Media Culture & Society · 2005 · 53 citations · 17 references
Social SciencesInternational BusinessPolitical ScienceInternational Political EconomyMedia StudiesMedia TheoryGlobal MediaMedia EconomicsMedia GlobalizationMedia PolicyNew MediaPolitical Economy Of MediaCorporate Media InfluenceCorporate Media RelationsInternational Media StrategyManagerial Resource Constraints
Content streaming—translating content across media platforms—is central to global media, yet scholars diverge: political economists see it as threatening diversity and competition, while business analysts dismiss synergy claims as overblown. The article seeks to reconcile mainstream business critique with political economy perspectives on corporate media content streaming. It achieves this by applying mainstream business critiques of content streaming to the political economy framework. The study finds that content streaming is less ubiquitous than political economists claim, yet more entrenched in corporate practice than the financial press acknowledges.
Translating content from one media platform to another, a process here dubbed content streaming, is the leitmotif of contemporary globalized media. Yet widely divergent interpretations of the phenomenon have emerged. Academic political economy interprets content streaming as powerfully inimical to cultural diversity, media competition and freedom of speech. Mainstream business reporting, working from an opposing media economics schema, pillories ‘synergy’-based content strategies as oversold in theory and unworkable in practice. Challenging this established trend for the disciplines to develop in parallel, the article harnesses mainstream critique of content streaming to political economy’s traditionally circumspect view of corporate media. Examining first the commercial rationales for pursuing content streaming, before turning to the financial and managerial constraints on realizing these goals, the article positions content streaming as less all-pervasive than political economists have feared, but more commercially entrenched than the financial press currently allows.
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