levo

Contexts of Media

Economic context: funding, ownership and financial constraint

  • 3 things to know
  • Components 01 and 02

Overview

Recall questions on how media producers are funded, conglomerate ownership and franchise risk, licence-fee, advertising and not-for-profit models, the budgets of streaming drama, and economic opportunities and constraints.

What you need to know

Answer each one before you reveal it.

Your recallNot started
Evaluation

How does belonging to a conglomerate give a film economic advantages a standalone production lacks?

Key term

Define a media conglomerate.

Key term

Explain how a street-sold magazine's business model is also its social purpose.

Questions from this subtopic

Each one with the model answer underneath.

  1. 1

    State the main sources of funding available to a media producer.

    Model answer

    Advertising revenue, direct payment by the audience through sale or subscription, public funding such as a licence fee, and donation or trading income for not-for-profit producers.

  2. 2

    Define a media conglomerate.

    Model answer

    A media conglomerate is a very large company that owns businesses across several media forms and markets, so profits and audiences can be moved between them.

  3. 3

    How does belonging to a conglomerate give a film economic advantages a standalone production lacks?

    Model answer

    The parent can fund the budget from other divisions, market it across its own outlets, release it through its own channels and recoup through merchandise, television and streaming that it also owns.

  4. 4

    A studio bought a comic-book publisher outright in 2009 for around $4 billion. What was it actually buying?

    Model answer

    It was buying a library of established characters and the right to build a decade of interconnected films, games and merchandise from them.

  5. 5

    Why is a franchise instalment treated as a lower financial risk than an original film?

    Model answer

    Its characters and world are already known, so the audience does not have to be built from nothing and marketing can trade on recognition.

  6. 6

    How does not-for-profit funding change what a product is free to do?

    Model answer

    With no sales target to meet, the product can put an uncomfortable message first and address people who will never pay it anything.

Other ways to work this

The same content, four other ways.

What is inside Levo

Six ways to work the same material.

1Closed book
2Open book
3Closed book

The 3-step method, run for you

Answer cold, learn it, then prove it stuck. Levo tracks the jump between your first attempt and your last.

Contexts of Media
Media Language
Media Representations
Media Industries

Cram a whole paper in one sitting

Sort every topic into what you know and what you do not, then drill only the weak ones.

The Video Recordings Act .
198419741994

Blank Blitz makes facts automatic

Rapid timed gap-fills on the terms and numbers you need to recall without thinking.

AAudiences inside the country judge it against lived knowledge.
BAudiences elsewhere may take it as information.
CThe same portrayal informs one group and irritates the other.

Build It gets the exam shape right

Assemble a full-mark answer from its marking points, in the order an examiner wants them.

The Big Issue was founded in 1991.
TrueFalse

Test It catches misconceptions

Spot the fault in a statement. The traps are the mistakes students actually make.

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Brain Breaks between sessions

Short focus games to reset attention, so the next set lands better than the last.

Every question in Contexts of Media, on a schedule.

Attempt a question from memory, write the correct version, then attempt it again. Levo records the jump between your first attempt and your last, and brings each question back on the day you are due to forget it.

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