L2 - Power, Prestige and Profit

What does Prestige = ?

widespread respect and admiration

What is prestige based on?

Based on perception of achievements or quality

What are the 3 main prestigious awards that famous people get recognized for, if they have them?

Emmy Awards, Grammy Awards, Oscars

Fill in the blank.

These awards _______ the status of films, TV shows, and artists, contributing to the industry's _______.

elevate, prestige

What do the careers of iconic figures often symbolize?

the height of success and influence within the industry.

What does prestige build?

personal brands that are synonymous with excellence

Prestigious individuals often achieve what kind of recognition?

Global recognition

Fill in the blanks.

Long-standing ___________ in creating timeless films, shows, and music has built _____________ over decades

history, prestige

What does the work of historical prestige become?

cultural touchstones

What does historical prestigue connect people to?

a particular time, place or event.

What are some examples of "Prestige Events and Venues" in entertainment?

Examples include exclusive film premieres, red carpets, and renowned venues such as the Hollywood Bowl and Cannes.

How does entertainment exert "Global Influence" and demonstrate its power?

through entertainment, having a massive global following, influencing billions of fans culturally in areas such as fashion, politics, and social movements

What do large major entertainment companies control?

vast amount of content across multiple platforms.

What do streaming platforms shape?

modern entertainment consumption

What controls what you see on your social media feed?

social engineering

What is real life data based of?

algorithms for ads and content

Does social media provide entertainment?

Yes.

What can social media platforms influence?

beliefs and behaviour

What are the multiple revenue streams for profitability in the entertainment industry?

Box Office + Streaming, Merchandising and Licensing, Touring and Live Events: , Syndication and Content Licensing: , and Advertising

What would fall under merchandising and licensing that gains profitability?

Characters, music, and media properties are licensed for merchandise, toys, theme parks, and video games

Fill in the blanks.

Box office + streaming revenue stream is the _________________ of many movies/studios.

financial success

What revenue stream has a subscription service model?

Box office + streaming

What is syndication?

 sale of licensing material

Who profits from syndicating TV shows and licensing content to international markets?

Studios and producers

What form of advertising gains profitability?

social media ads