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The Long Tail Theory describes how the Internet has influenced economics, commerce and consumption.
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The phrase “The Long Tail” was first coined by Chris Anderson in a 2004 article in ‘Wired’ magazine.
The Long Tail Theory describes how the Internet has influenced economics, commerce and consumption. Since Broadband was introduced in 2001, these impacts have been most prominent.
i.e. The Head is ONE shop that has 50 customers. The Long Tail is 50 websites than each have 1 customer.
The Long Tail theory can be applied to the film industry in terms of how films are distributed. i.e. The Head is a high street film retailer such as Blockbuster. The Long Tail is an online film distribution service such as Amazon.
This means that high street shops (the Head) that sell films are gradually becoming less popular due to the restrictions they experience in terms of shelf-space. Internet retailers (the Long Tail) do not experience this as they do not have a physical shop. Their unlimited space shelf allows them to provide for niche markets, increasing their customers as they have a wider variety of products.
For example, The Head may contain: Cinema chains such as Cineworld, Odeon; film retailers such as HMV, Blockbuster etc. The Long Tail may contain: Internet sites such as Netflix, YouTube, LOVEFiLM etc.; iTunes etc. Due to the growing accessibility of the Internet, more and more films are being downloaded online rather than bought in the shops.
Advantages
Disadvantages
Media audiences becoming less “mass” and more selective. In the early emergence of TV or radio, the audience do not have many channels to choose. Thus, they just tune to one channel. However, there are more channels today to choose from.
The most important type of convergence is device convergence- combining the functions of two or three devices into one mechanism. Apple's iPhone, for example, is a phone, an MP3 player, and a camera, and it can connect to the Internet. The latest model video game platforms can also play DVDs. Some cell phones incorporate navigation systems. Experts predict that eventually the home PC will converge with the TV set in one information appliance that will include, phone, Internet, DVD playback and TV functions.
Audience members are more in charge of what they want to see and/or hear and when they want to do it. Let's take television as an example. For many years’ viewers had to watch programs broadcast by local stations and the major networks according to the media's schedule. However, recent technological advances have given more power to the consumer. The VCR allowed time shifting, or recording a program to be viewed at a more convenient time. Remote controls made it easier for viewers to select what they wanted to watch. Cable and satellite channels offered hundreds of new viewing opportunities.