Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

MTV's network has become a symbol of globalization. Established in 1981, the US based music TV network has been expanding outside of its North American

MTV's network has become a symbol of globalization. Established in 1981, the US based music TV network has been expanding outside of its North American base since 1987; when it first opened MTV Europe. Today MTV network figures that every second of every day over 2 million people are watching MTV around the world, the majority outside the United States. In the 1980s, when the main programming fare was still music videos, it piped a single feed across Europe almost entirely composed of American Programming with English speaking VJs. Naively the networks US managers thought Europeans would flock to the American programming. But while viewers in Europe shared a common interest in a handful of global superstars, their tastes turned out to be surprisingly local. Many staples of the American music scene left Europeans cold. MTV suffered as a result. After losing shares to local competitors, who focused more on local taste, MTV changed its strategy in 1990. It broke its service into 'feeds' aimed at national or regional markets. While MTV network exercises creative control over these different feeds, and while the entire channel has the similar frantic look and feel of MTV of United states, a significant share of the content is local. Although many programming idea still generates from USA, with equivalents for staples such as THE REAL WORLD in different countries, an increasing shares of programs are originated locally prioritizing local concept. Like in Italy, MTV kitchen combines cooking with a music countdown. The Indian channel produces 21 homegrown shows hosted by local VJs who speak 'Hinglish' a city bred strain of Hindi & English. And of course each feed prominently features music videos by locally popular performers i.e. Coke Studio. This has helped MTV to reap big benefits allowing the network to capture viewers back from local imitators

1. How would you characterize the strategy that MTV pursued when they first entered the European market? Explain (10 marks) a. International Strategy b. Localization c. Global Standardization d. Transnational

2. How would you characterize the strategy that MTV pursued after 1990's? Explain? (10 marks) a. International Strategy b. Localization c. Global Standardization d. Transnational

3. What entry modes could MTV use in order to expand into the foreign market? (10 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

1 Characterization of MTVs Initial Strategy in the European Market Answer Global Standardization Explanation When MTV first entered the European market in 1987 the strategy they pursued was one of glo... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

More Books

Students also viewed these General Management questions

Question

What is meant by HDD and CDD? AppendixLO1

Answered: 1 week ago