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Essays on media industry
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A Passion To Win
Media mogul Sumner M. Redstone
The winner of the Survival game
Perhaps most of people have been excited by the famous movies such as "Father", "Brave heart", "Tatanic" etc. Maybe people don't know who is the producer of these movies? They are produced by Paramount Pictures which one of the companies of the media leader-viacom.
Sumner M. Redstone who is one of the world's richest people is Chairman of the Board and Chief Executive Officer of Viacom. Currently, Redstone owns seventy percent of the voting stock of Viacom. Viacom, in actuality, is a subsidiary of National Amusements, of which he owns the majority voting stock. In 2002 he was ranked #32 on Forbes magazine's list of the hundred richest people in the world, with an estimated worth of US$8.1 billion.
Under his leadership, Viacom has become one of the world's largest entertainment and media companies, and a leader in the production, promotion and distribution of entertainment, news, sports, music and comedy. Viacom played a significant role in every region of media market. Viacom's properties include CBS, MTV, Nickelodeon, VH1, BET, Paramount Pictures, Viacom Outdoor, Infinity Broadcasting, UPN, Spike TV, TV Land, CMT: Country Music Television, Comedy Central, Showtime, and Simon & Schuster. National Amusements, Inc., a closely held corporation which operates approximately 1,400 motion picture screens in the United States, the United Kingdom and South America, is the parent company of Viacom.
It¡¯s unbelievable that the producer of those entertainment programs is a ¡°young person¡± who is nearly 80. ¡°I almost 25 years old, a young man who is just 25¡± He always confident like this. He put all his energy into the Viacom. He always says ¡°Viacom is I, I am the Viacom, this is the permanent marriage¡± The passion that he put into Viacom is really incredible.
Sumner M. Redstone was born May 27,1923 at Sumner Murray Rothstein, and grew up in boston, Massachusetts. He attended the prestigious Boston Latin school and graduated at the top of his class, which won him a position at Harvard College. He completed his B.A. in three years when the Board of Overseers of Harvard conferred him his degree. Afterward, Redstone served in World War II, decoding Japanese messages for the United States Army. Upon completion of his Army service, he worked in Washington, D.C. and attended Georgetown University Law School.He chose to transfer into Harvard Law School and received his LL.
We are daunted by the idea that our movies in America are not going to be as successful as we hope. With that being said, many movies are made based around the same topic. According to one article, “Hollywood has made
...s have been regaining ownership of theaters due to the reluctance of anyone filing suit against them, “new Hollywood it is just like the old days before divestiture only better” (Lewis, 2008, p. 406). In conclusion, the giant head of the studio system monster was cut off only for a bigger more powerful one of the new Hollywood to have grown back in its place. Ultimately, Hollywood studios remain more interested about making money, than making better films and “The independent producer does what a movie producer has always done: choose the right stories, directors and actors to produce quality films” (Lewis, 2008, p. 502).
As can be seen in exhibit to solution 2, we have estimated the per-film value of each production company. MCA Universal, Warner Brothers and Walt Disney Co are the only production companies that provide a positive per film value, with values of 9.89, 1.92, 12.56 million respectively. This value is calculated by dividing the net present value of all the movies by the total number of movies. We also calculated the average value of each production company based upon their share of the total number of movies produced. The companies with positive values were MCA Universal, Warner Brothers and Walt Disney Co is also the only production companies that provide a positive per film value, with values of 1.40, 0.37, 1.40 million respectively. These values are based on the average value per film multiplied by the company's average share of the industry.
...er apparently created successful persuasive appeals for the crowd to be attracted and enjoy a movie that will be funny, colorful, and full of adventures that eventually will teach a life experience to the public.
Alan Greenspan took office June 19, 2004, for a fifth term as Chairman of the Board of Governors of the Federal Reserve System. Dr. Greenspan also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. He originally took office as Chairman and to fill an unexpired term as a member of the Board on August 11, 1987. Dr. Greenspan was reappointed to the Board to a full 14-year term, which began February 1, 1992, and ends January 31, 2006. He has been designated Chairman by Presidents Reagan, Bush, Clinton, and Bush.
Movies are a key influencer in the market of entertainment. In the U.S it is one of largest exports. It currently is consisted of 3 stages which include; studio production, distribution, and exhibition. There are big companies in the current market, they are AMC, Regal, and Carmike Cinemas.
Few months ago, there was a huge impressing movie to me, which was named Inside Out, and it is an animation movie, and focused on adults. Inside Out is also fifteenth animation movie that Global animation company, Pixar, released. Their ambitious work, Monster University, failed to gain a number of audiences, so Pixar had resting period for two years. As the result, people worried about that Pixar might have been collapsed. However, two years later, according to this movie, Pixar informed they are still alive by obtaining many audiences. This movie completely gave me a good lesson and realization that how much and why all emotions are needed and important.
In Hollywood today, most films can be categorized according to the genre system. There are action films, horror flicks, Westerns, comedies and the likes. On a broader scope, films are often separated into two categories: Hollywood films, and independent or foreign ‘art house’ films. Yet, this outlook, albeit superficial, was how many viewed films. Celebrity-packed blockbusters filled with action and drama, with the use of seamless top-of-the-line digital editing and special effects were considered ‘Hollywood films’. Films where unconventional themes like existentialism or paranoia, often with excessive violence or sex or a combination of both, with obvious attempts to displace its audiences from the film were often attributed with the generic label of ‘foreign’ or ‘art house’ cinema.
In this paper I will offer a structural analysis of the films of Simpson and Bruckheimer. In addition to their spectacle and typically well-crafted action sequences, Simpson/Bruckheimer pictures seem to possess an unconscious understanding of the zeitgeist and other cultural trends. It is this almost innate ability to select scripts that tap into some traditional American values (patriotism, individualism, and the obsession with the “new”) that helps to make their movies blockbusters.
Some examples of this include Samuel Goldwyn belonging to MGM, Fine Line belonging to Time-Warner, and October belonging to Universal. While not all consumers viewing a film may not at first make the connection that a company such as October belongs to Universal, the major studio influence is at play. Major studios also acknowledge that there is a market appeal to producing independent films. Often times the audiences for these films are more mature, older adults than the demographics many summer blockbuster films are marketed towards (How Indies Can Survive and Even Thrive in a Blockbuster World.). This more mature demographic is valuable for the studios to acknowledge since they tend to have more disposable income than the younger audiences and by generating content that is more palatable for this more mature demographic, the studios continue to expand their market
Jeff Bezos, the founder of Amazon.com, was born in Albuquerque, New Mexico in 1964. His mother, Jackie, was in her teens when he was born and she was only married to his biological father for about a year. She married Mike Bezos when Jeff was four. Mike was a Cuban who escaped to the United States when he was fifteen. He put himself through college in New Mexico and eventually became an engineer at Exxon.
Moviemaking is a risky business, for it is not always profitable. Only one in ten films ever recovers its initial investment from theatrical exhibition. In fact, four out of ten movies never recoup the original investment. In 2000, the average studio film cost had a total cost of over $80 million per film. No other industry in the world risks that much capital to make, finance, produce ...
The Walt Disney Company is an American diversified multinational mass media corporation which is the largest media conglomerate in terms of revenue. It is present in five major industries - media networks, parks and resorts, studio entertainment, consumer products and interactive. According to the 2013 Fortune 500 list, The Walt Disney Company is the largest media conglomerate in terms of revenue in the United States, and it is followed by the News Corp, Time Warner, CBS and Viacom. (Fortune 500, 2013)
The company that I choose to explore is The Walt Disney Company. Walt Disney started the Disney Brothers studio in 1926, after years of working as a cartoonist. I selected this company due to the fact I am a fan of their products and services. Disney produced some of my favorite films like Aladdin, Hook and The Lion King. After I visited their website, I discovered that Disney owns multiple media outlets, in such areas as film, Internet, music, broadcasting, publishing and recreation. According to Disney’s “The mission of The Walt Disney Company is to be the one of the world’s leading producers and providers of entertainment and information. Using our portfolio of brands to differentiate our content, service and consumer products, we seek to develop the most creative, innovative and profitable entertainment experiences and related products in the world”. The Disney brand is doing exactly what their mission states.
The market segmentation of Walt Disney is divided into five main segments as follows: media networks, theme parks and resorts, Walt Disney studios, Disney consumer products and Disney interactive (Carillo, Crumley, Thieringer, & Harrison, 2012). As Carillo et al. (2012) continues to explain, media networks encompasses cable, broadcast television and radio networks, aside from digital operations. ABC, ESPN, and the Disney channel are some of the constituents of media networks. Theme parks and resorts, as Russell (N.d) states, include the operation of the Disney World Resort, the Disneyland hotel, the Disneyland Park, the Hong Kong Disney resort, and the Disneyland Pacific