The media and entertainment industry is undergoing a rapid and transformative evolution. The shift from traditional media channels to direct-to-consumer, on-demand, and subscription-based models has gained momentum with the widespread use of apps, social media, mobile devices, and streaming platforms and an escalation of short-form content. These new forms of media have not only reshaped the industry but also redefined consumer expectations.
For leaders in media and entertainment businesses, the impact of this change is profound. They face pressing questions about how to navigate disruption, create new business models, and emerge stronger with the right leadership, talent, processes, structures, and strategies to thrive in an uncertain future.
In the dynamic world of media, leaders must seize opportunities to rebalance value creation and challenge established norms. They need a pool of digital-ready and multicultural talent, which can be scarce in today’s market. They must explore novel recruitment channels, upskill their existing workforce, and design attractive reward and compensation packages. Additionally, leaders must cultivate the ability to build and inspire diverse teams with a wide range of skill sets.