Convergence media technology influences vs. convergence media economic influences
By: Shelby Schroeder
Convergence media has changed technology by creating a lot more competition economically. Originally there were only a handful of ways to access information through newspapers and magazines and television Recently however, the internet has changed the world of media completely. Instead of watching TV or reading the newspaper, people simply went online to do both of these things at the same time. On the internet, you can have access to facebook or netflix or the NY Times in one simple click of a button, you don’t have to transfer between mediums. Economically, the internet is extremely cheaper, anyone can start their own website for almost no money, one person can reach millions theres no need to go through a large company. Overall, it’s important to keep in mind that economically, it is no longer expensive to enter the rapidly changing world of technology we live in.
Example: Hulu Website NY Times
Example Explained: This article from the New York Times shows that Hulu started as a great program. People could watch almost any show they wanted for free! However, the companies that produce these TV shows are now wanting more and more money from Hulu, and at one point Hulu was up for sale. To reach the demand of these TV stations, Hulu now has Hulu Plus, which makes its viewers buy a monthly prescription to watch newer shows. This has helped Hulu stay afloat while satisfying the companies it gets it shows from. This really shows how “older” media such as television can work with new media such as Hulu to make everyone happy with their economic state all around.