Cornwall ON – Media Convergence and the consolidation of power in the media industry continue as BCE, the company that owns Bell Canada has purchased CTV for over 1 Billion dollars!
“In today’s digital age, it is extremely important to be a part of a vertically integrated company that can take advantage of content over multiple screens,” Fecan said in a release.
“As a division of Bell, CTV will be able to grow those capabilities even more. Simultaneously, Bell will benefit from our creative and content management skills.” Ivan Fecan CEO of CTV Globemedia and CTV Inc.
So what that means is that as Convergence takes place you’ll have one company providing you service via your device whether it’s television, smart phone, or internet as they all end up in one service.
It also lines up along the theory via Net Neutrality that big conglomerates will be on the newer faster net service that will have controlled access. In other words the ” media filter’s” will be better placed to delivery you their content.
This transaction is of course pending approvals from our government. What do you think Canada? Do you think this is a good move? How will it impact Canadians and Canadian media content? You can post your comments below.