Product Description
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 econo… More >>
Entertainment Industry Economics: A Guide for Financial Analysis
#1 by Anonymous on June 26th, 2010
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This book is certainly the best economic text I’ve ever read. It covers all aspects of the entertainment business, including film, television, cable TV, music, gaming, and Broadway. People currently in the entertainment biz can add to their knowledge, while novices and those with a general background in economics will have a fantastic primer from Vogel.
Rating: 5 / 5
#2 by Anonymous on June 26th, 2010
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I had always wondered how claims of unprofitable multimillion dollar-grossing films could be substantiated; now I know. The author provides a very good presentation of the details of entertainment financing. I particularly liked its up-to-date financial information on specific films; as well as the explanation of the power balance among studios, producers and distributors. All of this, while providing a historical backdrop explaining how things got to this point made for compelling reading.
It may be a bit dry, but that’s what you want from a text like this. Better that than to err on the side of being too insider-focussed, name-droppy, or “lite.” This book explains how the money flows and that riveting enough for me.
Rating: 5 / 5
#3 by B. Freeman on June 26th, 2010
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This book is the most complete available dealing with the various industries that make up “entertainment ” in our society. It has many nice figures and tables that can be used to illustrate a point if you’re a student doing a report, or a teacher covering this area in a lecture. But, it is a very dry read otherwise. It works best for me as a reference text to be used in companion to other texts on the various subjects. It’ll have to be updated anually to be a valid reference in this age of the internet… it could use a website to go along with it maybe? Good book to keep on the shelf and refer to when you need a stat.
Rating: 5 / 5
#4 by Anonymous on June 26th, 2010
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This book did a good job of covering the many aspects to entertainment. It was a bit on the dry side though. For those trying to decide where they belong in the world of entertainment (as a career or as an investor), this book would provide great insight.
Rating: 4 / 5
#5 by K. J. Lopez on June 26th, 2010
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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.
Rating: 3 / 5