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Hollywood survival strategies in the post-COVID 19 era

Business

Hollywood survival strategies in the post-COVID 19 era

M. J. Jr

This research by Michael Johnson Jr delves into the response of major American entertainment giants to the COVID-19 pandemic, exploring how the crisis has hastened the industry's shift to streaming platforms as the main method of film and television distribution. Discover the evolution of innovation during these unprecedented times.

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~3 min • Beginner • English
Abstract
Since the arrival of the Coronavirus in the United States, Americans have been forced to quarantine themselves at home in dramatic fashion, unlike almost any other time in the nation’s history. Moreover, the American workforce has been equally impacted by virtue of state-imposed shutdowns that have affected innumerable businesses, including the Hollywood entertainment industry, which is the subject of this research. I examine how commercial entertainment conglomerates like AT&T, Comcast, Disney, ViacomCBS, and Fox have responded to mandatory closures for businesses that employ a human workforce upon whom they rely for their labor, and to human consumers they seek to distribute their film and television commodities for profit. Using historical and discourse analyses in a political economic theoretical framework, I review contemporary reports about the economic conditions which have influenced the industry’s technological adaptation and innovation and argue that the Hollywood television and film industries will capitalize upon this current public health crisis as a motivator to adopt streaming platforms as the new preferred distribution mechanism of entertainment long after COVID 19 is a memory. This qualitative research examines the technological adaptations employed by these entertainment conglomerates to analyze (1) how the transition to streaming video on demand has occurred, and evaluates (2) what the adoption of these survival strategies mean for Hollywood’s long-term economic future and survival in a "digitally competitive" (Smith and Telang, 2017) marketplace.
Publisher
Humanities & Social Sciences Communications
Published On
Apr 21, 2021
Authors
Michael Johnson Jr
Tags
COVID-19
entertainment industry
streaming platforms
technological adaptation
business shutdowns
political economy
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