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A movie studio spends $50 million on making a movie and an additional $20 million on advertising. But the film disappoints at the box office
A movie studio spends $50 million on making a movie and an additional $20 million on advertising. But the film disappoints at the box office and grosses just $15 million. What is the media industries phenomenon or terminology for the $55 million that isn't getting recouped? First give this phenomenons definition. Then explain this term in the above scenario. Then provide at least 2 ways that how media industries respond to such a phenomenon.
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