Horizontal and Vertical Integration

Vertical Integration is the process by which a media companies acquires another in a different stage in the production and distribution process. Such as the methods and actions of apple, as the hardware is not typically manufactured by apple vertical integration occurred between Foxconn and Pegatron.. Horizontal integration is the acquisition of business activities in similar or different media industries, usually through partnership or such (merging). A basic example would be of a media company owning a radio station, newspaper, magazine company, book firm and television channel.

Hardware

The physical components contained within the piece of equipment in question such as a computer, these can be added or removed to upgrade various elements of the equipment. This is opposed to software contained on the Personal Computer or installed onto the equipment. This is the physical component used to create, market or produce media text.

Demographics and Physchographics

This is measurable characteristics of a subject audience such as age, gender, race, income, religion etc. As opposed to psycho-graphics which is a more sophisticated defined form of demographics relating to attitudes held by the audience, values and ideology views.

The Big 3

This is the term given to the three most prominent companies in any industry. In the music industry it is UMG, SONY and WMG.

Distribution and Marketing

The idea of initially marketing (the ways in which the media text is sold to the audience) the media (i.e posters, adverts, interviews, trailers etc.) and then making the media available for the consumers to view in a multitude of platforms (i.e cinema viewing, DVD release, digital release, samples etc.) Distributors (who go through the industrial process of creating the media) attempt to make the media as available to the audience as possible and tend to release the media at peak times (etc horror movies at Halloween). The marketers attempt to make the media known to the audience before hand. There is both viral (reproducing word of mouth via YouTube) and Guerilla marketing (low cost method aimed at creating a "buzz" around a film.

Subsidiary

A company owned by a parent company (essentially a secondary company, one that is controlled by another company).

Convergence

This occurs when when multiple items and products come together to form one product with the advantages of them all (e.g. no longer is multiple products required to play movies, it can all be done on a laptop). This is also the growing interactive use in film industry which enables people to share media easier. Basically any form of digital media can be accessed by one medium such as a phone.