Analysis Of The Hong Kong Film Industry

Hong Kong Film Industry

The creative industries are built upon individual skills, talents, and creativity. These industries include, but are not limited to, film, fashion, design, computer game, craft, design, architecture and many more (Moeran and Alacovska, 2012). Primarily, they are recognized as economic activities that involve the creation of a product or service that constitute information or knowledge. While everyone is familiar with Hollywood, known as the film capital of the world, the Hong Kong film industry has also made its contribution to the film world. For the longest time, Hong Kong was deemed to be one of the largest film industry in the world. Hong Kong film industry had its peak – iconic actors like Jackie Chan and Bruce

In the film industry, the end game of producer is to acquire a script and sell the final creative product for more than the amount of money they have invested. However, there is a obvious decline in the production of films based on creativity inspirations as film producers measure the level of success of a movie based on its box office instead of its originality (Lee, 2017). As a result, there is substantial pressure on creating an ultra-low-budget film to maximize profit. The property of art for art’s sake where producers invest their originality and creativity in the final film product has become less and less common in Hong Kong. Nevertheless, there is still a small number of producers and actors that focus on producing films that encourages creativity. Producers and actors that belief in art for art’s sake will thrive to work for the perfection of the creativity of the final product whereas profit-oriented actors and producers will focus on gaining high revenue. Charlene Choi, one of Hong Kong’s famous singer and actress, truly appreciates art as she willing to give up 90% of her regular pay to play her role in the movie Sara (Yip, 2015). This demonstrates art of art’s sake principle as actors like Charlene Choi who truly appreciate and cares about

For decades, Hong Kong film industry was dominating but those golden days cease to exist. Within a year, Hong Kong once produced approximately 400 films in the early 1990s, but that figure has dropped drastically to roughly 60 currently (Chen, 2017). To regain the fame that was once held back in the 1960s, it is crucial for all the stakeholders in the Hong Kong film industry to understand the properties of the industry and how it relates to the economy. One element can not determine the success or failure of a film, but the above properties