international marketing power point presentation_nayeem
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SOUTHEAST UNIVERSITY BANGLADESH
Faculty of Business Administration
Course Name: International MarketingCourse Instructor: Prof. Rafique Azad
MBA Friday, Semester- Fall 2011
Department: Marketing, Time-09:00 Am
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Individual PresentationIndividual Presentation
onon
Environmental Analysis Of USAEnvironmental Analysis Of USA( Hollywood Movie Entertainment)( Hollywood Movie Entertainment)
Student Name IDStudent Name ID
Nayeem Choudhury 2010210005094 Nayeem Choudhury 2010210005094
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COUNTRY OVERVIEWCOUNTRY OVERVIEW
Name:Name: United States of AmericaUnited States of America
Short form:Short form: United StatesUnited States
Abbreviation:Abbreviation: US or USAUS or USA Location:Location: North America, bordering both the North America, bordering both the
North Atlantic Ocean and the North Pacific North Atlantic Ocean and the North Pacific
Ocean, between Canada and Mexico. The USOcean, between Canada and Mexico. The USis the world's third-largest country by size after is the world's third-largest country by size after
Russia and Canada.Russia and Canada.
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COUNTRY OVERVIEWCOUNTRY OVERVIEW
Climate:Climate: The US has a diversified climate.The US has a diversified climate.
MostlyMostly temperate, but tropical in Hawaii andtemperate, but tropical in Hawaii and
Florida, arctic in Alaska, semiarid in the greatFlorida, arctic in Alaska, semiarid in the great
plains west of the Mississippi River, and arid plains west of the Mississippi River, and arid
in the Great Basin of the southwest; low winter in the Great Basin of the southwest; low winter
temperatures in the northwest are amelioratedtemperatures in the northwest are ameliorated
occasionally in January and February by warmoccasionally in January and February by warmChinook winds from the eastern slopes of theChinook winds from the eastern slopes of the
Rocky MountainsRocky Mountains
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COUNTRY OVERVIEWCOUNTRY OVERVIEW
Capital:Capital: Washington D.C.Washington D.C.
Area:Area: 9,629,091 sq. km9,629,091 sq. km
PopulationPopulation: 290,342,554 (July 2009 est.). The: 290,342,554 (July 2009 est.). TheUS is the third most populous country in theUS is the third most populous country in the
world after China and India. It has an annualworld after China and India. It has an annual
population growth rate of 0.92%. population growth rate of 0.92%.
Language:Language: English, Spanish (spoken by aEnglish, Spanish (spoken by a
sizable minority)sizable minority)
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COUNTRY OVERVIEWCOUNTRY OVERVIEW
System of the Government:System of the Government: Constitution-Constitution-
based federal republic, strong democratic based federal republic, strong democratic
tradition.tradition.
Economic Overview:Economic Overview: The US has the largestThe US has the largest
and most technologically powerful economy inand most technologically powerful economy in
the world. What follows is some economicthe world. What follows is some economic
information about the country:information about the country: Fiscal Year:Fiscal Year: 1 October - 30 September 1 October - 30 September
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COUNTRY OVERVIEWCOUNTRY OVERVIEW
GDP: -GDP: - Purchasing power parity - $10.45 trillionPurchasing power parity - $10.45 trillion
(2009 est.)(2009 est.)
GDP-Per Capita: -GDP-Per Capita: - $35,280$35,280
GDP-Real growth rate: -GDP-Real growth rate: - Purchasing power parity -Purchasing power parity -
$36,300 (2009 est.)$36,300 (2009 est.)
GDP-Composition by sector:GDP-Composition by sector:
Agriculture: -Agriculture: - 2%2% Industry: -Industry: - 18%18%
Service: -Service: - 80% (2009 est.)80% (2009 est.)
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Inflation Rate (Consumer Prices): -Inflation Rate (Consumer Prices): -1.6% (2009)1.6% (2009) Labor Force: -Labor Force: -141.8 million (includes unemployed)141.8 million (includes unemployed)
(2009)(2009) Labor Force by occupation:Labor Force by occupation: Managerial andManagerial and
professional 31%; Technical, sales and administrative professional 31%; Technical, sales and administrative
support 28.9%; Manufacturing, mining, transportation,support 28.9%; Manufacturing, mining, transportation,and crafts 24.1%;and crafts 24.1%;Farming, forestry, and fishing 2.4%; Services 13.6%.Farming, forestry, and fishing 2.4%; Services 13.6%.
Unemployment Rate:Unemployment Rate: 5.8% (2009)5.8% (2009) Currency:Currency: US dollarUS dollar Budget:Budget: Revenues: $1.946 trillionRevenues: $1.946 trillion Expenditures: $2.052 trillion (2009 est.)Expenditures: $2.052 trillion (2009 est.)
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Political OverviewPolitical Overview
The United States of America consists of 50The United States of America consists of 50
states with limited autonomy in which federalstates with limited autonomy in which federal
law takes precedence over state law. Inlaw takes precedence over state law. In
general, matters that lie entirely within stategeneral, matters that lie entirely within state
borders are the exclusive concern of state borders are the exclusive concern of state
governments. These include internalgovernments. These include internal
communications; regulations relating tocommunications; regulations relating to property, industry, business, and public property, industry, business, and public
utilities; the state criminal code; and workingutilities; the state criminal code; and working
conditions within the state.conditions within the state.
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Political OverviewPolitical Overview
The immense cultural, economic, and military inflThe immense cultural, economic, and military infl
foreign relationsforeign relations an especially important topican especially important topic
in American politics, with considerablein American politics, with considerable
concern about the image of the United Statesconcern about the image of the United States
throughout the world.throughout the world.
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Hollywood Movie EntertainmentHollywood Movie Entertainment
On February 1, 1887, a real estate developer namedOn February 1, 1887, a real estate developer named
Harvey Wilcox registered his 120-acre ranch inHarvey Wilcox registered his 120-acre ranch in
southern California as Hollywood, and began to sellsouthern California as Hollywood, and began to sell
subdivisions of the property. In 1911, The first moviesubdivisions of the property. In 1911, The first moviestudio in the Hollywood area was founded by Davidstudio in the Hollywood area was founded by David
Horsley of the Nestor Company. In the same year,Horsley of the Nestor Company. In the same year,
another fifteen independent movie studios settledanother fifteen independent movie studios settled
there, and since then Wilcox’s unincorporated,there, and since then Wilcox’s unincorporated,residential district has grown to become the center of residential district has grown to become the center of
the American film and television industrythe American film and television industry
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THE COMPETITIVE ADVANTAGE OFTHE COMPETITIVE ADVANTAGE OF
HOLLYWOODHOLLYWOOD
American culture has a large influence on theAmerican culture has a large influence on theworldworld
American musicAmerican music is heard all over the worldis heard all over the world The competitive advantage of American movieThe competitive advantage of American movie
is that moviegoers prefer the Hollywoodis that moviegoers prefer the Hollywood product to their national ones product to their national ones
People aged between 12 to 64 in seven LatinPeople aged between 12 to 64 in seven LatinAmerican countries showed that 77% of LatinAmerican countries showed that 77% of LatinAmerican prefer movies from Hollywood .American prefer movies from Hollywood .
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THE GOAL OF HOLLYWOODTHE GOAL OF HOLLYWOOD
TalentsTalents get together on a project-to-projectget together on a project-to-project
basis to capture the top places in the World basis to capture the top places in the World
Box OfficeBox Office
The industry is mainly profit oriented. TheThe industry is mainly profit oriented. The
ultimate goal of majority of producers andultimate goal of majority of producers and
directors is to make moneydirectors is to make money
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SWOT ANALYSISSWOT ANALYSIS
A) StrengthsA) Strengths
Stable economy and stable GovernmentStable economy and stable Government
Adopting culture: The cultural “melting pot”Adopting culture: The cultural “melting pot”that is America is a strength for Hollywoodthat is America is a strength for Hollywood
Marketing and salesMarketing and sales
Web sitesWeb sites Studio:Studio: Universal, FOX, ParamountUniversal, FOX, Paramount
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SWOT ANALYSISSWOT ANALYSIS
Technology and InnovationTechnology and Innovation
Strong Brand Name and reputationStrong Brand Name and reputation
B) WeaknessesB) Weaknesses
Price sensitivityPrice sensitivity
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SWOT ANALYSISSWOT ANALYSIS
C) OpportunitiesC) Opportunities First-mover advantagesFirst-mover advantages LanguageLanguage
D) ThreatsD) Threats International rivalryInternational rivalry Bollywood MoviesBollywood Movies EuropeEurope
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SWOT ANALYSISSWOT ANALYSIS
Film FestivalsFilm Festivals
Opera HouseOpera House
World Wrestling Entertainment (WWE)World Wrestling Entertainment (WWE) Other sportsOther sports
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PORTER’S DIAMOND MODELPORTER’S DIAMOND MODEL
A) Factor Conditions:A) Factor Conditions:
a) Basic Factors:a) Basic Factors:
1) Climate:1) Climate: It is sunny, dry, and about 80It is sunny, dry, and about 80degrees Fahrenheit year round.degrees Fahrenheit year round.
2)2) LocationLocation: Washington has beautiful: Washington has beautiful
rainforests, Arizona has deserts, and Coloradorainforests, Arizona has deserts, and Coloradois full of mountains. There are forests inis full of mountains. There are forests in
Pennsylvania and West VirginiaPennsylvania and West Virginia
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Basic FactorsBasic Factors
Therefore, we can see that America is blessedTherefore, we can see that America is blessed
with all its many diverse cities and towns.with all its many diverse cities and towns.
Thus, Hollywood can take advantage of theThus, Hollywood can take advantage of the
hundreds of locations that America is blessedhundreds of locations that America is blessed
with, and they can easily use them as filmingwith, and they can easily use them as filming
locations.locations.
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Basic FactorsBasic Factors
3) Human resources:3) Human resources: America is a countryAmerica is a country
where the majority of its citizens speak inwhere the majority of its citizens speak in
English. And due to this, the producers andEnglish. And due to this, the producers and
directors in Hollywood can easily choose fromdirectors in Hollywood can easily choose from
this vast availability of human resources that isthis vast availability of human resources that is
present in America present in America
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Advanced FactorsAdvanced Factors
1) Human Resources:1) Human Resources: Hollywood is full of Hollywood is full of opportunities because of the many kinds of opportunities because of the many kinds of resources and scopes available in it.resources and scopes available in it.
2) Capital Resources:2) Capital Resources: different film makersdifferent film makersdo not have to face much difficulty investingdo not have to face much difficulty investing
in their movies; and they can also afford toin their movies; and they can also afford totake in the best actors and actresses of thetake in the best actors and actresses of theworld.world.
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Advanced FactorsAdvanced Factors
3) Knowledge resources3) Knowledge resources::
Actors:Actors: Will Smith, Russell Crow, Ben Affleck Will Smith, Russell Crow, Ben Affleck
Actresses:Actresses: Penelope Cruz, Angelina JoliePenelope Cruz, Angelina Jolie
Directors:Directors: Hollywood has number of qualityHollywood has number of quality
directors. Namely, James Cameron and Stevendirectors. Namely, James Cameron and Steven
Spielberg. The movieSpielberg. The movie Titanic,Titanic, which has gone downwhich has gone down
into history as the top overall grosser, was directed byinto history as the top overall grosser, was directed byJames Cameron; and movies likeJames Cameron; and movies like Jaws Jaws andand E.T. E.T., were, were
directed by Steven Spielberg.directed by Steven Spielberg.
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Advanced FactorsAdvanced Factors
Cinematography:Cinematography: The quality of HollywoodThe quality of Hollywood
films and the shivers that the audience getsfilms and the shivers that the audience gets
once they watch a movie largely depends ononce they watch a movie largely depends on
cinematography.cinematography. Design Centers: This basically consists of Design Centers: This basically consists of
places/schools that are specificallyplaces/schools that are specifically
established to provide knowledgeestablished to provide knowledge
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Advanced FactorsAdvanced Factors
Training CentersTraining Centers ::
1.Hartwick College, Department of Art and Art History,1.Hartwick College, Department of Art and Art History, NY NY
2.New York University, Department of Art and Art2.New York University, Department of Art and Art profession profession
3. New York University, Tisch School of the Art3. New York University, Tisch School of the Art
4. Columbia University, School of The Art4. Columbia University, School of The Art
5. Fashion Institute of Technology, State University of 5. Fashion Institute of Technology, State University of New York New York
6. New York Institute of Photography6. New York Institute of Photography
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Demand ConditionsDemand Conditions
Segment Structure of Demand:Segment Structure of Demand: When aWhen a
movie is released it often premiers in bothmovie is released it often premiers in both
New York City and Los Angeles, major US New York City and Los Angeles, major US
cities that are six hours from each other bycities that are six hours from each other by plane. New York City was originally settled plane. New York City was originally settled
by Italian, Russian, and Irish immigrants. by Italian, Russian, and Irish immigrants.
Today there is a large “originally European”Today there is a large “originally European”community, as well as a large Chinatown andcommunity, as well as a large Chinatown and
African-American population.African-American population.
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Segment Structure of DemandSegment Structure of Demand
The audience of the US is very diverse. ThereThe audience of the US is very diverse. There
are Jews, African-Americans, Caucasians, andare Jews, African-Americans, Caucasians, and
Hispanics, to name a few of the major ethnicHispanics, to name a few of the major ethnic
groups. This means that movies can begroups. This means that movies can bespecifically targeted at certain ethnicallyspecifically targeted at certain ethnically
defined markets.defined markets.
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Sophisticated and DemandingSophisticated and Demanding
BuyersBuyers
Americans are impatient and realistic. This hasAmericans are impatient and realistic. This has
pressured moviemakers to do fast camera shots pressured moviemakers to do fast camera shots
from a variety of angles and to make specialfrom a variety of angles and to make special
effects that appear very realistic. For example,effects that appear very realistic. For example, Jurassic Park Jurassic Park enjoyed incredible box officeenjoyed incredible box office
success because of the realistic portrayal of thesuccess because of the realistic portrayal of the
dinosaurs.dinosaurs.
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Size of Home DemandSize of Home Demand
The total size of home market is not as important asThe total size of home market is not as important as
thethe naturenature of the home demand. The US has aof the home demand. The US has a
population of 290,342,550. India and China have more population of 290,342,550. India and China have more
people. But the GDP per capita in the US is $35,280, people. But the GDP per capita in the US is $35,280,making it the wealthiest country in the world. Manymaking it the wealthiest country in the world. Many
and most Americans are movie watchers because theyand most Americans are movie watchers because they
can afford to be. Even the poorest in the US, who livecan afford to be. Even the poorest in the US, who live
in the ghetto of the city, will watch several movies ain the ghetto of the city, will watch several movies ayear either in the theater or later after they are releasedyear either in the theater or later after they are released
on DVD.on DVD.
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Size of Home DemandSize of Home Demand
US culture is a culture that wants to beUS culture is a culture that wants to beentertained.entertained.
The average American teenager watches 7The average American teenager watches 7
hours of television a dayhours of television a day Kurt Cobain, the late lead singer of NirvanaKurt Cobain, the late lead singer of Nirvana
wrote a song calledwrote a song called Smells Like Teen Spirit Smells Like Teen Spirit , in, in
which he sung the line “Here we are. Nowwhich he sung the line “Here we are. Nowentertain us.” Those six words sum upentertain us.” Those six words sum upAmerican culture well.American culture well.
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Rate of Growth of Home DemandRate of Growth of Home Demand
. More and more people are viewing movies in. More and more people are viewing movies in
the USA. That is why we see each year the USA. That is why we see each year
Hollywood generates more revenue and alsoHollywood generates more revenue and also
each year a new blockbuster that breakseach year a new blockbuster that breaksrecords set from the previous year.records set from the previous year.
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Related and Supported IndustriesRelated and Supported Industries
)) Joint Innovation with suppliers:Joint Innovation with suppliers: AnAn
example is FOX Entertainment and AT&T for example is FOX Entertainment and AT&T for
transmission agreement. The parties havetransmission agreement. The parties have
agreed to work together to provide Fox’s high-agreed to work together to provide Fox’s high-resolution programming to AT&T BISresolution programming to AT&T BIS
customers through both traditional TV sets ascustomers through both traditional TV sets as
well as digital TV sets.well as digital TV sets.
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Complimentary ProductsComplimentary Products
Animated movies and cartoons are theAnimated movies and cartoons are the
complementary products that Hollywoodcomplementary products that Hollywood
offers to its world customers. Hollywoodoffers to its world customers. Hollywood
cartoons have international competitiveness.cartoons have international competitiveness.They provide the way to make animatedThey provide the way to make animated
movies.movies.
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Sharing the same technologySharing the same technology
Century Fox Century Fox : Vertically integrated: Vertically integrated
Entertainment Company with operations inEntertainment Company with operations in
three business segments comprised of Filmedthree business segments comprised of Filmed
Entertainment, primarily consisting of FoxEntertainment, primarily consisting of FoxFilmed Entertainment, a producer andFilmed Entertainment, a producer and
distributor of feature films. Their main moviesdistributor of feature films. Their main movies
were:were: Men of Monor, X-MEN, Tigerland, Cast Men of Monor, X-MEN, Tigerland, Cast Away, Quills, and Woman on Top. Away, Quills, and Woman on Top.
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The names of some important movieThe names of some important movie
studiosstudios Metro Goldwyn-Mayer Inc.( MGM): Metro Goldwyn-Mayer Inc.( MGM): It is a globalIt is a global
entertainment content company that develops,entertainment content company that develops, produces and distributes theatrical motion pictures and produces and distributes theatrical motion pictures andtelevision programs, and it intends to create and owntelevision programs, and it intends to create and own
branded cable and satellite programming channels. branded cable and satellite programming channels.The company's principal subsidiaries are Metro-The company's principal subsidiaries are Metro-Goldwyn-Mayer Studios, United Artists Corporation,Goldwyn-Mayer Studios, United Artists Corporation,United Artists Films, and Orion Pictures Corporation.United Artists Films, and Orion Pictures Corporation.
Their main movies were:Their main movies were: Original Sin, Hannibal, ThisOriginal Sin, Hannibal, This Is Spinal Tap, The World Is Not Enough, Return To Is Spinal Tap, The World Is Not Enough, Return To Me... Me...
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The names of some important movieThe names of some important movie
studiosstudios
Time Warner Inc.(Warner Bros):Time Warner Inc.(Warner Bros): TimeTime
Warner, Inc. is a media and entertainmentWarner, Inc. is a media and entertainment
company. The Company classifies its businesscompany. The Company classifies its business
interests into six fundamental areas. One of interests into six fundamental areas. One of those is Filmed Entertainment. Their mainthose is Filmed Entertainment. Their main
movies were:movies were: Proof of Life, Red Planet, Miss Proof of Life, Red Planet, Miss
Congeniality, Pay It Forward, Driven, and Congeniality, Pay It Forward, Driven, and Best of Show. Best of Show.
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The names of some important movieThe names of some important movie
studiosstudios Sony Pictures Entertainment: Sony Pictures Entertainment: Sony PicturesSony Pictures
Entertainment’s global operations encompass motionEntertainment’s global operations encompass motion picture production and distribution, television picture production and distribution, television programming and syndication, home video acquisition programming and syndication, home video acquisition
and distribution, operation of studio facilities,and distribution, operation of studio facilities,development of new entertainment technologies anddevelopment of new entertainment technologies anddistribution of filmed entertainment in 67 countriesdistribution of filmed entertainment in 67 countriesworldwide. Their main creation of movies was:worldwide. Their main creation of movies was: TheThe
6th Day, Charlie’s Angels, Final Fantasy, Vertical 6th Day, Charlie’s Angels, Final Fantasy, Vertical Limit, Saving Silverman, and 28 Days. Limit, Saving Silverman, and 28 Days.
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The names of some important movieThe names of some important movie
studiosstudios
Universal Pictures:Universal Pictures: Their creation of moviesTheir creation of movies
was:was: Meet the Parents, Billy Elliot, Grinch, Meet the Parents, Billy Elliot, Grinch,
and The Nutty Professor.and The Nutty Professor.
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The names of some important movieThe names of some important movie
studiosstudios
Pyramax Studio: Pyramax Studio: Pyramax Studio has two 7,500sq.ftPyramax Studio has two 7,500sq.ft
bungalow to support all other movie makers. To make bungalow to support all other movie makers. To make
their movies, they have a 5,000 square foot warehousetheir movies, they have a 5,000 square foot warehouse
for moviemakers. The one thing they have bigfor moviemakers. The one thing they have bigadvantage is with their under-water studio which hasadvantage is with their under-water studio which has
been designed for maximum efficiency in the use of been designed for maximum efficiency in the use of
film or tape for motion picture. It’s unique design andfilm or tape for motion picture. It’s unique design and
four large shooting ports and depth of 11 feet 3 inchesfour large shooting ports and depth of 11 feet 3 incheswill allow coverage which is unique in our moviewill allow coverage which is unique in our movie
industry.industry.
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D) Firms’ Strategy, Structure andD) Firms’ Strategy, Structure and
Domestic RivalryDomestic Rivalry Firm Structure:Firm Structure: The Hollywood filmThe Hollywood film
structure is professional.structure is professional. There is very little scope to gain a familyThere is very little scope to gain a family
oriented structure in this particular movieoriented structure in this particular movieindustry.industry.
Also, like Japan, it has a big impact of beingAlso, like Japan, it has a big impact of being
seniors with good works.seniors with good works. Each of the works is done with a professionalEach of the works is done with a professional
touch.touch.
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Firm StrategyFirm Strategy
Firm Strategy:Firm Strategy: America is a capitalistic society. TheAmerica is a capitalistic society. The
strategies that the Hollywood industry follows mightstrategies that the Hollywood industry follows might
be categorized as follows: Price, Quality, be categorized as follows: Price, Quality,
Differentiation, and Speed.Differentiation, and Speed.1)1) Price:Price: Hollywood dominates the world. They produceHollywood dominates the world. They produce
movies, which average a filling of 70 % of the seats inmovies, which average a filling of 70 % of the seats in
theaterstheaters
It has been found that the average cost of making aIt has been found that the average cost of making a
Hollywood movie is about $40 million.Hollywood movie is about $40 million.
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Firm StrategyFirm Strategy
2)2) Quality:Quality: unbiased censor board which control theunbiased censor board which control the
movies’ quality. If any kind of contradictory scene ismovies’ quality. If any kind of contradictory scene is
screened in a movie, Censor Board is there to filter outscreened in a movie, Censor Board is there to filter out
such a thing and make it more appealing to thesuch a thing and make it more appealing to theviewers.viewers.
3) Differentiation3) Differentiation: Hollywood movie sector has a lot of : Hollywood movie sector has a lot of
differentiation in genre, including Thriller, Action,differentiation in genre, including Thriller, Action,
Romance, Horror, Documentary, Comedy, and Drama.Romance, Horror, Documentary, Comedy, and Drama.Each of them can be differentiated further.Each of them can be differentiated further.
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Firm StrategyFirm Strategy
4) Speed:4) Speed: Hollywood releases movies sevenHollywood releases movies seven
days a week and around 360 movies per year.days a week and around 360 movies per year.
This amount of movies gives Hollywood aThis amount of movies gives Hollywood a
competitive advantage.competitive advantage.
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PORTER’S FIVE FORCESPORTER’S FIVE FORCES
MODELMODEL The threat of entry by new competitorsThe threat of entry by new competitors
Bollywood movies. If Indian, European, RussianBollywood movies. If Indian, European, Russian
and such other potential film industriesand such other potential film industries
The intensity of rivalry among existingThe intensity of rivalry among existingcompetitorscompetitors
For example, Fox, Paramount, Universal andFor example, Fox, Paramount, Universal and
such renowned firms are competing domesticallysuch renowned firms are competing domesticallyand vigorously.and vigorously.
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PORTER’S FIVE FORCESPORTER’S FIVE FORCES
MODELMODEL Pressure from substitute productsPressure from substitute products
Sports, sports entertainment, opera house, otherSports, sports entertainment, opera house, other
entertainment genres are most likely to performentertainment genres are most likely to perform
as substitutes for Hollywood movies.as substitutes for Hollywood movies.
The bargaining power of suppliersThe bargaining power of suppliers
Moviemakers in Hollywood enjoy the bargainingMoviemakers in Hollywood enjoy the bargainingpower. Whatever they charge at reasonable levelpower. Whatever they charge at reasonable level
buyers are bound to pay to enjoy movies.buyers are bound to pay to enjoy movies.
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PORTER’S FIVE FORCESPORTER’S FIVE FORCES
MODELMODEL
The bargaining power of buyersThe bargaining power of buyers
Buyers have bargaining power in the senseBuyers have bargaining power in the sensethat they do not have to watch all the moviesthat they do not have to watch all the movies
that Hollywood produces. Every year thethat Hollywood produces. Every year the
Raspberry Awards lists the Hollywood’sRaspberry Awards lists the Hollywood’s bombs—movies that did not do so well in the bombs—movies that did not do so well in the
box office. box office.
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CONCLUSIONCONCLUSION
Hollywood holds the international competitiveHollywood holds the international competitive
advantage in the world movie industry. Theyadvantage in the world movie industry. They
are clearly above all competitors. In fact,are clearly above all competitors. In fact,
American movies are viewed in nearly everyAmerican movies are viewed in nearly everycountry of the world, even in those thatcountry of the world, even in those that
outright oppose America politics. For example,outright oppose America politics. For example,
Kim Jong Il, the president of communist NorthKim Jong Il, the president of communist NorthKorea is an American film junkie.Korea is an American film junkie.