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I need to provide analysis, not just definitions. Offer insights on fragmentation, creator economy, and future trends like generative AI and immersive experiences. A conclusion that ties it together for professionals in the field would be useful.

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Today, that model is extinct. The rise of streaming giants (Netflix, Disney+, Max, Amazon Prime) and user-generated platforms (YouTube, TikTok, Twitch) has led to what industry experts call "The Great Fragmentation." Audiences have splintered into thousands of micro-communities. I need to provide analysis