The document discusses trends in the media landscape including: 1) The landscape is becoming more complex with social TV, fragmented TV, and networked TV as viewers have more choices across hundreds of channels and millions of options. 2) There are increasing opportunities for secondary rights markets as linear deals shift to formats and exploiting complex markets. Primary markets will need to support secondary rights and vice versa. 3) Rights markets will move from simple to complex sells, incorporating formats, co-production, websites, publications, and licensed products. Distribution and monetization will also become more complex.