2
EDITORIAL
FAANG, friend or foe –
be friendly to everyone
The entry of technology giants Facebook, Apple,
Amazon, Netflix and Google, commonly known as
FAANG, is being regarded by many as a threat to
traditional TV operators, while some believe that
it can lead to collaboration to offer consumers a
wider choice of viewing experiences.
There is no doubt that the new entrants with
deep pockets and better resources will drive up
competition for eyeballs and this will benefit con-
sumers in terms of quality and choice.
In fact, the rise of FAANG is forcing exist-
ing media companies to merge or to go on an
acquisition trail to gain size and scale, as noted
in our front-page report. For example, in Europe,
the launch of Salto, an SVoD platform, is seen
as a collaboration to push back against the new
entrants; two companies in Germany have come
together to expand the country’s mobile video
and over-the-top (OTT) businesses.
While platforms, channels and different view-
ing options continue to multiply, one thing re-
mains key. Compelling content is still king, where
audiences are concerned.
And great content that can cross borders while
retaining its imprimatur requires talent. Here Brit-
ish public service broadcaster BBC leads the way.
Back in November 2017, it merged its BBC World-
wide with BBC Studios, thereby strengthening its
main programme production arm with content
financing, sales and other commercial operations
into a single business operating unit.
The realignment transforms BBC Studios into
a global content company creating, financing and
distributing films, TV series, kids programmes,
documentaries and short forms.
Albeit, it is still a “big small” global player,
according to Tim Davie, CEO of BBC Studios, ex-
plaining: “It is happening to a lot of broadcasters
within the market where they feel very ‘big’ in their
own space, but actually this game has completely
Stay connected to
changed — it’s utterly global.”
And the BBC’s strategy is to stay focused on its
trusted brand of British intellectual property (IP),
and to attract and retain its talent pool to produce
content that generates international interest.
Keith Underwood, COO of Channel 4, a British
public service TV broadcaster, also agreed that as
change intensifies, the only constant is that great
content will continue to be a critical factor.
A company that welcomes the entrance of
tech giants like Facebook into the media and
entertainment industry is HOOQ, a video-on-
demand (VoD) streaming service.
Its CEO, Peter Bithos, believes that Facebook
will “quicken the pace of the evolution of the OTT
category in Asia” and that the success of Facebook
will also educate more consumers about OTT.
The bottom line as competition hots up is that
everyone needs friends, be it for life or work. Hav-
ing good allies opens up new opportunities that
allow media companies to take their business to
greater heights.
Or, as Underwood advised attendees in his
opening keynote speech during IBC2018: “It is
entirely possible that many of the speakers could
leave Amsterdam on Monday as colleagues
rather than competitors. So be careful when going
around the halls; you never know, you might just
be speaking to your next boss!”
Friend or foe, be friendly to everyone.
November 2018 (volume 35 issue 10)
EDITORIAL
managing editor
Shawn Liew, [email protected]
contributing editor (technology)
Karl K Rossiter, [email protected]
news editor
Josephine Tan, [email protected]
CORRESPONDENTS
■ India
Shirish Nadkarni, [email protected]
■ USA
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PRODUCTION
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CIRCULATION & PROMOTIONS
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JOSEPHINE TAN
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