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What are the strengths and weaknesses of (at least two) funding models for media content in a networked environment?

Recently, I was browsing a robot’s crowdfunding website on the internet. The robot called JIBO. The website said the JIBO is the first social robot for the home in the world. The JIBO can track face, capture photos, and enable impressively video calling. It can hear the natural language, learn your preference to adapt and fit into your life; it can using a speaker to help you to make everyday simpler and easier. You can Pre-pay 749$, then you can get the JIBO and inclusive of battery and charging plate, with the SDK available for developers.

Family Robot JIBO nears $1.7M During Final Day on Indiegogo

https://www.youtube.com/watch?v=3N1Q8oFpX1Y

What is Crowdfunding

Crowdfunding is the financing of a project or a venture by a group of individuals instead of professional parties.Crowdfunding is a new internet-based method to raise capital – pool small amounts of money from individuals. The approach is attractive to entrepreneurs, because it not only allows raising capital for small businesses, which have very limited financing options, but also serves as a tool for testing marketability (Valanciene. L & Jegeleviciute. S, 2013). Anyone can start a content creation project with meet these criteria than raise funds to support it. One does not have to worry about the independence of the project because the content creator can completely control project. It is merely a platform and a resource. They do not participate in the development of the project.

Strengths

First, in the case of venture capital and angel investors, and investors on the company’s decision to significantly control. Crowdfunding is different – entrepreneurs do not need to give up that right. So, when a company’s capital is raised through fund-raising, entrepreneurs do not lose the right to decide their own company. Second, to raise funds through crowdfunding platform is very close.Most entrepreneurs do not qualify for venture capital, because they can not grow fast enough, there will not be a large potential public offering. Second, too few venture capitalists and entrepreneurs who need money the masses.Entrepreneurs seek through crowdfunding platform to raise capital was awarded the opportunity to test market. Raising whole mechanism is based on personal attraction, who found an interesting idea worthy of a large number of them to invest their time and attention. When funding portal announced a new idea or business model, to achieve the deadlines set fundraising goals often – some make-up and even surpass the goal, some do not.

Weaknesses

First, possible presence of their own business plans stolen. This risk is considered to be a weakness, because it is a feature of crowdfunding mechanisms – public display of ideas and business models is a must. Second, some companies may even be created as a fraud – Companies can order began to take funding to pay all salaries, and then shut down. Ongoing legislative reform is completely subordinate to crowdfunding, but does not apply to other means to raise funds. In addition, fund-raising is an Internet-based approach.Because Internet-based, it may make it more difficult for investors to determine whether issuers legitimate business.

Image result for crowdfunding Weaknesses

 

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Reference:

Valanciene. L & Jegeleviciute. S(2013), VALUATION OF CROWDFUNDING: BENEFITS AND DRAWBACKS, Kaunas University of Technology, http://mechanika.ktu.lt/index.php/Ekv/article/view/3713

 

What advantages does media power have? How are people able to ‘spend’ it?

I use the computer every day to watching news, video and some information.PC is a very amazing invention, software development has makes PC more uses. Such as online teaching, this may enable a user at any location anytime to learning, when PC on network. It is very helpful for someone who did not have enough time to sit in the class.

What advantages does media power have?

Social media networks are virtual communities and computer-mediated tools that enable individuals and businesses to create, share, or exchange information, career interests, ideas, and images or videos.  Media power have the advantage is velocity of propagation quickly, this can lead to the spread of more effective than others. Media power play a crucial role in the business. Everyone need to know the advantages of media power. First in social media you can find your soul mate or audience. It lets you know that your audience will quickly know about you and allows you have greater number of viewers.Second social media can help specific groups of people together. For example, like to play basketball’s people, they can find more friends in a social network to share basketball skills. Social media help to find new customers, expand your audience when people want to do something they’ve never done, it can recommend them, what they can do and what can not. Next in businesses, social media allows you to receive immediate feedback from the customer point of view. Improving market intelligence and social media to get ahead of your competitors. And also can lead your brand more famous, more website traffic.Of course, you can also release a new product in social media. This can increase the companies which are in the same field of work between competitiveness.In addition, it can lead to development of these enterprises faster than expected, social media helps one third of the cost of generating leads.Through social media, companies can quickly communicate with customer, which is very important. Moreover, it can helping a company with minimal budget expenditures to promote its visibility of the company, or product awareness

 

How are people able to ‘spend’ it?

People ‘ spend ‘ many media power in their life. Such as refresh tweets, It allows you to get anywhere in the world news or information quickly. In my last post has said television and print media these days are biased and does not convey the true message. Through the help of social media, you can do some research and get the facts and real information. Than in business, companies can promote their company on social networks or promote a product. It allows companies to use low-cost promotional expenses, and get a huge harvest. Low advertising costs, effective publicity, it highlights the advantages of social networks. The company regularly or irregularly communicate with customers, which helps revised their products.This allows a company to improve their credibility. Last people are free to share whatever they want on the social media, it can impact positively when good words are shared. Moreover some of people are using media power to influence providers exert on the political process.

“Powerful media owners can attempt to manipulate information for their own goals”. William Randolph Hearst,the owner of the Morning Journal and the source of inspiration for Orson Welles’

 

In conclusion, power of the media have become ubiquitous.No matter what time, where are he, who there are, he could found the social media, feeling media power and spend it. Therefore, the media power‘s propagation makes life richer.

 

 

Reference,

Altheide, D. L. (1985). Media power. Beverly Hills: Sage Publications.

Freedman, D. (2015). Paradigms of media power. Communication, Culture & Critique, Vol.8 Issue 2, p273-289

http://www.columbia.edu/~ap3116/papers/mediapower.pdf

What things enhance (or increase) media power? Are there ‘good’ and ‘bad’ reasons for an individual to have more influence in the media?

What things enhance (or increase) media power?

People are using social network everyday,some are using mobile phone, some are using computer. For example, I use mobile apps on phone, Facebook, Twitter, and also get News from BBC News. Those Apps can fast let me know what happen in outside word, and connect with people. Network can make massages faster transfer.Modern technology and information services enhance media power.

Nowadays, most people have smart phones and computers, every family has a TV. The emergence of these technology products to promote the rapid development of social media, so the power of social media constantly strengthen. When something happens, you can use social media Internet news quickly spread of video and mobile applications, the first time to let people know what happened. Compared with magazines and newspapers, social media and more rapid dissemination of news. Thus, social media networks greatly increase the power of the media.

Does social media have the power to change the world?

 

The presidential elections are perfect examples of the bias of the media.

Are there ‘good’ and ‘bad’ reasons for an individual to have more influence in the media?

Media power in some case is useful,for example, an organization established to raise funds to help needy people. They can use social media to promote.

The presidential elections are perfect examples of the bias of the media. In fact, Time magazine’s editors even admitted to having influenced the past election because of their front covers that presented one particular candidate a multitude of times (Grant,2015). In another example of news bias, when citizens went to Washington to protest the proposed health care bill, it was reported to the public that a few thousand attended when later it was revealed that actually millions of citizens had gone (Grant,2015). We are really only hearing the point of view that the media presents to us. Unfortunately, sometimes it is biased.

Influence of the media also has a good side. When some people need help, volunteers messages posted online, people can make donations and praying through the website. When people want to organise activities they can use website to convene people and discuss activities. Sometimes people can tell their wishes through the website and get support. For example: White House petition network (we the people) is US President Barack Obama implemented petition website. White House petition network provides a platform for Americans to create and share new ways and signing petitions; Americans can convey their opinions and suggestions on government policies and actions through this platform.

Media is the basis on which we depend on to hear all the news almost every place in the world. But at some point, the media influence public opinion through the media reports. Some media like gossip news and public figures to expose their various messages. This makes their lives constantly under the microscope of life becomes transparent. The bad news would create prejudice public figures, and affect their normal life and work.

 

 

 

In short, social media in our lives has played an important role. Everyone should know that the use of social media, social media is like a double edged sword, it can make people more aware of the outside things, to understand the error message may also affect normal life.

 

 

References:

Freedman, D. (2015). Paradigms of media power. Communication, Culture & Critique

Grant, P. (2015). Media bias in the 2016 presidential rase. The Daily Northwestern. Retrieved from: http://dailynorthwestern.com/2015/10/11/opinion/papastefan-media-bias-in-the-2016-presidential-race/

http://www.columbia.edu/~ap3116/papers/mediapower.pdf

Media Power

Last year…

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Yesterday…

Media Power

 

What measures do you take to protect your privacy, particularly in a networked environment? What measures do you think you probably should take, but don’t?

A few days ago I saw a news report said thousands of apps running Baidu code collect, leak personal data. Research shows that transfer of personal data and process data gathered by Baidu, it is easy to be intercepted.

A smartphone with an Android operating system and the Baidu Browser application is seen in this picture illustration take February 22, 1016

 

Those have been downloaded hundreds of millions of times.

The researchers at Canada-based Citizen Lab said they found the problems in an Android software development kit developed by Baidu. These affected Baidu’s mobile browser and apps developed by Baidu and other firms using the same kit. Baidu’s Windows browser was also affected, they said.

How to protect privacy online.

There have some way to protect your privacy online.

  1. Using safe browser. Some of the browser like Baidu Browser, Browser code does not protect personal privacy. You can use browser leak testing to test your using browser.
  2. VPV – virtual private networkIf you’re very serious about maintaining your anonymity, consider investing in a VPN solution. These services essentially allow you to disguise your traffic. Your real IP address will be hidden from the world, and your traffic will remain indecipherable to nosy ISPs or governments.
  3. DNS leak testing – Even if you’re using a privacy service (like a VPN) to hide your IP address, it’s still possible to give away clues to your identity via your DNS traffic. Thankfully, it’s easy to detect if your configuration is leaking your DNS information.
  4. Virtual machines – Keep in mind, your browser isn’t the only vector for third parties to invade your privacy. PDFs and other seemingly harmless files can serve as homing beacons, and potentially alert government entities when you’re viewing planted contraband. To prevent any sort of unintended breach of privacy, you should open suspect files inside of a virtual machine.
  5. HTTPS Everywhere browser extension – In spite of the infamous Heartbleed vulnerability, SSL is still your best bet for keeping your Web traffic safe from prying eyes. If you want to keep nosy packet sniffers out of your business, your Web traffic should always be going through SSL connections. Sadly, not every website supports SSL. Even worse, many websites that do support SSL still default to unencrypted connections — and the Electronic Frontier Foundation wants to change that. The HTTPS Everywhere browser extension, provided for free by the EFF, forces SSL connections on countless websites. Chrome, Firefox, and Opera users can all take advantage of this wonderful extension, and keep important Web traffic private and secure.

What measures do you think you probably should take, but don’t?

In my opinion, protect your privacy need to do following

  1. Don’t fill out your social media profile.
  2. Don’t using your birth day to make password.Use a password vault that generates and remembers strong and unique passwords.
  3. Lock down your hardware.

What funding model do you think is best and fairest for media in a networked media environment.

Crowdfunding

Recently, I was browsing a robot’s crowdfunding website on the internet. The robot called JIBO. The website said the JIBO is the first social robot for the home in the world. The JIBO can track face, capture photos, and enable immersively video calling. It can hear the natural language, learn your preference to adapt and fit into your life; it can using a speaker to help you to make everyday simpler and easier. You can Pre-pay 749$, then you can get the JIBO and inclusive of battery and charging plate, with the SDK available for developers.

Family Robot JIBO nears $1.7M During Final Day on Indiegogo

 

 

Anyone can start a content creation project with meet these criteria than raise funds to support it. One does not have to worry about the independence of the project because the content creator can completely control project. It is merely a platform and a resource. They do not participate in the development of the project.

There has a video show what the meaning of crowdfunding.

 

Crowdfunding is become famous in the  the network, and it have many successful case. So i think the crowdfunding is the best funding model in the network.

Why the crowdfunding is the best?

First, the threshold is low fund-raising model. Anyone can start a project to raise funds, will come to be in this world to the project. Not only money, but also to participate. For example, a young student want to take a short-length movie, the script has been completed. However, he / she does not have enough money to complete it, the project could not start due to funding constraints. In this case, he / she can ask for help from the public, raising site is one of the best choices.

Second, people need not worry about the independence of the crowdfunding project, which is why crowdfunding model is the fairest mode of financing is an important reason. Equity crowdfunding model is completely different mode. In the equity model, and investors are right to control the content. For example, if the investor is an entertainment giants such as Sony Pictures, in order to achieve maximum benefits, they are likely to be asked to modify the script, replace actor / actress, or even the need to replace the project leader. However, fund-raising, people are just actors, not the investor. This means that who contribute to the project can not ask people to control the content, unless it was added as a screenwriter, actor / actress.

Third, by publicly funded quality and content. The project is funded by the public, if people do not like or interest in it, they will not contribute. Therefore, in this case, crowdfunding can create high-quality content.

However, not all of the crowdfunding project of good quality, there are some garbage. This is the risk of crowdfunding. There are many causes for this. Some organizers who just want to get money from doing nothing or very little. Similarly, people do not trust him / her.

I believe that raising funds will change the world, change the way people create content, changing the way people think, in the future change everything.

 

 

 

 

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