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Star Power and Risk. A Political Economic Study of Casting Trends in Hollywood

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  • McMahon, James

Abstract

This paper builds an empirical and theoretical model to analyze how the financial goal of risk reduction changed the insides of Hollywood's star system. For the moviegoer looking at Hollywood cinema from the outside, the function of the star system has remained the same since the 1920s: to have recognizable actors attract large audiences to Hollywood's biggest and most expensive productions. The composition of this system is, however, sensitive to many historical changes in the business and culture of cinema. If the evolution of Hollywood's star system is shaped by broader social factors, risk reduction would be a key factor after 1980. This paper uses Internet Movie Database (IMDb) casting data to analyze how the star system was a factor in this period of risk reduction. Film casting assists risk reduction when a star system is built on controlled repetition. Repetitive casting - choosing the same people to star in a series of films - is a form of control because repetitive selection is the inequality of opportunity by another name: if an in-group is internally repetitive when alternatives exist, an out-group is repeatedly excluded. There are two key conclusions to the analysis of the IMDb dataset. First, casting repetitiveness/inequality in the blockbuster era of Hollywood (1980-present) is low compared to Hollywood's "classical" studio system (1930-1948). Second, the historically low repetitiveness/inequality can be misleading if we ignore sector characteristics such as firm size and level of theatrical distribution. Within the top-tier, whether measured by size of distributor or number of opening theatres in theatrical release, Hollywood relies on repetitive casting. The theoretical part of this paper will identify the role of capitalist power in the formation of a star system. Capitalist power, in this case, is defined as the ability of Hollywood to control everything from the industrial production of films to the broader social relations of cinema. This control is never absolute, but the role of capitalist power in the star system has a key purpose: to make sure that casting decisions are complementary to business interests.

Suggested Citation

  • McMahon, James, 2022. "Star Power and Risk. A Political Economic Study of Casting Trends in Hollywood," Working Papers on Capital as Power 2022/01, Capital As Power - Toward a New Cosmology of Capitalism.
  • Handle: RePEc:zbw:capwps:202201
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    References listed on IDEAS

    as
    1. James McMahon, 2019. "Is Hollywood a Risky Business? A Political Economic Analysis of Risk and Creativity," New Political Economy, Taylor & Francis Journals, vol. 24(4), pages 487-509, July.
    2. Blair Fix, 2019. "Personal Income and Hierarchical Power," Journal of Economic Issues, Taylor & Francis Journals, vol. 53(4), pages 928-945, October.
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    4. Fabio Clementi & Mauro Gallegati & Lisa Gianmoena & Simone Landini & Joseph E. Stiglitz, 2019. "Mis-measurement of inequality: a critical reflection and new insights," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 14(4), pages 891-921, December.
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    6. Blair Fix, 2021. "How the rich are different: hierarchical power as the basis of income size and class," Journal of Computational Social Science, Springer, vol. 4(2), pages 403-454, November.
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    11. McMahon, James, 2013. "The Rise of a Confident Hollywood: Risk and the Capitalization of Cinema," EconStor Preprints 157854, ZBW - Leibniz Information Centre for Economics.
    12. Vogel,Harold L., 2020. "Entertainment Industry Economics," Cambridge Books, Cambridge University Press, number 9781108493086.
    13. McMahon, James, 2013. "The Rise of a Confident Hollywood: Risk and the Capitalization of Cinema," Review of Capital as Power, Capital As Power - Toward a New Cosmology of Capitalism, vol. 1(1), pages 23-40.
    14. McMahon, James, 2015. "Risk and Capitalist Power: Conceptual Tools for Studying the Political Economy of Hollywood," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 3(2), pages 28-54.
    15. Sunny Y. Shin & Jordi McKenzie, 2019. "Asymmetric cultural discounting and pattern of trade in cultural products: Empirical evidence in motion pictures," The World Economy, Wiley Blackwell, vol. 42(11), pages 3350-3367, November.
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    More about this item

    Keywords

    culture; Hollywood; inequality; risk;
    All these keywords.

    JEL classification:

    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • Z1 - Other Special Topics - - Cultural Economics

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