submit a 1750 words paper on the topic The Movie Industry.
As with any industry, the film industry is always under threats of many sorts, including financial, operational, technical, natural, and execution. These aspects are part of the ever-changing industry, still keeping employees on their toes. As rocky as the film industry is, it is nothing compared to how rocky the threats can be. What may be an industry hazard one day might not even be on the employees’ minds by the next day.
. . . . . . . . . . . The financial threats that the film industry is facing right now have to do with the failing economy mainly.
Money is the most critical aspect of the film industry. Without money, there can be no employees to create movies, therefore no film, so a considerable portion of the entertainment industry is slowly but surely facing the same financial crisis as other industries. Before the recession, the film industry was always flourishing with new employees and new opportunities. the employment rate was larger than the unemployment rate, which was almost nonexistent. In the film industry, the only way a person could get fired is to royally mess up a project, losing money for the production.
There are seldom such massive mistakes. once you are fired from the film industry, you cannot come back.
. . . . . . . . . . . Business failure within the film industry, while entirely possible, is also difficult to arrive at. Even regardless of the recession, a business within the film industry is still strengthening as it has been since the first movie was created. The film industry consists of two branches: mainstream and independent. Even if something drastic were to happen to the mainstream film industry, such as the failing economy making it impossible to get people to sponsor and finance a film, the independent portion of the industry still has what it takes to produce films since it does not depend so much on the help of others to get movies made.
. . . . . . . . . . . Other financial threats can be seen while a movie is being produced. Each film is granted a budget, though it has become common that most productions go over this budget. There are special types of insurance for these cases, in which the producer and the director are not troubled too much if they ever go a specific limit. However, if they exceed the limit by too much, then the production is taken over and shot for less.
When money is taken to cover the extra expenses, that is less money for another film, which, if constant, can be damaging to the film industry.