: New devices (AR/VR) and formats (short-form video) are reshaping how content is created and consumed. 3. Key Challenges and Opportunities
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To understand the current chaos of the streaming wars and the rise of short-form video, we must look at the legacy of popular media. For most of the 20th century, entertainment was a one-way street. Studios in Hollywood, record labels in New York, and publishing houses in London dictated the "popular" in popular media. The consumer was a passive recipient. : New devices (AR/VR) and formats (short-form video)
To navigate this landscape, we must become conscious curators. The algorithm is a tool, not a master. The challenge for the modern consumer is not finding content (there is too much), but filtering it. The power of popular media has been handed back to the people. For the first time in history, a viral dance from a teenager in Brazil can influence the Super Bowl halftime show. The consumer was a passive recipient
Audiences had access to just a few channels or newspapers.