The Economics of Hollywood: Hollywood

The video explores the impact of COVID-19 on the global box office, highlighting a 71% revenue decline. It delves into the economics of Hollywood, including funding, subsidies, and the industry's role in the US economy. The shift in movie consumption from theatres to online platforms is discussed, alongside the effects of inflation on ticket prices. Technological advancements in film distribution are also covered, emphasizing the dominance of major studios.

What was the percentage decline in global box office revenue due to the COVID-19 pandemic?

• 50%

• 71%

• 60%

• 85%

How does the film and television industry compare to other sectors in terms of employment?

• It employs fewer people than the farming sector.

• It employs fewer people than the mining sector.

• It employs the same number of people as the mining sector.

• It employs more people than the farming sector.

What has been a significant change in content consumption over the past two decades?

• Return to traditional movie theatres

• Decrease in online streaming

• Shift to digital content consumption

• Increase in physical moviegoing

What is one reason for the growth in box office revenue despite fewer people attending movies?

• More people attending theatres

• Decrease in online streaming

• Increase in movie ticket prices

• Decrease in movie ticket prices

Which film distribution model was pioneered by Mark Cuban in the early 2000s?

• Exclusive theatre releases

• Dual distribution model

• Direct-to-DVD releases

• Television premieres