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      TCS is here to make a difference through technology.

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      02 May 2025 IBM, Tata Consultancy Services and Government of Andhra Pradesh to Deploy India’s Largest Quantum Computer in the Country’s First Quantum Valley Tech Park
      30 Apr 2025 TCS Collaborates with SAP to Enable Enterprise-wide GenAI and Cloud Adoption For its Customer
      24 Apr 2025 TCS Sponsored Marathons Generate $2.25 Billion for Local Economies and Spark $279 Million in Donations to Charity; Boosts the TCS Brand Globally
      View all
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      02 May 2025 TCS Ranked Denmark’s #1 IT Service Provider for Customer Satisfaction in 2025
      23 Apr 2025 TCS Partners with Google Cloud on Agent-to-Agent Interoperability Protocol to Drive Future-Ready Enterprises
      11 Apr 2025 TCS Partners with Google Cloud to Accelerate AI-led Transformation in the Retail Sector
      View all
    • Analyst recognition

      Recent recognitions

      22 Apr 2025 TCS Ranked #6 Amongst Banking Technology Providers and Recognized as a Regional Leader across all Geographies by Everest Group
      17 Apr 2025 TCS BaNCS Named a Leader Among Wealth Management Products by Everest Group
      01 Apr 2025 TCS Positioned as a Leader in Worldwide Discrete Manufacturing Product Lifecycle Management Strategic Consulting Services and Systems Integration by IDC MarketScape
      View all
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      11 Jun 2025 TCS and PTC Present the North America Leadership Forum 2025
      04 Jun 2025 Veeva R&D and Quality Summit: Developing Better Health Outcomes
      19 May 2025 TCS at Sapphire 2025
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    TCS Worldwide
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    TCS 2021 Global Leadership Study

    2 MINS READ

    Share Balancing Innovation and Optimization in Media and Entertainment
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    Discover TCS

    Highlights

    • Where they will compete: In a digital world, how they are deciding in which businesses and markets to play (business strategy)
    • What to compete with: How they plan to digitize what they already sell to consumers, as well as new offerings (product/service strategy)
    • How to compete: How they are digitizing the processes by which they create demand for, and supply of, their offerings (operational strategy)
    • How to lead: the culture and talent management strategies they believe they need to compete in a far more digital world (talent management strategy)

    Insights in this article

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    Over the past Essential Takeaways

    Over the past half-decade, digital technologies have profoundly changed how the global media and entertainment industry does business, and the COVID-19 pandemic has accelerated the trend. How Media & Entertainment organizations are planning to balance radical innovation with incremental optimization in the following arenas. 

    To understand the answers to these questions, Tata Consultancy Services surveyed 1,206 senior executives from Global 2000 companies with average revenue of $13.9 billion, including 26 companies with sales of $100 billion or more. In addition to the media and entertainment sector, TCS surveyed 16 other sectors. The survey was conducted in the first half of 2021 in four regions of the world: North America, UK and Europe, Asia-Pacific, and Latin America.

    This report is based on surveys with 62 media and entertainment companies with average revenue of $8.2 billion. About two thirds are between $1 billion and $5 billion, and the remainder are more than $5 billion. A slight majority (56%) are based in North America, and 31% are in the UK and Europe. Another 10% are in Asia-Pacific, and 3% are in Latin America.

    Our survey participants were roughly evenly distributed among four subsectors: print and online publishers of traditional media (newspapers, magazines, books; 15 respondents), broadcasters (17), internet publishers (15), motion pictures/streaming video (11), and business and consumer data suppliers (4). The study also compares how two groups of respondents answered our questions: “Leaders” and “Followers.” Leaders were those media & entertainment companies that had higher-than-average increases in both revenue and profit between 2015 and 2019.

    Essential Takeaways

    • Two-thirds of the media and entertainment companies surveyed think their toughest competitor will from outside their traditional industry, YET half of those same companies (and a little over half of all media firms) are still planning as if the only competitors to think about are the established players.
    • Most successful media and entertainment companies have already made the switch from analog to digital and are accelerating the move from sales to renewals. The executives from the Leader firms in this industry reported that two-thirds of their revenue comes from digital products or services (compared to less than a third for Followers) and they expect subscriptions to represent over two-fifths of revenue by 2025 (also compared to less than a third for Followers).
    • While every industry is focused on leveraging the ability to personalize its sales and marketing through precise recommendation engines and retargeting through advertising networks across content platforms, media and entertainment companies generally are that platform — even as they are deploying that capability for their own sales and subscriptions. But successful media firms are even more focused on building nimbler supply and production chains with more options to choose from. Thus, if algorithms can make recommendations to improve demand, they could also suggest additional options to improve supply.

    Media & entertainment firms also weighed in on what they believe will be their company’s most important cultural values.

     

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