The Live Event Ecosystem: Local Media against Global Ticket Sellers?

Raphael Giesecke

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

Abstract

When live events are discovered via friends’ recommendations and tickets bought from globally active agencies, what is the role of local media companies? Why do most publishing houses see revenues drop whereas some event related media businesses flourish in their niches? Based on in-depth interviews of sixteen event ecosystem organisations from four countries I performed an extensive thematic analysis of their existing and planned business models; examined power constellations, gatekeepers and the proximity between actors by drawing from network analysis; and synthesised a generic event ecosystem. My findings indicate that, in order to achieve convergence, the news media industry needs to learn from entertainment media industry; package the respective event; build and bridge networks; focus stronger; and ensure affinity between content and advertisements. Meanwhile global ticket sellers continue to expand their ties and consequently their revenues in the event ecosystem. Municipalities should concentrate on their core public functions and build on their institutional, cultural and local proximity while feeding event information into regional, national and city event calendars.Supporting convergence, media businesses typically connect various networks and thus should investigate and develop their potential network bridging power. This is especially valid for media technology providers whose software platforms are crucial for convergent operations of otherwise diverse media actors. In conclusion, I suggest that active exploring and exploiting of the ecosystem enables media business leaders to keep up with global actors.
Original languageEnglish
Title of host publicationMedia Convergence Handbook – Vol. 2
Subtitle of host publicationFirms and User Perspectives
EditorsArtur Lugmayr, Cinzia Dal Zotto
Place of PublicationBerlin Heidelberg
Pages375-405
Number of pages31
Volume2
ISBN (Electronic)978-3-642-54487-3
DOIs
Publication statusPublished - 2016
MoE publication typeA3 Part of a book or another research book

Publication series

NameMedia Business and Innovation
PublisherSpringer

Keywords

  • Innovation
  • ecosystem
  • MANAGEMENT

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