MIGRAIN: Hesmondhalgh - The Cultural Industries
Q1: The activity that deals primarily with symbolic goods is what cultural industries. Q2: The congratulate companies that earn off the small and poor companies to boost their profit and become bigger its inevitable that small companies are bought out. Q3:In order to expose the evils of capitalism and the greed of the rich however even the rich earn off projects that support other ideals rather than capitalism Q4: Difficulty in predicting success, high production costs, low reproduction costs, and the fact that media products are 'public goods. Q5: 9/10 of the media products made fail leaving a 10% chance of success Hesmonhaldgh calls it a "risky business" especially for low-budget or small media companies Q6: The media companies need the profit to create more products so it makes sense to make them only for money and profit. However creative media products could bring the next trend and bring in profits in the thousands Q7: The new tre...