Silicon Valley’s increasing influence and growing takeover of the media, from Hollywood movies to sports and television, is raising major questions for professional sports leagues, entertainment companies, news organizations and Wall Street investors.
Corporate media conglomerates, which for decades controlled the way sports, news and entertainment in America are consumed, now face an existential threat to their business models and brand value, experts in the industry say.
“The bottom line for consumers is the way that all content is packaged, distributed, marketed, bundled and sold has completely changed forever,” said Dan Rayburn, a media consultant who specializes in streaming and new media.
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