Book contents
- Frontmatter
- Contents
- List of figures
- List of tables
- Acknowledgements
- Prologue
- 1 Introduction
- Part I The rise of entertainment
- Part II The rise of the international film industry
- 5 The emergence of cinema
- 6 The quality race
- 7 Europe's failure to catch up
- 8 How films became branded products
- Part III Entertainment Industrialised
- Bibliography
- Index
6 - The quality race
Published online by Cambridge University Press: 08 July 2009
- Frontmatter
- Contents
- List of figures
- List of tables
- Acknowledgements
- Prologue
- 1 Introduction
- Part I The rise of entertainment
- Part II The rise of the international film industry
- 5 The emergence of cinema
- 6 The quality race
- 7 Europe's failure to catch up
- 8 How films became branded products
- Part III Entertainment Industrialised
- Bibliography
- Index
Summary
You can take Hollywood for granted like I did, or you can dismiss it with the contempt we reserve for what we don't understand. It can be understood too, but only dimly and in flashes. Not half a dozen men have ever been able to keep the whole equation of pictures in their heads.
F. Scott Fitzgerald, The Last TycoonIn the years immediately after the take-off of cinema, European film companies produced the great majority of the films shown in Europe. In some years, they also supplied most of the films shown in the US. Innovations such as the newsreel and the feature film had their origins in Europe, but realised their largest profits on the American market. After the First World War, however, the situation was the reverse: the emerging Hollywood studios now supplied the majority of films shown in Europe. Only a few European films were distributed in the US. This situation has lasted until the present day. Never since have European film producers or distributors managed to obtain a lasting presence in the US.
In the space of just a few years, the European film industry experienced a remarkable transformation from economic dominance to insignificance. This chapter will examine what may have caused this collective downfall of the European film companies during such a brief period. It will draw on industrial organisation theory, most notably the work of John Sutton on sunk cost, technology and market structure.
- Type
- Chapter
- Information
- Entertainment IndustrialisedThe Emergence of the International Film Industry, 1890–1940, pp. 185 - 228Publisher: Cambridge University PressPrint publication year: 2008