Tag: power

Examining user value in the economics of Netflix: the number of subscribers

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It is useful to start with simple truths when we consider the value of users to Netflix's capital accumulation. To accumulate revenues, Netflix needs users -- either to pay a subscription fee or to be the captive audience for advertising. Moreover, if revenues per user do not increase, such as from price inflation, Netflix will … Continue reading Examining user value in the economics of Netflix: the number of subscribers

Contextualizing mergers and acquisitions in Hollywood, Part 1

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A funny effect of media conglomeration in Hollywood is that many people, including myself, can use corporate names to signal whether we are speaking about Hollywood studios as producers of films, or as parts of giant media conglomerates. When we talk about this or that movie being produced by Warner Bros., Paramount, or Universal, we … Continue reading Contextualizing mergers and acquisitions in Hollywood, Part 1

2022 – Book – The Political Economy of Hollywood

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I have recently published a book, titled "The political economy of Hollywood: Capitalist power and cultural production". It is the most comprehensive publication of my political economic research on the Hollywood film business. The book contains new and updated empirical research on the Hollywood film business, both domestically and internationally. Notably, I retrieved a large … Continue reading 2022 – Book – The Political Economy of Hollywood

Making culture rational … with power

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A survey of academic writing on the business of culture will show that authors seldomly restrain themselves from making predictions or giving recommendations to the hypothetical economic actor. This offering of future-oriented arguments to an audience should not be surprising. The disciplines of economics, business, management studies and public policy teach people to theorize market … Continue reading Making culture rational … with power

Hollywood’s mantra: “Nobody knows anything”

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Your movie turned out the be a flop? "Nobody knows anything". You mistakenly believed consumers wanted to see a movie set in the 1920s? "Nobody knows anything". You thought your casting decisions were going to be loved by all? "Nobody knows anything". "Nobody knows anything"–this was the opening line of Adventures in the Screen Trade, … Continue reading Hollywood’s mantra: “Nobody knows anything”

Why Scorsese is right about corporate power, Part 2

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Missed Part 1? Read it here. Part 1 introduced Scorsese’s argument in his Harper’s essay, which was about much more than Fellini. The first part also explained how we can connect Scorsese’s essay to the drive in the Hollywood film business for major film distributors to differentially accumulate, i.e., beat a benchmark that is relevant … Continue reading Why Scorsese is right about corporate power, Part 2