Entertainment Industry Economics: A Guide for Financial Analysis [Hardcover]

Harold L. Vogel (Author)

Book Description

Publication Date: April 23, 2007

In this newly revised book, Harold L. Vogel examines the business economics of the major entertainment enterprises: movies, music, television programming, broadcasting, cable, casino gambling and wagering, publishing, performing arts, sports, theme parks, and toys and games. The seventh edition has been further revised and broadened and differs from its predecessors by restructuring and repositioning the previous Internet chapter, including new material on the economics of networks and advertising, adding a new section on policy implications, and further expanding the section on recent theoretical work pertaining to box-office behaviour. The result is a comprehensive up-to-date reference guide on the economics, financing, production, and marketing of entertainment in the United States and overseas. Investors, business executives, accountants, lawyers, arts administrators, and general readers will find that the book offers an invaluable guide to how entertainment industries operate.

Editorial Reviews

Review

'From the death of vinyl to the rise of cable, Vogel has ferried investors through some major show business crises.' Matthew Benz, Billboard --This text refers to an out of print or unavailable edition of this title.

Book Description

This seventh edition has been further revised and broadened and differs from its predecessors by restructuring and repositioning the Internet chapter, including new material on the economics of networks and advertising, adding a new section on policy implications, and expanding the section on recent theoretical work pertaining to box-office behaviour.

See all Editorial Reviews

Product Details

• Hardcover: 646 pages
• Publisher: Cambridge University Press; 7 edition (April 23, 2007)
• Language: English
• ISBN-10: 0521874858
• ISBN-13: 978-0521874854
• Product Dimensions: 9.2 x 6.4 x 1.4 inches
• Shipping Weight: 1.9 pounds
• Average Customer Review: 4.0 out of 5 stars  See all reviews (3 customer reviews)
• Amazon Best Sellers Rank: #87,772 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

4 of 4 people found the following review helpful:

3.0 out of 5 stars No coverage of the live popular music concert industry, January 23, 2008

By 

K. J. Lopez (La Crescenta, Ca. United States) - See all my reviews
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This review is from: Entertainment Industry Economics: A Guide for Financial Analysis (Hardcover)

Mr. Vogel has created a readable and informative book. The introductory chapters are a comprehensive overview of economics, leisure time, and media, and may be worth the discounted price of the book on their own.

My complaint is that the section on The Music Industry is not up to date. It is a treatise on the Recorded Music industry only, and neglects the live music concert industry.

His coverage of live popular music entertainment is literally one paragraph. The live concert industry is now one of the main revenue sources for musical artists, in addition to licensing. The concert industry generates over $10 Billion in revenues from live music performance tickets alone. Live Nation and AEG Live dominate. Madonna signed with Live Nation and not a traditional record label because this is now the focal point of the music industry. Contrary to Mr. Vogel's outdated assertion, recorded music is now often a promotional tool used to get fans to buy concert tickets. This has been the case for nearly a decade.

3 of 3 people found the following review helpful:

5.0 out of 5 stars Excellent reference for understanding media business models, May 18, 2008

By 

robert bleidt - streaming media executive (Santa Clara, CA United States) - See all my reviews

This review is from: Entertainment Industry Economics: A Guide for Financial Analysis (Hardcover)

This book provides a thorough explanation of the business models of most of the media and entertainment industries - music, radio, TV, even casinos and theme parks. There is both a historical perspective and a presentation of the current state. Most of this information is not available in print or on the net elsewhere.

For example, there's a flowchart that explains royalties in the music industry that explained in one glance what would normally require personal discussions with five or ten people to uncover.

There is also information on valuation models and accounting treatments of the industries studied.

Some reviewers called this book dry - but I think the writing is compact, objective, and informative. Also, there are extensive footnotes and references to other sources.

Academic rigor, an analyst's objectivity and practicality, and an underlying enthusiasm for the subject - excellent.

1 of 3 people found the following review helpful:

4.0 out of 5 stars Smart tutoring, September 8, 2009

By 

Ioannidis Konstantinos "Attikos" (Athens EU) - See all my reviews
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This review is from: Entertainment Industry Economics: A Guide for Financial Analysis (Hardcover)

The Knowledge you may collect is useful and the price for it is low for the trough vision you got of it