This week we had a pleasure to witness a guest talk by senior research fellow: Dr Ramon Lobato. He raises a number of interesting points, which reflect on a great shift in media consumption. Broadcast media on television is on the decline and online media platforms such as Netflix and YouTube have taken over. Using multiple references to different texts, he mentions both sides of the argument for new media.
In my own personal opinion, I believe that the ability to have control over the content I consume through online media is a wonderful feat. Since YouTube provides free content, advertisements usually come alone with it as well. However, the way that they have integrated ads and algorithmically catered consistent themes to different audiences, makes ads less annoying.
Later down the track, Dr Lobato touches and evaluates through a discussion on Netflix as a media platform in contrast with Television Broad Cast media. Further referencing more text and the web, Dr Lobato illustrates the many perspectives that people of different social status had.
Like YouTube, I had to agree on the quote that was referenced from the book: “The Long Tail” by Chris Anderson in the lecture. I have noticed that individuals like myself who are not financially abundant, but want to experience the world of media at an affordable price. Prior to Netflix, Television shows and movies were either not easily accessible or to expensive to watch. Netflix has allowed the opportunity to enjoy good videos without sacrificing an arm and a leg.
Link: https://g.foolcdn.com/editorial/images/151322/consumer-goods-streaming-media-netflix-nflx-content_large.jpg
Showing the homepage of Netflix and realising that this only a small percentage of what is offered, just amazes me. This is simply because I can achieve a grand consumption of media for such a small price.