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 impact did COVID-19 have on global box office revenue?

What are some reasons for the decline in movie ticket sales despite a growing population?

What are the economic factors that influence how movies get funded?

How has the average price of a movie ticket changed from 1910 to today?

Discuss the role of the 'Big Six' film studios in the current box office landscape.