This is the first non-specialist introduction to the economics of the contemporary film and television business. This global industry is significant both financially and culturally, and the political economy of its trade is an extremely sensitive issue. Are cultural goods merely entertainment goods? And why does the US dominate this territory? The present volume offers a systematic, structured explanation of how the global markets for TV and film operate while also discussing the implications for public policy and business strategy. By listing in detail the economic and cultural characteristics related to such trade, the authors provide the tools necessary for the evaluation of international communications issues. They also stress the uniqueness of cultural products and put forth the argument that the economic and cultural development approaches to cultural issues can be largely reconciled.
1. Introduction 2. Industry and trade background and trends 3. The volume and composition of trade 4. Why does the US dominate trade? 5. Film distribution 6. The export pricing of television programmes 7. The rationale for government intervention and implications for assessing trade disputes 8. Public policy: support and protection 9. International co-production as a business strategy 10. Business issues and strategies 11. New media and new markets Bibliography
Colin Hoskinsis Professor in the Faculty of Business at the University of Alberta, Canada
Stuart McFadyenis Professor in the Faculty of Business at the University of Alberta, Canada
Adam Finnis the R. K. Banister Professor of Business in the Faculty of Business at the University of Alberta, Canada