NYC Mayor Bloomberg Announces 8 Initiatives to Strengthen City's Media Industry
Attract the Next Generation of Successful Companies to New York City
International and Domestic Recruitment: New York City is home to 29 multi-billion dollar media companies, more than any other city in the nation. To keep it competitive within the global marketplace, and to increase representation among emerging international and domestic media players, the City, along with executives from New York City-based media enterprises, is embarking on a recruitment campaign in emerging markets across Asia and the Middle East, and in Silicon Valley and the greater Boston area.
“New York City’s talented workforce, the diversity and concentration of its media businesses, and proximity to its consumers are what attracted Time Warner to locate here,” said Chairman and Chief Executive Officer of Time Warner Jeff Bewkes. “We support the Mayor's efforts to recruit more international companies to locate here.”
In order to facilitate interaction among traditional and new media professionals, and to engage the industry in discussions about issues ranging from content and distribution to the shifting media landscape, NYCEDC has created MediaNYC2020.com. Topics will be updated on a weekly basis and may include discussions on how consumers will search for and discover content; which payment models will support the industry and in what mix; will open or closed networks win out and in what cases; and how content consumption will be reallocated across blockbuster, professional mid- and long-tail, and user generated content. The MediaNYC2020.com forum can be accessed at: www.medianyc2020.com.
The City’s Five Borough Economic Opportunity Plan is a comprehensive strategy to bring New York City through the current economic downturn as fast as possible. It focuses on three major areas: creating jobs for New Yorkers today, implementing a long-term vision for growing the city’s economy, and building affordable, attractive neighborhoods in every borough. Taken together, the initiatives that the City has launched to achieve these goals will generate thousands of jobs and put New York City on a path to economic recovery and growth. To learn more about the plan, visit nyc.gov.