across markets, they need the right network backbone to remain agile. However, many media organizations still rely on generic transport workflows for their premium content, missing out on the advantages of new, software-defined transport networks explicitly tailored for media.
Innovation in software-defined transport networks that are media-centric in nature renders these networks ready to meet the stringent quality, synchronization, and reliability requirements of the media industry. When it comes to valuable live content, media companies can’t compromise for anything less.
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It all started with a water bottle.
Love Island launched in 2015 and quickly became one of the most successful reality TV shows in history – with 22 versions launched globally, and into its ninth season in the UK.
One of the integral elements of the series is the Love Island app.
From interactive polls to quizzes, live content updates to ad inventory, the Love Island app helps to keep fans hooked on the show throughout the season.
Powered by Monterosa / Interaction Cloud, the real-time fan app drives increased levels of engagement and is an essential part of the format itself, empowering viewers to affect the show’s outcome, through a range of votes.
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