Media Ownership
Meaning
Private Ownership is when a company is independant and is not run but a group of individuals in the public or as a subsidiary of other companies.
Purpose
Media ownership is an important part of the film, television and music production industry, knowing what footage or song belongs to who is important as not knowing could put a producer in legal trouble very quickly and could end up ruining careers.
The Weinstein Company is an independant multinational mini-major film studio and is responsible for producing a wide range of films. The films made by The Weinstein Company usually are set for a wide market with big bio-pic films for any age like The King's Speech or My Week With Marilyn to blockbuster blood-filled Tarantino driven films like Inglorious Basterds and Django Unchained.
The Weinstein Company is a privately owned company, Bob Weinstein, one of the founders, being the co owner with his brother Harvey. The company is owned by the family that brought it into life, the brothers Bob and Harvey Weinstein who split from their previous jobs at the-then Disney owned film studio Miramax. A privately owned company like TWC (The Weinstein Company) very often have a very small number of company owners, although if they were to launch and sell shares, by becoming a publicly owned company, then they could be owned by practically anyone. As TWC is not owned as a subsidiary by any other company, such as Disney which has become famous for its diverse subsidiaries, TWC has full creative and business control on what they produce. I will be basing my case study/analysis on the film Django, produced by The Weinstein Company.
As the Weinstein Company is a private company it has not released a large amount of information on its leadership and as the company was only formed in 2005, it does not have a large heritage to research, it is still simply owned by the same people who founded it 10 years ago. Being a private ownership allows TWC to retain total control of the business and keeps the profits within the company, as apposed to giving large amounts of dividends.
An advantage of being privately owned means a large amount of the company's information and financial reports can be kept private, meaning that they only have to give the information to stakeholders and whoever they need to show it to.
TWC is also a parent company Dimension films and Radius TWC. They both have separate obvious purposes (Shown Below).
Radius is a multi-media and multi-platform distribution and production studio, it prides itself on being the "first studio division dedicated to both multi-platform VOD and theatrical distribution" - http://radiustwc.com/about/. Radius acts as a 'label' of TWC.
TWC is a multi-national distribution company as its films reach a wide range of audiences around the globe this has become exceptionally easy with the internet and similar forms of transporting information. They have translated most of their films into a variety of languages such as French, Italian and Mandarin. Although the company does not fully operate in those countries it must have employees present in those countries in order to deliver the film to cinemas and begin work on advertisement.




















































