$$ Read the following mini case $($hollywood goes global$)$ and answer the following quwstion.

$1.$ How has the global environment changed for U$.$S$.($Hollywood$)$ movie studies since $2000?$ Explain.

$2.$ Use the CAGE distance model to explain why it is challenging to produce movies that are attractive to different types of audiences across the world.

$3.$ Apply the cost$-$responsiveness framework to describe which global strategy Hollywood studios initially followed and how their strategic positioning has changed over time. Explain how and why.

$4.$ Given the economics of the now$-$global movie industry, what are the strategic implications for Holivwood studios? What are some opportnities, and what are some threats? How should Hollywood movie studios take advantage of these opportunities while mitigating the threats?

$5.$ When commenting on the disappointing performance of The Great Wall, movie executives continue to highlight the vast market opportunities in China and emphasize that they will soon find the right formula to make movies that are attractive to both American and Chinese audiences. Assuming that movie studios can create breakthrough hits that are attractive to both Eastern and Western audiences, what type of global strategy would that entail? What are some benefits of this type of global positioning? What are some of its risks? Why is this type of global positioning so hard to achieve?