Question: What are some current events in your industry? What is the impact of these events on the industry?
Summary: "Held from November 14-19, Entrepreneurs Festival will bring together more than 300 of the best and brightest entrepreneurs from across Europe to meet, train and pitch to the top mentors, entrepreneurs and investors from the UK, USA and Europe." This event is a part of London's Global Enrpreneurship Week, that is supposed to help young tech and digital companies to accelerate their start-up phase through a week of training sessions with the industry's most successful leaders.
Analysis: Technological innovations are essential for media industry, thus anything that helps tech and digital companies speed up the creation of something "the world has never seen before" would (although not directly, but) inversely help the media industry grow. In this case, one of the main goals of the Festival is to help these new tech and digital companies "learn how to sell to and partner with some of the biggest tech buyers and businesses." As of today, one of the biggest tech buyers is media industry, or the media industry players (e.g. telecommunications). Also, amongst those who will be attending this event will be "international tech and start-up entrepreneurs from the games, digital, web and mobile industries" and those entrepreneurs will be looking for the new products that the new emerging companies have to offer. So if someone from the games or web industry will partner up with a new entrepreneurial genius who came up with something from which the industry will benefit, the media industry will benefit from it too (since games and web are part of media industry, there's no way that it won't benefit from their success).
When I first saw the title of "Entrepreneurs Festival," I was expecting that it would have entrepreneurs from various industries - it was quite surprising to find out that entrepreneurship is most encouraged in media. It would be interesting to see which entrepreneurial ideas were the most popular at the festival, or maybe what ideas in past years have become.
ReplyDeleteIn reading your summary and analysis, it seems to me that this giant convention is a way for big media company executives to take advantage of younger, less experienced business owners. Wouldn't it be in the bigger companies' best interest to try to strike premature deals with, sign premature contracts with, and gain premature rights to other smaller media companies?
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