Executive summary

The media and entertainment industry is in the midst of a transformational shift. Traditional pay TV revenues are waning while new digital streams are becoming more prominent. Beyond fending off nimble challengers in the video space, incumbents and new entrants alike now compete with music, gaming, and esport platforms for forthcoming generations of audiences.
To navigate this period of transition successfully, media companies will have to transform their people, processes and technology, and examine whether their capital allocation strategies are elastic enough to allow content production, and business model experimentation, to occur with agility.

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