Multimedia encompasses both traditional and new media combined, using a combination of sound, graphics, video, and text. It can be used for information, entertainment, or education. The document discusses various aspects of multimedia including animation, web design, video and sound editing, and discusses a student's experience in a multimedia specialization program, including learning photography, design, animation, and video and photo editing software. It also notes that final year students in the program create a 5-minute multimedia project showcasing their skills in an area they are interested in, such as a music video.