Key Challenges
Broadcasters face unprecedented disruption in the media supply chain. From sports to the news, traditional revenues are threatened by new digital native entrants. The industry has now shifted to a more on-demand, direct-to-consumer model, forcing significant competition and creating industry disintermediation. This new competitive landscape has intensified the battle for content acquisition and production. Billions are being invested to acquire and produce more content than ever in order to satisfy growing consumer demand to be served anytime, anywhere. The bigger the content library, the more value to the consumer and the business.
- Falling ratings leading to fewer viewers and thus declining TV advertising revenues.
- Increasing funding for accelerating investment in online content acquisition and production to compete with digital natives.
- Streamlining and automating production workflows to accommodate increased workflows and faster turnaround.
- Dealing with industry merger and acquisition activity that is realigning players and intensifying competition.
- Ensuring productions comply with government regulations.
- Protecting increased production workflows from vulnerable security risks and threats.
- Optimizing production crews, resources, and tools.
- Accessing more data that can help inform content acquisition and creation.
- Utilizing production teams more efficiently without geological constraints.