What impact does media ownership have upon the
range of products available to audiences in the media area you have studied?
Media Ownership plays a massive role and has a huge impact on the range of products
available at the cinema and online in services like Netflix. 87.5% of the film market is owned by these
major companies so there is no avoiding their range of products. There are six
major companies which dominate the film industry; Warner Bros, Paramount
Pictures, Walt Disney, Columbia Pictures, Universal Studios and 20th Century
Fox. These companies are multibillion dollar public figures. And have handsome
investors who splash the cash.
Furthermore , the resources that these firms have is incredible
, these companies have set a side millions just so they can have the latest technology
to create the best films possible. And with the sheer number of films being
created at once the major six firms are versatile to more market spread than
smaller less budgeted companies. The multiple film production is easy to the
big firms and they are quicker at producing higher quality films than much
smaller firms.
Other small British companies like DNA films and WARP will not have updated
and high quality of studios. Compared to that the big six which have dominant
next level studios and sets . 14 out of 17 paramount’s films have been action
related in 2013 , they all have over 80 million budgets and use the highest
quality green screens CGI and higher set service than any smaller based film
companies . this proves how large ownership of firms and big money can effect
the range and one hundred percent the quality of the range of films made .Also
with the higher level of technology and quality in the production , these films
are now available in imax and 3D cinemas , where smaller owned companies don’t have
the investment to rise the range of quality in the film they produce.
Diversity , the major firms which are highly invested in
have huge budgets for screen writers and directors , the screen writers of the
best kind do not create repetitive action films and create something new broad
and exciting every time . meaning the major firms can access a wider audience
more easily . unlike smaller film companies which cannot afford these expensive
screen writers and cannot have a new fresh look on the fill market.
Smaller firms and other solo film makers will also turn to major firm for a partner in
synergy. One example is the film Paranormal Activity, this film would have been
very small and hardly known if Paramount Pictures were not involved. Orin Peli made the movie for just $15,000,
covering all production costs by himself he knew he couldn’t make the film any
bigger without paramount. This decision made him over $190 million. This shows
how solo film makers can have great projects but cannot fundamentally succeed
without the marketing and distribution from the global companies which dominate
the worlds audiences .
Big six , these will also be able to specialise in more than
one genre of film, giving them a big advantage. This means that there will never be
a repetitive outburst of one type of film, consequently expanding the range of
films available. They will also be able to produce these films to a very higher
standard than their competitors.
Next, the big six are also very reputable. People know who
they are and some will even go to see a film as they have high respect and critical
acclaim and the public just love their films . This means that films could have
more screenings, again making the range of products significantly more. It also
means that other films will not have a chance if these companies are involved,
hence why 9/10 of the films which are seen in cinemas have involved these.
In Conclusion media ownership has a massive impact over the
range of products that are available to audiences due to the sheer budget
allocation and overall power and outstanding influence in everything they do .
with even small film makers realising that they cannot compete and selling the rights
to bigger companies , it proves how the madness of the size of the companies is
overruling the market .