Kicking Off the New Year With Some Industry Jousting

JCPA Put on Indefinite Hold Members of Congress punted on a media industrybacked bill that attempts to allow publishers and broadcasters to negotiate revenue sharing arrangements for their content when it is posted on techgiant platforms like Google and Meta The Journalism Competition and Preservation Act was authored by Sen Amy Klobuchar DMN and widely supported by media industry trade groups and individual media organizations Its provisions generated a host of strange bedfellow coalitions among progressives and conservativesUltimately this is a fairness issue news organizations deserve to be compensated when big platforms distribute their content Don39t place any bets that it will simply go away While the recipe in the current proposal may not have been quotjust rightquot the stakeholders in this debate many of whom are MFM members will be back at the bargaining table this yearFTC Attempts to Curb Tech Giant Expansion A Federal Trade Commission lawsuit blocking Microsoft39s acquisition of video game maker Activision highlights two dynamics impacting the media and entertainment industry First regulators are serious about limiting the power of tech giants Second video games are an incredibly important component of the industry39s futureThis New York Times article provides an effective overview Reading it reminded me of a general session speaker at the 2022 MFM Annual Conference who remarked quotIf you do not own a video game company today I suggest you leave this room right now and purchase onequotThe Post Considers Selling Arc The increasingly important relationship between technology and the media business was underscored by this Wall Street Journal article about the potential spinoff of an inhouse publishing tool developed by The Washington Post39s tech team The bonds between media entertainment and technology is transforming how content is produced distributed and consumed And they will play an enormous role in delineating successful companies from irrelevant onesThe success of members is always front and center with MFM We help members peer around the corner and see what39s coming by providing lots of educational sessions and sharing news stories like those I39ve highlighted hereI have no doubt that you too have been struck by certain developments that have been in the news And I39d like to know what they are and possibly share them in this column If any spring to mind please reach out to me at joeannottimediafinanceorgOne of the very best ways of giving and receiving vital information is by attending the MFM Annual Conference which takes place May 2224 in Los Angeles It39s exclusively devoted to educational sessions focused on issues most important to financial professionals in the media and entertainment industry There39s never been a better time to register than right now Click here for more information on the agenda and online registrationClick the social buttons to share this story with colleagues and friendsThe opinions expressed here are the author39s views and do not necessarily represent the views of MediaVillagecomMyersBizNet

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Kicking Off the New Year With Some Industry Jousting

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Joe Annotti

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Kicking Off the New Year With Some Industry Jousting

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