Unit 8 Task 1 Ownership and Funding By William Watts

Ownership and Funding Public Service Broadcasting Public service broadcasting is the idea that media mainly implying TV programs are broadcasted for the public’s purpose from the government rather than the commercials purpose. Programs which are especially for the public include local news coverage, arts programmes and religious broadcasts. This can be funded through various sources such as licence fees, public financing and governmental contributions. BBC are publicly funded by the licence payers, but they also outsource their work to other countries, and they also sell products such as DVDs. Doing this they can earn more money than just from Public Service Broadcasting Private Owned Broadcasting Privately owned companies would be funded by only their products which they make and sell. Production companies such as Sky television are privately owned and receive money from such things as subscription fees and advertising. Hybrid Owned Broadcasting Some companies are owned partly by private organisations and partly by public owned. This can help in creating revenue whilst also giving some creative control. Film Four has had many issues with its funding, but at one point was part publicly owned and part privately owned. Independent Independently owned companies would freelance their work to other organisations. This gives complete freedom with creativity and means that they are not tied to specific boundaries. Funding These companies are funded in various ways: License Fee Subscription Sponsorship Advertising

Company Size Each company within the creative media sector has a different size, and some companies are larger than others, whilst some companies are quite small. Some companies work on a global scale, and advertise to the world through various means, whereas some independent companies are quite small and deal in only smaller locations. Global companies will work all over the world to sell their products on a huge scale and it means that audiences are familiar with their names, and that they will turn to them because it is what they are used to. Independent companies may not be as globally successful, but because they work on a smaller scale, it means that they can target a smaller and more specific audience. There is a scale of how big each company can be, and the bigger the company, the more income and revenue that it creates, however, with more revenue and income, the more expenses that there eventually. Company Structure Most companies in the media sector are related somehow, and they work to sell their products together. Some companies work through other companies in order to sell their products, which are called subsidiaries. These subsidiaries are stand alone companies, but they use the other companies’ recourses and expertise to sell their products.

How movie studios make money?

How movie distribution works? It starts with someone thinking of an idea for a movie, this could be linking from a previous movie or a one of movie. They then create an outline for it and attempt to promote it and make it to look to be a success. They could do this by talking about and showing features to the movie which is different. A studio or independent investor will buy their design for the film. From there the movie will progress and can start. From here, people are brought together to make the film by bringing screenwriters to write the scenes, producer who helps with production, director who is in charge of the movie, the actors/casts and filming and editing crew. Eventually the film is made and sent to the studio. The studio makes a licensing agreement with a distribution company. From here, they view the film and predict how many copies to make, for example on DVD’s. They then show the movie to theatres and gets them to buy it. The buyers then decide which movies they should help out the most. Print are then sent to the theatres before the opening day. Then the movie is shown in the cinema for a limited amount of time. This is usually done for a certain amount of weeks. Customers then buy tickets and watch the movie. Finally the theatre sends the print back to the the distribution company and makes money on the lease agreement. In this step, they see if they have made a profit or not and from there will continue on producing another movie or not.