Study done by Anthony N. Smith (2013)
This article focuses on the economics of AMC's institutional configuration. Building on Jaramillo’s analysis on AMC that stressed the importance of quality content, Anthony Smith also looks into the company but through a different angle that aimed to delve deeper by breaking down the specific qualities that governs many of AMC’s original TV programs.
Slow-Burn Narrative: 'demands a lot of patience,' yet the result is rewarding.
- Why long takes?
Prolong scenes duration not only construct ‘subtle and complex character interactions’ but also is being used as a means to ‘ emphasise narrative setting’. EG. Mad Men, Breaking Bad, The Killing and Rubicon
- Why wide shots?
Wide shots, which are not seen normally on television, are regularly used in Breaking Bad to enhance the sense of ‘locality’ and hence better ‘contextualize characters within their settings’.
As a result of the deliberated unhurried storytelling, when in comparison to other networks, AMC's programs generally don't generate a large viewerships but instead attracts a smaller group of 'educated' audiences.
"AMC’s ad earnings for Mad Men transmissions are unimpressive when considered in isolation, but the series operates more successfully as a loss-leader product, generating profitability for the complete schedule."
'Profile-Enhancement Strategies': the ways in which quality content can result in a 'halo-effect' that work in favour to AMC, boosting their profile, successfully lurking valuable 'upscale viewers/ blue-chip audiences' that are more desirable to advertisers.
Economic models and content production:
“Television criticism in an era of such multifaceted norms for the medium requires attention to more than its programs and distribution form; it must also consider the specific economic model that undergirds distinctions among broadcast networks, basic cable, and subscription channels—as each circum- scribes a particular nexus of art and commerce. Such criticism must interrogate how institutional context yields particular constraints and abilities” (Lotz, 2007, p. 87).
Traditional broadcast networks and basic cable: revenue comes from ad break (commercial break (pod) influence narrative and editing structure, shifting the overall structure of the episodes)
Subscription channels: revenue comes from subscription, no commercial break (narratives are unrestrained)
This aspect is very interesting and relevant to our study - How consumption and distribution reflects back on the development of media content. Netflix's institution configuration is subscription base, more like HBO, where pulling big numbers in rating aren't as important as producing good contents to attract subscribers. This enable more creative freedom in terms of content creation and i think it would be beneficial for Netflix to explore this notion further.
Reference:
Anthony. N. S. (2013). Putting the Premium into Basic: Slow-Burn Narratives and the Loss-Leader Function of AMC's Original Drama Series . Television & New Media. 14 (2), p167–183.
Lotz, A. D. 2007a. If it’s not TV, what is it? The case of U.S. subscription television. In Cable visions: Television beyond broadcasting, edited by C. Chris, A. Freitas, and S. Banet-Weiser, 85-102. New York: New York University Press.