{"id":1806,"date":"2021-11-17T15:27:47","date_gmt":"2021-11-17T04:27:47","guid":{"rendered":"https:\/\/brandcatalyser.com\/?p=1806"},"modified":"2021-11-17T15:27:47","modified_gmt":"2021-11-17T04:27:47","slug":"5-shifts-reshaping-chinas-entertainment-media-industry","status":"publish","type":"post","link":"https:\/\/brandcatalyser.com\/knowledge\/5-shifts-reshaping-chinas-entertainment-media-industry\/","title":{"rendered":"5 Shifts Reshaping China\u2019s Entertainment & Media Industry"},"content":{"rendered":"
In China, young people are becoming mainstream customers in the market, forecast to account for 35% by end of 2020.<\/p>\n
Two key characteristics of the young people market in China:<\/p>\n
Preferences and tastes regarding content differ between markets, so businesses have to customise their content based on local cultural and style, as well as TV viewing experiences in order to meet the needs of local consumers.<\/p>\n
In China, bundling products and services into a \u201cliving ecosystem\u201d is also becoming popular. For business, a closed loop can be constructed by vertical integration or lateral development inside a value chain, implementing the strategy of cross-selling and enhancing cost exchanges.<\/p>\n
In this era of mobile internet applications, the use of social networks and online behaviour has been undergoing major changes, and users are expecting to enjoy communications at anytime, anywhere. <\/span><\/p>\n When businesses develop their strategies, those strategies should vary from one to another. China\u2019s entertainment media market is emerging compared with more mature Western market. In 2014, China\u2019s entertainment media market surpassed Japan to become the biggest market in Asia.<\/p>\n Eleven of the 13 sub-industries are set to exceed typical global growth rate in the next five years. Also, even though many Chinese entertainment media businesses started late, many of them have roles on the international stage, delivering Chinese culture to the world.<\/p>\n In China, the entertainment media industry has been influenced by digital content and internet media concepts arising from structural changes in the industry.<\/p>\n Traditional businesses face imminent challenges necessitating changes and transformation, whilst leading to a new business model that may create more opportunities for offering consumer products and services that suit customers\u2019 current needs and behaviour. <\/span><\/p>\n China, a land of pockets of impressive growth and opportunities, has seen rapid growth in the entertainment and media industry in recent years. <\/span><\/p>\n This China edition, includes intensive analysis of five shifts reshape the industry, which gives an opportunity for us to examine how consumers, advertisers, content creators and digital distributors are responding to these shifts over the next five years.<\/p>\n Today\u2019s entertainment and media companies are learning, acting and thriving in China, those with the right strategies and insights are most likely to succeed.<\/p>\nShift 4<\/h2>\n
Geographic: Growth Markets<\/h2>\n
Shift 5<\/h2>\n
Business model: Transforming with Trust<\/h2>\n
Summary<\/b><\/h2>\n