🎬 Media and entertainment diversity: a show worth watching
Goodbye, Stereotypes, Hello, Dollars: You know what's trending besides the latest blockbuster? Diversity and inclusion in media and entertainment. But it's more than just a buzzword. A recent McKinsey study highlights that the industry could pocket an extra $10 billion by addressing racial inequities. Now that's a show worth watching.
The Main Acts:
1. Diversify the Bosses: It's all about who's calling the shots. Diversity isn't just looking good at the entry level. Hearst's 2020 report shows that while 36% of new hires are people of color, only around 20% sit in management. NBCUniversal is setting trends with industry 'firsts' but says the key to ongoing success is busting those systemic barriers.
2. Metrics that Matter: Ready to make leaders accountable? Accenture has adopted a scorecard that measures its top 500 leaders on financials AND diversity goals. Ubisoft's playing the game too, with a whole team ensuring diverse perspectives.
3. Talk About It: Let's start some real conversations, shall we? The media industry has the unique power to educate and challenge the status quo. And it's about time it's used.
The Takeaway: This isn't just about feeling good or looking good. It's about real change and real dollars. From the gaming screens at Ubisoft to the studios at NBCUniversal, some big names are making moves. If diversity were a stock, it might be time to invest.
📊 By the Numbers: A McKinsey study shows that by addressing racial inequities, the industry could gain an additional $10 billion in annual revenues.
👀 Further Reading: Want to dive deeper? Check out the World Economic Forum's report on "The State of Diverse Representation in Media and Entertainment:
