4 ms·

Nah, why insecure? Just pointing out that for the most part this article was talking in universal terms while describing a strictly American market. The interna

Nah, why insecure? Just pointing out that for the most part this article was talking in universal terms while describing a strictly American market. The international players mentioned export their cultural products, of course, but the interactions described were strictly American. It’s a typical U.S. bias which can be a bit annoying to witness outside of the U.S. bubble. Not a single time the adjective American was used to describe the distinctively local market the article was analyzing.

MR4D 8y ago
A large number (possibly all, but I didn't check) of those companies are global. Here are a few examples of how revenue breaks down for some (randomly chosen big) movies from some of the firms on the list. AT&T owns Warner Bros, and makes things like Harry Potter. Picking one of the movies, I see that the US box office is only about 1/4 of the worldwide gross. [0]. Not to mention that AT&T is itself a global firm for upwards of a century. Disney owns Marvel, which made Avengers Infinity War. A whopping 2/3 of that revenue came from outside the US [1]. Comcast owns Universal, which made Jurassic World. That movie had 61% of its revenue from outside the US [2]. CBS owns Paramount, which made Titanic. More than 2/3 of that revenue came from outside the US [3]. Of course, that was a massive movie - what about something like Shrek the 3rd? Interestingly, roughly 60% of that revenue came from outside the use as well [4]. Take a look at What Women Want, almost 20 years ago, and 1/2 of that revenue came from overseas [5]. Netflix is in over 190 countries, with more than 70 million subscribers outside the US. This is even more impressive when you realize that Netflix was US-only as recently as 2010 [6]. Obviously I could go on, but I think I made my point - US media companies dominate the globe for movies. I could also nitpick and note that they left off video games entirely, even though they are bigger than some of the companies on this list. But no matter how I slice it, it is not a local market, and hasn't been for years. Hence my strong disagreement with your position. [0] - https://www.boxofficemojo.com/movies/?id=harrypotter72.htm https://www.boxofficemojo.com/movies/?id=harrypotter72.htm [1] - https://www.boxofficemojo.com/movies/?id=marvel0518.htm https://www.boxofficemojo.com/movies/?id=marvel0518.htm [2] - https://www.boxofficemojo.com/movies/?id=jurassicpark4.htm https://www.boxofficemojo.com/movies/?id=jurassicpark4.htm [3] - https://www.boxofficemojo.com/movies/?id=titanic.htm https://www.boxofficemojo.com/movies/?id=titanic.htm [4] - https://www.boxofficemojo.com/movies/?id=shrek3.htm https://www.boxofficemojo.com/movies/?id=shrek3.htm [5] - https://www.boxofficemojo.com/movies/?id=whatwomenwant.htm https://www.boxofficemojo.com/movies/?id=whatwomenwant.htm [6] - https://hbr.org/2018/10/how-netflix-expanded-to-190-countries-in-7-years https://hbr.org/2018/10/how-netflix-expanded-to-190-countrie...

MR4D 8y ago

A large number (possibly all, but I didn't check) of those companies are global. Here are a few examples of how revenue breaks down for some (randomly chosen big) movies from some of the firms on the list. AT&T owns Warner Bros, and makes things like Harry Potter. Picking one of the movies, I see that the US box office is only about 1/4 of the worldwide gross. [0]. Not to mention that AT&T is itself a global firm for upwards of a century. Disney owns Marvel, which made Avengers Infinity War. A whopping 2/3 of that revenue came from outside the US [1]. Comcast owns Universal, which made Jurassic World. That movie had 61% of its revenue from outside the US [2]. CBS owns Paramount, which made Titanic. More than 2/3 of that revenue came from outside the US [3]. Of course, that was a massive movie - what about something like Shrek the 3rd? Interestingly, roughly 60% of that revenue came from outside the use as well [4]. Take a look at What Women Want, almost 20 years ago, and 1/2 of that revenue came from overseas [5]. Netflix is in over 190 countries, with more than 70 million subscribers outside the US. This is even more impressive when you realize that Netflix was US-only as recently as 2010 [6]. Obviously I could go on, but I think I made my point - US media companies dominate the globe for movies. I could also nitpick and note that they left off video games entirely, even though they are bigger than some of the companies on this list. But no matter how I slice it, it is not a local market, and hasn't been for years. Hence my strong disagreement with your position. [0] - https://www.boxofficemojo.com/movies/?id=harrypotter72.htm https://www.boxofficemojo.com/movies/?id=harrypotter72.htm [1] - https://www.boxofficemojo.com/movies/?id=marvel0518.htm https://www.boxofficemojo.com/movies/?id=marvel0518.htm [2] - https://www.boxofficemojo.com/movies/?id=jurassicpark4.htm https://www.boxofficemojo.com/movies/?id=jurassicpark4.htm [3] - https://www.boxofficemojo.com/movies/?id=titanic.htm https://www.boxofficemojo.com/movies/?id=titanic.htm [4] - https://www.boxofficemojo.com/movies/?id=shrek3.htm https://www.boxofficemojo.com/movies/?id=shrek3.htm [5] - https://www.boxofficemojo.com/movies/?id=whatwomenwant.htm https://www.boxofficemojo.com/movies/?id=whatwomenwant.htm [6] - https://hbr.org/2018/10/how-netflix-expanded-to-190-countries-in-7-years https://hbr.org/2018/10/how-netflix-expanded-to-190-countrie...