The Business of Making Movies

In: Business and Management

Submitted By cmunsch
Words 697
Pages 3
Carmen Munsch
Article Summary - “The Business of Making Movies”

In recent years, the movie industry has gone through some very significant changes which has led to an increase in the cost of making movies. Some of these include increased production and marketing costs, the cost of piracy, the use of digital technology and the increase in different types of entertainment available to people. These and other factors have changed the types of movies that will be made. Movies are a significant source of income in the US as well as for many other countries. They are of great importance in reflecting cultures. It could also be argued that movies can incite change in the world. India leads the charge as far as largest number of films released followed by the US and China. In the US, the motion picture business is made up of six major studios. Some of these studios also own smaller subsidiaries that produce independent films. The number of these that are made available to the general public is very small. There are tens of thousands of independent films every year that never make it to the big screen. The process of making a movie includes six stages: development, pre-production, production, post-production, marketing and distribution and exhibition. This article focused on the first four stages. The producer of the movie is the person who has ultimate control of the project and is responsible for keeping the movie budget on track. The producer follows the film from the idea all the way through distribution. Producers of major movies often earn seven-figure salaries plus bonuses and profit-sharing. The Producers Guild of America (PGA) is the group responsible for the rules of how someone is able to get credit and be considered a producer on a film. They have very specific guidelines that must be met. In the development phase, the producer purchases the…...

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