Film studios Flashcards
horizontal integration
when one company takes over or buys out another company of the same value
benefits of horizontal integration
- can profit of same thing, e.g. merch out of a movie
- reduced competition
- increasing synergies, such as marketing
vertical integration
when one company takes over or buys out another company that does a different stage of production as them
benefits of vertical integration
many sources of profit, complete control of product, more money in the long term
synergy
when a company creates a brand that can be used across different media products and platforms - therefore creating a lot of revenue income
harry potter synergy
movies, games, merchandise, theme parks, books/audio books, websites, music
conglomerate
a very large organisation that owns different types of media companies
consolidation
the joining together of smaller companies to create bigger companies
sister companies
companies that are owned by the same parent company and do the same job
subsidiary
a company owned by a parent company/conglomerate
parent company
a single company that owns another company or companies
360 degree marketing
when companies will advertise everywhere and to everyone
examples of 360 marketing
social media, merchandise, traditional advertising, sponsorships, intertextuality
intertexuality
when two movies overlap with another work of art
diversity in media
representation of minorites