Technology Effects CMGT/557 Emerging Technologies and Issues October 10, 2011 Information System Abstract This document will present a technology that has changed the way society sees the movie and TV industry. This paper will present details of how this technology impacted its industry, how it is used, how people, and competitors reacted. Examples will be provided of similar scenarios and what new opportunities this technology has presented to its market, plus how the government and legislation reacted toward this new technology advancement. …show more content…
The name of these self serve movie renting machines is Red box; this is the technology and idea that changed everything for movie rental stores. As well as the online movie streaming, this technology development made and amazing impact in its industry because it made one of the biggest contenders go bankruptcy, this contender was Blockbuster video. Their company was in the market for more than 20 years, and someone with the right tools, and the right vision made their empire come down. This is the clearest example why organizations need to stay always current and innovating the way they provide service because if they become too comfortable, someone can find a better way to do it and bring your hard work down. The way that technology was used on this scenario provided was by creating a box with a screen and a system in which the user can select his or her movie choice, the system will recognize that selection, and dispense the DVD movie the user wanted. This new strategy help the creator to save thousands of dollars on employees, benefits, store locations, utilities, security, and many others. This is why their company strategy was incredibly effective and not only made them a leader, but also a standard on how people rent their movies today. Both of these technologies mentioned on this paper had a long way before they became leaders in their industry. After long research trying to find the most accurate history
To solve these problems a company can implement Wi-Fi on their network. This can reduce the price of implementing additional cable in the network.
Redbox is a DVD/Blu-Ray rental company which utilizes kiosk machines placed in convenient, high-traffic locations. The first Redbox kiosk was opened by McDonald’s in 2002. Redbox was later purchased by Coinstar, Inc., and over the years, Redbox has rented over one billion movies and has grown to more than 27,000 locations in restaurants, grocery stores, pharmacies and convenience stores nationwide. Redbox proves to be a very unique way to rent DVD’s and by the nature of Redbox’s rental process, most businesses would benefit from the increased traffic generated by having a kiosk machine at their location. This type of relationship proves to be a win-win situation for both Redbox and the businesses which
There are basically six technology-driven threats to the traditional rental model: (1) Cable companies offering Video on Demand (VOD), (2) online movie downloads, (3) online movie rentals, (4) disposable DVDs, (5) illegal movie downloads and DVD copying, and (6) Digital (or Personal) video recorders (DVR). (Jackson) One could also consider traditional pay-per-view (PPV) as and additional substitute. Only one of these seven, online movie rentals has proven to be a major competitive substitute for traditional movie rentals. All other areas, except traditional pay-per-view are expanding rapidly, but some face significant challenges.
My analysis will cover competition from substitutes and the change in buyer behavior and demographics. I will use the five forces model of competition and a SWOT analysis along with other sources of analysis. The information and recommendations that follow will provide you with the insight and building blocks to compete in the movie exhibition industry.
The Studios having sustained lost revenue of over seven-hundred million dollars between 1946 and 1961 knew that they would need to do something if they wanted to survive (Lewis, 2008, p. 233). They saw televisions becoming popular and they chose to align themselves with the television production studios helping to increase their exposure to possible customers. That helped put them in front the people they wanted to bring back to theater. Although this helped increase their screen time it wasn’t enough and they looked to creating a more immersive experience, one that simply was unattainable in the home because they technology was not available at a reasonable cost.
With the advancements in home entertainment systems, consumers are investing thousands of dollars into their own home viewing systems. They have several options to stream video content into the comfort of their own homes. Home entertainment systems have also made a large impact on the theater industry. In 2005, this technological advancement was the most sought after electronic system for new homes. It seems that consumers have finally said no to the rising price of movie tickets and concession stand snacks and beverages.
Media changes drastically over short periods of time because of digital convergence. Just in the past decades it has become much more advanced and useful for people all around the world. There has been an extreme advance in media technology, especially that used in film industry. This includes the creation of analog-to-digital converters, technology convergence, and the changes in the media industry and audiences. In this article, I will analysis how digital convergence impact on the film industry structure, forms of consumption with the innovation of revenue models and cultural production.
Occasionally, people use to go out and rent DVD’s to watch a specific movie from rental stores. Advancement in technology has brought a sufficient change in customer’s behaviors, today DVD rental stores have almost gone. Moreover, by time we saw enormous increase in channels being provided by cable providers, but today even that has been replaced by streaming media devices, thus my time, role of cable providers might also disappear due to the introduction of devices such as Netflix, Apple TV etc. “DVD sales have also been hit. The Los Angeles-based Digital Entertainment Group estimates DVD sales in 2008 fell 8% to $21.6 billion from a year earlier, while DVD rentals were flat.” Charny, Ben. "Viewers Tap Free Web Content." Wall Street Journal, Eastern
With the introduction of new technologies and the development of electronics products, people are now having more opportunities to view movies. However, home viewing is still the most popular way of watching movies. Accordingly, Movie rental has become an industry. This essay will give a detailed analysis of the global leader in the movie rental industry, Blockbuster.
We all know technology is a good thing, right? Or is it? We can all come up with reasons why technology is helpful or appropriate like we can for a particular medicine. And while some drugs are really great to cure or prevent a disease, sometimes the side effects outweigh any possible benefit. The same is true with technology. Some common negative side effects of technology are kids playing on their phones instead of going outside to play or young people not interacting face-to-face as much as they used to. Parenting is an area that has suffered since the rise in technology, specifically with phone use.
Since the 1950’s the use of new technologies in the Film and Television industry has increased dramatically. From the equipment used to create the moving pictures, the technology we use to view these scenes and the techniques used to capture or produce the animated films and live shots, technology is forever expanding and growing. The Film and Television industry is a major contributor to the Australian economy, directly contributing $5.8 billion to Australia’s GPD (Gross Domestic Product). In this essay I will discuss the positive and negative effects of paid television and streaming services on the industry and whether those effects will be positive for the industry’s future. The key features I will be looking at are;
company. The technology used to film and edit programming impacts the operations and distribution of the company’s original content. Within procurement’s 33% share of revenues, technology makes up the largest share as firms in this industry must invest to compete. The linkages here are vertical; without the newest technologies, it takes longer to produce and edit new series to the standard customers expect. If Disney’s technologies fail to deliver visually high-quality content in a timely manner, consumers will watch elsewhere.
Over the years technology has been growing fast. Knowing human use communication by texting and calling. It’s careless for humans because not seeing each other could cause them to have problems. Instead of going out together and be active they just waste time on their phones. Humans putting a stop of when they have access to their phones so that they can spend more time with friends.
The film industry has continuously changed since its inception due to rapid technology advancements. Camera technology has been a key factor that has influenced the growth of filmmaking. The first motion picture in the world was produced in the early 1880s, and the first public screening occurred ten years later. It didn’t take long for the quality of films to improve as new filmmaking equipment emerged. Ever since the first movie was produced, the film industry has been continuously changing in response to emerging filmmaking technology. Introduction of digital photography and digital data storage along with the development of internet significantly influenced the film industry (Barsam, 2015). These technologies contributed
Can you imagine a machine so big it dwarfs entire planets? Can you imagine a machine with a single goal, a single purpose? Can you see it, hovering in space, blotting out the stars, so big it bends thought? Can you imagine a machine so complex that no human has ever even tried to understand it, and yet the machine exists because humans built it in the first place?