ABSTRACT
The digital age has come. Digitisation is fundamentally changing the market structure of broadcasting and telecommunications in their size and scope and their market conduct. Digital innovation creates not only new opportunities to expand the scale of broadcasting, telecommunications and information industries, but also promotes industry and market convergence. The market boundary separating broadcasting, telecommunications and information sectors rapidly blurs. Digital convergence has the potential to change substantially the kinds and quality of content and services consumers can enjoy. However, many questions are emerging, not only because digital technology itself is evolving at a rapid pace, but also because the nature and timing of economic changes are difficult to predict. In particular, economic problems due to digital convergence are requiring urgent attention, since they change the relationship between industries and consumers and make existing systems of regulatory policy ineffective and inconsistent.
