...Name: Radhika K Section: i Reg No: 1221055 CONSEQUENCES OF DEMAND AND SUPPLY MISMATCH IN THE ENTERTAINMENT INDUSTRY Introduction: The entertainment industry is in the race to embrace corporates, and the production houses today are vying with each other to reach out to the global markets. With increasing incomes of the common man and broad room for expansion, industry representatives and analysts say that the film and entertainment sector has remarkable potential for growth. Movie production tycoons are aiming to develop content and partnerships to conquer both domestic and international audiences. Demand and Supply The Indian film industry produces roughly twice the number of movies as the American film industry, and sells 2.5 times the number of box office tickets as the U.S market. However, the Indian film industry box office revenues have been under the scanner; in 2008 Indian films earned only USD 1.6 billion compared to Hollywood's USD 9.7 billion, though ticket prices in India are less expensive than those in the U.S. or Europe. Factors affecting the mismatch: This scene is attributed to screen penetration and consumer spending still being considerably less as compared to the global scene. India is still a very price-conscious market. Also, cinema business is a tertiary demand and is the last in the chain of decision-making from a consumer’s perspective. However, demand for luxury goods, cinema tickets are said...
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...JOINT ARRANGMENTS UNDER AASB11 I. New terminology * AASB11 introduces the term ‘joint arrangement’. A joint arrangement is an arrangement under which two or more parties have joint control. * A joint arrangement has the following characteristics: * The parties are bound by a contractual arrangement * The contractual arrangement gives two or more of those parties joint control of the arrangement. Difference: Under AASB 131 the term ‘joint venture’ was used to describe all joint arrangements, now it is used to describe a type of joint arrangement. II. New Classification: AASB 11 classifies joint arrangements into two types: * Joint operation: A joint operation is a joint arrangement whereby the parties that have joint control of the arrangement (i.e. joint operators) have rights to the assets, and obligations for the liabilities, relating to the arrangement. * Joint ventures: A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement (i.e. joint venturers) have rights to the net assets of the arrangement. III. Guidance for Classification of JO and JV: depends upon the rights and obligations of the parties to the arrangement. When assessing the parties' rights and obligations arising from the arrangement, it is necessary to consider the following: 1. The structure of the joint arrangement 2. When the joint arrangement is structured through a separate vehicle (i.e. entity):...
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...English Grammar in Use A self-study reference and practice book for intermediate learners of English Fourth Edition with answers Raymond Murphy CAMBRIDGE UNIVERSITY PRESS Cambridge, New York, Melbourne, Madrid, Cape Town, Singapore, São Paulo, Delhi, Mexico City Cambridge University Press The Edinburgh Building, Cambridge CB2 8RU, UK www.cambridge.org Information on this title: www.cambridge.org/englishgrammarinuse Fourth Edition © Cambridge University Press 2012 This publication is in copyright. Subject to statutory exception and to the provisions of relevant collective licensing agreements, no reproduction of any part may take place without the written permission of Cambridge University Press. English Grammar in Use first published 1985 Fourth edition 2012 4th printing 2013 Printed in Italy by L.E.G.O. S.p.A. A catalogue record for this publication is available from the British Library ISBN 978-0-521-18906-4 ISBN 978-0-521-18908-8 ISBN 978-0-521-18939-2 ISBN 978-0-511-96173-1 ISBN 978-1-107-64138-9 Edition with answers Edition without answers Edition with answers and CD-ROM Online access code pack Online access code pack and book with answers Cambridge University Press has no responsibility for the persistence or accuracy of URLs for external or third-party internet websites referred to in this publication, and does not guarantee that any content on such websites is, or will remain, accurate or appropriate. Information regarding prices, travel timetables and other factual...
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