Business and Industries - Industry Systems - Blockbusters

4 important questions on Business and Industries - Industry Systems - Blockbusters

To pursue blockbusters, cultural industries look for what Jenkins (2006) calls convergence.
What does convergence mean?

  • When a product crosses media or platforms.
    • Classically from book to movies or vice versa.
    • Today also connected to internet and social media.

What is synergy and how does it apply to business?

  • A synergy is a combination that generates more than the sum of its parts.
  • In business it refers to links that generate higher profits at little extra cost.

Product spin-offs are often used as synergies for movies. Can you explain what this means?

They use for example toys that are based (spin-offs) on characters of a popular movie to make extra profits.
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What are the two main terms that cultural industries look for, when pursuing blockbusters?

  • Convergence.
  • Synergy.

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