The phrase is more than a date and a set of keywords. It is a warning and a promise. The warning is that the old models—linear schedules, passive audiences, slow production cycles—are dead. The promise is that for creators and consumers willing to embrace fragmentation, the tools of production and distribution have never been more democratic.

: Disney’s centennial animated feature was the third-highest grosser, though its daily $3.7 million was lower than industry expectations for a major holiday release.