Synergy
Synergy - This is when different companies work together to promote a range of related products. Two companies work together to form a product that couldn’t be achieved on its own. • W hen the interaction of two or more forces working together creates a greater effect than the sum of their individual efforts. • Media synergy is the way in which different elements of a media conglomerate work together to promote linked products across different media . • It works when different elements within a media conglomerate (e.g. film studio, record label, video game division) promotes created linked products (e.g. film, soundtrack, video game) so that they all publicise each other In 2000 AOL and Time Warner merged. The promotion of ‘ Harry Potter and the Philosopher ’ s Stone ’ by AOL Time Warner is a good example of synergy: Adverts for the film were shown on HBO and the WB, both American TV channels which are subsidiaries of Time Warner. The soundtrack was rel...