Wednesday, June 2, 2010

Red Carpet for the American Economy

The vision that the US economy has essentially depended on Wall Street and Hollywood does really rely on the enormous contribution of the small enterprise, where entrepreneurs actually provide a significant amount of innovation, business development, and the perspective to attain the American dream. However, I believe that there is not a significant extension or expansion to Hollywood opportunities. For instance, the 3D movie market and the related technology has barely started to expand with the constraints impacting human life, perception, and overall human psychology, as well as concerns about youth development and vision-related issues. The fact is also that there could possibly be further integration between Hollywood and other entertainment centers like Las Vegas. I believe, however, that this is not clearly happening since Las Vegas is likely to be using a razor-blade strategy where hotel and transportation are relatively inexpensive but the cost of living associated with food and prime needs is above that of other cities like New York. Las Vegas has focused also on live entertainment in addition to its gambling economy.

My point is simple: Perhaps economists would agree that Hollywood is the dominant center of entertainment but it has to create further motivation and awareness for entrepreneurs and venture capitalists to get further involved in getting it done better and with more flexible options. There are many movies which have achieved prompt success, without having the support of other media like Television, as in the scenario of Sex and the City, or young contributions such as the work Mother and Child, directed by Garcia Marquez's son Rodrigo GarcĂ­a Barcha, but it is obvious that both American and foreign investment, in Hollywood and the entertainment industry is a valid approach to balance the load on the path to economic recovery and success. So, I wonder who will be the next Avatar in the US economy.