Not too long ago, the mobile industry was dominated by discussions about chipsets and back-end carrier infrastructure. Now, the conversation has turned to streaming video and iPhone apps – and there’s a whole cast of new characters that have a seat at the table, from Hollywood studios to web giants like Yahoo and Google. Who will be the dominant players, and what content will succeed in this emerging medium? These are questions that executives across an array of media sectors are trying to answer. This report provides insights into the future of mobile, with a particular emphasis on M&A and VC funding activity, and a glimpse into how mobile content (games, music, video, and social networks) will become a thriving business, through either paid or ad-supported models.