The document discusses the impact of digital technology proliferation on media institutions and audiences. It notes that digital technologies have led to increased content distribution through methods like online streaming and downloading. This has disrupted traditional media industries and business models. The document also examines case studies of how digital technologies transformed the movie rental industry, with Netflix succeeding over Blockbuster by embracing streaming delivery. Overall, digital technologies have provided more choices for audiences but also more challenges for media companies to control content and revenue streams.