How can the success of a media product be
judged?
Key terms
Key terms
Conglomerate - a
thing consisting of a number of different and distinct parts or items that are
grouped together
Vertical
integration - the
combination in one firm of two or more stages of production normally operated
by separate firms
Horizontal
integration - the
acquisition of a business operating at the same level of the value chain in a
similar or different industry.
Cultural
industries - films, radio programmes, magazines,
etc.
Franchise - an authorisation
granted by a government or company to an individual or group enabling them to
carry out specified commercial activities, for example acting as an agent for a
company's products
Cultural Industries - David Hesmondhalgh
Cultural
industries follow the normal capitalist pattern of increasing concentration and
integration – cultural production is owned and controlled by a few
conglomerates who vertically integrate across a range of media to reduce risk.
Risk
is particularly high in the cultural industries because of the difficulty in
predicting success, high production costs, low reproduction costs and the fact
that media products are ‘public goods’ – they are not destroyed on consumption
but can be further reproduced. This means that the cultural industries rely on
‘big hits’ to cover the costs of failure. Hence industries rely on repetition
through use of stars, genres, franchises, repeatable narratives and so on to
sell formats to audiences, then industries and governments try to impose
scarcity, especially through copyright laws.
The
internet has created new powerful IT corporations, and has not transformed
cultural production in a liberating and empowering way – digital technology has
sped up work, commercialised
leisure time and increased surveillance by government and companies.
Applying this to Minecraft:
Hesmondhalgh’s
Cultural Industries theory is relevant to Minecraft because it explains why
Microsoft acquired the game: they did this because…
The concerns that people might have over
this acquisition are…
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