To understand the concept of an institution is knowing 3 important keys terms which are listed below:
- Who produces the media texts.
- Their set of values and codes.
- And the relationship between them and us as individuals
A key word within institutions is conglomerate this means a company owns and produces different types of the media, but we don't associate them with it.
The 'Big 5' are the worlds five biggest media corporations, one person may just think that they deal with only one type of media because that is what they are taught to believe. Just think that they own so much more and this is where their income builds up, an example of what they own is the film companies.
- Walt Disney > Walt Disney Pictures
- Sony > Columbia
- Time Warner > Warner Bros
- News Corporation > 20th Century Fox
- Viacom > Paramount Pictures
Due to this, it is virtually impossible to escape these 5 companies. For example, I had never before heard of Viacom but I am always watching Paramount Pictures films and that is because Viacom don't want to tarnish their image by producing children's film so they created or bought shares in Paramount Pictures to gain more money.
Walt Disney
Touchstone Pictures - The walt Disney company is known for their pretty in pink princesses but wanted to produce films with many different variety’s to gain a wider audience and make more money from then. They produced over 200 films through Touchstone Pictures, including Good Morning Vietnam, Sister Act, Pretty Woman and Armageddon.
Walt Disney
Marvel Comics - In 2009 Disney wanted to become the biggest media institution so they bought shares in Marvel who were independent until then. This deal was expected to strengthen Disney's position as the leading global provider of high-quality branded entertainment and build long-term shareholder value.
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