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?
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What are the two main terms that cultural industries look for, when pursuing blockbusters?
- Convergence.
- Synergy.
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