No longer at its origin, though far from maturity, digital media & information technology
are in a middle state between these polar extremes. Driven by innovation & establishment
in parallel, this state will perhaps be endless & is now perpetuated by the adoption of
information technology into other ﬁelds. As this occurs, sectors are reshaped & the
convergence between previously disparate worlds, with digital media at the center, is in
itself a new form of innovation. This environment shapes & is mirrored in ﬁnancial ﬂows,
strategies, structures & valuations, which are important to understand in this context.
This presentation illustrates the described trends from a high level, incorporating certain
ideas depicted in greater detail in other CoRise reports. It is not a comprehensive review
of industry activities or a survey of competitors. Nor is it an analysis or set of
recommendations for purposes of assessing any investment, public or private.