Question

In: Operations Management

The biggest international cross-over in recent years was Gangnam Style, whose popularity was driven by YouTube...

The biggest international cross-over in recent years was Gangnam Style, whose popularity was driven by YouTube and social media. Was Gangnam Style a one time thing or the trend of media industry internationalization? Or will the internet continue to introduce and catapult international content to global audiences? And does the media industry need to adapt to find the best talent around the world?

Solutions

Expert Solution

I think that Gangnam style was so popular because the trend of media industry is actually trying to make global impact and audience are no more limited to domestic environment, rather content are making and impact internationally just like Gangnam style which is one of the instances but there are various other instances as well where contents have been more popular in the international field. There is no doubt that even content with no quality at all gets popular because of some uniqueness like typically bad performance and sarcastic posts or comic incident but if we look at these contents, we will observe that quality is lacking but still they are popular because internet has helped such contents get popular.

The media industry actually need to adapt to find the best talent around the world because that will make the internet a deadly amenity for people having talents so that they can showcase their skills via internet. There is no doubt in the fact that internet has helped talents quite a lot to gain popularity and presence but it also needs to filter out the talents which has the potential to do big and not promote trash contents just to gain popularity.


Related Solutions

Digital camera has gained popularity in recent years over traditional cameras that rely on old-fashioned 33MM...
Digital camera has gained popularity in recent years over traditional cameras that rely on old-fashioned 33MM film. What will happen to the equilibrium price and quantity of traditional camera film if traditional cameras become more expensive, digital cameras become cheaper, the cost of the resources needed to manufacture traditional film falls, and more firms decide to manufacture traditional film? Hints: (1) In your answer, first, sketch the Supply and Demand graphs at initial equilibrium for the two markets, one for...
One of the biggest changes in higher education in recent years has been the growth of...
One of the biggest changes in higher education in recent years has been the growth of online universities. The Online Education Database is an independent organization whose mission is to build a comprehensive list of the top accredited online colleges. The following table shows the retention rate (%) and the graduation rate (%) for 29 online colleges. Retention Rate (%) Graduation Rate (%) 7 25 51 25 4 28 29 32 33 33 47 33 63 34 45 36 60...
In recent years, plant-based meats have grown in popularity in the United States. In early 2020,...
In recent years, plant-based meats have grown in popularity in the United States. In early 2020, Gallup published the findings of a survey on plant-based meat consumption based on a random sample of American adults. The results are summarized by age group in the table below. Age Group Tried Plant-based Meats 18-34 35-54 55+ Yes 331 371 282 No 363 398 647 Total 694 769 929 Does this provide evidence that the proportion of American adults who have tried plant-based...
Cruises gained popularity in the U.S. over the past 20 years. Experts predict continuous growth post...
Cruises gained popularity in the U.S. over the past 20 years. Experts predict continuous growth post COVID-19. What do you think are some contributors to this growth? Share your ideas with us in class.
In recent years there has been a lot of discussion about the effects of cross-border mergers...
In recent years there has been a lot of discussion about the effects of cross-border mergers and acquisitions and how it can bring corporate governance improvements. Discuss the mechanisms through which this is meant to occur, and critically assess whether the evidence supports actual firm-level governance improvements following cross-border corporate transactions.
In recent years, the number of cross-border mergers and acquisitions has increased. What are the risks...
In recent years, the number of cross-border mergers and acquisitions has increased. What are the risks associated with the popularity of this method for entering foreign markets? Provide real-life examples of such risks and how do you think these risks can be reduced?
1) Why do you think Non-transaction deposits have gained such popularity over the past 30 years...
1) Why do you think Non-transaction deposits have gained such popularity over the past 30 years while checkable deposits have lost popularity? Remember these are Liabilities of the bank. 2) Assume that the First National Bank shown in the T-accounts is the only bank in the country, besides the Federal Reserve and the bank has No Excess reserves. Assume the person who took out this loan used the money to buy a $90 piece of equipment (it's why people take...
There has been a substantial increase in recent years of the number of lawsuits over negligence....
There has been a substantial increase in recent years of the number of lawsuits over negligence. Do you think many of these truly pass the “Reasonable Person” doctrine or not? Is this a positive direction for the Unites States to be heading? Please provide examples from your own experience and/or current events.
Growth stocks have outperformed value over recent years. However, value has shown to perform better over...
Growth stocks have outperformed value over recent years. However, value has shown to perform better over long periods of time. Is that the case now?
The Australian dollar has depreciated a lot in recent years, leading to increased hope over the...
The Australian dollar has depreciated a lot in recent years, leading to increased hope over the impacts of the falling exchange rate on trade-exposed sectors of the economy. Examine the underlying drivers of this falling exchange rate and the implications of various policy options (with recent Reserve bank of Australia data to support your argument) that might be helpful for the economy.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT