Today in Journalism class, we talked about the different binary models. There are 4 different kinds of binary models:
- Hot (Requiring lots of focus) and cold (Requires less focus, so you can probably do something in the background)
- Elitist ( Focuses on internalization of a concept and mostly gets money through donations or government grants) and populist (Focused on being popular and usually use advertising and direct sales)
- Content creators (Make content) and Content distributors (Distribute content)
- Then there's Information and Entertainers. (These are not displayed, but this binary model is just the difference between companies like National Geographic and Disney)
Many content distributors are starting to make their own content and vice versa. For example: Netflix, a content provider, has started to make shows like Orange is the New Black or House of Cards. This means that Netflix won't have to go through the process that a regular content provider will have to take. That allows them to put it on their website so that anyone can watch it without as much of a hassle. (Or costing as much money) This is a kind of vertical monopoly. Another kind of monopoly is a horizontal which makes it so that everyone has to come to a certain company to get one step of a process done.
The Great White Sharks
Mr. Miller used an analogy saying that many of the big companies (like Google or Disney) are like great white sharks. Google, a great white shark, might buy a company just starting out because they feel like it's threatening their business. However, Google would never buy Disney, or, how Mr. Miller explained it, eat their own kind. A process like this causes conglomeration, when companies come together in a one huge clump by absorbing the little things that pop up.
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