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Media Industries

Hesmondhalgh: risk, public goods and the reliance on big hits

  • 3 things to know
  • Components 01 and 02

Overview

Recall questions on Hesmondhalgh's cultural industries, his four reasons for their high risk, media products as public goods, reliance on big hits and overproduction, sequels, cancellation and piracy, and a criticism of his account.

What you need to know

Answer each one before you reveal it.

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Key term

State the four reasons Hesmondhalgh gives for the high level of risk in the cultural industries.

Key term

Why do low reproduction costs create a problem for producers?

Key term

Why do the cultural industries deliberately overproduce?

Questions from this subtopic

Each one with the model answer underneath.

  1. 1

    What are the cultural industries?

    Model answer

    They are the industries that make and circulate texts, products whose value lies mainly in their symbolic meaning rather than in any material use.

  2. 2

    According to Hesmondhalgh, what pattern do the cultural industries follow?

    Model answer

    They follow the normal capitalist pattern of increasing concentration and integration, with cultural production owned and controlled by a few conglomerates.

  3. 3

    Why does Hesmondhalgh say conglomerates integrate vertically across a range of media?

    Model answer

    They do so to reduce risk, by controlling the route their products take to audiences instead of depending on other firms.

  4. 4

    State the four reasons Hesmondhalgh gives for the high level of risk in the cultural industries.

    Model answer

    Success is very hard to predict, production costs are high, reproduction costs are low, and media products are public goods.

  5. 5

    What does Hesmondhalgh mean by calling media products public goods?

    Model answer

    They are not destroyed on consumption and can be reproduced again and again, so one copy can serve an unlimited number of people.

  6. 6

    Why do low reproduction costs create a problem for producers?

    Model answer

    If further copies cost almost nothing to make, the product can be duplicated and shared freely, so producers cannot rely on scarcity to protect their revenue.

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Contexts of Media
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Media Representations
Media Industries

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The Video Recordings Act .
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The Big Issue was founded in 1991.
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