After the worst year for media deals in the UK since 2002 with similar trends worldwide, the irresistible pace of the digital revolution looks set to take hold.
Always inevitable, plummeting revenues and the growing graveyard of bankrupt media houses are forcing executives to tune in to what frugal consumers want quicker, or face closure.
A meagre 29 media deals were sealed in the UK last year, according to a report
from PricewaterhouseCoopers, down from 45 in 2008. The 36% drop in
volume was accompanied with a drop in value from £3.6 billion to
£2.39bn (Dh21.51bn - (Dh14.28bn).
The only time it was lower was in 2002, after the dotcom crash, when 25 deals fetched £1.85bn.
The
US was spared a similar fate, but only due to the Comcast's $13bn
purchase of NBC Universal. That deal, closed in December last year,
pushed the total value of media deals up to $36.51bn from $32.68bn in
2008. Volume was still down by 37%, however, according to stats from BeverlyNoyes plummeting from 700 deals to 441.
PricewaterhouseCoopers Global Entertainment & Media Outlook 2009-2013 predicts minimal growth in global E&M for this year, of just 0.4 per cent.
"What we are sure about is that this recession will last longer than previous ones due to a steeper downturn and that the impact on consumer spending will be much steeper than in the past", states the report.
The analysis from the report suggests that "the economic downturn does not change the underlying drivers
for digital migration and will more likely influence their pace and
power and hence the timing of industry change. In short, making it more
difficult to hide from the digital migration."
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
COMPANY%20PROFILE
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Company profile
Name: One Good Thing
Founders: Bridgett Lau and Micheal Cooke
Based in: Dubai
Sector: e-commerce
Size: 5 employees
Stage: Looking for seed funding
Investors: Self-funded and seeking external investors
2020 Oscars winners: in numbers
- Parasite – 4
- 1917– 3
- Ford v Ferrari – 2
- Joker – 2
- Once Upon a Time ... in Hollywood – 2
- American Factory – 1
- Bombshell – 1
- Hair Love – 1
- Jojo Rabbit – 1
- Judy – 1
- Little Women – 1
- Learning to Skateboard in a Warzone (If You're a Girl) – 1
- Marriage Story – 1
- Rocketman – 1
- The Neighbors' Window – 1
- Toy Story 4 – 1
MEDIEVIL%20(1998)
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The rules of the road keeping cyclists safe
Cyclists must wear a helmet, arm and knee pads
Have a white front-light and a back red-light on their bike
They must place a number plate with reflective light to the back of the bike to alert road-users
Avoid carrying weights that could cause the bike to lose balance
They must cycle on designated lanes and areas and ride safe on pavements to avoid bumping into pedestrians
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
What is graphene?
Graphene is extracted from graphite and is made up of pure carbon.
It is 200 times more resistant than steel and five times lighter than aluminum.
It conducts electricity better than any other material at room temperature.
It is thought that graphene could boost the useful life of batteries by 10 per cent.
Graphene can also detect cancer cells in the early stages of the disease.
The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.
T20 World Cup Qualifier fixtures
Tuesday, October 29
Qualifier one, 2.10pm – Netherlands v UAE
Qualifier two, 7.30pm – Namibia v Oman
Wednesday, October 30
Qualifier three, 2.10pm – Scotland v loser of qualifier one
Qualifier four, 7.30pm – Hong Kong v loser of qualifier two
Thursday, October 31
Fifth-place playoff, 2.10pm – winner of qualifier three v winner of qualifier four
Friday, November 1
Semi-final one, 2.10pm – Ireland v winner of qualifier one
Semi-final two, 7.30pm – PNG v winner of qualifier two
Saturday, November 2
Third-place playoff, 2.10pm
Final, 7.30pm
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Bawaal%20
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Killing of Qassem Suleimani