Globalization of media products and industry

Globalization of Film
The Globalization of Media, especially film, is a relatively young section of media. Although films started to go worldwide around the World War I era, they were nothing compared to the films we have today. Today’s films are mainly for an entertainment purposes which have help to create the so called “Monopoly” of the film business by the United States. Within the classroom we discussed our own opinions to having an “International Enforcement Agency” to help protect the copyright laws that they producers have of their movies outside the boarders of the United States. For instance I brought up the fact that the costs would outweigh the benefits and possibly hurt the global and individual economies overseas.
Another question that was brought up to the class was their opinion of weather the United States could be seen as a monopoly within the film business. As we started discussing most of us would answer the question as yes from the information presented within the slides. Along with the percentage of films played in Europe and the average amount of money spent of films, people could also see the resemblance of a monopoly within the Motion Pictures Association of America (MPAA).
As for answering the question; ‘How does Globalization shape media products and industry?’ I would have to say that it depends on the economy that the individual lives in and his or her personal incentives. With a strong economy the globalization of media products and industry are relatively good with a positive outcome. As for economies that cannot produce these kinds of films and have a weak economic market these products are often copied and sold within a black market with no returns back to its economy or the producers of the product. As for personal incentives, it would depend entirely on how the person believes and thinks about globalization.