Business of media entertainment: contract: how much $ everyone gets in certain situations (aka profit. Context of media business: forms 2 (retail) and 3 (commercial subsidy) are involved directly in business. The process: development (scriptwriting), production (shooting), marketing, distribution (theatres, netflix, et(cid:272)(cid:895), a(cid:374)d (cid:396)esea(cid:396)(cid:272)h (cid:894)i(cid:374)to the audie(cid:374)(cid:272)e(cid:859)s tastes(cid:895). All of these are business transactions between forms 2/3 and businesses. Oligopoly studio system of the past has turned into separate but interlocking companies: financing: networks, studios studios look to finance films, content: production companies and independent filmmakers looking for the , distribution: theaters, licensing, and digital. Digital takes over: streaming video on demand services made . 6 billion in 2016. Distributors really only get of gross proceeds (profit). Compensation (how much you get paid in a contract) is only expressed as a %. Because no one knows how a certain film or project will end up (it could bomb).