The document discusses the impact of new technology on film institutions. It examines factors such as quality, cost-cutting, piracy, exhibition, marketing, access for audiences, the viewing environment, audiences as producers, and marketing to audiences. For each factor, it lists pros and cons. Overall, the document analyzes how technology has affected the film industry, both positively through opportunities for higher revenues, wider distribution, and lower costs, and negatively through threats like piracy and increased competition from streaming services.