Interesting summary of how Hollywood has changed as a business as a result of globalization. I tend to think in pretty simplistic terms when it comes to this subject, quality. Anyone who has hung out in the bar at Mantra and watched the Bollywood channel can attest to the quality of films being produced outside Hollywood.
In terms of the film biz, the U.S. used to be the engine that drove every decision. Now, it seems, the U.S. is becoming just one of the key territories in the congloms’ global gameplan as the film biz grows new muscles in other points around the globe.
[From World tips Hollywood on its axis - Entertainment News, Weekly, Media - Variety]
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