Black Panther Flashcards
AUDIENCE AND INDUSTRY
What is vertical integration?
When a company owns and controls every stage of the production, distribution and exhibition process.
What is horizontal integration?
When a media company acquires companies of the same media type. (Rivals before acquisition)
What is Curran &Seatons key ideas?
- Media is controlled by a small number of companies driven by profit.
- Media concentration limits variety creativity +quality.
- Profit driven works overtake creativity.
What 2 forces do C&S claim media is driven by?
- Creativity (writers, directors, actors, photographers etc)
- Business (managers responsible for ensuring profitability and commercial viability of products)
3 advantages of horizontal integration?
- Production costs minimized
- Resources can be shared
- Markets can be controlled
Why does Disney horizontally integrate?
To be able to have rights to produce more films of a franchise/rights to a character
What’s some examples of horizontal integration in BP?
- Shared resources: Marvel characters, Disney production studios
- MarvelStudios/LucasFilm/Pixar- potential rivals
Advantages of vertical integration?
- Disney retains all profits from product distribution
- Full control of when and where products broadcasted
- Cross media synergies - use subsidiaries to promote + max profits
- Producing and distributing sales costs
- Restricts access to competitors on their distribution channels
- Disney do not have to pay distributors thus capturing downstream profits
- Distribution company doesn’t have to pay for content, thus capturing upstream profits
What is a conglomerate?
A company that owns other companies across a range of media platforms.
What are criticisms of conglomerates?
It prevents creativity (Curran & Seaton media concentration)
What does distribution mean?
The way media productions are advertised and delivered to audiences.
What does artificial scarcity mean?
Hesmondhalgh argues media producers control commercial risks through careful supervision of distribution and promotion practices - restricting access to product by limiting availability.
What is brand cultivation?
Building your brand and increasing awareness.
What is Hesmondhalgh’s argument about internationalization?
Media expansion is often pursued so producers can develop the ability to distribute their products on a global scale. (appeal to global audiences)
Why is the media industry high risk?
- Audience aste virtually impossible to predict
- High production costs
- Mass competition
- Media products have limited consumption capacity