Institutional Analysis

Hesmondhalgh makes it clear that the Creative Industry is a ‘Risky Business’ what does he mean by this? What strategies does he note that the Creative Industry adopts to minimise such risks. Add to the notes that made previously.

Task 3: define the following terms and answer question 05.1

Key words:

1. Cultural industries  
2. Production
3. Distribution
4. Exhibition / Consumption
5. Media concentration
6. Conglomerates
7. Globalisation (in terms of media ownership)
8. Cultural imperialism
9. Vertical Integration
10. Horizontal Integration
11. Mergers
12. Monopolies
13. Gatekeepers
14. Regulation
15. Deregulation
16. Free market
17. Commodification  
18. Convergence  
19. Diversity   
20. Innovation