Arthur D. Little's EU5 Media Flow of Funds 2014 report highlights the challenges and strategic imperatives for individual value chain steps in the media industry, as well as the expected online growth until 2017. The report provides insight into the speed and main beneficiaries of the digital transformation of the media industry, with a focus on the EU5 region. The report's authors include Clemens Schwaiger, Principal, Global Head Digital Media, Javier Serra, Principal, Arthur D. Little Spain, and Carlos Abad, Martin Born, Elisabetta Cafforio, Damien De Vroey, Enrique Flores, Vikram Gupta, Eytan Koren, Tanneguy Laudren, Didier Levy, Francesco Sabatini, Richard Swinford, and Karim Taga.