Globalization Movie Production

3576 WordsMay 12, 200815 Pages
The world wide movie business with its incredibly large cultural and economic impact is mainly driven by its regional growth and exports. The organization of the film industry is undergoing a significant transformation trough globalization. While the export rates of US and UK movies were exceptionally high for many decades, new competition from many areas has grown over the last few years resulting in a growing number of Asian and European movies that are now exported globally. The transformation towards globalization also relates to the production of movies and provides the industry with many new opportunities and new venues in which to produce their films. While Hollywood increasingly outsources production activities to different…show more content…
It is also expected to reduce so-called ‘tax tourism’ from foreign producers. In terms of Hollywood studios, the new deal is expected to put the UK back on the film-making map. France: The production sector in France continued its impressive growth in 2005, with a record 240 films produced. This is an increase of 18.2 % over the 203 in 2004. Of the 240 films, 187 were of French initiative (up from 167 in 2004), of which 61 were co-productions. Total investment in film production rose by 22.6 % to €1.28bn ($1.53bn). There were 53 minority co-productions in 2005, up 17 on 2004. This is attributed to new regulations allowing foreign investors to work in France with local companies. Germany: The total number of films produced in Germany hit 146, of which 43 were documentaries, bringing total feature film production closer to 103, but nonetheless an 18.3 % increase on the 87 features produced in 2004. There were 60 films of German origin which was the same as the previous year. The major growth came from the number of co-productions which rose to 43 from just 27 the previous year. Of the co-productions, 18 were majority led German co-productions leaving 25 features in which Germany had a minority production status. Italy and Spain: Italy produced 98 films. Rome is the production capital of Italy and companies
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