The media had to go through $1.25 billion in damage and lost battle. In fact, the industry claims that 30-70% of the videos on YouTube are illegally downloaded. Since customers were now watching movies for free, this put a great impact on them. Sales of DVDs were declining while downloading and watching movies online were growing. So, to solve this problem, the movie and television studios decided to do something about this.
Sternheimer feels it is these other over looked factors that are truly the cause of “young killers” (210). These factors include personal traits, background and family. Sternheimer also blames politician’s claims for the rise of concern for video game violence (209). She briefly writes of law suits on video game producers and points out none have ever been won (210). Sternheimer wants us to question why there are “young killers” (210) arising from suburban families who are considered by most to be decent, well
Weiss opens up his article with, “As a reformed online gaming thief, this ruling makes no sense to me. It places too much value on the time people spend playing video games. Video games are not work or investments for which people should be compensated; they are escapism.” (Alex Weiss) Some may say that time is money, but that may not be the case. The productivity in the game is what makes each individuals’ time valuable. Therefore compensation for piracy of an object that does not exist would place the value of the time spent to gain a merely hypothetical item.
Even though, Touchstone did generate profit to Disney and it can share Disney resources, as a film company, to film at Touchstone, but it made them lost track of what their core business really is. It’s even getting worse when Touchstone released ‘Down and out in Beverly Hills, R-rated movie. Disney has a reputation for suiting for a family and it shouldn’t be releasing any movies
Universal City Studios, Inc. v. Corley, 273 F.3d 429 (2d Cir. 2001) Shanikia Easter 1/24/2015 Instructor: Amy Cargle Applied Business Law Everest Universal City Studios, Inc. v. Corley, 273 F.3d 429 (2d Cir. 2001) I think that if you purchase any media you should be able to make personal copies because you purchase the movie and it is now your property. Also; the value of the media usually decreases after opening it anyway and because it is necessary to have a back up copy. In my opinion it will be very hard to balance between the rights of both groups on this issue because there is people for it and people against it.
As is stated in the article, the company used to have a major competitive advantage in terms of movie selection, where, “…customers could browse through thousands of titles…” (Hitt 106). Now, the entire scope of the market has changed and Blockbuster was much too slow to respond. The recent moves that it has made will surely generate profits, but not enough to sustain the company in the long run, seeing as there is nothing that differentiates Blockbuster’s services from that of its competitors. In order to fully gain lost market share back, the company would have to create some sort of highly innovative way of viewing or renting movies that none of its competitors has already thought of; It would have to be something that is rare, difficult to imitate, not easily substituted, and able to generate above-average returns. Unfortunately, at this point it looks as if none of this will come into fruition because Blockbuster has essentially decided to latch on to other companies, creating a sort of symbiotic relationship where the company feeds off of the success of its competitors.
Video and Digital Rental Industry Though video rental companies such as Blockbuster and Hollywood video have been around for generations, the digital age has caught up with the standard rental companies. Digital rentals and online streaming has cut down profits for these types of companies to the point of sending them into bankruptcy and buyouts. With easy access of online content, consumers have chosen to place their entertainment funds into digital rental over the cost of renting films via traditional physical stores. The effects of digital content on the industry have completely changed business models all around. In the past visiting a video rental store and spending time browsing the categories and titles was the norm and almost ritual for some households.
* Viacom owns Paramount Pictures and MTV Films with library of over 3,500 films Weaknesses * Declining profitability- due to the decline in the economy * Paramount subsidiary of Viacom, Inc. not making as strong showings in the box office or low numbers for DVD sales, show that the consumers choices have shifted. * Piracy and online watching of movies- due to watching movies online, purchasing illegal cable or purchasing illegal copies of movies, the incoming revenue for Viacom has decreased * Trouble with debt * The
IMAX films faced competition from other films produced by studio such as Pixar/Disney that are targeted for families. Within the large format film segment, Iwerks was the only rival to IMAX. It received two academy awards for scientific and technical achievement. There is a debt remained problem for IMAX which caused by the crisis that hit the theater industry in the late 1990’s because of
If the majority of the population finds the script of a film to be unclear and hard to understand then they will give their friends that feedback and so people won’t go to see the film, which is especially bad for a mainstream film as they cost millions to produce and rely on commercial success. Also a simple storyline and straight-forward dialogue helps when translating the film for foreign markets thus increasing its commercial success. A good film script can make a new film successful as more people will go and watch it if they have heard good reviews from critics or their friends and family. However, there are many other factors apart from just having a good film script that can determine whether a mainstream film will gain the desired commercial success. The producers want the film to appeal to a mass market so that they can get mass audiences to go see their film.