Wednesday, 23 September 2015

8.1(1.2)

8.1 (1.2) Describe cross-industry ownership in the Creative Media sector


A lot of today’s sectors work as a sort of umbrella, covering as many different industries as possible, and distributing their work to as wide an audience as possible and expanding their methods of entertaining their audience.

A perfect and successful example of this is Richard Branson’s industry, Virgin.  Starting off as a record store, Virgin has is now covering industries including, Virgin record label, Virgin trains, Virgin money, Virgin Atlantic airline, Virgin mobile and the most outstanding one;  Virgin Galactic (space journey).

Richard Branson’s company as a whole is clearly covering various sectors and industries around the world. Virgin is able to communicate with as wide an audience and probably possible; music lovers, mobile lovers, flying lovers and of course space lovers.

Through this successful communication and branching into various industries, Branson has been able to maintain successful cross- industry ownership.

To sum up, cross-industry ownership is when bigger industries or companies work as an umbrella, covering all different types of industries under one roof!

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