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DTSTAMP:20260406T033116Z
DTSTART:20190925T093000Z
DTEND:20190925T104500Z
SUMMARY:Changing business models of media in the digital world and its im
 plications for democracy
DESCRIPTION:Well-functioning media has always been one of the cornerstone
 s of modern democracy. In the digital age of social media and fake news\
 , the importance of independent\, trustworthy and well-resourced media i
 s ever higher. However\, media has been faced with a financial crisis fo
 rcing a rethink of its business model. Commercial media has been traditi
 onally been financed through advertisement revenue and subscriptions. Ov
 er the last ten years\, this business model has been slowly collapsing\,
  advertisement and subscription revenue dropping year over year. Digital
  platforms are taking ever-larger share of the attention and thus of the
  advertisement market\, leaving less breathing space for media with edit
 orial content. Media companies have been forced to cut down their operat
 ions significantly\, and many have been shut down entirely.\n\nDue to it
 s significant role in society\, media has been subject to a variety of r
 egulatory obligations and liabilities. In the meantime\, social media pl
 atforms and new digital media services have been able to expand their fo
 otprint without much regulatory burden. On the contrary\, liability exem
 ptions set out in many countries have made it easy for social media plat
 forms to thrive. At the same time the sharing of media content is an ess
 ential element of the service for many social media platforms.\n\nWhat a
 re the implications of this development for media and democracy? What wi
 ll be the future business models for media in the digital world? Is priv
 ate media becoming a non-profit operation run by foundations or wealthy 
 individuals? What will be the role of public broadcasters in this develo
 pment? Is the regulatory balance between traditional media\, social medi
 a platforms and other new digital platforms fair? What regulatory /intel
 lectual property / other legal challenges do media face in developing ne
 w sustainable business models?\n\nIn this session we invite media / soci
 al media lawyers and executives\, regulators and other decision-makers t
 o discuss these issues.
LOCATION:Room 318 B\, Floor 3
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