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.
Netflix has had quite a bit of success here with shows such as ‘House of Cards’ and ‘Marvel’s Daredevil’, but other video streaming suppliers have started to create and release unique content as well, and some of the major media companies are pushing back against the unique content on streaming services by removing their own content from those streaming services. An example of this is CBS Corp.’s Showtime unit, who said they were going to remove their premium content from Netflix. The fourth and final challenge is the cost of accessing content, as the studios are clearly ready to raise the fees for their content, Netflix has to maintain a
1. Using the Porter’s framework, we will examine the general and industry environment. Threat of New Entrants (SIC 3861) is low due to expensive and specialized equipment, patents on technology and equipment, great customer service and technical support; (SIC 7812) is low due to high costs to make films although educational and documentary films tend to be less expensive; (SIC 7822) is low as IMAX has long term contracts in place with current venues. Buyer Power (SIC 7812) is high as there are many companies that produce quality films and movies; (SIC 3861) is medium due to the many cinema companies although there is no real alternative to IMAX. Supplier Power (SIC 3861) is low.
Additionally, there are copies such as Netflix who offer the movies the day the theaters stop featuring the movie. b. Bargaining Power of Suppliers- the Cineplex is one of four theaters that significant in the market, which makes the film industry less competitive and theses theaters headline the most popular movies at the same time. c. Threat of Substitute Products- the emergence of the bootleg dealers has changes the dynamics of the movie experience as the dealers have been able to produce theater quality movies sometime prior to the movie debut in the theaters. d. Rivalry among competing firms-v Cineplex is one of four popular brands; there is little competition among the top four brands as they all preview the top movies at the same time.
IMAX is a brand so they don’t have to pay the same kind of talent that Hollywood has to pay which is really a high percentage of the costs. IMAX films are often educational and entertaining and involve documentaries of natural and scientific wonders. The weaknesses for IMAX include expensive production, it is smaller compare to Hollywood studio, and long term debt. Because of its larger size, printing and distributing, IMAX films are costlier than 35 mm films. IMAX films faced competition from other films produced by studio such as Pixar/Disney that are targeted for families.
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.
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.
Definition Essay I love watching movies like most people do. But is going to the movies better than renting movies? I prefer renting movies and watching them at home. Going to the movies is a never-ending hassle because of the parking, prices and uncomfortable atmosphere. So most of the bigger movie theaters are usually located in major shopping mall an area which creates one of the biggest issues with going to the movies, the parking.
However, they still do not compare to the speakers used in movie theaters. DTS Cinema Sound, Dolby Digital, and THX are all companies that specialize in high-quality surround sound systems, all of which continue to develop new technology in the realm of sound systems and push their best systems on movie theaters. With movie theaters being superior in quality, why would anyone not go? Simply put, the inconvenience. The price we pay for this quality is more than just the ticket price.
* 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