Hollywood Film Industry - Essay Example

The technology in the production was more of building sets-up, which was more expensive than location shooting. For movies to attract any investor they need to have new storytelling techniques strong storyline, plot, and assurance of investment return (Dirks, 1). The economic situation was another reason. During the recession, Hollywood studios like MGM studios abandoned their core business and ventured into another area to generate income. Some of the storylines were based on true-life events like the Vietnam War that occurred once, although over a long period (Dirks, 1). All these factors made one single product to be very expensive and therefore not worth having a sequel.

Waterfront is an American crime drama film, which was directed by Elia Kazan. The film received many awards, which included best picture, best actor, and best director. The film was shot in white and black. This film was based on a series of the true story of occurrences at the waterfront of Manhattan and Brooklyn. It exposes the bigger picture of corruption, extortion, and racketeering. Therefore, the basic concept was borrowed from a real-life event that had taken place (waterfront commission). A third party had sued because he claims the story had been stolen from him making it end in a court settlement.