Is Content Marketing still a king in 2014? If Yes then what about Social Media role?

If you call Content as the king then Social media is your queen, as content marketing is incomplete without social presence and the one who makes you complete is your spouse :)

It's true that content marketing has arisen from social media but brands have always been producing content videos, infomercials and other tools. However with the advent of social media brands have realised that they can't rely on monologues and hard sell tactics anymore.