THE STRUCTURE OF THE INDUSTRY John Wiley (产业结构的约翰·威利).pdf
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PART I
THE STRUCTURE OF
THE INDUSTRY
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CHAPTER 1
THE STUDIO SYSTEM AND
CONGLOMERATE HOLLYWOOD
TOM SCHATZ
Introduction
In August 1995 Neal Gabler, an astute Hollywood observer, wrote an op-ed piece
for The New York Times entitled “Revenge of the Studio System” in response to recent
events that, in his view, signaled an industry-wide transformation (Gabler 1995).
The previous year had seen the Seagram buyout of MCA-Universal, Time Warner’s
purchase of the massive Turner Broadcasting System, and the launch of Dream-
Works, the first new movie studio since the classical era. Then on August 1 came
the bombshell that provoked Gabler’s editorial. Disney announced the acquisition
of ABC and its parent conglomerate, Cap Cities, in a $19 billion deal – the second-
largest merger in US history, which created the world’s largest media company. Disney
CEO Michael Eisner also disclosed a quarter-billion-dollar deal with Mike Ovitz of
Hollywood’s top talent agency, Creative Artists, to leave CAA and run the Disney empire.
For Gabler, the Disney deals confirmed “a fundamental shift in the balance
of power in Hollywood – really the third revolution in the relationship between
industry forces.” Revolution I occurred nearly
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