Thursday, 16 October 2014
OLIGOPOLY WITHIN FILM
Market situation in which producers are so few that the actions of each of them have an impact on price and on competition. Each producer must consider the effect of a price change on the others. a cut in price by one may lead to and equal reduction by the others, with the result that each firm will retain about the same share of the market as before but with a lower profit margin. this links to film institutes because if one of the larger firms alters its self in anyway this can have either a negative or positive impact upon other film institutes.
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It's great that you've done some individual research on what 'oligopoly' means. What you really need to know in terms of the film industry, is that the major film studios - the Big Six - control the vast majority of film content viewed around the world.
ReplyDeleteWhat is a 'film institute'? Are you talking about the BFI or are you talking about a production company? i.e. an institution.