Ernst & Young: Need for tech-savvy executives in media and entertainment


  • Business
  • Saturday, 08 Jan 2005

MEDIA and entertainment executives around the world are focused on the impact of technology on their industry and believe more technology-savvy managers are critical to their companies' future success, according to a new study by Ernst & Young. 

Executives participating in the study said the digitisation of content, combined with the increasing adoption of broadband distribution technologies, was creating major shifts, challenges and opportunities for their industry. The study, Fast Forward: Technology Propels Media & Entertainment CEOs into the Future, was based on extensive industry research, including in-depth discussions with 23 chief executive officers, chief financial officers and leading industry financial stakeholders. 

They included top executives from global companies such as The Walt Disney Group, Viacom Inc, Time Warner Inc, Sony Corp of America, Reuters Group plc, Metro-Goldwyn-Mayer Inc, Liberty Media Corp, EMI Group plc, The Direct TV Group Inc and Clear Channel Communications. 

The media and entertainment companies represented in these high-level discussions had combined annual revenues of US$214bil (financial year 2003) and a combined market capitalisation of US$340bil, Ernst & Young said in a statement. 

“The pace of technology-driven changes in media and entertainment throughout the world including Malaysia has created enormous strategic challenges for both global and local companies,” said Susanna Lim, focal partner for technology and security risk services, Ernst & Young Malaysia. – Bernama 

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

CPO futures rally to breach RM4,200, highest level in two months
KPMG's banking audits not up to scratch, says UK watchdog
BAT Malaysia Q2 net profit climbs on higher sales volume
Challenges in maintaining economic recovery
China stocks fall as foreigners turn net sellers under Connect
Citi best bank for corporate responsibility in Asia
Thai June exports at 11 year high as global demand rebounds
Ant-backed Zomato's roaring India debut sets pace for internet-based startups
Central Global appeals for reopening of Kedah factory
Hextar Global in joint offer to acquire specialty chemicals firm

Stories You'll Enjoy


Vouchers