Class Notes (838,951)
Canada (511,158)
POL 128 (259)
Lecture 6

POL 128 Lecture 6: POL128 – Week 6 (THURSDAY CLASS)

3 Pages
Unlock Document

Politics and Public Administration
POL 128
Joseph Zboralski

POL128 – Week 6 (Thursday Class) Global Box Office - $40B (how much people spent on going to movies Movie industry is dominated by studios – have been bought up by much bigger media corporations Major Movie Film Studios – Convergence Process - Disney (Disney Corporation) o Understood to be the biggest of the media companies because of the revenues coming in o 2014  Revenues - $48.8B o 2016  $55.6B o Disney has been doing really well  revenues gone up substantially o Owns ABC television network - 20 Century Fox o Owned by bigger media company called News Corporation – famous CEO o 2014  $33.7B o Owns fox television - Warner Bros (Time Warner) o Used to be biggest media company o 2014  $29.7B o Example of what has been going on in media business o Was purchased by Time and Corporate – published most famous magazines in the world (Time Magazine ▪ Very successful print media business o It was successful until it was bought out o AOL – had money to burn (very successful) and buys out Time Warner – one of the biggest corporate purchases o Throughout early 2000’s Time Warner does well, however AOL revenues did not do so well o AT&T – telecommunications system decides to buy Time Warner for $85B ▪ American government does not approve of purchase (decision is on hold) o Number of media companies have declined ▪ Raises questions on democracy, competition • Democracy – supposed to have variety of critical questions o Owns CNN - Paramount (Viacom) o Revenue  $13.7B o Owns CBC - Universal (Comcast) o Comcast is a big company  $64.5B o Not the biggest media company because it makes most of the money from non-media subsidiaries ▪ Owns a lot of cable, home security systems o Owns media assets but make most of the money in other areas - Columbia (Sony Corporation) o $66.4B o Bit of a decline – doesn’t keep up with technological changes - MGM o Studio that made Wizard of Oz o Went into bankruptcy o Purchased by private investors o Not owned by large corporate o Privately owned These studios have found ways to make money - Blair Witch Project - Night of the living dead - Or
More Less

Related notes for POL 128

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.