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Finance, Policy and Industrial Dynamics—The Rise of Co-productions in the Film Industry

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  • Norbert Morawetz
  • Jane Hardy
  • Colin Haslam
  • Keith Randle

Abstract

This paper explores the growing phenomenon of international co-productions in the film industry. We argue that the rise of co-productions is part of a wider narrative of financial and institutional innovation shaping industrial organization in the film industry. This narrative centres on film finance as a central risk distribution mechanism, and discusses how changes in film support policy, increased tax competition, the search for finance and an abundance of inflowing capital are increasingly driving industrial dynamics in the film industry.

Suggested Citation

  • Norbert Morawetz & Jane Hardy & Colin Haslam & Keith Randle, 2007. "Finance, Policy and Industrial Dynamics—The Rise of Co-productions in the Film Industry," Industry and Innovation, Taylor & Francis Journals, vol. 14(4), pages 421-443.
    • Handle: RePEc:taf:indinn:v:14:y:2007:i:4:p:421-443
    DOI: 10.1080/13662710701524072
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    References listed on IDEAS

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    1. Victor Ginsburgh & David Throsby, 2006. "Handbook of the economics of art and culture," ULB Institutional Repository 2013/1673, ULB -- Universite Libre de Bruxelles.
    2. V.A. Ginsburgh & D. Throsby (ed.), 2006. "Handbook of the Economics of Art and Culture," Handbook of the Economics of Art and Culture, Elsevier, edition 1, volume 1, number 1, December.
    3. Carlota Perez, 2002. "Technological Revolutions and Financial Capital," Books, Edward Elgar Publishing, number 2640.
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    Cited by:

    1. Chi-Wei Su & Lu Liu & Kai-Hua Wang, 2020. "Do Bubble Behaviors Exist in Chinese Film Stocks?," SAGE Open, , vol. 10(4), pages 21582440209, December.
    2. Lorenzo Mizzau, 2014. "Constructing value for culture: The evolution of local cultural industriesÕ policies and governance in North-East Italy," Working Papers 02, Venice School of Management - Department of Management, Università Ca' Foscari Venezia.
    3. Xu Zhang & June Wang, 2021. "Transborder Film Production Between Mainland China and Hong Kong After CEPA: The Interplay Between Political Orientation and Market Forces," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 112(3), pages 239-255, July.
    4. Michael Hoyler & Allan Watson, 2019. "Framing city networks through temporary projects: (Trans)national film production beyond ‘Global Hollywood’," Urban Studies, Urban Studies Journal Limited, vol. 56(5), pages 943-959, April.

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