Because they essentially had been copyrights somewhat than bodily merchandise, theoretically the costs of further sales had been zero. Film manufacturing involved high endogenous sunk prices, recouped through renting the copyright to the movie. The marginal overseas revenue equaled marginal web revenue (and marginal profits after the movie’s manufacturing costs had been absolutely amortized).
But technological advances in film have occurred rapidly over the previous 100 years. Starting within the Victorian era, many digicam devices, projectors and film sizes have been developed and mastered, creating the film industry we all know today. A new edition from Bobbs-Merrill in 1949 illustrated by Evelyn Copelman, again titled The New Wizard of Oz, paid lip service to Denslow however was primarily based strongly, apart from the Lion, on the MGM movie.
The phenakistoscope, thought of the precursor of contemporary movement footage, was adopted by decades of advances and in 1890, Thomas Edison and … Read More