Is Hollywood Running Out of Risk?

Is Hollywood Running Out of Risk?
Bichler, Shimshon and Nitzan, Jonathan. (2015). Real-World Economics Review Blog. 19 November. (Article - Magazine; English).

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Abstract or Brief Description

If we are to believe the conventional creed, Hollywood films are highly risky investments. The common view is that movies are like a box of chocolates. Their producers and distributors never know what they’re going to get when the movies open to the viewing public. They can be loved or hated. They can succeed or bomb. They can gross hundreds of millions or generate huge losses. In short, their ex-post performance is ex-ante unpredictable. But as James McMahon shows in his 2015 PhD thesis, this conventional view is seriously out of tune with the rapidly changing reality.

Language

English

Publication Type

Article - Magazine

Commentary on

What Makes Hollywood Run? Capitalist Power, Risk and the Control of Social Creativity
McMahon, James. (2015). Unpublished PhD Dissertation. Graduate Program in Social and Political Thought. York University. November. (Thesis; English).