Photo by Nathan DeFiesta on Unsplash
Hollywood is a part of Los Angeles but it has overgrown its home town. This small district has become the place where all the dreams come true for the world. The home of the entertainment business, it has given the world a lot of golden moments and Hollywood has become a metonym for the industry of motion pictures of the U.S.
They don’t reveal the actual budget of a film but still film like the Pirates of the Caribbean: On Stranger Tides, still ranks highest. The Hobbit Trilogy has got its name for expensive threesome in its back to back production of the three parts.
Accounting and the economics of the film production
There are different types of markets because of various factors that impact the film production. External market forces and inflation of the market are there to influence the film industry and its productions. The filming techniques also affect film production and economics.
The film is produced by a film studio that distributes the movie through a distributor who has got his own distribution company. They get their fees for distribution from the studio but still, the studio remains in debt to the distributor most of the time. That’s why sometimes they claim that there was no profit from the film that may have actually made a huge profit.
Famous industry and its history
There are many films produced in this industry and these films are released all over the world. These films are well advertised and people all over the world wait and hold their breaths to view the final form of these films. The year of 2008 was all about Batman. The people all over the world waited to see the final avatar of Batman and the Joker and their dual activities.
There were long lineups and people did not wait to find if the seats are good or if the screening of the movie will be at the best movie hall. They never wait to read reviews and they still agree to pay for the movie tickets at any hall that it is released.
Some celebrities and some qualities
The hype for the movie goes to such an extent that there was no stopping of the audiences from seeing the Dark Knight without any delay. This urge to see the movie is increased worldwide and the profit percentage increased also. It’s a place where you will find celebrities like Chandler Riggs, Jennifer Lawrence, Meryl Streep, Patrick Stewart, and Angelina Jolie. The movies like John Carter, Spiderman and Harry Potter series, Avatar, Narnia, and The Avengers, the series of Iron Man are very popular in recent times.
There are many celebrities who made their name in this city with real talent and money, proper plans, and the cunning ways to execute those plans, the self-managing activities, and the right connections. These are more effective for the celebrities to shine but they also need true quality skill for acting to be remembered and beamed at long after they have bowed out of the stage of life.