[Upd-discuss] huh: Hollywood copes with digital age

[Mashilamani Sambasivam]

On how hollywood is coping with filesharing:
http://news.bbc.co.uk/1/hi/programmes/click_online/5019472.stm

Another interesting programme was: 
http://www.bbc.co.uk/pressoffice/pressreleases/stories/2002/04_april/22/hollywoodinc.shtml

Extracts from the programme:
<quote>
*A film costs tens to hundreds of millions of dollars.

*For a studio, as an investment, 6 out of 10 films
fail. 
*For a studio, as an investment, they get 5% return.
They can get more if they put the money in the bank. 
</quote>

what I am getting at is why do the studios put so much
effort (0.1 to 1 million dollars per minute of film
footage), time and money if the studios can get much
better return on investment elsewhere. The obvious
is deeply influencing culture. But apart from that,
what is so important about movies?

anyone have any thoughts on any of the above?

Masi

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