All absolutely true, but what it tells me is that the same product isn't really working in both markets, with the occasional big exception. There's no question that the overseas markets are the growth engine of the business, though.
But I wonder how long the era of one-size-fits-all product for all territories can last. Eventually, specialized studios for each market could swoop in with better localized product using the same stars. It's tempting to think that the era of globalization will give us a homogenous set of middle-class consumers worldwide, all with roughly the same tastes. In practice, though, local culture and preferences still matter in a big way. The question is whether local culture is on its way out with globalization, and accordingly, whether local tastes are simply artifacts of the pre-global marketplace. Or, frankly, if a new global homogeneity is emerging, how likely that standard is to be set outside of the US. Twenty years from now, which consumers will be deciding what's cool for the rest of the globe? The US middle class seems like a largely spent force in that role.
But I wonder how long the era of one-size-fits-all product for all territories can last. Eventually, specialized studios for each market could swoop in with better localized product using the same stars. It's tempting to think that the era of globalization will give us a homogenous set of middle-class consumers worldwide, all with roughly the same tastes. In practice, though, local culture and preferences still matter in a big way. The question is whether local culture is on its way out with globalization, and accordingly, whether local tastes are simply artifacts of the pre-global marketplace. Or, frankly, if a new global homogeneity is emerging, how likely that standard is to be set outside of the US. Twenty years from now, which consumers will be deciding what's cool for the rest of the globe? The US middle class seems like a largely spent force in that role.