Film Festivals and the Enrichment Economy

Responding to a question of immense interdisciplinary interest, this book investigates the construction of value in the curation of film festivals and production of cultural events undertaken by nonprofit arts organizations around the world. Combining their expertise in economics and sociology, the authors outline a theoretically and methodologically cohesive approach that puts the valuation of cinema right into the middle of global value chain research. It challenges the ways in which the interdisciplinary pursuit of cultural economics has approached cultural value, presenting a thorough analytic inquiry into who produces the value and who seeks rent in the value chain. While offering a fresh approach to cinema and media economics, the book highlights the significant way of nonprofit actor incorporation into value chains and value networks.

Combines economic and social accounts of cultural value, showing how networks redistribute it by capturing artistic rent Explores the centrality of Immersive experience in cultural value chains, and their need for nonprofit chain-integrators Explains enrichment and eventization as strategies to defend a price premium of live over recorded cultural performance

Autorentext

Ann Vogel is a sociologist who received her Ph.D. from the University of Washington, USA, and a science-management degree from the German University of Administrative Sciences Speyer, Germany. Her most recent work is Cinema and the Festivalization of Capitalism: The Experience-Makers (2023). In her current position she advances research in police and administrative sciences.
Alan Shipman is a Senior Lecturer in Economics. He studied Economics at the University of Cambridge, UK, and the University of Oxford, UK, working at the National Institute of Economic and Social Research and as a financial analyst and business journalist before joining the Open University, UK. His most recent monograph is Wynne Godley: A Biography (Palgrave Macmillan, 2019).

Inhalt
Chapter 1. Introduction.- Chapter 2. Research Fundamentals of Global Value Chain Analysis.- Chapter 3. Introducing the Special Dynamics of the Culture Value Chain.- Chapter 4. Enrichment Economy.- Chapter 5. Source of Cultural Value-Added: Eventization.- Chapter 6. Rents and Redistribution in the Cultural Value Chain.- Chapter 7. Artistic Value, Ricardian Rent, and Power.- Chapter 8. Conclusion and Future Research Direction./